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The Weekly Closeout: What’s next for CVS retail and Canada Goose net loss widens

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The Weekly Closeout: What’s next for CVS retail and Canada Goose net loss widens

The separation of CVS Health could present an opportunity for its retail pharmacies. Meanwhile, higher costs are impacting the luxury apparel brand.

It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.

From the acquisition of Coldwater Creek to a Hunger Games-inspired fragrance, here’s our closeout for the week.

Nexus Capital Management completed the acquisition of CW Holdings, parent company of direct-to-consumer women’s apparel and lifestyle brands Coldwater Creek and Soft Surroundings, according to a Monday press release. The brands serve women ages 45 and older via e-commerce sites and catalogs.

"Coldwater Creek and Soft Surroundings are brands with decades of heritage and customers who have stayed with them for years,” David Walde, chief executive officer of Coldwater, said in a statement. “Nexus shares our belief in what makes these brands special, and with their support we will continue investing in our product, the experience we deliver for our customers and the ways we reach new ones."

Nexus’ portfolio also includes Dollar Shave Club, Hostess Brands, FTD, Toms and 99 Cents Only Stores, among others.

Canada Goose on Thursday reported second quarter revenue grew nearly 6% year over year to 274 million Canadian dollars ($195 million at press time). 6%.



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