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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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
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 13
Update: Farfetch Sale to Coupang Goes Through Despite Investor Objections
[Update 2/5/24] Despite the objections of a significant group of Farfetch investors, South Korean ecommerce company Coupang completed its…
News February 5
Despite Challenging 2023, Tractor Supply Plans 90+ Store Openings This Year
Even in the face of an 8.6% net sales decline in Q4 2023, Tractor Supply still plans to…
News February 2
WHSmith Plans 110+ Store Openings in 2024 with Over 50 in North America
UK-based travel retailer WHSmith is bullish on growth prospects for 2024, with plans to open more than 110…
News February 2
As Amazon Launches AI Shopping Assistant, Jassy Predicts AI will Drive ‘Tens of Billions’ in Revenue in Coming Years
Amazon has debuted Rufus, a new generative AI-powered conversational shopping experience, at the same time that it reported…
News February 2
Shuttered Zulily Taps Gordon Brothers to Handle Sale of Inventory and Fulfillment Center Assets
Zulily Group has engaged the advisory firm Gordon Brothers to sell off more than $85 million of inventory…
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