Financial News

Casey’s Expands Reach in Texas with Acquisition of 198 CEFCO C-Stores

Convenience store chain Casey’s General Stores has agreed to acquire Fikes Wholesale, owner of CEFCO Convenience Stores. The all-cash transaction is valued…

Conn’s to Close 71 Stores Following Bankruptcy Filing

Conn’s Home Plus, which filed for Chapter 11 bankruptcy protection in the Southern District of Texas on July 23 according to multiple…

Prime Day Sales Top $14 Billion, with More Products Sold Than Ever Before

Amazon’s 10th annual Prime Day was its biggest ever, with record-breaking sales over the 48-hour member sales event and more items sold…

Macy’s Ends Buyout Talks with Arkhouse, Brigade; Looks Ahead to Company’s ‘Bold New Chapter’

Macy’s board of directors has unanimously agreed to terminate buyout discussions with Arkhouse Management and Brigade Capital Management following months of negotiations…

Costco to Boost Membership Fees for First Time Since 2017

Costco will raise its annual membership fees, one of its primary sources of revenue, for the first time in over six years….

Shein Commits €250 Million to Circularity Efforts in UK, Europe Amid London IPO Push

Shein may be hoping to grease the wheels of its latest IPO effort in London with newly announced plans to invest €250…

Target Rips Up Paper Checks as Payment Method

Citing “extremely low volumes” of customers using personal checks, Target will stop accepting checks for in-store payments on July 15, 2024, as…

UPDATE: All Bob’s Stores to Close Following Bankruptcy, Fate of Eastern Mountain Remains Unclear

[Update as of July 3, 2024] GoDigital Media Group, parent company of Bob’s Stores and Eastern Mountain Sports, has announced that all…

UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt

[Update as of July 2, 2024] U.S. Bankruptcy Judge Michael Kaplan has approved a restructuring plan for Rite Aid that would cut…

UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M

[Update as of June 28, 2024] Sam Ash has selected a winning bidder in its bankruptcy auction: Mexican retailer Gonher Music Center. Gonher…

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,”…

$30 Billion Swipe Fee Settlement in Jeopardy After Judge’s Ruling

The proposed $30 billion settlement of the Visa/Mastercard swipe fee litigation, which has been going on for nearly two decades, may still…

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