Retail

Courtney Reagan on the hot toys for this coming holiday season.

CFO Jeffrey Davis will be departing the department store chain effective Monday.

The retailer’s shares fell in after-hours trading despite Nike reporting a 10 percent rise in revenue to $9.95 billion and a 15 percent jump in profit to $1.1 billion.

According to the proposal filed Monday with the SEC, ESL is asking for a reduction in Sears’ debt of nearly 80 percent to roughly $1.2 billion.

Retailers are rolling out holiday shopping season merchandise earlier and earlier.

The announcement from Macy’s comes in a tight labor market. It says it will offer seasonal workers the chance to be eligible for bonuses if certain sales targets are met.

Walmart is also physically expanding its aisles in select stores to hold an even greater number of toys.

Dick’s CEO Edward Stack tells analysts and investors he’s excited about Under Armour displaying more “premium” merchandise at Dick’s stores in the future.

“There’s no doubt that like others we’re currently benefiting from a very strong consumer environment, perhaps the strongest I’ve seen in my career,” Target CEO Brian Cornell told analysts on a call Wednesday.

More shoppers flocked to Walmart stores and spent more per trip, the company says.

“It’s pretty simple,” Aldi U.S. CEO Jason Hart tells CNBC. “We are going where competitors are, we like to be close to the competition for convenience reasons for our customer.”

Nike will raise salaries for more than 7,000 employees and change how it awards annual bonuses to its global staff in an attempt to address concerns about pay equity and corporate culture, CNBC has learned.

The company is expected to take almost 50 percent of the U.S. e-commerce market by year’s end.

Toys R Us will shutter its doors in the U.S. Friday, leaving in its wake a great deal of sadness, pockets of anger and some slim hope. The retailer filed for bankruptcy this past September with $4.9 billion in debt, a vestige from its $6.6 billion acquisition by Kohlberg Kravis Roberts, Bain Capital Partners and …

Kroger is partnering with autonomous car company Nuro.