Content about Bloomberg

September 29, 2014

A group of U.K. retailers led by W.M. Morrison Supermarkets plc is reportedly seeking to extend the time period for which it can claim antitrust damages against MasterCard from 2006 to 1992.

September 25, 2014

Quick-service chain Jimmy John’s Gourmet Sandwiches reportedly had customer credit card information stolen from its payments systems at 216 of its 2,000 stores by hackers.

September 8, 2014

Chinese e-commerce giant Alibaba Group Holding Ltd. has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) that media reports indicate could be worth as much as $24.3 billion, making it the biggest U.S. initial public offering ever.

July 31, 2014

A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

July 2, 2014

The Securities and Exchange Commission (SEC) is reportedly investigating whether Target Corp. adequately protected its data and informed shareholders about the possible consequences relating to its fall 2013 data breach, according to Bloomberg.

July 1, 2014

Apple Inc. is planning to open six new stores in China, judging by advertisements for store managers the company has posted on its Chinese website, Bloomberg reported.

June 26, 2014

China's Alibaba Group Holdings plans to list its shares on the New York Stock Exchange, Bloomberg reported.

June 17, 2014

Michaels Cos. seeking as much as $528 million in its U.S. initial public offering, Bloomberg reported.

June 6, 2014

Coach Inc. will reportedly start offering 25% discounts on its luxury handbags at its stores in twice-a-year sales during June and December. According to Bloomberg, Coach will reduce prices on end-of-season and discount merchandise from 30-50%.

May 28, 2014

Doug McMillon, CEO of Wal-Mart Stores, said the company plans to ramp up the company's pace of partnerships and acquisitions as part of a broader strategy to better compete with digital rivals, Bloomberg reported.

April 7, 2014

Coldwater Creek Inc. is planning to liquidate its assets after a bankruptcy filing that is expected to come soon, Bloomberg News reported.

March 26, 2014

Wal-Mart Stores spent $439 million during the past two years to investigate the possible payment of foreign bribes, Bloomberg reported, making it ranks as one of the most expensive probes in U.S. history.

December 3, 2013

Investor Engaged Capital LLC has urged Abercrombie & Fitch to start a search for a new chief executive officer and consider selling the company, Bloomberg reported.

October 16, 2013

Back in March, Bloomberg ran a story headlined, “Private Equity’s $36 Billion Retail Bet Not Going So Well.” In a nutshell, this piece catalogued how investment firms like Bain Capital had poured large amounts of money into brick-and-mortar chains in the run-up to the recession, only to be met with lackluster results.

September 24, 2013

A regional class-action gender bias suit filed against Wal-Mart Stores in the U.S. District Court for the Southern District of Florida has reportedly been dismissed.

September 19, 2013

The Home Depot, Inc. is reportedly going to stop providing health care benefits to part-time employees working less than 30 hours per week.

September 18, 2013

Staples and RadioShack Corp. have removed Amazon lockers from their stores, according to Bloomberg. The chains were among a group of retailers who have been testing the system.

August 29, 2013

Analysts project that Francesca’s, a junior apparel and accessories retailer, will have the retail industry’s fastest rates of growth during the next three years, Bloomberg reported.

August 26, 2013

Improvements in housing and labor probably helped boost U.S. consumer spending last month.

July 17, 2013

Orchard Supply, which sought bankruptcy protection earlier this year, has won court approval of as much as $176.3 million in bankruptcy financing, according to a report by Bloomberg.

July 11, 2013

Bloomberg reported that Best Buy Co. has increased the size of its first bond offering since 2011 from $350 million to $500 million as it prepares to repay an equal amount of notes due July 15.

June 25, 2013

A report released by Bloomberg on Tuesday said that confidence among American consumers in June surpassed expectations, climbing to the highest level in more than five years.

June 21, 2013

A report released by Bloomberg said that consumer sentiment climbed during the week ended June 16 to minus 29.4, compared with minus 31.3 a week earlier and representing a lift after a two-month low.

June 19, 2013

A report by Bloomberg said that Orchard Supply Hardware Stores Corp. has been given approval by the bankruptcy court to seek bids from liquidators to run going-out-of-business sales at eight underperforming stores and potentially another 22.