Private equity firm to acquire Walgreens for just under $10 billionWalgreens is being acquired by Sycamore Partners for $11.45 per share to facilitate its turnaround after years of financial struggles.
These 12 Walgreens stores in San Francisco are closingWalgreens will close twelve locations in San Francisco due to regulatory pressures and financial challenges, with closures expected by late February.
Private equity firm to acquire Walgreens for just under $10 billionWalgreens is being acquired by Sycamore Partners for $11.45 per share to facilitate its turnaround after years of financial struggles.
These 12 Walgreens stores in San Francisco are closingWalgreens will close twelve locations in San Francisco due to regulatory pressures and financial challenges, with closures expected by late February.
Pulse check: 6 months of Brian Niccol's 'Back to Starbucks' planBrian Niccol is implementing a turnaround strategy at Starbucks, focusing on enhancing customer experience and addressing operational challenges.
Bike Shop Owner Vents Frustrations While Riding in UtahThe bike industry is negatively affecting small shops, leading to closures and loss of community support.
Shop Talk: 7-Eleven closes at San Pablo and University; Chase opens bank branch on Gilman StreetThe closure of the 7-Eleven highlights the ongoing challenges and controversies facing businesses in Berkeley's community.
Staples Adds Single-Use Batteries and Schools Supplies Recycling ServicesStaples enhances recycling program amid store closures, accepting batteries and school supplies, confirming commitment to environmental responsibility.
Antidote to online: Germany's one-stop wellness shops get ready for ChristmasGerman retailers like Reformhaus adapt amid increasing competition from discounters and changing consumer behaviors, while maintaining their commitment to wellness and sustainability.
Staples Adds Single-Use Batteries and Schools Supplies Recycling ServicesStaples enhances recycling program amid store closures, accepting batteries and school supplies, confirming commitment to environmental responsibility.
Antidote to online: Germany's one-stop wellness shops get ready for ChristmasGerman retailers like Reformhaus adapt amid increasing competition from discounters and changing consumer behaviors, while maintaining their commitment to wellness and sustainability.
Montreal fashion brand Frank and Oak, over $70M in debt, files for creditor protection | CBC NewsFrank and Oak seeks creditor protection again, burdened by $71 million in debt.The brand faces ongoing challenges from COVID-19, slow consumer spending, and competition.Restructuring efforts aim to preserve the business and jobs while seeking an investor.
Council moving toward taxing landlords of vacant buildingsSupport for a vacancy tax in Palo Alto is rising as a means to revitalize downtown and lower rents for property owners.
West Elm, a large store downtown, is closingWest Elm is closing its Palo Alto store, creating a significant vacancy in the downtown area, which is already struggling with business challenges.
Council moving toward taxing landlords of vacant buildingsSupport for a vacancy tax in Palo Alto is rising as a means to revitalize downtown and lower rents for property owners.
West Elm, a large store downtown, is closingWest Elm is closing its Palo Alto store, creating a significant vacancy in the downtown area, which is already struggling with business challenges.
Is Walmart Spying on Shoppers?Walmart uses body cameras to protect workers from harassment and theft, responding to a significant retail loss prevention challenge.
Marketing plans are key for small businesses ahead of a tough holiday shopping seasonSmall businesses must proactively market and engage with customers to succeed during the challenging holiday season.
As GST break approaches, small businesses prepare for a tax holiday headache | CBC NewsSmall retailers are preparing for a chaotic GST holiday, balancing potential sales boosts against the complexities of tax compliance.
Fabric Outlet to close in November after nearly 30 yearsFabric Outlet will close on Nov. 23 after decades of operation, largely due to declining business since the pandemic.A closing sale will feature significant discounts on items, with an emphasis on early customer attendance.
This Survey Reveals What's Working for Small Businesses Right Now | EntrepreneurSmall businesses are resilient and significantly impactful in their communities.
Marketing plans are key for small businesses ahead of a tough holiday shopping seasonSmall businesses must proactively market and engage with customers to succeed during the challenging holiday season.
As GST break approaches, small businesses prepare for a tax holiday headache | CBC NewsSmall retailers are preparing for a chaotic GST holiday, balancing potential sales boosts against the complexities of tax compliance.
Fabric Outlet to close in November after nearly 30 yearsFabric Outlet will close on Nov. 23 after decades of operation, largely due to declining business since the pandemic.A closing sale will feature significant discounts on items, with an emphasis on early customer attendance.
This Survey Reveals What's Working for Small Businesses Right Now | EntrepreneurSmall businesses are resilient and significantly impactful in their communities.
Chancellor's Budget, costs and sales has cost Poundland 640 million - London Business News | Londonlovesbusiness.comPoundland reported a £640 million hit from costs and a £457 million pre-tax loss, signaling a major decline in performance.
Moonpig slips into loss after 50m write-down hits experiences divisionMoonpig faces significant challenges due to consumer hesitancy towards premium-priced gifts, resulting in a substantial financial loss.The company is transforming its experiences division to introduce more affordable options as a response to market conditions.
Chancellor's Budget, costs and sales has cost Poundland 640 million - London Business News | Londonlovesbusiness.comPoundland reported a £640 million hit from costs and a £457 million pre-tax loss, signaling a major decline in performance.
Moonpig slips into loss after 50m write-down hits experiences divisionMoonpig faces significant challenges due to consumer hesitancy towards premium-priced gifts, resulting in a substantial financial loss.The company is transforming its experiences division to introduce more affordable options as a response to market conditions.
At Thanksgiving Time, It's Raining on Macy's ParadeMacy's is facing significant challenges beyond weather concerns, including a major accounting error and declining sales.The Thanksgiving Day Parade is an essential promotional event for Macy's despite internal issues.
Allan Leighton returns to Asda as chair, succeeding Stuart RoseAllan Leighton has been appointed as Asda's new chair to lead an essential transformation amid declining sales and an IT overhaul.
Halfords set to take a 23m hit from the Budget and could raise garage repair prices - London Business News | Londonlovesbusiness.comHalfords is anticipating a £23 million impact from recent wage increases, potentially leading to higher garage service prices.
OneRail's software helps solve the last-mile delivery problem | TechCrunchMost retailers face significant challenges with last-mile delivery due to costs and technical issues.
Target shares plummet in premarket trade as it posts disappointing earnings and cuts guidanceTarget's Q3 earnings missed expectations, leading to a 17% drop in shares and a cut to full-year financial guidance.
CVS shakeup: Stock tumbles on abrupt news that David Joyner will replace CEO Karen LynchCVS Health's leadership change is aimed at addressing recent struggles and advancing its operations amidst market challenges.
Target shares plummet in premarket trade as it posts disappointing earnings and cuts guidanceTarget's Q3 earnings missed expectations, leading to a 17% drop in shares and a cut to full-year financial guidance.
CVS shakeup: Stock tumbles on abrupt news that David Joyner will replace CEO Karen LynchCVS Health's leadership change is aimed at addressing recent struggles and advancing its operations amidst market challenges.
These small Toronto businesses say they're already losing sales since Canada Post strike began | CBC NewsThe Canada Post strike is negatively affecting the online sales of small businesses, leading to concerns about lost revenue during a crucial shopping period.
Some independent luxury brands are weighing selling up to surviveIndependent luxury brands are under pressure to seek investment or sell amid a challenging market.
Advance Auto Parts is closing 500 stores and shedding 200 independent locations to try to turn its business aroundAdvance Auto Parts is closing more than 500 stores to improve business performance amidst declining sales and financial losses.
Get ready for 2025 with insights from industry leaders | MarTechRetailers must embrace advanced technology and data to thrive by 2025.
It's a tough time in retail - and CEO heads keep rollingThe retail landscape post-pandemic is challenging, prompting significant CEO turnover as companies seek better performance amid changing consumer behavior.
The end of convenience: What the downfall of Walgreens means for AmericaPharmacies face significant challenges from e-commerce and changing consumer behavior, leading to a decline in their traditional business model.
It's a tough time in retail - and CEO heads keep rollingThe retail landscape post-pandemic is challenging, prompting significant CEO turnover as companies seek better performance amid changing consumer behavior.
The end of convenience: What the downfall of Walgreens means for AmericaPharmacies face significant challenges from e-commerce and changing consumer behavior, leading to a decline in their traditional business model.
It's the first day for Nike's new CEO. He has a long road ahead.Elliott Hill begins as Nike's CEO amidst declining sales, emphasizing innovation to address challenges and reduce reliance on retro products.
'Please don't': Jenna Ortega is asking TikTokers to stop messing with Wednesday Addams dollsJenna Ortega addressed the viral TikTok trend of flipping her character's doll hair, urging fans to stop.
Why Your Pharmacy Experience Is MiserablePharmacies are facing unprecedented challenges, leading to significant drops in customer satisfaction and operational difficulties for both independent and chain pharmacies.
Step inside this legendary shop full of handmade costumes while you still canUrsula Boschet's legendary costume shop in Los Angeles is closing due to online competition, high costs, and her desire to retire.
Littler India: why Britain's south Asian garment stores are strugglingThe south Asian high street in Britain is facing challenges due to decreased wedding costs and changing consumer preferences.
Shoplifting hits record high in England and WalesShoplifting offences in England and Wales have reached a 20-year high, with police recording over 430,000 incidents, up by a third from the previous year.
'Influencers are not cutting it': Overheard at the Modern Retail Commerce SummitRetailers face challenges balancing cash flow and customer acquisition costs.