Grocery courier Boxed Inc. said Tuesday it might file for bankruptcy as it continues to explore a possible sale of the business less than two years after going public through a merger with a special-p...
Tag: Retailer
Bed Bath & Beyond stock rises after retailer amends equity offering deal
Bed Bath & Beyond Inc. BBBY has amended its equity offering deal that was announced last month. On Tuesday the home goods retailer announced that it is temporarily adjusting the Price Failure thre...
UK Retailer Tesco Considering Selling Banking Unit
Meanwhile, Tesco plans to expand its rapid delivery series Whoosh to 800 stores by the end of the month. British multinational grocery and general merchandise retailer Tesco (LON: TSCO) is considering...
Walmart earnings preview: retailer vulnerable to inflation, but remains king of retail
Walmart Inc. (NYSE: WMT) will report Q4 and full-year results Tuesday morning. The retailing giant will be closely watched amid a difficult environment dominated by economic and inflation concerns at ...
Bed Bath & Beyond’s stock soars as much as 120% as retailer nears bankruptcy
Bed Bath & Beyond Inc.’s stock BBBY, +92.13% spiked as much as 120% Monday even as the retailer indicated it has missed payments to debt holders and could file for bankruptcy. More than 183 ...
South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores – Africa Bitcoin News
Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now...
This retailer stands to benefit from Bed Bath & Beyond bankruptcy
Bed Bath & Beyond Inc (NASDAQ: BBBY), on Friday, confirmed that it doesn’t have sufficient funds to repay its debt. Shares are still slightly in the green this morning. BBBY is considering bankrup...
Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to s...
Vanished $4 Billion Brings Down Century-Old Retailer in a Week
(Bloomberg) — Hours after revealing a scandal that would roil Brazilian markets, Sergio Rial joined a Zoom call with hundreds of panicked investors. It was an attempt to explain the $4 billion a...
Nordstrom sinks after retailer posts weak holiday sales
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom fell Thursday, after the department store chai...
As consumer spending slows, TJX is the off-price retailer to own
Fresh economic data Wednesday showed U.S. consumer spending slowed during the holiday season as inflation, though easing, continued to squeeze shoppers. That’s likely to make off-price retailers...
The chaotic final years of a classic American retailer
The end of an era may be coming: Bed Bath & Beyond (BBBY), once one of the U.S.’s most beloved home furnishing retailers, is reportedly eyeing a bankruptcy filing in the coming weeks. From s...
Major Retailer Appears Headed For Bankruptcy
The party may be over at Party City. Beloved theme and costume retailer Party City (PRTY) – Get Free Report is said to be considering bankruptcy within weeks, and is talking to bondholders abou...
Analyst reveals a ‘rare retailer with momentum’ to own in 2023
Lululemon Athletica Inc (NASDAQ: LULU) has lost about 15% since early December but a Wells Fargo analyst says a near full recovery is on the cards for the coming months. Lululemon stock has upside to ...
FTX clients indirectly funded Alameda Research through “electronics retailer” North Dimension
North Dimension, a company to which FTX directed customers to wire money, is reportedly a mysterious, fake electronics retail entity used as a proxy for funding Alameda Research. North Dimension puzzl...
Brazil Retailer Guararapes Taps Safra for Stake Sale
(Bloomberg) — Guararapes Confeccoes SA, the Brazilian conglomerate that owns fashion retailer Riachuelo, is working with Banco Safra SA as it mulls a potential stake sale, according to people fa...
Bearish Bets: A Retailer and 2 Other Stocks You Should Think About Shorting
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, rece...
How Fantasy Retailer Came To Sign Amazon Deal
A cosplayer dressed as Ordo Hereticus Inquisitor from “Warhammer 40k” at McCormick Place Chicago. … [+] (Photo by Daniel Boczarski/Getty Images) Getty Images Tales of big screen bloc...
Carvana shares tank as bankruptcy concerns grow for used car retailer
Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Brendan McDermid | Reuters Shares of Carvana plummeted by more than 40% in Wednesday morni...
Former CFO Of Luxury Retailer Neiman Marcus Steps Into The Airport Convenience Space
Kevin Gotthard: “It is exciting to join at this point of phenomenal growth.” WHSmith WHSmith, a global retailer of news, books, and convenience items, has hired the former chief financial officer of l...
Luxury Retailer True Facet Greenlights Crypto Payments
True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase...
Budget-Conscious Maurices Launches Evsie Brand For Customers’ Daughters, Sizes 7 To 14
Tweens modeling the new Evsie brand that launched at Maurices just in time for Christmas. Courtesy of Maurices Maurices is branching out. The Duluth, MN-based retailer of trending apparel for women, i...
Crypto Retailer Genesis Block Halts Trading Amid FTX Contagion
Hong Kong-based crypto retailer Genesis Block is closing down its over-the-counter (OTC) trading services as the contagion of collapsed crypto exchange FTX spreads further across the industry. Genesis...
Vietnamese Food Retailer Accepts COS Tokens, COS.TV Becomes New Channel for Brick-and-Mortar Stores To Enter Web 3.0 E-Commerce
November 16, 2022 – Ho Chi Min City, Vietnam Amor Shop, a food retailer in Ho Chi Minh City, Vietnam, recently announced that it will accept COS tokens instead of fiat currency for store purchases and...
Lowe’s Is Latest U.S. Retailer To Misread Canada
Lowe’s is looking to simplify. The home improvement retailer earlier this month disclosed that it has entered into a definitive agreement to sell its Canadian operations to the private equity firm Syc...
Bed Bath & Beyond stock falls as retailer plans to issue shares to pay off debt
A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond said Monday it would issue shares to some of its bondholders in exchange for ...
South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets – Coinotizia
Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Light...
Bed Bath & Beyond reportedly selling assets to private equity firm, retailer says no comment
Bed Bath & Beyond is selling off assets to private equity firm Sycamore Partners ahead of a possible bankruptcy filing, the New York Times reported on Friday. Alongside other key assets, the retai...