Finance

Macy’s & Bloomingdales set to debut smaller non mall locations

Macy's is wagering shopping malls will make it. But only the very best shopping centers. And so it's seeking to grow elsewhere. "We continue to believe that the best malls in the country will thrive," Chief Executive Jeff Gennette told...

DraftKings Teaming up with NBA Legend Michael Jordan sends shares soaring

Shares of DraftKings jumped 13% in premarket trading after the business stated Michael Jordan is joining the wagering company as a special advisor to the board of directors. Jordan, a member of the National Basketball Association Hall of Fame, will...

Macy’s impressive online sales drives share upward despite reporting loss

Macy's got a bigger-than-expected boost online during the latest quarter, even as its stores started to resume throughout the pandemic. The department store operator's digital sales rose 53% from a year previously, as more consumers visited its website to buy...

J.C. Penney sale gets held up, moves the retailer to the edge of collapse

J.C. Penney Co Inc's talks with landlords for lending hand in bankruptcy procedures reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lending...

AMC Theaters sells off several baltic region locations due to pandemic struggles

AMC Entertainment, the biggest cinema chain in the United States, is selling off 9 cinemas in the Baltic region as the pandemic squashes sales. The company on Monday revealed that it has signed an offer to part ways with 9...

Golden Gate Capital Sells Remaining Stake in Red Lobster to Thai Union

Golden Gate Capital today revealed that it has agreed to sell its remaining equity stake in Red Lobster Seafood Co. (" Red Lobster") to a consortium consisted of existing Red Lobster investor Thai Union Group PCL (BKK: TU) ("...

McDonald’s hits back at former CEO for being a Unethical Business Man

McDonald's knocked former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he ought to have to defend his conduct in court. More than 2 weeks back, Easterbrook asked the Delaware court to dismiss the case submitted...

United Airlines ditches change fees in efforts to generate more customers

United Airlines said on Sunday it is completely eliminating change fees on tickets for U.S. travel effective immediately, the current effort by a U.S. airline company to attempt to promote bookings struck by the pandemic. Chicago-based United is amongst the...

Kings Super Market finds a new buyer after filing chapter 11

The company that owns Kings Food Markets, a North Jersey-based chain of grocery stores, applied for Chapter 11 on Aug. 23 as it accepted a bid to be acquired by an equity capital company, authorities said. The company, TLI Bedrock,...

Abercrombie & Fitch surprises with online sales up 56 percent

Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and outstanding online earnings development of 56% throughout the pandemic. Its stock was just recently trading up more than 9%. Although total sales were...
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Shooter’s GF Aolani Pettit arrested in the Cannon Hinnant case

A second individual has been detained and charged in the fatal shootng of a Wilson 5-year-old back in August. Wilson...
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Kim Kardashian Praises JoJo Siwa For Being TIME’s 100 Most Influential People of 2020

JoJo Siwa secured a spot-on TIME's list of 100 Most Influential People of 2020. Kim Kardashian congratulated the Dance Moms Alum. The SKIMS CEO paid...

Dakota Johnson Asks For Better Treatment of Hollywood Assistants

The Fifty Shades of Grey Actress calls Rude Behaviour towards Assistants ‘Boring and Sad’ Dakota Johnson called for better treatment of Hollywood assistants. While talking...

Snipes Teams up with Puma to encourage voting in the 2020 Election

Today, on National Voter Registration Day, SNIPES USA and PUMA are debuting technologies in all 95 Snipes retail locations to make voter registration easy...

Here is Kyle Rittenhouse Lawyer’s video proof his client acted in self defense

A lawyer for thought militia member Kyle Rittenhouse-- who is accused of fatally shooting 2 protesters and wounding a third at a Black Lives...