- Costco acquired logistics company Innovel Solutions from Transform Holdco, the operator of Sears and Kmart stores, for $1 billion in cash. Coverage from Colin Kellaher and Suzanne Kapner.
- Macy’s said it will close all its Macy’s, Bloomingdale’s and Blue Mercury stores through March 31 and will continue workers’ pay and benefits. Story by Maria Halkias.
Source: Costco Buys Logistics Firm From Sears Owner for $1 Billion | WSJ
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Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 