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Sunday, October 20, 2019

Tag: retailer

UK retail king Tesco’s CEO to check out in 2020

Dave Lewis to be replaced by Walgreens Boots Alliance executive Ken Murphy.

Forever 21 prepares for potential bankruptcy filing

Forever 21 operates more than 800 stores in the US, Europe, Asia and Latin America.

Sports Direct plunges after earnings fall and CFO steps down

Sports Direct also says it has received a payment notice for US$749 million after an audit of its taxes in Belgium.

126-year-old firm’s bankruptcy raises old questions about cost of going broke

Sears will consider bids for its assets, including a last-ditch US$5 billion proposal by chairman and controlling shareholder Eddie Lampert.

Toys ‘R’ Us lenders may swap US$760 million in debt for...

The lenders would make a so-called "credit bid" by using their senior secured notes in the Asia business rather than cash, and win ownership of the unit during an auction next month in New York.

Top UK retailer John Lewis backs job scheme for slavery victims

John Lewis has joined the "Bright Future" project which offers slavery victims four-week paid work placements that can lead to a permanent job.

Steinhoff gauges interest in European retailer Pepco

The South African company has informally sounded out potential buyers for Pepco including private equity firms, said the people, who asked not to be identified as the plans aren’t public.

Tesco ramps up pressure on rivals as turnaround progresses

Tesco’s grocery home-shopping business performed strongly, with transactions and basket sizes growing during the quarter, the company said.

Creators of hit TV series ‘Westworld’ reveal latest project

The creators of HBO's popular TV series, 'Westworld', Lisa Joy and Jonathan Nolan, will adapt William Gibson's book, 'The Peripheral' into a series for streaming outlet Amazon.

Walmart remains in buying mode to fight Amazon, says exec

Marc Lore says future acquisitions will likely be in the US$50 million to US$300 million range, and could go higher,

US gunmaker sees little hit from Dick’s firearms shift

US gunmaker American Outdoor Brands said Thursday that retailer bans on assault-style weapons would have minimal impact on profits, but warned that firearms demand remained sluggish amid a gun glut.

Walmart in talks to buy more than 40% of India’s Flipkart,...

In what would be one of its biggest overseas deals, the US retailer is looking at buying new and existing shares in Flipkart.