retailers

Walmart said Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans

Shopping mall giants Simon Property Group and Taubman Centers saw their stock prices spike Monday as they rescued a merger that was nearly scuttled by the coronavirus pandemic. Simon shares surged as

J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary

Walmart, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country

Uncertainty around Election Day has put a crimp into online shopping. Consumers have spent less money on the web this week than experts had anticipated, according to a study, raising concerns that

Nearly 60 percent of businesses that closed nationwide during the COVID-19 pandemic are never reopening again, according to a report. The vast majority of those businesses are restaurants and gift stores, according to Yelp’s Local Economic Impact Report, a monthly survey of business listings. As of Aug. 31, 163,735 businesses were listed as closed, with …

The coronavirus pandemic may not damage the global economy as badly as previously feared, an influential group says. The Organization for Economic Cooperation and Development said Wednesday that it now expects worldwide gross domestic product — a key measure of economic health — to drop by 4.5 percent this year, down from its June forecast …

US Senator Marco Rubio, a Republican and a China hawk, asked for a national security review of plans by GNC to sell itself to Harbin Pharmaceutical Group. Rubio made the request in a letter to Treasury Secretary Steven Mnuchin. The department leads the inter-agency Committee on Foreign Investment in the United States. GNC has said …

Off-price clothing retailer Century 21 — a mecca for generations of fashion-minded bargain hunters — filed for bankruptcy on Thursday and said it will shutter all of its stores for good, blaming insurance companies that failed to pay up during the pandemic. Known for deeply discounted designer goods, the department store has been a retail …

CVC Capital Partners and Canada Pension Plan Investment Board are exploring a sale or initial public offering of Petco that could value it at $6 billion, including debt, Bloomberg News reported Wednesday. The firms are interviewing potential advisers while reviewing strategic options, with formal efforts around a sale or IPO not expected to kick off …