Financial News: Page 152
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Alibaba brings e-commerce platform to US businesses
As the Chinese e-commerce giant chases Amazon into the B2B market, it hopes to connect U.S. suppliers to the world.
By Ben Unglesbee • July 23, 2019 -
Etsy to acquire music gear marketplace Reverb for $275M
The startup will continue to operate separately, but the deal represents nice synergies for each, according to the companies.
By Daphne Howland • July 23, 2019 -
Warehouse tech glitches cause $25M disruption for Asos
The problems slashed the inventory available to customers, taking a bite out of sales and margins.
By Emma Cosgrove • July 23, 2019 -
Amazon plans to open more Go stores in Chicago, Seattle
The new locations are an indicator of the e-commerce giant’s brick-and-mortar expansion strategy.
By Tatiana Walk-Morris • July 23, 2019 -
GNC to shutter up to 900 stores
The closures will be mostly in malls as the supplements retailer continues to cut costs, which boosted operating income in the second quarter.
By Daphne Howland • July 23, 2019 -
EBay announces new technology chief
Along with the promotion of a longtime veteran to CTO, the company revealed other new hires, including alumni of Amazon, Twitter and Yahoo.
By Lisa Rowan • July 23, 2019 -
Hollister's Gilly Hicks makes a comeback
As Abercrombie & Fitch Co. scaled back its lingerie brand in recent years, rival American Eagle and a slew of pure-plays took on Victoria's Secret.
By Daphne Howland • July 22, 2019 -
EBay buys minority stake in Paytm Mall
The investment gives the marketplace access to an audience of more than 450 million customers.
By Lisa Rowan • July 22, 2019 -
Back-to-school spending expected to reach record highs
While college shoppers plan to do most of their shopping online, the NRF found consumers as a whole aren't ruling out brick and mortar yet.
By Tatiana Walk-Morris • July 22, 2019 -
Walmart restructures supply chain team in omnichannel push
The change brings distribution, fulfillment and transportation under one umbrella in the latest push to integrate digital and store operations.
By Shefali Kapadia • July 22, 2019 -
Chewy narrows loss after IPO debut
The pet e-tailer reported net sales rose 45% to $1.1 billion in its first earnings release as a public company.
By Caroline Jansen • July 19, 2019 -
WSJ: Amazon entices sellers to part with brands for as low as $10K
In exchange for increased visibility and other perks, businesses reportedly agree to be acquired at the e-commerce giant's discretion.
By Daphne Howland • July 19, 2019 -
J.C. Penney says it has not hired bankruptcy advisers
The struggling retailer is moving to protect a long-running turnaround and avoid bankruptcy, according to earlier press reports.
By Daphne Howland • Updated July 19, 2019 -
Saks Fifth Avenue opens new men's shoe space at its NYC flagship
The revamped area furthers Hudson's Bay Co.'s hopes that the $250 million renovation of its luxury department store might be a lifeline.
By Daphne Howland • July 19, 2019 -
Nordstrom faces backlash over Anniversary Sale early access
Tiered loyalty programs have emerged as a way to meaningfully reward customers. But there's confusion about Nordy Club's perks before the highly anticipated event officially begins.
By Daphne Howland • July 18, 2019 -
EBay may put up StubHub and Classifieds for sale
Unloading either business could challenge its already weaker marketplace, though analysts expressed confidence in those core operations.
By Daphne Howland • July 18, 2019 -
Tru Kids, b8ta to open 2 Toys R Us stores in time for the holidays
The defunct toy retailer is making a comeback through a joint venture that will focus stores around experience and generate revenue from vendor fees.
By Ben Unglesbee • July 18, 2019 -
Chico's-owned Soma to sell fit tech bra through b8ta
In addition to offering its "SOMAINNOFIT" bra in the retail concept's stores, the intimates brand also announced an expanded partnership with QVC.
By Caroline Jansen • July 18, 2019 -
Former Petco CEO named president of Party City
Brad Weston also previously served as the chief merchandising officer at Dick's Sporting Goods.
By Kaarin Moore • July 18, 2019 -
Opinion
Why M&A deal values dropped so dramatically in 2018
Legacy players are under attack, and incumbents are starting to reexamine portfolios, write A.T. Kearney's Bahige El-Rayes and Alexandre Terseleer.
By Bahige El-Rayes and Alexandre Terseleer • July 18, 2019 -
Kohl's kicks off holiday hiring in July
The retailer is also staffing five new stores and a planned 3,000 additional associates to help with customer service and omnichannel functions.
By Ben Unglesbee • July 17, 2019 -
Anne Klein sold to PE-backed firm
The brand is one of those left over from Nine West Holdings after Authentic Brands Group bought its namesake last year.
By Daphne Howland • July 17, 2019 -
Claire's hires Party City exec as CEO
Ryan Vero takes over the teen accessories retailer as it looks to move beyond its Chapter 11 last year.
By Ben Unglesbee • July 17, 2019 -
Retail sales soar in June
The upbeat results are poised to continue, especially for discounters, analysts said.
By Daphne Howland • July 16, 2019 -
Target brings in Facebook vet to lead tech ops
Hari Govind will oversee cloud computing, network connectivity and operations for technology throughout the retailer's business.
By Ben Unglesbee • July 16, 2019