Financial News

Sears chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the embattled company, which was made through an affiliate of his hedge fund, ESL Investments.

According to “Surviving the Retail Apocalypse,” a new survey of more than 1,000 consumers of all ages from Yes Marketing, 57% of consumers have used a retailer’s mobile app while shopping in the store.

Sears agreed to consider a revised takeover bid from chairman Edward Lampert — via an affiliate of its ESL Investments hedge fund — that would keep the company in business.

Diplomat announced changes to its executive team and revised its guidance for its 2018 fiscal year.

CVS Pharmacy is set to acquire 20 of Ritzman Pharmacy's retail pharmacies by the end of February.

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.

According to a report from Mercator Advisory Group, 36% of consumers said they preferred credit cards, 33% prefer debit cards and 18% prefer cash.

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.