Author: Savyata Mishra

By Ananya Mariam Rajesh and Savyata Mishra (Reuters) – As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy’s could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers. LSEG Workspace, a…

By Savyata Mishra and Juveria Tabassum (Reuters) – Kroger said on Friday it would sell over 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval for its nearly $25-billion takeover of smaller rival Albertsons. Kroger will get about $1.9 billion in cash for the store divestitures. The company said it…

By Savyata Mishra (Reuters) -Kohl’s Corp on Wednesday reported a surprise profit as its new CEO’s efforts to turn around the company that saw its margins slump last year started showing results, sending the department store chain’s shares up as much as 19%. The company also maintained its full-year targets even as it posted a…