Anne D'Innocenzio

  • New York Sep 30, 2019

    Forever 21 Fashion Chain Files for Chapter 11 Bankruptcy

    Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated about...

  • Attorney Sep 17, 2019

    Purdue Pharma Begins Chapter 11 Bankruptcy Journey

    Purdue Pharma gets its day in court Tuesday after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. An initial hearing will be held in federal court in White Plains, New York, for the Chapter 11 bankruptcy case. Purdue filed for bankruptcy protection late Sunday, the first step in a plan...

  • Donald Trump Sep 14, 2019

    Saudi Arabia: Drone Attacks Knocked Out Half Its Oil Supply

    Yemen’s Houthi rebels launched drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires at a vulnerable chokepoint for global energy supplies. The drone attacks affected up to half of the supplies from the world’s largest exporter of oil, though the output should be restored within days, multiple news...

  • United States Sep 12, 2019

    Walmart Rolls Out Grocery Delivery Subscription

    Walmart is rolling out a grocery delivery subscription service this fall as it races to gain an advantage in the competitive fresh food business. The service will charge an annual membership fee of $98 for subscribers to access unlimited same-day delivery, which will be offered in 1,400 stores in 200 markets. By year-end, it will extend to a total of...

  • Twitter Sep 6, 2019

    CVS, Walgreens Urge Against Openly Carrying Guns in Stores

    Drug chains CVS and Walgreens as well as grocery chain Wegmans Food Market have joined the chorus of retailers requesting that customers refrain from openly carrying firearms in their stores even where state laws allow it. The announcements on Thursday follow similar moves by Walmart, the nation’s largest retailer, as well as Kroger earlier this week. Walmart also said it...

  • New York Aug 6, 2019

    Luxury Store Barneys Files Bankruptcy Protection, Closes Most Stores

    Barneys New York is joining the ever lengthening list of retail stores seeking protection in bankruptcy.

  • Donald Trump Jun 17, 2019

    Don’t Expand China Tariffs, US Companies Tell Trump

    What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn’t already hit with 25% import taxes? The administration, in the midst of the trade war it began with Beijing, had asked for comments on its plan to extend 25% tariffs to everything China ships to the...

  • Donald Trump May 14, 2019

    Consumers Could Be Collateral Damage If US Expands Tariffs

    For many Americans, President Donald Trump’s trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That’s roughly $300 billion worth of products on top of the $250 billion targeted earlier. “The administration’s decision to announce...

  • CEO Apr 23, 2019

    Cameras That Guess Your Age, Sex and Mood Pop Up in Walgreens, Other Retailers

    Eyeing that can of soda in the supermarket cooler? Or maybe you’re craving a pint of ice cream? A camera could be watching you.

  • Canada Apr 15, 2019

    Mainstream Retailers Embrace CBD Despite Murky Status

    Mainstream retailers are leaping into the world of products like skin creams and oils that tout such benefits as reducing anxiety and helping you sleep. The key ingredient? CBD, or cannabidiol, a compound derived from hemp and marijuana that doesn’t cause a high. Retailers are taking advantage of the booming industry even as its legal status and health benefits remain...

  • Macy's Apr 10, 2019

    Macy’s Unveils New ‘Story’ Experience in Select Stores

    A year after buying startup Story, Macy’s is bringing to life the retail concept to 36 stores in 15 states including its Manhattan flagship store.

  • CEO Apr 9, 2019

    Ghost of Toys R Us Still Haunts Toy Makers

    This year, children will have a hard time finding Uncle Milton’s glow-in-the-dark ant farm, or the gel and ant village version. Basic Fun, the parent company behind the brand, has stopped producing them and now makes just three versions — basic, giant and retro. Who’s to blame? Toys R Us. A year after Toys R Us imploded, toy makers are...

  • CEO Mar 21, 2019

    Back in Stock: Levi Strauss Returns to Wall Street With IPO

    Levi Strauss & Co., which gave America its first pair of blue jeans, is going public for the second time. The 166-year-old, San Francisco-based company, which owns the Dockers and Denizen brands, previously went public in 1971, but the namesake founder’s descendants took it private again in 1985.

  • CEO Feb 28, 2019

    JC Penney Closes More Stores After a Weak Holiday Season

    J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.

  • Puerto Rico Feb 16, 2019

    Payless ShoeSource to Shutter All of Its Remaining US Stores

    Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will...

  • CEO Feb 6, 2019

    J.C. Penney to Drop Major Appliances After a Three-Year Run

    J.C. Penney to drop major appliances after a three-year run as it goes back to focusing on clothing.

  • Attorney Jan 14, 2019

    Sears’ Chairman Stands at the Center of Fight for Company

    As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, lender, and largest shareholder —...

  • Chairman Jan 3, 2019

    Department Store Executive Blake Nordstrom Dies at 58

    Blake Nordstrom, who led the upscale department store chain Nordstrom as co-president with his brothers Erik and Peter, has died. He was 58. The Seattle-based company did not disclose the cause of death, saying Nordstrom passed away unexpectedly early Wednesday. Last month, Nordstrom said that he had been diagnosed with lymphoma, but that his cancer was treatable. Nordstrom Inc. said...

  • CEO Dec 29, 2018

    US Retailers Hope Higher Pay Will Buy More Efficient Workers

    America’s retailers, struggling to fill jobs, have been raising pay to try to keep and attract enough employees. Now, some stores want something in return: A more efficient worker. To that end, retailers, fast food restaurants and other lower-wage employers are boosting investment in technology and redesigning stores. Walmart is automating its truck unloading to require fewer workers on loading...

  • New York Nov 20, 2018

    Former Toys R Us Workers to Get $20 Million in Hardship Fund

    Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in June.

  • CEO Oct 15, 2018

    Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt

    Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which started as a mail order catalog in the 1880s, has been on...

  • Canada Oct 3, 2018

    5 Tips for Saving Money and Time on Halloween Costumes

    Shopping for Halloween costumes doesn’t have to be scary. This year, shoppers can find more ways to save time and money. Discounters like Walmart and Target are expanding their costume offerings and creating designated sections where customers can find more of their Halloween needs in one place. And for the first time, Party City is offering an assortment of Halloween...

  • Donald Trump Sep 6, 2018

    Trump Poised to Tax an Additional $200B in Chinese Imports

    The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world’s two biggest economies and likely squeezing U.S. companies that import everything from handbags to bicycle tires. The administration could decide to begin taxing the imports — equal to nearly 40 percent of...

  • CEO Aug 30, 2018

    Shoppers Are in the Mood to Spend. Here’s Why

    The store isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend. What’s driving it? A booming economy and companies’ own efforts to try to Amazon-proof their businesses. That means making their stores more pleasant, updating their websites and speeding...

  • NBC Aug 8, 2018

    Back-to-School Supplies Get Revamp, From Scents to Llamas

    The microwave ate my homework? Reusable notebooks where writing disappears with heat are among the basic school supplies raising their game against gadgets like iPads. Also hot in the paper aisle this year: Decorative tape, creative journals and scented pencils in smells like bacon and pickle. “There’s an explosion of innovation and fun” in school supplies, said Scott Bayles, vice...

  • Donald Trump Jul 12, 2018

    A New Round of Proposed Trump Tariffs Would Hit US Consumers

    Now consumers are in the cross-hairs. Americans could soon find themselves paying more for goods they might not have known were imported from China. It’s a potential consequence of a new round of tariffs the Trump administration is proposing to slap on Chinese imports as soon as September. And it marks a new phase in the U.S. trade war with...

  • Donald Trump Jun 2, 2018

    From Distillers to Farmers, Trade War Would Cause Casualties

    If a trade war is coming, the cheesemakers of Wisconsin are standing in the line of fire. So are the farmers of the Great Plains and the distillers of Kentucky. And the employees of iconic American brands like Harley-Davidson and Levi Strauss. The likelihood of a trade conflagration leapt closer to reality this week after the United States imposed tariff...

  • Macy's Jun 1, 2018

    Beauty Battle: Department Stores Making Over Cosmetics Aisles to Win Over Millennials

    It’s the beauty aisles themselves getting makeovers now. Department stores are being forced to rethink how they sell higher-end makeup and perfume as competition intensifies from discounters like Target, specialty chains like Sephora and Ulta and online brands. So stores like Saks and Macy’s are promising workouts for your face, augmented reality and beauty treatment concierges as they try to...

  • United States May 30, 2018

    Walmart Offers Employees New Perk: Cheap Access to College

    Walmart is offering its employees a new perk: affordable access to a college degree. America’s largest private employer, which in the past has helped its workers get their high school or equivalency degrees, hopes the new benefit will help it recruit and retain higher quality entry-level employees in a tight U.S. labor market. The company is working with Denver-based startup...

  • CEO May 30, 2018

    Need an Entry-Level Job at a Store? It Can Be Harder Now

    Getting a job at a store or fast-food restaurant — often a way into the economy for an unskilled worker — used to be as simple as walking up and down the mall and applying. Now, with store chains closing and laying off thousands of workers, that path is more complicated. The stores that remain financially healthy are actually raising...

  • 911 May 29, 2018

    Starbucks Closes 8,000 Shops Tuesday for Anti-Bias Training

    Turning away customers looking for an afternoon jolt of caffeine, Starbucks shops across the U.S. closed up early on Tuesday to hold training for employees on recognizing hidden prejudices.

  • 911 May 29, 2018

    6 in 10 Americans Say Racism Remains Major Problem: Poll

    Sixty-four percent of Americans believe racism is still a major problem in our society while 30 percent said racism exists today but isn’t a major problem, according to a new NBC News|SurveyMonkey poll. The poll coincides with the airing on Tuesday night of an MSNBC town hall called “Everyday Racism in America” on racial bias in the country. It was...

  • Florida Mar 15, 2018

    Toys R Us’ Likely Liquidation Will Have a Ripple Effect

    The likely liquidation of Toys R Us, the nation’s largest independent toy seller, could add stress for the companies that make toys and games, and mean changes for the owners of the strip malls where most of its stores are. Not to mention its impact on more than Toys R Us’s 30,000 U.S. workers

  • Florida Mar 15, 2018

    Toys R Us’ Likely Liquidation Will Have a Ripple Effect

    The likely liquidation of Toys R Us, the nation’s largest independent toy seller, could add stress for the companies that make toys and games, and mean changes for the owners of the strip malls where most of its stores are. Not to mention its impact on more than Toys R Us’s 30,000 U.S. workers

  • China Mar 14, 2018

    Walmart’s Online Same-Day Grocery Ready for Prime-Time

    Walmart is expanding its same-day online grocery delivery service to more than 40 percent of U.S. households, or 100 metro areas, by year-end as it tries to keep pace with online leader Amazon.com. The service is currently available in six markets. Tom Ward, vice president of Walmart’s digital operations, says the retail giant is powering the expansion of its same-day...

  • Donald Trump Dec 26, 2017

    US Industries Can Start Counting Their Benefits From Tax Law

    Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo. The tax measure that President Donald Trump signed into law Friday distributes benefits across a range of American industries,...

  • Best Buy Dec 25, 2017

    Shoppers Spending More May Made the Season Merry for Retailers

    Shoppers who were feeling good about the economy and spending more than expected on items like kitchen gadgets, toys and coats may have made this the best holiday season in several years. That’s good news for retailers, some of which have had few reasons of late to be merry. But there’s no question that stores need to keep adapting to...

  • New Jersey Dec 16, 2017

    With Christmas Nearing, Retailers Feel Pressure to Deliver

    A calendar quirk this year and Amazon’s seven-days-a-week delivery capability are building pressure on retailers to deliver. With Christmas on a Monday, most retailers have one less day to get packages delivered on time. Some are pushing up their deadlines for standard delivery or free shipping. And after promoting the convenience of buying online with store pickup, retailers are also...

  • CEO Dec 7, 2017

    Walmart Dropping Hyphen From Its Legal Name in Shift to Web

    Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon’s increasing dominance. The world’s largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc. It said the move underscores its growing emphasis on serving shoppers in...

  • Best Buy Nov 30, 2017

    Holiday Shopping Trends: Deals, Some Impulse Buying, ‘Robust’ Spending

    As shoppers have bought TVs and toys so far this holiday season, they’ve shown a desire for deals but also an inclination for some impulse spending, retail experts say. Shoppers were on track to spend more compared to last year. The National Retail Federation trade group called spending so far “robust,” and reiterated its forecast that holiday sales will rise...

  • New Jersey Nov 25, 2017

    Shoppers Out Seeking Deals, Though Sales Have Crept Earlier

    Parking lots were full and shopping bags were plentiful in some places Saturday as holiday gift-seekers were out looking for bargains, even as the competition among retailers to offer earlier deals and snag customers first has pulled sales forward. At the Woodbury Common outlets north of New York City, retail expert Craig R. Johnson was impressed by how many people...

  • CEO Nov 20, 2017

    Amazon Goes Into the Holidays With Magnified Store Presence

    Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets. The online retailer now has more than a dozen Amazon Books stores, which also sell toys, electronics and small gifts. Kohl’s has carved out space for Amazon shops in 10 of its department stores....

  • CEO Nov 14, 2017

    Amazon or Walmart? Some Retailers Are Choosing Alliances

    Store chains feeling the upheaval in retail are making strategic alliances — and that can mean picking sides. Kohl’s shoppers can find Amazon devices at some stores, and return items they bought from the online retailer. Nike has made some of its sneakers available through Amazon. The owner of Sears is selling Kenmore-branded appliances on Amazon in some markets. And...

  • CEO Oct 27, 2017

    Fit or Miss? Retailers Offering New Tools for Online Shoppers

    Stores watching Amazon take a larger share of clothing sales are trying to solve one of the most vexing issues for online shoppers: Finding items that fit properly. The retailers are unleashing tools that use artificial intelligence to replicate the help a salesperson at a store might offer, calculate a shopper’s most likely body shape, or use 3D models for...

  • CEO Sep 25, 2017

    Target to Boost Its Minimum Wage to $15 by 2020’s End

    Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it better recruit and retain top-quality staff and provide a better shopping experience for its customers. The initiative, announced Monday, is part of the discounter’s overall strategy to...

  • San Francisco Sep 6, 2017

    Gap to Shift Focus to Old Navy, Athleta Stores

    Gap Inc. plans to shift its focus to its growing Old Navy and Athleta stores, and away from the Gap and Banana Republic brands....
    The company said Wednesday it will close about 200 Gap and Banana Republic stores in the next three years and open about 270 Old Navy and Athleta locations during the same period....
    Lower-priced Old Navy has been a...

  • United States Aug 23, 2017

    Walmart Dives Into Voice-Activated Shopping With Google

    Walmart is diving into voice-activated shopping. But unlike online leader Amazon, it’s not doing it alone. The world’s largest retailer said Wednesday it’s working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant. The capability will be available in late September. It’s Google’s biggest retail partnership — and the...

  • spokesman Jun 2, 2017

    Sears Says Some Kmart Stores Targeted by Hackers

    Some Kmart stores were targeted by hackers, leading to unauthorized activity on some of its customers’ credit cards, the retailer’s parent company said. Sears Holdings Corp. said in a blog post late Wednesday that Kmart’s store payment systems were recently infected with virus-like computer code undetectable by current anti-virus systems. It said some credit card numbers were stolen. A Sears...

  • CEO May 17, 2017

    Target’s First-Quarter Profits Jump Nearly 8 Percent

    Target’s first-quarter profit rose almost 8 percent as attempts to turn its business around appear to be gaining some traction. Sales at established stores fell for the fourth consecutive quarter, but the decline was less than expected, and online sales surged 22 percent. While the good pieces of news sent shares up more than 2 percent in midday trading Wednesday,...

  • Los Angeles Mar 20, 2017

    Target Revamps Stores for Those in a Rush, Those Who Ramble

    In a move to bring shoppers back to its stores, Target is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.

  • The Associated Press Mar 16, 2017

    Target is Counting on Victoria Beckham to Spice up Sales

    Target is counting on Victoria Beckham to spice up sales. The pop-star-turned designer and Target teased looks Wednesday from a limited-time collaboration that go on sale next month, highlighting hot-pink pants suits and whimsical black-and-white dresses. The 200 items priced from $6 to $70 also include tops, trousers and rompers for women, as well as some matching children’s items. It’s...

  • Macy's Feb 24, 2017

    Plano-Based J.C. Penney Company to Close 13-14 Percent of Stores

    J.C. Penney Company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping.

  • Macy's Nov 23, 2016

    4 Trends for the 2016 Holiday Shopping Season

    As the 2016 holiday shopping season kicks off, the trends to watch for include some that are a bit wacky, like sweaters that bring “comic relief” and this year’s “it” toy, an egg that hatches into a bird-like creature.

  • Donald Trump Nov 23, 2016

    Splurge or Save? Holiday Spending May Hinge on How You Voted

    A divisive election that left half the country deflated and the other half rejuvenated could reverberate through the holiday shopping season in the kind of gifts people are giving or how much they spend. Some retailers say they have seen a surge in feel-good items such as spa treatments, candles and comfort food, while executives at some major retailers like...

  • Jennifer Millman Oct 17, 2016

    Macy’s to Open an Hour Earlier on Thanksgiving Day

    Macy’s is staying committed to Thanksgiving Day shopping, saying it’ll open an hour earlier this year.

  • CEO Aug 8, 2016

    Wal-Mart Buying Online Retailer Newcomer Jet.com for $3.3 Billion Cash, Stock

    Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. Wal-Mart is paying $3 billion in cash and another $300 million in stock. The deal announced Monday underscores how serious Wal-Mart is about igniting its online business.

  • New York Sep 29, 2015

    Ralph Lauren to Step Down as CEO, Successor Named

    Ralph Lauren is stepping down as CEO of the fashion and home decor empire that he founded nearly 50 years ago.

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