In a surprising turn, Dollar Tree is offloading Family Dollar for just $1 billion, a steep loss from its original $9 billion purchase. The sale highlights the challenges faced by discount retailers amid rising costs and fierce competition.
In a stunning move, Forever 21 has filed for Chapter 11 bankruptcy for the second time in six years, as dwindling mall traffic and fierce online competition take their toll. The retailer will begin liquidation sales while its trademark may continue under Authentic Brands Group.
Target reports a worrying decline in consumer confidence and sales, expecting only 1% growth this year. Cold weather and tariff uncertainties add to the challenges, yet investors remain optimistic.
Kroger appoints Ronald Sargent as interim CEO following the departure of longtime leader McMullen due to personal conduct issues. As Kroger prepares to report financial results, questions arise about the impact on grocery prices after a failed merger with Albertsons.
In a surprising turn of events, Kroger CEO Rodney McMullen has stepped down following a probe into his personal conduct. The investigation, which found inconsistencies with the company's ethics policy, was unrelated to business operations. Ron Sargent will serve as interim CEO.
