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Retail
Lawsuit alleges Victoria’s Secret has ‘toxic culture of sexual harassment’
People walk past a Victoria's Secret store in Barcelona.John Milner | LightRocket | Getty ImagesA shareholder of L Brands, the parent company of Victoria's Secret, is suing the company for records and alleging that its bra and lingerie…
Sears is shutting its last store in Illinois, its home state
A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is "substantial doubt" about the company's financial…
Inditex falls to loss and plans €2.7bn investment in online shopping and
The portfolio of larger stores will be concentrated on strategic shopping districts in larger cities
Inditex, the owner of the Zara, Massimo Dutti, Pull&Bear and Bershka clothes chains, says it will invest €1bn over the next two…
Walmart says crypto payments announcement is fake. Litecoin tumbles after
Cryptocurrency litecoin gave up a 20% gain and tumbled back to earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart.Walmart spokesman Randy Hargrove confirmed the press release is not…
Pets at Home Group PLC a “dead cert income fund holding”, says Peel Hunt
The broker said the retailer's web traffic had also been very strong during lockdown and they envisaged "special dividends ahead" as the group continued to generate cash
() has been labelled “a dead cert income fund holding” by…
Coresight predicts record 25,000 retail stores will close in 2020
A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City.Spencer Platt | Getty ImagesOne result of the coronavirus pandemic could be as many as 25,000…
Cancelled and cut FTSE 100 dividends now total over £26bn, with £25bn still
So far, the blue-chip index has seen around 42% of the total payouts for the 2020 calendar year cut or cancelled amid pandemic disruption
The number of FTSE 100 dividends that have been cancelled or cut amid the disruption caused by the…
Albertsons stock is worth buying at $25 when it comes public
CNBC's Jim Cramer on Wednesday said that Albertsons, the U.S. grocery operator making its third IPO attempt, is worth owning if investors can get the stock at the right price.Albertsons, which owns Albertsons, Safeway, Acme and Shaw's…
How inflation is hitting online prices of apparel to furniture
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019.Michael Nagle | Bloomberg | Getty ImagesPrices of goods online have now risen for an unprecedented…
Peloton looks to commercial businesses like hotels for new growth
Peloton Interactive Inc. stationary bicycles sit on display at the company's showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019.Jeenah Moon | Bloomberg | Getty ImagesPeloton is looking beyond the home for its next…