Financial News: Page 185
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Payless debuts holiday pop-up stores
The shoe retailer is working with a much smaller brick-and-mortar footprint after its bankruptcy last year.
By Daphne Howland • Nov. 26, 2018 -
FAO Schwarz returns to New York
The dance piano is back where it belongs, and the iconic retailer's new Rockefeller Plaza location has new experiences in store.
By Daphne Howland • Nov. 21, 2018 -
Office Depot to buy back $100M in stock
The company is giving itself some breathing room at a time when several retailers are hobbled in their turnaround efforts by massive debt loads.
By Daphne Howland • Nov. 21, 2018 -
Gap plans to shutter 'hundreds' of its flagship stores
Old Navy continues to support the company as Banana Republic recovers, but the Gap brand is struggling to sell its merchandise.
By Daphne Howland • Nov. 21, 2018 -
Urban Outfitters reports strong earnings in Q3
The retailer's performance demonstrates a positive turnaround since 2017, due in part to its adjusted markdown strategy and shifted focus on home goods.
By Kaarin Moore , Caroline Jansen • Nov. 21, 2018 -
Target shares fall after missing earnings estimates
The retailer's Q3 earnings were a mixed bag, as earnings per share were lower than expected, and e-commerce and same-store sales hit record highs.
By Krishna Thakker • Nov. 20, 2018 -
Best Buy beats Q3 estimates, raises full year guidance
The electronics retailer rode 4.3% comp sales growth to $9.59 billion in revenue for the third quarter.
By Dan O'Shea • Nov. 20, 2018 -
TJX sales surge in all divisions
With rapid growth and room for more, the off-price retailer has little to fear from rivals.
By Daphne Howland • Nov. 20, 2018 -
Barnes & Noble notches best comps in two years
However, the bookseller is once again without a chief executive, and its comp sales improvements are small comfort with sales still declining overall.
By Daphne Howland • Nov. 20, 2018 -
Ross shares fall on Q4 projections
Despite beating expectations on profit, the off-price retailer fell slightly short on revenue and projected lower-than-expected same-store sales for Q4.
By Cara Salpini • Nov. 20, 2018 -
Victoria's Secret's broken angel wings
The third quarter brings the latest sign of trouble for L Brands' dimming star. Can new lingerie chief John Mehas bring the light?
By Daphne Howland • Nov. 20, 2018 -
Kohl's Q3 tees itself up well for the holidays
Despite this, the discount department store could face difficulty, considering it's competing with off-price retailers with more robust supply chains.
By Daphne Howland • Nov. 20, 2018 -
Lowe's closing Mexico operations
The home improvement retailer's Q3 sales rose to $17.4 billion, but it has much to do to catch up to its main rival, sector leader The Home Depot.
By Daphne Howland • Nov. 20, 2018 -
Deep Dive
6 Amazon private labels to watch
When it comes to its own brands, Amazon has some key advantages: resources, search dominance, market share and a whole lot of data.
By Ben Unglesbee • Nov. 20, 2018 -
Deep Dive
8 Target private label brands that launched this year
The success of the company's Cat & Jack children's brand in 2016 has sparked a slew of proprietary brands that are helping the mass merchant differentiate.
By Corinne Ruff • Nov. 20, 2018 -
Amazon, Pep Boys expand tire installation services partnership
Manny, Moe and Jack would approve of bringing the service to more locations.
By Dan O'Shea • Nov. 19, 2018 -
Lidl's acquisition of Best Market could 'jump-start' US push
The discount grocer is adding 27 stores in New York and New Jersey to the fold, the company's first major acquisition since it entered the U.S. in 2017.
By Christopher Doering , Krishna Thakker • Nov. 19, 2018 -
Mattress Firm to exit bankruptcy 'in the coming days'
Just over a month later, the mattress retailer announced its intentions to exit Chapter 11 with a lighter footprint and a stronger balance sheet.
By Cara Salpini • Nov. 19, 2018 -
What went wrong at David's Bridal?
The bridal retailer's bankruptcy filing will bring an influx of $60 million in new financing. But is it tulle little, tulle late?
By Kaarin Moore • Nov. 19, 2018 -
J. Crew CEO out in just over a year
It was always going to be difficult for James Brett to orchestrate a turnaround with his longtime predecessor on the board.
By Daphne Howland • Nov. 19, 2018 -
Chanel claims The RealReal is selling fake handbags
The French fashion house claims that in addition to allegedly selling fakes, the luxury online consignment retailer forces its customers to rely on its own authentication rather than Chanel's.
By Daphne Howland • Updated Nov. 19, 2018 -
Home Depot's 'year of the pilot' spurs new facilities, 2-day delivery
In a new initiative, the retailer developed a "dynamic ETA" for more exact delivery dates based on zip codes.
By Shefali Kapadia • Nov. 19, 2018 -
Nordstrom overcharged $72M to customers
The retailer will be issuing refunds to 4% of Nordstrom cardholders, with most receiving less than $100.
By Daphne Howland • Nov. 16, 2018 -
Oracle calls on digital assistant to boost operational productivity
Announced last month, this could be the latest virtual assistant to impact retail, but on the back end of the business.
By Dan O'Shea • Nov. 16, 2018 -
Shyft raises $6.5M to fuel workforce management app
The platform enables retail and service employees to easily swap work shifts.
By Dan O'Shea • Nov. 16, 2018