Retail

Rite Aid shares tank on Deutsche Bank downgrade

Rite Aid shares plunged on Thursday after Deutsche Bank downgraded the pharmacy retail chain and cut the stock's price target ahead of the release of its quarterly results next week.

Levi Strauss not expecting to reopen in Russia this year: report

Levi Strauss, whose iconic blue jeans were a symbol of freedom during the Soviet era, does not expect to reopen stores in Russia this year after temporarily suspending business a month ago, the company's chief executive told the Financial Times.