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Author: Nathan Bomey, USA TODAY

Money

CVS introduces new concept store with more health care, less retail

February 13, 2019February 13, 2019Nathan Bomey, USA TODAYComments Off on CVS introduces new concept store with more health care, less retail

CVS Health is testing a new concept store format as the company plans to shift more of its floor space to health care services, classes such as yoga.

Money

Meeting last week with MNG further confirms rejection of proposal, Gannett says

February 11, 2019February 11, 2019Nathan Bomey, USA TODAYComments Off on Meeting last week with MNG further confirms rejection of proposal, Gannett says

Meeting last week with MNG further confirms rejection of proposal, Gannett says

Tech

American Media lawyer denies attempt at blackmail, extortion of Amazon CEO Jeff Bezos

February 10, 2019February 11, 2019Nathan Bomey, USA TODAYComments Off on American Media lawyer denies attempt at blackmail, extortion of Amazon CEO Jeff Bezos

A lawyer for National Enquirer owner American Media’s CEO defended the company’s talks with Jeff Bezos, saying the company did nothing illegal.

News

J.C. Penney discontinues sales of appliances, furniture as potential store closures loom

February 7, 2019Nathan Bomey, USA TODAYComments Off on J.C. Penney discontinues sales of appliances, furniture as potential store closures loom

J.C. Penney is ditching most appliances and furniture as the retailer seeks stability amid trauma for department stores.

Money

Sears, Kmart employees to bankruptcy judge: Don’t let Sears ‘be a pawn in Lampert’s game’

February 5, 2019Nathan Bomey, USA TODAYComments Off on Sears, Kmart employees to bankruptcy judge: Don’t let Sears ‘be a pawn in Lampert’s game’

A group of current and former employees of Sears Holdings exhorted a federal bankruptcy judge to force the retailer to make concessions.

Money

Toyota, Nissan sales fall, but Fiat Chrysler, Honda post gains despite polar vortex

February 1, 2019Nathan Bomey, USA TODAYComments Off on Toyota, Nissan sales fall, but Fiat Chrysler, Honda post gains despite polar vortex

American car shoppers appeared largely unfazed by wintry weather and the government shutdown in January, as they kept buying vehicles at a good clip.

Money

David’s Bridal is lowering some dress prices after surviving Chapter 11 bankruptcy

February 1, 2019Nathan Bomey, USA TODAYComments Off on David’s Bridal is lowering some dress prices after surviving Chapter 11 bankruptcy

David’s Bridal CEO Scott Key on his plan to reinvigorate its business including more plus-sized wedding dresses and lower prices for bridesmaids.

Money

Is Eddie Lampert set to ‘steal’ Kenmore brand? Courtroom clash will decide fate of Sears

January 31, 2019Nathan Bomey, USA TODAYComments Off on Is Eddie Lampert set to ‘steal’ Kenmore brand? Courtroom clash will decide fate of Sears

The U.S. government’s pension agency and major creditors are lining up to block a last-minute bid to save Sears Holdings from liquidation.

Tech

Elon Musk gears up for Model Y crossover as Tesla makes second straight quarterly profit

January 30, 2019January 31, 2019Nathan Bomey, USA TODAYComments Off on Elon Musk gears up for Model Y crossover as Tesla makes second straight quarterly profit

Tesla is getting ready to begin making its next vehicle — a crossover called the Model Y — as it boosts production, lowers prices and cuts costs.

Money

Ex-Sears CEO Eddie Lampert orchestrated ‘scheme’ to ‘steal’ Sears, creditors allege

January 24, 2019January 25, 2019Nathan Bomey, USA TODAYComments Off on Ex-Sears CEO Eddie Lampert orchestrated ‘scheme’ to ‘steal’ Sears, creditors allege

Sears boss and investor Eddie Lampert orchestrated a “multi-faceted scheme” to strip the company of assets, major creditors alleged.

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