Financial News: Page 141
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Rite Aid downgraded over weak market position
As the drugstore business becomes more complex, and competitors larger, Rite Aid's regional focus leaves it without scale, Fitch analysts warned.
By Ben Unglesbee • Oct. 31, 2019 -
Wayfair's net loss widens nearly 80%
The home goods retailer continues to struggle with posting a profit, though CEO Niraj Shah pointed to revenue gains as reasons for optimism.
By Caroline Jansen • Oct. 31, 2019 -
Etsy margins take a hit amid solid revenue growth
The marketplace is wrestling to bring its Reverb acquisition into the fold and coax more sellers to offer free shipping, among other new initiatives.
By Daphne Howland • Oct. 31, 2019 -
Moody's downgrades Nordstrom
Additionally, UBS analysts lowered their stock rating from "neutral" to "sell" due to anticipated rough holiday selling and tariffs.
By Daphne Howland • Oct. 30, 2019 -
Walmart replaces Jenny Fleiss as head of Jetblack
The co-founder of the Jet e-commerce site, Nate Faust, is set to take over the concierge service as Walmart reportedly looks to unload it.
By Ben Unglesbee • Oct. 30, 2019 -
Amazon unveils free grocery delivery
Prime members will now get unlimited two-hour grocery deliveries for free from Amazon Fresh and Whole Foods.
By Jessica Dumont • Oct. 30, 2019 -
CMOs are in a 'desperate fight for survival,' Forrester says
A transition to digital is the key force behind the transformation of the role from brand-builders to data-focused, short-term revenue drivers.
By Barry Levine • Oct. 30, 2019 -
Amazon is dominating the holiday price war
The e-commerce player is out-pricing other online retailers by 20% on average, with Walmart not too far behind, according to Profitero.
By Ben Unglesbee • Oct. 29, 2019 -
Nordstrom family ends latest effort to take control
The Nordstroms and the board have also discussed succession planning, according to a filing Monday with the Securities and Exchange Commission.
By Daphne Howland • Oct. 29, 2019 -
New Sears sells DieHard brand to Advance Auto Parts for $200M
Under the deal, Transform Holdco can still sell the brand at Sears stores and extend it to non-automotive categories.
By Ben Unglesbee • Updated Dec. 23, 2019 -
LVMH woos Tiffany with $14.5B bid
The iconic American jeweler is reportedly ready to reject the offer, but several analysts see a marriage in the works.
By Daphne Howland • Oct. 28, 2019 -
Deep Dive
Welcome back, Toys R Us. Your market is tougher than ever.
After knocking the retailer out of existence last year, Walmart, Amazon and Target took over the toy category. This holiday season, they're playing to lock down market share.
By Ben Unglesbee • Oct. 28, 2019 -
Barneys morphs from department store to brand as $270M ABG bid prevails
The final order in its bankruptcy was filed Friday by a judge who earlier this week said it was sad when it became clear stores would close.
By Daphne Howland • Updated Nov. 1, 2019 -
Amazon's one-day shipping stokes sales but drains profits
CFO Brian Olsavsky called the company's fulfillment expansion "drastic," and some analysts say that positions it to become a logistics company.
By Daphne Howland • Oct. 25, 2019 -
Retailers market sustainable stores to lure eco-conscious customers
As shoppers weigh the environmental impact of their purchases, companies are realizing the ancillary benefits of going green.
By Tatiana Walk-Morris • Oct. 25, 2019 -
EBay mulls options for StubHub, classifieds businesses
Executives highlighted advertising as a bright spot in a mixed quarter, even as they indicated they are reviewing two top-performing revenue streams.
By Daphne Howland • Oct. 24, 2019 -
Walmart kicks off holiday discount festivities early
The retail giant is touting its discounts across gifting categories and an expanded suite of customer services as it goes to war with Amazon.
By Ben Unglesbee • Oct. 24, 2019 -
Nike CEO Mark Parker to step down in January
Board member and former CEO of eBay, John Donahoe, will be replacing him, as Parker stays on as executive chairman.
By Cara Salpini • Oct. 23, 2019 -
Amazon adds pickup counters to GNC, Stage Stores, Health Mart
The e-commerce specialist is expanding its partner network for the Hub Counter program as locations reach into the thousands.
By Ben Unglesbee • Oct. 23, 2019 -
United Colors of Benetton tests a US comeback
The Italian apparel company is poised to open a pop-up location in California as it considers a relaunch of its permanent stores.
By Kaarin Moore • Oct. 23, 2019 -
Nordstrom's welcome to New York
The family running the Seattle department store has been eyeing the city for decades. Can they make it there?
By Daphne Howland • Oct. 23, 2019 -
GOAT adds apparel and accessories to sneaker marketplace
The new categories may put the platform in more direct competition with others in the resale space, namely The RealReal.
By Lisa Rowan • Oct. 22, 2019 -
Macy's and Bloomingdale's to go fur free
The pledge makes it the latest retailer to join a larger movement to ban fur that has gained momentum as consumer tastes have changed.
By Kaarin Moore • Oct. 22, 2019 -
Destination Maternity files for Ch. 11, plans to close nearly half its stores
With pregnancies in decline and competition increasing, sales at the retailer fell by a third in half a decade. Now it looks to sell itself in bankruptcy.
By Ben Unglesbee • Oct. 22, 2019 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour CEO Kevin Plank to step down
President and COO Patrik Frisk is set to replace him in January, though Plank will stay on as executive chairman and brand chief.
By Cara Salpini • Oct. 22, 2019