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September 17, 2015 at 12:54 pm
The papal visit is adding up to more trouble for bankrupt A&P. The grocery store chain delayed the auction of its stores by a week, to Oct. 1 and 2, citing “potential logistical complications arising from Pope Francis’ scheduled visit to New York later this month,” according to a court filing. Originally set for Sept. 24 and…
September 17, 2015 at 12:47 pm
Under Armour Inc., providing a long-range outlook to shareholders at its investor day meeting, expects to reach $7.5 billion in revenue by 2018, lifted by an expansion into new markets. While that figure is in line with analysts’ estimates, the company said on Wednesday that it’s outpacing its internal forecasts. Under Armour now expects to…
September 17, 2015 at 12:33 pm
Wal-Mart’s head of mobile and digital has joined PepsiCo to lead a big e-commerce push for the maker of Doritos potato chips and Pepsi-Cola. Gibu Thomas, who helped to drag Wal-Mart into the digital age and spearheaded the launch of its Silicon Valley tech shop @WalmartLabs, quietly left the mega-retailer and started at PepsiCo this…
September 17, 2015 at 11:46 am
A group of pharmacy workers within Target Corp's store in Brooklyn, New York, have won a vote to form a microunion, making it the first unionized store at the retailer since its inception in 1902. Earlier on Wednesday, Reuters was first to report that a group of pharmacists and pharmacy technicians won an initial ballot,…
September 16, 2015 at 11:54 am
Last year, George Zimmer was ousted from Men’s Wearhouse, the company he founded. His latest startup, an online tailoring platform, isn't doing so well. But now, Mr. Zimmer is sure he has a winner. On Tuesday, the graybeard ambassador of affordable suits unveiled his newest venture, Generation Tux, a website for tuxedo rentals.
September 16, 2015 at 11:42 am
U.S. supermarket chain Albertsons Companies Inc is moving ahead with plans for an initial public offering in late September or early October that could value it as much as $24 billion, including debt, according to people familiar with the matter. The determination of Albertsons' majority owner, private equity firm Cerberus Capital Management LP, to carry out…
September 16, 2015 at 11:24 am
At "Whole Paycheck," a cup of Joe now only costs a quarter. Without much fanfare, Whole Foods recently launched a special discount aimed at energizing customers — and sales, of course. The deal, valid through the end of September, offers 12-ounce cups of brewed coffee at Whole Foods for just 25 cents apiece. The price is…
September 16, 2015 at 10:57 am
Walgreens just announced an official partnership with on-demand startup Postmates to offer same-day delivery for, initially, a flat delivery fee of $4.99. The on-demand delivery service via Postmates will be available at 600 Walgreens (known as Duane Reade in some parts of the U.S.) stores throughout the country. Postmates has always offered on-demand deliveries of items…
September 16, 2015 at 10:32 am
Toys"R"Us says it won't hire as many holiday season employees as it did last year, but the toy and baby products retailer says it will give current employees and seasonal workers a chance to work more hours. The company said it plans to hire 40,000 people to work at its stores and distribution centers around the…
September 15, 2015 at 6:52 pm
Apple Music is getting a little bit of luxury. Burberry, the high-end fashion retailer, said on Monday that it was starting a channel on Apple Music, the streaming music service. The channel will feature performances, songs and films that have come out of Burberry’s work with British artists. The deal is the first collaboration between the two…
