Department Stores

News

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources
Reuters

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter … more…

Sears chairman's takeover proposal faces moment of truth
Reuters

Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or… more…

Mike Ashley circles HMV buyout as it teeters on the edge
The Guardian (AU)

Brexit uncertainty, falling DVD sales and competition from Amazon and supermarkets have bled retailer dry Mike Ashley is considering a rescue bid for HMV, the music and film retailer that collapsed into administration last month. The Sports Direct boss is und… more…

‘We have always had a Marks & Spencer here. It's very sad’
The Guardian (AU)

Shoppers across the UK react to the news that their towns are losing an old favourite A branch of Marks & Spencer is still a badge of pride for high streets around the country – often one of the biggest and best-sited stores in town.. But the rise of online s… more…

From ‘new look’ to royal appointment: the Christian Dior legacy
The Guardian (AU)

A major new exhibition at the V&A showcases the fashion pioneer’s brilliance and his love affair with all things British Fashion is an expression of faith. In this world of ours, that seeks to give away its secrets one by one, that feeds on false confidences … more…

Less beef, more beans: Experts say the world needs a new diet
Business Insider

Sarah Schmalbruch/INSIDER One hamburger a week is as much red meat people should eat to do what's best for their health and the planet, according to a report seeking to overhaul the world's diet. Eggs should also be limited to fewer than about four a week. Da… more…

Sears set to stay open after last ditch bid prevents liquidation, sending shares surging
Business Insider

126-year-old retailer Sears has grabbed a lifeline after billionaire hedge-fund manager Edward Lampert won a bankruptcy auction. The result means that around 400 stores will stay open following a $5.2 billion bid. Sears filed for protection from creditors in … more…

Fast food is getting more expensive as minimum wages rise
Business Insider

Chains including Chipotle, Texas Roadhouse, and Habit Burger have recently mentioned plans to explore raising prices. The cost of eating out is expected to rise by 2 to 3% in 2018, after growing 2.8% in 2018, according to US Department of Labor data. The risi… more…

People are outraged after bystander video emerges showing a 6-foot-5, 250-pound white man punching an 11-year-old black girl in the face
Thisisinsider.com

David Steven Bell, 51, was arrested on Saturday on a charge of assaulting a child under the age of 12. Video surfaced over the weekend, appearing to show Bell pushing and then punching an 11-year-old black girl in the face outside the Asheville Mall in North … more…

Attorney for the white man who was filmed punching an 11-year-old black girl says he suffers from PTSD and felt threatened by the 'pack of youths'
Thisisinsider.com

David Steven Bell, 51, was arrested over the weekend on assault charges after video surfaced showing him punching an 11-year-old black girl in the face outside the Asheville Mall in North Carolina. Video of the assault quickly went viral online, sparking wide… more…

Arizona police shot and killed 14-year-old boy carrying an airsoft gun - USA TODAY
Azcentral.com

Arizona police shot and killed 14-year-old boy carrying an airsoft gun USA TODAY A burglary suspect shot and killed by Tempe police Tuesday was a 14-year-old boy who was carrying an airsoft gun, the department said Wednesday. View full coverage on Google News more…

As Sports Direct chases dying stores, JD wins athleisure race
The Guardian (AU)

Mike Ashley’s obsession with Debenhams means Sports Direct shares have dived and he’s losing out in sports sector Compare and contrast. One of the UK’s sporting goods retailers, Sports Direct, seems to want to act as undertaker to the UK’s department store se… more…

Debenhams rating cut raises fears of creditors going unpaid
The Guardian (AU)

Department store chain faces new difficulties refinancing debts after Moody’s downgrade Credit agency Moody’s has said Debenhams will struggle to refinance its debts without raising new funds from shareholders as it warned creditors of a higher risk they woul… more…

Measles strike the unvaccinated in Washington
Boingboing.net

Unvaccinated children exposed to the measles are catching and spreading the highly contagious disease in Washington's Clark County, JUST LIKE YOU WOULD EXPECT. The Oregonian : A measles outbreak in southwestern Washington state has grown to 16 confirmed cases… more…

Measles warning in Los Angeles, New York outbreak surges
Boingboing.net

Anti-vaxxers are winning the war on life. Measles outbreaks are happening with increasing frequency. US News and World Report : In late December, one person who was sick with the highly contagious viral infection visited several stores and restaurants in Mali… more…

Read the privacy demands that Amazon-investing nuns sent to Jeff Bezos
Fastcompany.com

A group of investors joined activists and employees in calling for Amazon to halt government sales of face recognition until it can ensure the technology is safe. Amazon’s face recognition software is under fire from human rights groups, employees, and a grow… more…

Read the privacy demands that Amazon-investing nuns sent to Jeff Bezos
Fastcompany.com

A group of investors joined hundreds of employees in calling for Amazon to halt government sales of face recognition until it can ensure the technology is safe. Amazon’s face recognition software is under fire from human rights groups, employees, and a growin… more…

Sears Could Stay Open Thanks to a $5 Billion Bankruptcy Auction Bid
Time

Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the bankrupt retailer in business and save jobs. more…

Perdue recalls chicken nuggets due to wood contamination
ABC News

Get breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news. more…

Arizona police shot and killed 14-year-old boy carrying an airsoft gun
Azcentral.com

A burglary suspect shot and killed by Tempe police Tuesday was a 14-year-old boy who was carrying an airsoft gun, the department said Wednesday. more…