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Altria Group said Friday it agreed to buy a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion, a sign of the new world in which Altria must compete.
Web 2.0 stocks are blasting higher on Monday. One analyst says there are two factors that are giving rise to these second-generation tech names.
U.K.-based trade union GMB organizes a protest against Amazon for working conditions it calls “inhuman.” Amazon denies that it mistreats workers and says it created 25,000 well-paying jobs in the U.K.
Small Business Saturday, now in its ninth year, is sponsored by American Express and encourages consumers to get out and shop “small” supporting local retailers, restaurants and more both in person and on the web.
Online sales on Thanksgiving Day are expected to hit a record $3.7 billion, according to Adobe Analytics.
Holiday sales will be crucial for these five retailers. For Sears, a strong season could help it avoid liquidation. Others like Neiman Marcus and J.C. Penney need cash to support turnaround efforts.
Walmart has been making investments in its stores, online and internationally to keep pace with arguably its biggest rival of all, Amazon.
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.