UPDATE: Saudi Investor Group Takes Majority Stake in Children’s Place, Offers Financing as Retailer Works to Avoid Bankruptcy
[Update from 2/15/24] Shares of The Children’s Place (NASDAQ: PLCE) are up 80% in early trading today on…
News February 15
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Venus et Fleur
Venus et Fleur, the luxury gifting brand known for its Eternity florals, has opened its 10th retail location…
News February 15
Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy
Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help…
News February 14
Instacart Lays Off 250 in Move to Streamline and Focus on Growing Retail Media Business
Instacart has laid off 250 employees in a move to “reshape” the newly public company, as it looks…
News February 14
Staples to Deploy AI-Powered Robotic Picking in Fulfillment Centers
Staples will install autonomous item-handling robots in its fulfillment centers as part of a multi-year agreement with RightHand…
News February 14
New Crocs and Famous Footwear Product Drop Supports U.S. Foster Youth
It’s fair to say that Crocs has mastered the art of the product drop, collaborating with obvious (and…
News February 14
Kroger Plans to Cut Prices Following Completion of Albertsons Merger
Citing its actions following previous corporate mergers, Kroger said it plans to lower prices when its planned merger…
News February 13
SpartanNash Expands Robot-Supported Inventory Insights to 75 Stores
Following a 15-store pilot project that kicked off in May 2023, SpartanNash has deployed Tally, an autonomous inventory…
News February 13
Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million
After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash…
News February 13Top Stories
