Financial News: Page 198
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Ross ups long-term store potential to 3K
Brick-and-mortar plans at the off-price retailer include opening an average of 100 stores per year, with an eventual footprint of 2,400 for Ross Dress for Less.
By Daphne Howland • Aug. 24, 2018 -
Sears looks to close another 46 stores
The retailer slashed 75% of its store base over the past decade as its sales base collapsed.
By Ben Unglesbee • Aug. 23, 2018 -
Williams-Sonoma delivers as furniture sales move online
The company's brands continue to depend on store sales despite the company's robust e-commerce increases.
By Daphne Howland • Aug. 23, 2018 -
Champion opens second US store, in NYC
The brand has emerged as a key driver of growth for parent Hanesbrands as street and retro styles continue to overshadow other athletics retailers.
By Daphne Howland • Aug. 23, 2018 -
How will Google bust into brick and mortar?
It's reportedly only a matter of time before the tech giant signs the lease on its first permanent store — and just what its physical strategy will look like remains to be seen.
By Corinne Ruff • Aug. 23, 2018 -
Victoria's Secret's longtime Pink CEO to retire
L Brands' flagship, Victoria's Secret, remains a juggernaut, notching $1.72 billion in second-quarter sales, but it's ceding market share to rivals.
By Daphne Howland • Aug. 23, 2018 -
Boxed plans to expand footprint with new funding
The online club retailer, which rejected a bid from Kroger earlier this year, plans to put the $111 million toward marketing, expanding into new markets and growing its automated fulfillment centers.
By Alicia Kelso • Aug. 22, 2018 -
Old Navy finally brings extended sizes into stores
Through a new "Size YES" campaign, Old Navy is bringing its previously online-only plus collection into 75 locations.
By Daphne Howland • Aug. 22, 2018 -
Target store traffic smashes records — again
The mass merchant notched an unprecedented 6.4% growth in store traffic as it accelerates plans to use its physical footprint to meet digital and delivery goals.
By Corinne Ruff • Aug. 22, 2018 -
Serta Simmons merging with mattress startup Tuft & Needle
Big players in the sleep space are increasingly investing in the startups that have seriously challenged them in recent years.
By Daphne Howland • Aug. 22, 2018 -
Kohl's adds Nine West to growing millennial-focused assortment
Authentic Brands Group has wasted little time repositioning its newly-acquired Nine West brand.
By Daphne Howland • Aug. 22, 2018 -
Urban Outfitters' net sales hit record $992M
Fashion trends and a robust economy helped deliver profits to all of the company's apparel brands, including staple brands Free People, Urban Outfitters and Anthropologie.
By Daphne Howland • Aug. 22, 2018 -
Lowe's to shutter all 99 Orchard Supply stores
The news comes as the home improvement retailer posted healthy second quarter sales and brought in a new chief financial officer from CVS.
By Daphne Howland • Aug. 22, 2018 -
What's behind Best Buy's $800M foray into healthcare services?
Best Buy helped define big-box specialty retail decades ago. With its latest acquisition, the electronics seller shows it's once again at the forefront of retail's evolution.
By Daphne Howland • Aug. 22, 2018 -
TJX sales up 12% on 16th straight quarter of traffic increases
The off-price retailer is living out a department store's dream, in which e-commerce doesn't matter much at all, and a steady stream of young customers are filing through the doors.
By Ben Unglesbee • Aug. 21, 2018 -
Kohl's posts 4th successive revenue beat
Through initiatives in supply chain, loyalty and merchandising, the company has positioned itself to grab market share from rivals like J.C. Penney.
By Daphne Howland • Aug. 21, 2018 -
J.C. Penney scores Big & Tall assist from Shaquille O'Neal
The retailer is putting up mostly air balls in apparel, but its new partnership could be a slam dunk as it grasps for a competitive advantage.
By Daphne Howland • Aug. 21, 2018 -
Luxury marketplace Farfetch files IPO
The move is no big surprise and perhaps an absolute necessity for the marketplace as it aims to reach the next level.
By Dan O'Shea • Aug. 20, 2018 -
Walmart, Anthem partner on Medicare program
Various tie-ups between healthcare companies and retailers continue to emerge, with Walmart planning to offer discounts on over-the-counter medicines for certain Anthem customers.
By Daphne Howland • Aug. 20, 2018 -
J.C. Penney downgraded as uncertainty looms over 2018
Moody's and S&P lowered the company's credit rating after another poor performance and questions over the retailer's direction since Marvin Ellison's departure.
By Ben Unglesbee • Aug. 20, 2018 -
Claire's lender readies $1.5B bid for the bankrupt retailer
Oaktree Capital Management is putting its money where its mouth is by bidding on the retailer, an indication lenders see a future for the teen retailer.
By Ben Unglesbee • Aug. 20, 2018 -
Planet Fitness eyes malls for ongoing expansion
As landlords scramble to fill space left empty by traditional retailers, a mix of businesses are coming to the rescue.
By Daphne Howland • Aug. 20, 2018 -
Chicago Tribune: Google readying first retail store
The tech giant has experimented with pop-ups, but its widening array of devices makes brick-and-mortar retail an imperative if it's to take on Amazon.
By Daphne Howland • Aug. 17, 2018 -
Nordstrom reclaims the spotlight with 4% leap in comps
The department store retailer has righted its merchandise mix and protected margins both on and offline.
By Daphne Howland • Aug. 17, 2018 -
Alexa-Cortana voice integration speaks its first words
In an increasingly competitive space, the two tech giants just took a big step toward bolstering their competitive positions with an Alexa-Cortana collaboration.
By Dan Alaimo • Aug. 16, 2018