financial news

Z Gallerie Files for Bankruptcy Again, Looks for Buyer

Z Gallerie has filed for bankruptcy due to “severe liquidity constraints” resulting from “underperforming retail stores, adverse macroeconomic trends and industry-specific headwinds,”…

Hello Bello Files for Bankruptcy, will be Acquired by Private Equity Firm

After about five years in business, baby and family care brand Hello Bello has voluntarily filed for Chapter 11. Despite the hype…

Wolverine Worldwide CEO Departs Following Disappointing Quarterly Results

Wolverine Worldwide’s Board of Directors has terminated President and CEO Brendan Hoffman and he has formally stepped down as a director of…

Amazon Generates 11% Revenue Boost in Q2, Forecasts Strong Q3

Amazon’s financial results for Q2 2023, which ended June 30, reveal that its investments in product expansion, fulfillment capabilities and new ad…

Walmart Generates 69% Online Sales Growth in Q4, Plans Wage Increases for 425,000 Workers

Walmart reported 69% online sales growth and an 8.6% same-store sales bump in the U.S. during Q4 2021, which ended Jan 31,…

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores….

Brooklinen Secures $50 Million Investment To Open 30 Stores By 2023, Expand Globally

Brooklinen, the DTC luxury bedding and home essentials retailer, has raised $50 million to expand its brick-and-mortar footprint, enter new domestic and…

The Home Depot, TJX And Best Buy Shine Brightest In Q4 But It’s Dark Days For Department Stores

While Walmart and Target may have underwhelmed in November and December 2019, the full holiday season produced clear-cut winners and losers —…

Macy’s Earnings And Revenue Beat Estimates, But Sales Declines Weigh Heavily On 2020

Three weeks after revealing it would close 125 of its 680+ stores as part implementing its “Polaris” strategy, Macy’s reported Q4 earnings…

Amazon Shatters Profit Expectations For Holiday Quarter, Surpasses 150 Million Prime Members

Investments in one-day delivery may have contributed to earnings misses at Amazon in Q2 and Q3, but they seriously paid off for…

Farfetch Eyes China Expansion With $250 Million Investment

Farfetch, an online luxury fashion platform, has raised $250 million from China-based Tencent Holdings and Dragoneer Investment Group to support its global…

Retail Robotics Firm Raises $263 Million In Funding Round

Berkshire Grey, a robotics and AI company that offers retail, e-Commerce and logistics fulfillment automation solutions, has raised $263 million in Series…

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financial news

Z Gallerie Files for Bankruptcy Again, Looks for Buyer

Hello Bello Files for Bankruptcy, will be Acquired by Private Equity Firm

Wolverine Worldwide CEO Departs Following Disappointing Quarterly Results

Amazon Generates 11% Revenue Boost in Q2, Forecasts Strong Q3

Walmart Generates 69% Online Sales Growth in Q4, Plans Wage Increases for 425,000 Workers

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

Brooklinen Secures $50 Million Investment To Open 30 Stores By 2023, Expand Globally

The Home Depot, TJX And Best Buy Shine Brightest In Q4 But It’s Dark Days For Department Stores

Macy’s Earnings And Revenue Beat Estimates, But Sales Declines Weigh Heavily On 2020

Amazon Shatters Profit Expectations For Holiday Quarter, Surpasses 150 Million Prime Members

Farfetch Eyes China Expansion With $250 Million Investment

Retail Robotics Firm Raises $263 Million In Funding Round

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