Eddie Lampert giving Sears a $400 million loan
Sears Holdings Co. is getting a $400 million secured short-term loan from the hedge fund of its chief executive, Eddie Lampert, with real estate as collateral, the company said Monday...
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Macy’s, Bloomingdale’s adding same-day delivery
Macy's and Bloomingdale's plan to test same-day delivery for products purchased on their websites, parent company Macy's Inc. announced Monday, joining the growing ranks of retailers trying to compete with...
Loop Alliance offers ideas to spruce up Wabash
Among the dozens of fanciful ideas suggested over the past year for how to transform Wabash Avenue into a more inviting corridor, Martin Stern, chairman of the Chicago Loop Alliance,...
For one day, dueling farmers markets to serve West Loop
West Loop residents on the hunt for summer corn and artisanal cheeses Saturday morning will have two farmers markets vying for their attention. The West Loop Farmers Market will set...
Ulta Beauty shares soar 20% after 2Q earnings
Shares in Ulta Beauty soared 20 percent Friday morning after the Bolingbook-based cosmetics retail reported second-quarter net income jumped 35 percent, handily beating Wall Street's expectations. The company also announced...
Block 37 owner secures permits to build residential tower
The 34-story residential tower above Block 37 is moving forward. CIM Group, the Los Angeles-based owner of the downtown retail complex, announced Thursday that it has secured initial permits to...
Sears may not have enough cash beyond 2016, Fitch says
Fitch Ratings downgraded Sears Holdings' credit rating further into junk status on Wednesday and questioned whether it can raise enough cash to support operations beyond 2016, citing the magnitude of...
Kids help Wal-Mart to again predict top holiday toys
A year after its release, Disney's "Frozen" remains poised to drive holiday toy wish lists in the coming shopping bonanza, Wal-Mart said Wednesday in announcing its top 20 toys for...
Block 37 will offer free pop-up space to winner of contest
Business owners wanting downtown exposure during the busy holiday shopping season can vie for a free storefront in Block 37. The high-profile State Street mall on Tuesday will launch its...
Hyde Park’s retail revival is on a roll
Chef Matthias Merges said he hesitated at first when the University of Chicago asked him several years ago to open a restaurant in Hyde Park. The owner of acclaimed Yusho...