1. Acquisitions, Divestitures & Mergers

JetBlue and Spirit Airlines Call Off $3.8 Billion Merger

Written by Posted on Less than 0 min read

JetBlue and Spirit Airlines have called off a planned merger that began two years ago. The airlines said the decision was amicable but claimed that ongoing regulatory hurdles would have made merging the two companies difficult.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Channel: Restaurants

Florida Man Sues Dunkin’ After Exploding Toilet Leads to Injury

The customer has filed a negligence lawsuit against the popular coffee chain. View Original Article Dept. Beverage Legal & Criminal Restaurants Shoppers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes […]
< 1 min read
0
  1. Department: Consumer Durables

Hasbro To Sell eOne Film and TV Unit to Lionsgate for $500 Million

Hasbro has announced the sale of its eOne film and TV studio to Lionsgate Entertainment for approximately $500 million. The deal, which includes a library of 6,500 titles, aims to help Hasbro focus on more profitable brands. The transaction, approved by both companies’ boards, is expected to be completed by the end of 2023, with… […]
< 1 min read
0
  1. Channel: Mass

Walmart sells Eloquii plus-size women’s fashion business

Walmart has sold Eloquii to FullBeauty Brands after paying $100 million to acquire the plus-size women’s fashion business in 2018. Industry experts expect Walmart to focus on retail media, business services and other profitable growth opportunities. “Walmart’s product-based businesses will play a decreasing role going forward as a new world of opportunity beckons, much of […]
< 1 min read
0
  1. Technology & Innovation

Tesla Prepares for Optimus Robot Production

The world might be on the brink of a futuristic shift as Tesla plans to mass produce its Optimus humanoid robots. The renowned electric vehicle and artificial intelligence company, Tesla, is rapidly expanding its workforce in Palo Alto, a strong indication of its ambitious production plans. View Original Article Associates AI Dept. Fresh Dept. Perimeter […]
< 1 min read
0
  1. Shopper & Customer

November’s retail sales show that Americans went shopping in October

Retail sales for November fell 0.6 percent, below the 0.3 percent drop expected by Wall Street, reflecting that consumers began their Christmas and holiday season shopping in October. Sales were up 6.5 percent year-over-year, below the 7.1 percent Consumer Price Index inflation rate. View Original Article Consumers Economy Holiday & Events Editor's Choice RetailWire Member […]
< 1 min read
0
  1. Media & Marketing

Roku Hit by Cyberattack: Over Half a Million Accounts Breached

Roku disclosed that approximately 576,000 user accounts were compromised in a recent cyberattack, marking the second security breach this year. View Original Article Marketing: Broadcast Legal & Criminal RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Trends & External Forces

FTC says GoodRX shared users’ health info with ad firms

GoodRx shared information with ad firms about its users’ medical conditions and medicines, according to a lawsuit filed by the Federal Trade Commission. Doing so violated GoodRx’s own information-sharing practices and violated a federal rule that requires companies tracking health information to notify consumers of data breaches. GoodRx settled the suit without admitting wrongdoing. View […]
< 1 min read
0
  1. Uncategorized

Uber Has Finally Become a Profitable Player

Uber, the ride-hailing company, made headlines this week, announcing its first annual operating profit. This significant achievement marks an important turn in the firm’s approximately 15-year journey, shedding light on its resilience and capacity for growth. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Department: Food

Subway’s sales process moves to a second round

More than ten potential suitors for Subway are conducting due diligence on the sandwich giant’s business. Subway is looking for a valuation of $10 billion as it negotiates a sale of its business. View Original Article Dept. Fresh Prepared RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Channel: Delivery

Domino’s to start using Uber for food orders, shares surge

Shares of Domino’s Pizza surged 10% following the announcement that customers will soon be able to use Uber Eats and Postmates apps to order from the chain. Domino’s has signed a “global agreement” with Uber, making Uber Eats its exclusive third-party platform in the U.S. until at least 2024. The partnership aims to boost Domino’s… […]
< 1 min read
0
  1. Media & Marketing

Reddit Estimated at $5B Valuation in the Social Media IPO Market

Reddit is preparing to go public, eying a significant valuation of at least $5 billion. With plans to make the move this spring, this development has generated buzz within the investment community. View Original Article Results & Investment Marketing: Social Media Start Ups ESG and CSR RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon begins charging for some returns made to the UPS Store

Amazon.com is charging $1.50 per return to the UPS Store when a Whole Foods, Kohl’s or Amazon Fresh location is closer, according to The Information. The charges are being applied to returns made for reasons including a “change of mind” and an “accidental order.” View Original Article Delivery Amazon Whole Foods Dept. Fresh Store Location […]
< 1 min read
0
  1. Channel: Mass

Target Creates Low-Cost Brand, dealworthy

A new low-cost Target brand has been introduced, some with a price point of less than $1. View Original Article Target RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well […]
< 1 min read
0
  1. Trends & External Forces

Americans are getting some relief from inflation

The rate of inflation has continued to slow for six straight months, dropping to 6.5 percent from nine percent last June. Lower prices at the pump and other savings have some feeling hopeful about their own personal finances. Risks of further inflation remain, however, which has economists looking to the Federal Reserve Bank and whether […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Despite uncertain economy, 2022 was marked by sizable acquisitions

Yes, the biggest deal going is Kroger’s merger with Albertsons, a plan that has a major regulatory hurdle to clear before achieving fruition, but the retail industry was rife with acquisition activity in many sectors, including Amazon’s purchase of iRobot, ChannelAdvisor’s acquisition by CommerceHub, Estée Lauder’s nab of Tom Ford and the Victoria’s Secret/Adore Me […]
< 1 min read
0
  1. Corporate Finance

Oklahoma City Is Aiming for America’s Tallest Building

Matteson Capital intends to reshape the Oklahoma City landscape with a daring new plan. The company seeks approval to construct America’s tallest building, now tipped to reach an astonishing 1,907 feet. View Original Article Results & Investment Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online […]
< 1 min read
0
  1. Department & Category

October wholesale prices grew more slowly than expected

The Producer Price Index, which measures the cost of wholesale goods and services, rose eight percent in October, below the 8.3 percent forecast by economists. Core PPI, which does not include food or energy, rose 6.7 percent. View Original Article Dept. Grocery Predictions and Forecasts Sustainability RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Sonic the Hedgehog’s parent to acquire Angry Birds

Sega has reached a $774 million deal to acquire Rovio Entertainment, the maker of the Angry Birds game and franchise. “Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega’s long-term goal to accelerate its expansion in this field,” said Haruki Satomi, the CEO of […]
< 1 min read
0
  1. Data & Insights

Elon Musk Sues OpenAI and CEO Sam Altman Over Mission Shift

Elon Musk has filed a lawsuit against Microsoft-backed OpenAI and its CEO, Sam Altman, alleging a departure from the company’s original mission of developing AI for the broader benefit of humanity. View Original Article AI ChatGPT Executives Legal & Criminal Marketing: Social Media Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
Next