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Bertha Coombs reports that CVS has lowered its 2019 forecast, possibly because of struggles with its old acquisition of Omnicare.
Walmart outpaces analysts’ earnings and revenue expectations, as its e-commerce sales surge 43 percent.
Walmart is set to report earnings for the holiday quarter before the bell Tuesday.
The sudden and unexpected plunge in December’s retail sales data raised new concerns about recession, but economists also say the biggest drop in nine years clashes with other data and may be suspect.
Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research.
Women’s apparel company Charlotte Russe on Monday filed for Chapter 11 bankruptcy protection and said it planned to shut about 94 stores.
Sweethearts, the beloved conversation hearts candy, won’t be on shelves this Valentine’s Day after the original producer went out of business.
Sears reached a roughly $5 billion deal with Chairman Eddie Lampert to keep the company and about 400 stores open.
Courtney Reagan reports on the economic cost of returns to the retail industry—a problem that continues beyond the holiday season.
Macy’s saw its worst one day performance ever following the retailer’s downbeat holiday results. Courtney Reagan reports.
Shares of the country’s biggest department stores tumbled on Thursday, led by disappointing holiday results delivered by the biggest department store in the U.S. by market cap, Macy’s.
As bankrupt Sears inches toward liquidation, Amazon on Monday became the most valuable public company in the world, surpassing Microsoft.
Retail stocks could be on the verge of a big resurgence, some market experts say.
Eddie Lampert’s $4.4 billion offer was Sears’ only shot at staying alive and preserving 55,000 jobs. ESL plans to contest Sears’ decision.
Strong sales during the holiday shopping season means retailers can expect to see more returns, and that means big demand for warehouse space. Diana Olick reports.