Through December, retailers announced 98,563 cuts in 2018, 29.5% higher than the 76,084 announced in the previous year, according to a report released by Challenger, Gray & Christmas.
Transform Holdco, an affiliate of chairman Lampert’s ESL Investments hedge fund, submitted a last-minute bid for substantially all of the assets of Sears, including a portfolio of 425 stores, which is valued at $4.4 billion.
Ilia Beauty has announced a new partnership with Silas Capital, a New York-based emerging growth equity firm that invests in next-generation consumer brands.
Alongside the sales results, Rite Aid announced it had agreed to key terms of an amended drug purchasing deal with McKesson, continuing the two companies’ relationship for an additional 10 years.