Financial News: Page 197
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Big Lots' new furniture focus boosts sales
A new CEO will arrive next month as the company undertakes new marketing and store concept initiatives.
By Daphne Howland • Aug. 31, 2018 -
Wegmans launches app to assist visually impaired customers
The Rochester, New York-based retailer is the first grocer to debut this technology to help low-vision and blind shoppers navigate stores.
By Lillianna Byington • Aug. 30, 2018 -
Dollar General sales surge 10.6%
With signs of trouble ahead for lower-income consumers, more growth is likely in store.
By Daphne Howland • Aug. 30, 2018 -
Tempur-Pedic denied motion for preliminary injunction against Mattress Firm
The brand's lawsuit claims that the mattress retailer is "copying the look and feel of the entire Tempur-Pedic brand and consumer experience."
By Cara Salpini • Updated Jan. 18, 2019 -
Dollar Tree bets on renovations to boost Family Dollar
The weaker of the discounter's two banners posted sluggish results again, but executives are looking to revive Family Dollar with fresh looks and stable management.
By Ben Unglesbee • Aug. 30, 2018 -
Burlington falls despite strong Q2 top line
Not all off-price retailers are alike, and Burlington is more likely than TJX's banners to face competition from Walmart, which has upped its apparel game.
By Daphne Howland • Aug. 30, 2018 -
Hollister disappoints as execs reiterate brick-and-mortar plan
A same-store sales miss at Abercrombie & Fitch Co.'s lower-priced Hollister brand sent shares down Thursday.
By Daphne Howland • Aug. 30, 2018 -
RetailMeNot hires Amazon exec as new CTO
Vivek Sagi had been head of product and engineering for Amazon Business Procurement Solutions and also previously served as CTO of Amazon's Woot.com electronics marketplace.
By Dan O'Shea • Aug. 30, 2018 -
Ex-Barnes & Noble CEO sues for defamation
Demos Parneros alleged that his firing last month was engineered by founder Leonard Riggio, not long after a buyer for Barnes & Noble backed out of a deal.
By Corinne Ruff • Aug. 29, 2018 -
Dick's blames sales miss on Under Armour
In a slew of tough Q2 results, the athletics retailer missed both net sales and same-store sales estimates, calling out Under Armour's expanded distribution as a factor.
By Cara Salpini • Aug. 29, 2018 -
Kohl's cuts 60 corporate tech jobs
While cutting tech workers, the department store retailer continues to invest in new initiatives including cloud technologies.
By Dan Alaimo • Aug. 29, 2018 -
American Eagle plans 50 to 80 new Aerie stores
If denim sales are under pressure in the market, American Eagle isn't feeling it — and a 27% sales increase at Aerie doesn't hurt either.
By Daphne Howland • Aug. 29, 2018 -
Q&A
Guitar Center's new HR chief on rocking a company culture
The Hollywood-based chain is nearing its 60th birthday, but it's that history that drives employee (and customer) enthusiasm in stores, Anne Buchanan said.
By Ryan Golden • Aug. 29, 2018 -
J. Crew steadies sales ahead of brand revamp
The company says it will close more stores than previously announced as it prepares to launch major style changes to its struggling flagship.
By Daphne Howland • Aug. 29, 2018 -
DSW to shutter Town Shoes business
The retailer is enjoying the backdrop of a healthy economy as it grapples with its acquisition of a family of Canadian shoe banners.
By Daphne Howland • Aug. 28, 2018 -
Lowe's announces CIO vacancy as C-suite undergoes overhaul
The company's former CIO Paul Ramsay departed near the end of July, according to Lowe's.
By Samantha Schwartz • Aug. 28, 2018 -
Best Buy beats Q2 expectations with 'excellent execution'
The electronics retailer is leaning on services to smooth out revenue and profits, but it's also doing well selling old-fashioned electronics merchandise.
By Daphne Howland • Aug. 28, 2018 -
Bankrupt Brookstone lands $35M bid from Authentic Brands
ABG has been on the hunt for opportunities like this one, and the gift and gadget retailer would expand its stable of mostly apparel brands.
By Ben Unglesbee • Aug. 28, 2018 -
BJ's Wholesale on solid ground post-IPO
The membership retailer anticipates more improvements after a healthy quarter that largely met expectations.
By Daphne Howland • Aug. 28, 2018 -
Bernie Sanders introduces 'Stop BEZOS' bill
The bill's title is an open jab at Amazon's CEO, and would require corporations with more than 500 employees to pay taxes for the full amount employees receive in government assistance.
By Corinne Ruff • Updated Sept. 6, 2018 -
Is the Gap brand an anchor or an albatross for its parent?
With its flagship in tatters, Gap Inc.'s other brands, especially Old Navy, are its bulwark. But can they sustain it?
By Daphne Howland • Aug. 27, 2018 -
Foot Locker is on the rebound as comps shift into the black
The company sees even stronger results coming in the second half of the year, which is good news for Nike, too.
By Daphne Howland • Aug. 27, 2018 -
Gap brand comps plummet 5%
Once again in the second quarter, Old Navy supported Gap Inc.'s results, even as Banana Republic regains its footing.
By Daphne Howland • Aug. 24, 2018 -
Children's Place sales jump 20% as it preys on competitors
CEO Jane Elfers signaled to Gymboree and just about every other seller of children's apparel that the retailer is coming for their market share.
By Ben Unglesbee • Aug. 24, 2018 -
Sephora outpaces Ulta's footfall even with fewer stores
The French beauty retailer appears to be doing more with less, thanks to a range of tech and marketing tools in stores and online.
By Daphne Howland • Aug. 24, 2018