Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.
Read More Big Lots Announces Filing For Chapter 11 Bankruptcy
The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.
Read More FTC Vs. Kroger-Albertsons Merger Case Heading To Trial
Over 9,500 cases of apple juice sold at Walmart stores across the United States are being recalled due to an elevated level of “inorganic arsenic,” the Food and Drug Administration (FDA) announced earlier this month.
Read More Walmart Issues Recall Of Apple Juice Sold In 25 States Due To Elevated Arsenic Levels
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Read More US FTC’s bid to block Kroger-Albertsons merger heads to trial
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Read More Target raises 2024 profit forecast as price cuts draw shoppers
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries