retail

More Michigan Kmart Stores Scheduled to Close in 2018

More Michigan Kmart Stores Scheduled to Close in 2018

Liquidation sales will start next week at the 103 Sears, Kmart and Sears Auto Center stores that the shared parent company plans to close. Sears Holdings Company [NASDAQ: SHLD] announced to employees on January 4 that it would close 64 Kmart stores and 39 Sears […]

CVS expects $1.2B increase in annual net income from tax bill

CVS expects $1.2B increase in annual net income from tax bill

CVS announced Dec. 3 it agreed to buy Aetna in a $69 billion deal. It remains unclear how the massive plan to combine the retail pharmacy giant with Aetna’s insurance business will play out, with the deal still having to withstand antitrust scrutiny from federal […]

A hammer with a banana? Kroger may partner with hardware chain Ace.

A hammer with a banana? Kroger may partner with hardware chain Ace.

Kroger continues to look beyond its core grocery business for growth. After diving into meal kits, serving up its first restaurant and announcing last fall that it would start its own clothing line, the Cincinnati-based retailer may diversify further into hardware sales. Should this partnership […]