UPDATED: Activist Investor Pushes for Response to Takeover Bid as Macy’s Announces Layoffs, Store Closures
[Editor’s Note 1/23/24: This story was updated on Jan. 22 to include details from a Jan. 21 statement…
News January 22
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Last Call for Drizly: Uber to Shut Down Alcohol Delivery App, Focus on Uber Eats
It’s closing time for alcohol delivery app Drizly: Uber, which acquired the company three years ago for $1.1…
News January 18
Microsoft Leads the Charge to Help Retailers Harness Cloud Technology with New Industry Alliance
Microsoft has launched a new Retail Cloud Alliance (RCA) aimed at educating and empowering retailers to leverage cloud…
News January 14
UPDATED: Neiman Marcus, Saks Still Unable to Come to Terms on Takeover Deal
UPDATE 1/11/2024: Neiman Marcus CEO Geoffroy van Raemdonck has firmly squashed any hope of a merger, telling CNBC…
News January 11
Parent of Performance Sports Brands Arc’teryx and Wilson Plans IPO
Helsinki-based Amer Sports, parent company of brands including Wilson, Salomon, Peak Performance and Arc’teryx, has filed for an…
News January 5
Sycamore Completes $1 Billion Chico’s Acquisition, Adds Brands to KnitWell Group
Private equity firm Sycamore Partners has completed its acquisition of Chico’s FAS in an all-cash transaction valued at…
News January 5
Asda Hires First Digital Chief, Expands Efforts to Encourage Girls to Consider Careers in Tech
UK supermarket chain Asda is fortifying its digital foundation both for the present and the future. The company…
News January 3
JD.com Wins Antitrust Suit in China; Alibaba Fined $140 Million
JD.com has won a lawsuit against rival Alibaba Group in the High People’s Court of Beijing, which fined…
News January 2
Nike Plans to Cut $2 Billion in Costs; Layoffs Imminent as Strategy Pivot Continues
Nike has laid out a plan to cut up to $2 billion in costs over the next three…
News January 2Top Stories
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