shopping malls

Kroger-Albertsons Antitrust Review Likely to Focus on Local Store Overlap

The antitrust authorities who review the planned merger, however, may be more focused on the supermarket down the street, according to lawyers and industry officials. Kroger’s plan to acquire rival Albertsons, announced last week, would combine the biggest and second-biggest supermarket companies in the country by sales, which operate a combined total of about 5,000 …

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MrBeast draws thousands to YouTube star’s new burger joint at American Dream mall

Thousands of ravenous fans of popular YouTube personality MrBeast swarmed a New Jersey mall over the Labor Day weekend for the opening of his first burger joint. More than two thousand camped out at the American Dream mall overnight Saturday for the chance to meet their idol Jimmy Donaldson, the Kansas-born YouTube sensation with more …

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Gap (GPS) reports fiscal Q2 2022 results

A Gap Inc. employee works in a San Francisco store. Getty Images Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the wrong mix of sizes and styles. The San Francisco-based company, …

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Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going

Barry McCarthy speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will be a comeback …

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Peloton (PTON) reports Q4 2022 losses mount

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than …

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Peloton to sell fitness equipment, apparel on Amazon

A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic …

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Nordstrom (JWN) reports Q2 2022 results

Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even as it reported fiscal …

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Macy’s (M) reports fiscal Q2 2022 earnings

Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees …

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Kohl’s (CSR) reports Q2 2022 earnings

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying that its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and other discretionary items. …

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Reebok owner Authentic Brands strikes $254 million deal for Ted Baker

A branch of Ted Baker stands on Regent Street in London, England. Jack Taylor | Getty Images News | Getty Images Authentic Brands Group, the retail conglomerate that owns businesses including Reebok, Forever 21 and Juicy Couture, has struck a deal to buy UK fashion chain Ted Baker for about £211 million, or $254 million. …

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