Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers
The acquisition is principally aimed at turning the discount Saks Off Fifth chain into an ecommerce powerhouse.
The burrito chain just can't catch a break.
The service currently has almost 41 million members, according to a new survey.
The company has been trying to rebound since the ousting of its founder and former CEO Dov Charney.
The embattled retailer warned investors could face 'substantial or total losses' of their investments.
The coffee chain denied reports that said cyber-criminals had used its mobile payments app to siphon money from its customers.
With participants including Macy's, Rite Aid and more, the coalition could shake up traditional rewards programs in the U.S.
A detailed look at Brian Cornell's new approach to a process-heavy company.
The shipping company cuts its profit forecast, blaming the cost of extra measures it took to ensure deliveries were on time during the 2014 holiday season, and hinted it would start charging retailers more.
An industry group's survey estimates scammers making returns will cost retailers $3.6 billion this holiday season.
Earlier deals this year by large retailers severely damaged Black Friday as a shopping occasion, but also created other big problems for these stores.
Far Out Tech
One major retailer is testing out full-length dressing room mirrors that double as websites as tech invades yet another sphere of shopping.
A drop under $3 per gallon probably isn't enough to offset the rising cost of food.
Small Business - Big Impact
The retailers are offering deeper and longer discounts this coming Black Friday, fighting to win a holiday neither can afford to lose.
The U.S. Postal Service will offer seven-day delivery this holiday season as it seeks to capitalize on e-commerce's growth and compete against UPS and FedEx.
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© 2016 Entrepreneur Media, Inc.