Financial News: Page 163
-
Retail hiring fell 8.1% in 2018
The shift is particularly noteworthy because the industry has struggled with recruiting and retention efforts of late.
By Valerie Bolden-Barrett • April 23, 2019 -
Amazon makes garage parcel deliveries available
The release of Key for Garage is the company's latest effort to fight back against porch pirates and ensure deliveries end up in the right hands.
By Matt Leonard • April 23, 2019 -
All Kohl's stores to take Amazon returns
The 2-year-old pilot will become standard practice in July, and brings benefits to both retailers and their customers.
By Daphne Howland • April 23, 2019 -
Torrid withdraws IPO plans
Plus apparel is getting renewed attention from disruptors and traditional brands alike, and that may be pressuring the private equity-owned retailer.
By Daphne Howland • April 23, 2019 -
Walmart rewards supplier emission cuts
Suppliers for the retailer have avoided 3.46 million metric tons of greenhouse gas emissions as part of Project Gigaton China.
By Matt Leonard • April 23, 2019 -
The downward spiral of Francesca's
The boutique retailer has reported double digit comps declines for five straight quarters, with a sixth projected, and has around $14 million in cash left.
By Daphne Howland • April 22, 2019 -
Target unveils green, affordable household product brand
"Everspring" takes a note from startup Brandless for affordable goods, and furthers the retailer's private label efforts.
By Daphne Howland • April 22, 2019 -
Sears says Lampert stripped company 'of billions of dollars of assets'
Several analysts have made observations along the same lines for years, but ESL on Monday “vigorously” disputed the claims.
By Daphne Howland • April 22, 2019 -
Bed Bath & Beyond shakes up board amid activist pressure
But the investor group responded saying the retailer's actions still weren't enough, pointing to the fact that the current CEO remains in his role.
By Caroline Jansen • Updated April 22, 2019 -
Under Armour head of North America to depart
Jason LaRose has been the president of that division since 2016, and has worked at the athletics retailer in various roles since 2013.
By Cara Salpini • April 22, 2019 -
Amazon, Walmart join online SNAP pilot
The USDA program, which has launched in New York state, will bring the convenience of online grocery shopping to millions of benefit recipients.
By Jessica Dumont • April 22, 2019 -
Podcast
Conversational Commerce: How one digitally native brand baked sustainability into its DNA
An environmental focus doesn't have to come at the cost of profitability, says Grove Collaborative CEO Stu Landesberg.
By Corinne Ruff • April 22, 2019 -
Deep Dive
True blue: Denim has to change to save the planet
The classic American blue jean may be the world's most beloved fabric, and innovations are helping produce it more sustainably.
By Daphne Howland • April 22, 2019 -
March sales surge 1.7%
Most segments, including many that had declines last month, bounced back from February, according to the latest monthly retail sales report from the Commerce Department.
By Daphne Howland • April 18, 2019 -
Amazon China marketplace is shutting down
The e-commerce giant opened a digital store on Alibaba's Tmall in 2015, suggesting the company would eventually wind down sales operations, according to analysts.
By Daphne Howland • April 18, 2019 -
Pier 1 appoints interim CFO amid growing financial loss
Deborah Rieger-Paganis, with 30 years of experience improving retailers' finances, replaces Nancy Walsh. But will that be enough?
By Caroline Jansen • April 18, 2019 -
Consumer confidence may be hitting a peak
Americans remain among the most confident consumers in the world, but there are some signs of softening here, too.
By Daphne Howland • April 18, 2019 -
Aldi and Kohl's set to benefit from combo stores, report says
More than three-quarters of shoppers polled by Field Agent said they’d very likely shop at both stores in the same trip.
By Lauren Manning • April 18, 2019 -
Neiman Marcus takes minority stake in resale site Fashionphile
The department store is investing in the e-commerce company in an effort to reach "younger shoppers ahead of their peak spending years."
By Daphne Howland • April 17, 2019 -
New Sears to acquire Hometown
Reuniting with the unit that was spun off in 2012 would add 617 stores to Sears' reach and make it the third-largest appliance retailer.
By Daphne Howland , Ben Unglesbee • Updated June 3, 2019 -
Wayfair boosted orders over 300% during Way Day
However, compared to results from the company's sales holiday last year, the numbers were less stellar.
By Caroline Jansen • April 17, 2019 -
Best Buy, Target jump into at-home medical device market
The partnerships give both medical device companies an opportunity to reach a broader audience through mass merchant retailers, and tightens the relationship between healthcare and retail.
By Daphne Howland • April 17, 2019 -
Destination Maternity margins shrink
The retailer is chipping away at inventory and doesn't want to flood the market with under-priced merchandise as it tries to move sales.
By Daphne Howland • April 16, 2019 -
REI paddles deeper into watersports
Just days after announcing an expansion of its rental program, the retailer is adding paddleboards and kayaks to the list of rentable gear.
By Cara Salpini • April 15, 2019 -
Best Buy names new CEO
Corie Barry, the company's current chief financial and strategic transformation officer, will take on the position, effective June 11.
By Daphne Howland • April 15, 2019