Retail

Simon Property Group to Acquire REIT Taubman Centers

On Monday, Simon Property Group Inc. (NYSE: SPG) announced it has agreed to acquire real-estate investment trust Taubman Centers Inc. (NYSE: TCO) in an all-cash deal valued at USD 3.6 billion.  Taubman shares surged 53% early Monday. This year,...

Macy’s Announces Three-Year Strategy to Stabilize Profitability

Today, Macy’s Inc. (NYSE:M) announced its new three-year strategy to stabilize profitability and lead the fashion retailer to growth.  The Polaris strategy follows a time when Macy’s struggled under declining mall traffic, caused by the rising...

Goldman Considers Small-Business Loans Deal With Amazon

Goldman Sachs Group, Inc. (NYSE: GS) is negotiating with Amazon.com, Inc. (NASDAQ: AMZN) about offering small- and medium-sized businesses loans in the United States on the e-commerce Company’s lending platform, reported the Financial Times this...

Trans World Entertainment Announces Plans to Sell FYE Chain for USD 10 Million

The Trans World Entertainment Corporation (NASDAQ:TWMC) announced today that its board of directors has agreed to sell the For Your Entertainment (FYE) segment for USD 10 million in cash to Sunrise Records and Entertainment Ltd. in Canada. The...

PayPal to Acquire Honey Science Corporation

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that it has completed the acquisition of Honey Science Corporation, the online shopping tool, for roughly $4 billion in cash. PayPal intends to expand its appeal with this transaction, while...

SmileDirectClub, Inc. Announced Products Available Exclusively at Walmart

SmileDirectClub, Inc. (NASDAQ: SDC) today announced that a suite of affordable yet premium oral care products will be available exclusively at Walmart Inc. (NYSE: WMT) stores on Walmart.com. SmileDirectClub is the first provider of clear aligner...

RH Shares Soar on Earnings Beat and Revised Guidance

RH  (NYSE: RH), formerly known as Restoration Hardware, reported its third quarter financial results on Wednesday during extended trading hours. The Company topped earnings and revenue estimates, sending shares higher by 10.3% on Thursday.  For...

Shopify Shares Pop on Record-Breaking Black Friday and Cyber Monday Sales

Shopify (NYSE: SHOP) shares popped 5.7% on Tuesday during late trading sessions after the Company reported record-breaking Black Friday and Cyber Monday sales.  The Company highlighted that over one million merchants sold delivered revenues of...

Best Buy Shares Hit 52-Week High on Earnings

Best Buy Co. (NYSE: BBY) on Tuesday delivered earnings and revenue that beat analysts’ expectations, sending its share price to a 52-week high. The electronics retailer also raised its earnings guidance. The company said it earned an adjusted USD...

Target Shares Surge on Earnings

Target Corp. (NYSE: TGT) on Wednesday delivered third quarter earnings and sales that topped analysts’ estimates, sending shares up more than 9% at market open. The retailer said revenue grew 4.7% year-over-year to USD 18.67 Billion, beating...
Target Shares Surge on Earnings

Target Shares Surge on Earnings

Target Corp. (NYSE: TGT) on Wednesday delivered third quarter earnings and sales that topped analysts’ estimates, sending shares up more than 9% at market open. The retailer said revenue grew 4.7%...

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