Alden Global Capital’s MNG Enterprises Inc., which launched a bid to acquire Gannett Co. in January, has reduced its stake in the company from 7.5%
Author: Kelly Tyko, USA TODAY
Amazon shareholders reject banning sale of facial recognition software to law enforcement
Amazon shareholders rejected two proposals to limit sales of its facial recognition technology “Rekognition” to governments and law enforcement.
When are Payless stores closing? It depends but some are staying open longer
Payless ShoeSource originally said all U.S. stores would close by the end of May 2019. Now the footwear chain says some stores will be open in June.
Going out of business: Ascena Retail Group closing all of its nearly 650 Dressbarn stores
For now, the Dressbarn website and all stores are open. The company says there are no current changes to its return, refund, or gift card policies.
China tariffs could force ‘widespread store closures’ and put $40 billion in sales at risk
2019 has already been a tough year for retailers but the tariffs with China could put $40 billion of sales and 12,000 stores at risk, a report says.
Shoppers disappointed at how fast Target’s Vineyard Vines collection selling out
Shoppers are taking to social media to express disappointment over the Vineyard Vines for Target sale. Many items sold out quickly and landed on eBay.
Vineyard Vines arrives at Target on Saturday. How to shop the limited-edition collaboration
Set your alarm clock if you’re interested in shopping Target’s latest designer collaboration, Vineyard Vines. The new collection goes on sale May 18.
Children’s Place plans to close up to 45 stores and relaunch Gymboree brand
The Children’s Place is closing 40 to 45 stores in 2019 but at the same time is opening new stores to fill the void left by Gymboree.
Fred’s closing 104 more stores in summer, see the list
Fred’s is closing 104 more stores, which represent 18% of the company. Mississippi, Arkansas, Georgia and Tennessee losing the most locations.
Petco offering a free upgrade to artificial-free pet food with May 18-19 trade-in events
Bring in any bag or can of dog or cat food with artificial ingredients to get an upgrade to a bag that meets Petco’s new nutrition standards.