Retail

Former CEO Eddie Lampert submitted a last minute bid to save Sears from liquidation.

Severe storms caused a New Orleans area Trader Joe's store to lose power, prompting the chain to donate more than 10,000 pounds (4,500 kilograms) of perishable groceries to a food bank.

The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.

Amazon's rise is forcing laundry detergents to shrink.

U.S. stocks moved broadly higher in early trading Wednesday, recovering some of their losses from a steep drop ahead of the Christmas holiday that left the benchmark S&P 500 index on the edge of what Wall Street calls a bear market.

The closing is on top of plan to shutter hundreds of other underperforming stores.

The event formally begins on Friday, but some deals will be live on the platform as early as Wednesday.

Sales at physical store locations are expected to rise more than 3 percent next year.

Sales excluding autos rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to MasterCard.