Apparel Retailer J.C. Penney Will Now Accept Apple Pay
Big day for the retail sector! On July 24, apparel retailer J.C.Penney announced that its stores nationwide will now accept Apple Pay (NASDAQ:$AAPL). “As part of its focus on creating an easy and seamless customer ... [Read]
Blue Apron’s Stock Increased 12% After Analyst Recommendations
If you’re a retail investor, you should know what’s been happening in the sector as of late. On Monday, Blue Apron’s stock (NYSE:$APRN) increased by 12% after analysts gave a thumbs up for its prospects. ... [Read]
Sears Has Borrowed $200 Million From It’s CEO
It seems that Sears Holdings (NASDAQ:$SHLD) has been given another lifeline. The Illinois-based company has borrowed even more money from CEO Eddie Lampert’s ESL Investment hedge fund – $200 million to be exact. Following the ... [Read]
10 Retailers That Are Closing Hundreds of Stores in 2017
It shouldn’t come as a total surprise to hear that the retail sector has been crumbling as of late. As more Americans start to do their shopping online instead of at a store, conventional retailers ... [Read]
The Retail Sector is Likely to Benefit From Back-To-School Shopping
As we approach September, University students are starting to think about back-to-school shopping. And it seems like they’re planning on spending more than ever this year. According to the National Retail Federation’s annual survey, back-to-university ... [Read]
This is Why Abercrombie & Fitch’s Stock Dropped 21% Today – July 10, 2017
Once famous teen retailer Abercrombie & Fitch (NYSE:$ANF) saw its stock fall by about 21% on July 10, 2017. The plummet in price can be largely attributed to the retailer’s termination of a deal to ... [Read]
Sears Holdings Announces Yet Another Round of Store Closures
Just a week ago, Sears Holdings (NASDAQ:$SHLD) announced it was closing 20 stores in addition to the 265 it had already closed this year. Today, on July 7, 2017, the retail company announced that it ... [Read]
Sears Holdings Shares Took Another Plunge Today
On July 6, Sears Holdings Corp. (NASDAQ:$SHLD) shares took a plunge as the recent rally that held up the stock stumbled to a halt amongst pessimistic reports about the company and the entire department store ... [Read]
These Retail Companies Have Faced Some of The Most Store Closures in 2017
Not a lot of other industries in the market have struggled as much as the retail industry so far this year. According to finance management company Credit Suisse (VTX:$CSGN), more than 8,000 stores in total ... [Read]
Sears Closes 20 Additional Stores In the Wake of Retail Industry Crisis
If the struggles of the retail industry haven’t been evident enough by Amazon’s (NASDAQ:$AMZN) acquisition of Whole Foods (NASDAQ:$WFM), retail giant Sears Holdings (NASDAQ:$SHLD) just announced that it is closing another 20 if its stores ... [Read]