David’s Bridal assures brides as it readies Chapter 11 filing

David’s Bridal announced it plans to file for Chapter 11 bankruptcy protection and has reached an agreement with lenders to reduce its debt by $400 million. The retailer has assured customers that it has the resources it needs to continue operating its business and that dresses ordered by customers will be delivered as planned.

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Hedge fund continues pushing for sale of Campbell Soup

Dan Loeb and his Third Point hedge fund, which controls about seven percent of Campbell Soup Company stock, has been pushing for the company to sell off business units if not the entire company. Mr. Loeb has been blocked to date by descendants of Campbell’s founder who own a controlling stake in the business.

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Blockchain tech tracks turkeys

Shoppers who buy any of 200,000 tagged turkeys from Cargill’s Honeysuckle White brand can trace the birds straight from the farm. Consumers are able to receive information on the turkeys including where and how they were raised.

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Walmart looks for strong holiday quarter

Walmart raised its full-year guidance despite mixed results during the third quarter as the retailer expects its investments in e-commerce and convenience to pay off with strong sales during the holiday selling season. “We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” said…

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New Penney CEO under pressure after same-store sales flop

Jill Soltau only became J.C. Penney’s CEO a month ago. Now, she and her team are trying to figure out how to fix the department store chain as quickly as possible following a third-quarter in which Penney reported a same-store sales decline of 5.4 percent and a loss of $151 million. Penney has suspended its…

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