Financial News: Page 203
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Walmart mulls credit card switch
The retailer's credit business is unlikely to carry the level of perks found at other retailers, and a switch could be tricky, as Costco found out two years ago.
By Daphne Howland • July 13, 2018 -
Nike
New Nike concept store goes Live in LA
Experiential doesn't mean the same for every brand, concept or customer. That's a lesson the retailer is taking to heart as it iterates on the future of direct-to-consumer stores.
By Corinne Ruff • July 12, 2018 -
CommerceHub taps former J.C. Penney exec as COO
The supply chain network is looking to expand its relationships with retailers and add new products and capabilities.
By Ben Unglesbee • July 12, 2018 -
Walmart says no plans to sell Seiyu supermarket chain
The retail giant has squashed rumors earlier this week that it approached major retailers and private equity funds about selling its Japanese unit.
By Corinne Ruff • Updated July 13, 2018 -
Sears slashes another 200 corporate jobs
The department store retailer has cut about 420 jobs so far this year as it attempts to reduce costs, but Sears acknowledges job cuts could hurt its business.
By Ben Unglesbee • July 12, 2018 -
Abercrombie checks in to sbe hotels
Retail at hotels is nothing new, but many partnerships between retail and the hospitality industry now go well beyond traditional enterprises like lobby gift shops or coffee stands.
By Daphne Howland • July 12, 2018 -
Walmart
Walmart expanding c-store test
The retail giant aims to make shopping easier with fuel centers located in the parking lots of its massive supercenters.
By Daphne Howland • July 12, 2018 -
Deep Dive
Which retailers spend the most on lobbying?
While Walmart has kept a staid approach in Washington, Amazon's efforts have skyrocketed in recent years.
By Corinne Ruff • July 11, 2018 -
Corinne Ruff
Nordstrom investors balk at 5-year plan
The department store retailer laid out a set of ambitious goals for the next few years to grow sales and invest in digital capabilities.
By Corinne Ruff • July 11, 2018 -
Marvin Ellison shakes up his Lowe's team
The COO and chief customer officer roles have been axed as the newly arrived CEO works to move the retailer out from under The Home Depot's shadow.
By Daphne Howland • July 11, 2018 -
Fabletics will open 75 new stores in big growth push
The brand is holding its own in the booming activewear category, but competition is fierce. An expanded executive team and merchandising upgrades are positioned to help.
By Daphne Howland • July 11, 2018 -
Dip
Grocery giant Kroger tries on a new outfit with apparel line
The company hired Joe Mimran, the acclaimed designer and the mind behind Loblaws' Joe Fresh brand, to create a signature clothing brand called Dip.
By Krishna Thakker • July 10, 2018 -
The Fresh Market to shutter 15 stores as part of turnaround plan
The closures across nine states follow the grocer's decision earlier this year to halt growth and focus on existing locations.
By Jeff Wells • July 10, 2018 -
Evine Live fortifies beauty play with Ready to Wear push
The partnership combines the on-fire beauty category and a growing interest in video commerce, and makes Evine an even better acquisition prospect for Amazon.
By Daphne Howland • July 10, 2018 -
Lawmakers want answers in the death of Toys R Us
In a recent letter, Democratic politicians grilled the bankrupt toy retailer's private equity owners about the massive debt load left from their 2005 leveraged buyout of Toys R Us.
By Ben Unglesbee • Updated July 10, 2018 -
Judge tosses lawsuit over L.L. Bean's limited guarantee
The plaintiff argued that changes restricting the retailer's former lifetime guarantee harmed customers who expected to benefit from the policy. The court said he had no case.
By Daphne Howland • July 9, 2018 -
Deep Dive
9 things to watch for on Prime Day 2018
The day has rocketed to the top shopping day of the third quarter, according to some data — and it's not just for Amazon customers anymore.
By Ben Unglesbee • July 9, 2018 -
Hudson's Bay cuts deal with rival for European joint venture
After denying reports in July that it had signed an agreement with rival Signa Holding, Hudson's Bay said Tuesday that it was combining its operations and assets on the continent with a Signa subsidiary.
By Ben Unglesbee • Updated Sept. 11, 2018 -
Amazon reportedly working on a Toys R Us-like holiday catalog
The e-commerce giant is hardly alone in seizing opportunity in the wake of the toy retailer's demise, but it's in a particularly good position for it.
By Daphne Howland • July 6, 2018 -
Walmart taps outsiders for customer, marketing roles
Executives from American Express and TripAdvisor will arrive this summer to help the retail giant better connect with shoppers.
By Daphne Howland • July 6, 2018 -
Laura Klepacki
Macy's plots Bluemercury expansion
The upscale beauty and spa retailer was acquired three years ago and is now a key part of its defensive move against disrupters Sephora and Ulta.
By Daphne Howland • July 6, 2018 -
Courtesy of Target
Target automating cash-counting at stores
The mass merchant is adding 500 automatic cash-counting machines to stores in August, and more by the end of the year, to free up employee time for customers.
By Corinne Ruff • July 5, 2018 -
Rockport settles with Adidas, clearing way for bankruptcy sale
Adidas, the brand's former owner, objected to the private equity sale saying Rockport still owed it money.
By Ben Unglesbee • Updated Aug. 2, 2018 -
Christopher Doering
It's becoming more expensive to be a Whole Foods supplier
In addition to merchandising fees and having to pay to run in-store demos, vendors are now being charged for the grocer’s Prime member discounts.
By Jeff Wells • July 5, 2018 -
Barnes & Noble axes CEO over unnamed 'violations'
The removal of Demos Parneros marks the fifth chief executive turnover in as many years.
By Daphne Howland • July 5, 2018
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