Financial News: Page 200
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Albertsons and Rite Aid cancel merger amid shareholder opposition
The $24 billion deal was criticized as undervaluing the drug store chain, with the owner of Safeway and its namesake chain unwilling to raise its offer.
By Jeff Wells • Aug. 9, 2018 -
Whole Foods launches curbside pickup for Prime members
The service, available in Sacramento and Virginia Beach, will allow shoppers to pick up groceries ordered via the Prime Now app.
By Krishna Thakker • Aug. 8, 2018 -
CVS retail sales suffer amid shift to healthcare
The retailer, which is awaiting approval of its merger with health insurer Aetna, stoked revenue despite lower sales in the front of its stores.
By Daphne Howland • Aug. 8, 2018 -
Jimmy Choo kicks up Michael Kors revenue
The brand appears to be gaining in its turnaround after over-saturating malls and department stores with discounted merchandise.
By Daphne Howland • Aug. 8, 2018 -
Petco partners with Canadian Tire
The move into Canada is the latest in Petco's growth playbook in a highly competitive market.
By Daphne Howland • Aug. 8, 2018 -
Walmart is now selling Gobble meal kits on its website
The retailer has added the 15-minute, one-pan offerings to an assortment that includes both online and in-store options.
By Patti Zarling • Aug. 7, 2018 -
Office Depot's back-to-business approach pays off
The company still runs some 1,400 stores, but it's letting go of a consumer retail focus as Amazon continues to grab those sales.
By Daphne Howland • Aug. 7, 2018 -
Mattress Firm reportedly mulling bankruptcy
The company runs a whopping 3,000 stores in the U.S. at a time when mattress sales are moving online.
By Daphne Howland • Aug. 7, 2018 -
Tariff talk could 'rattle retail,' Moody's says
Even without the worry of tariffs, the healthy U.S. economy hasn't reached all retailers, according to a new report from the financial services company.
By Daphne Howland • Aug. 7, 2018 -
National Stores and Gump's file for bankruptcy
While the owner of discount chain Fallas is planning to restructure, the fate of the San Francisco regional department store is less clear.
By Daphne Howland • Aug. 7, 2018 -
Etsy banks on price hikes for continued growth
Gross merchandise sales jumped 20% over last year as the marketplace begins to turn things around under CEO Josh Silverman
By Daphne Howland • Aug. 7, 2018 -
Nordstrom poaches Tesco exec to fill CTO spot
After 18 months without a CTO, Edmond Mesrobian will step in to help drive the department store retailer's technology ambitions.
By Dan Alaimo • Aug. 7, 2018 -
Retail adds 66K jobs in July
The industry is benefiting from strong consumer confidence, but employment growth appears to be slowing as wage gains remain elusive.
By Daphne Howland • Aug. 6, 2018 -
Walmart hit with $2B lawsuit over produce technology
Zest Labs claims the retailer stole its proprietary information to develop Eden, a management system that can extend the shelf life of fruits and vegetables.
By Alicia Kelso • Aug. 3, 2018 -
Ascena names new heads for Loft, Ann Taylor
Merchandising has been a weakness across Ascena's portfolio, and the conglomerate promoted two merchandisers to lead its premium segments.
By Daphne Howland • Aug. 3, 2018 -
Wayfair posts Amazon-like sales growth, and a $100M loss
The online furniture and home goods retailer is also reportedly departing from its pure-play stance with plans for a physical store in Kentucky.
By Daphne Howland • Aug. 3, 2018 -
Rent the Runway snags $200M in new financing
The money will reportedly go toward expanding the fashion-rental startup's assortment and logistics.
By Daphne Howland • Aug. 3, 2018 -
Brandless snags another $240M in investments
The private-label consumer products retailer will use the money to expand its assortment and its operations.
By Daphne Howland • Aug. 2, 2018 -
Skip the store: Kroger unveils direct-to-consumer grocery marketplace
The company's Ship service will launch in four cities and offer more than 50,000 shelf-stable and bulk products, with free delivery on orders over $35.
By Jeff Wells • Aug. 2, 2018 -
Target to drop Champion activewear line
The retailer is ditching a longstanding brand that is on the rise, and could be working on its own private label.
By Daphne Howland • Aug. 2, 2018 -
Brookstone files for bankruptcy with plans to sell itself
As it seeks a buyer, the retailer of gadgets and novelties plans to shut down its remaining 101 mall stores in Chapter 11 — its second in about four years.
By Ben Unglesbee • Aug. 2, 2018 -
Container Store raises guidance on Q1 sales surprise
The turnaround traction evident in its previous quarter continues apace.
By Daphne Howland • Aug. 1, 2018 -
Deep Dive
10 retailers at risk of bankruptcy: Q2 update
More than half a dozen retailers have filed for bankruptcy in 2018, pointing to more struggles ahead. With data from CreditRiskMonitor, we looked at companies that may be vulnerable.
By Ben Unglesbee • Aug. 1, 2018 -
J. Crew opens NYC men's shop
The new location in Brooklyn's thriving Dumbo neighborhood includes a six-chair barbershop.
By Daphne Howland • Aug. 1, 2018 -
Under Armour VP of global brand management departs
Adrienne Lofton led the brand's latest and largest-ever campaign in terms of global reach and investment, and some reports say she's headed for Nike.
By Erica Sweeney • Aug. 1, 2018