Financial News

Sears won court approval for $350 million in bankruptcy financing that will keep it up and running through the holidays while it attempts to reorganize.

Global retail volume growth will be 2.8% in 2019, down from 2.9% predicted six months ago, as a result of the United States and China trade conflict, according to a report from The Economist Intelligence Unit.

Sears is seeking court approval of a $350 million junior DIP facility with Great American Capital Partners, according to a report by Women’s Wear Daily.

Target’s third quarter saw healthy sales — both in-store and online — but the retailer’s earnings saw the impact of its ongoing investments in store remodels and supply chain. 

The beauty retailer acquired two technology start-ups in artificial intelligence and augmented reality — QM Scientific and GlamSt — which it said will help better build out its AR and AI capabilities.

Diplomat Pharmacy's revenue increased 22% to $1.4 billion from $1.1 billion, and gross profit grew to $93.4 million from $65.1 million in the prior-year period.

CVS Health’s tthird-quarter results narrowly beat Wall Street expectations, with the Woonsocket, R.I.-based company posting $47.3 billion in revenue and $1.73 in earnings per share ahead of the expected close of its acquisition of Aetna — which it now expects to close by Thanksgiving.

Total retail sales in the United States will increase by 5.8% to $1.002 trillion, and brick-and-mortar sales for the holiday season will jump by 4.4% to $878.38 billion, according to eMarketer.