The chain’s bankruptcy filing is the second in seven years. Its troubles include unwieldy debt, shoppers’ changing habits and new tariff costs.
Retail
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Will I get refunds? Small businesses wonder as courts rule on Trump tariffs
Court rulings against President Trump’s tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.
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Retailers feel pressure to eat the price increases from tariffs
From Target to Walmart, retailers are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president’s wrath.
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Home Depot won’t raise prices because of tariffs. But some items may disappear
The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.
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Dick’s Sporting Goods is buying Foot Locker for $2.4 billion
Together, the two retailers will have to wade the choppy waters of new tariffs on imports, including footwear. And they’ll face the growing competition from shoe brands selling directly to shoppers.
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Canada’s Hudson’s Bay has survived 355 years. Now the store is in crisis
The department store chain, founded in 1670, can’t pay its debts and says the pandemic, inflation and now trade tensions have hurt its financial future.
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Luxury department store Saks buys Neiman Marcus, and Amazon gets a stake
The two high-end department stores hope together they would wield more power to counter luxury brands, which increasingly flex their muscles over retailers.
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Tractor Supply slashes its DEI and climate goals after a right-wing pressure campaign
The rural lifestyle retailer, with stores in 49 states, says it will withdraw its carbon emissions goals, cut its DEI roles and stop sponsoring Pride events after an online outcry from conservatives.
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A supermarket trip may soon look different, thanks to electronic shelf labels
With electronic shelf labels, prices can change up to six times a minute. Grocers including Walmart, Whole Foods and Schnucks are adopting them.
