Matt Townsend
Toys ‘R’ Us is said to consider closing at least 100...
NEW YORK - Toys “R” Us Inc., which filed for bankruptcy in September, is considering closing at least 100 U.S. stores in the face of...
Toys ‘R’ Us bankruptcy hangs over toymakers as holidays approach
NEW YORK - When Toys “R” Us Inc. filed for bankruptcy last month, it vowed to keep operating stores, boosting investor optimism that the impact...
Amazon to cut prices at Whole Foods as acquisition closes
NEW YORK - Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods...
Trump’s CEO brain trust comes up short on big ideas for...
NEW YORK - Elon Musk of Tesla and Walt Disney’s Bob Iger have quit. Jeffrey Immelt of General Electric Co. and JPMorgan Chase’s Jamie...
Staples to be acquired by Sycamore Partners for $6.9B
NEW YORK – Staples Inc. will be acquired by Sycamore Partners for about $6.9 billion in one of the largest retail deals of the...
Black Friday limps toward oblivion as online shopping takes over
NEW YORK - The decades-old retail tradition of Black Friday limped closer to obsolescence this year as online shopping and earlier discounts kept many...
Retail CEOs breathe sigh of relief as vote distraction ends
NEW YORK - Barnes & Noble Inc. CEO Len Riggio is happy with the U.S. presidential election -- happy it’s over.
Riggio complained along with...
Superheroes top princesses in sign of Disney’s ‘Frozen’ decline
NEW YORK - Superhero costumes will unseat princess outfits this Halloween, a sign that Warner Bros.’ DC Comics blitz is taking a toll on...
As Pokemon Go frenzy subsides, online retailers still cashing in
NEW YORK - Even as the initial craze for Pokemon Go wanes, companies that sell merchandise tied to the augmented-reality game are benefiting.
U.S. online...
Mattel nabs Universal’s ‘Jurassic Park’ toy license from Hasbro
NEW YORK - Mattel Inc. suffered a blow when it lost the “Frozen” toy license to Hasbro Inc. Now the company has turned the...