Tag: US retail market
AllSaints announces CVAs proposal for UK and US store portfolio
Global contemporary fashion retailer AllSaints, headquartered in East London, has launched a CVAs (Company Voluntary Arrangements) proposal for its store portfolio in the UK...
May retail sales improve dramatically over April but still below last...
Retail sales rose dramatically in May as retailers and other businesses closed by the coronavirus pandemic began to reopen, but remained well below spending...
Simon Property, Brookfield in talks to acquire JC Penney
Simon Property Group and Brookfield Property Partners, the biggest mall owners in the United States, and Authentic Brands Group LLC are in talks to acquire bankrupt department-store...
Food Lion to acquire 62 stores across Carolinas and Georgia
Food Lion, based in Salisbury, N.C and a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize, has agreed to purchase 62...
IKEA’s shopping malls business plans to enter US retail market
Swedish home furnishings retailer IKEA’s shopping malls business, Ingka Centres, plans to enter the United States retail market in the coming years and is...
JCPenney files for bankruptcy
JCPenney has filed for Chapter 11 bankruptcy on Friday. The 118-year-old company announced it has entered into a restructuring support agreement(RSA) with lenders holding approximately...
April retail sales drop nearly twice as much as March during...
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when...
Retailers welcome Federal Reserve expansion of Main Street Lending Program
The National Retail Federation today welcomed the Federal Reserve’s decision to allow larger midsize businesses hit by the coronavirus pandemic to participate in its...
U.S retail industry associations unveil reopening plan
The Retail Industry Leaders Association (RILA) and the National Retail Federation (NRF), two top retail industry associations in the U.S, on Monday released a Blueprint for...
US Foods completes acquisition of Smart Foodservice Warehouse Stores
US Foods Holding Corp. (NYSE: USFD) announced that it has successfully completed the previously announced $970 million all cash acquisition of Smart Foodservice Warehouse...
