Financial News: Page 204
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Colgate reportedly to invest in subscription startup Hubble
The delivery startup would help develop subscriptions for Colgate's oral care and other products, The Wall Street Journal reports.
By Daphne Howland • July 3, 2018 -
Opinion
Brick-and-mortar retail's most important renovation: The workforce
The key to creating vibrant, experiential store environments is people, writes Marcie Merriman of Ernst & Young.
By Marcie Merriman • July 2, 2018 -
Nordstrom downgraded on margin, Rack pressures
The note from Cowen analysts Monday, noting short-term concerns about investments and slow sales, is a perfect example of why the Nordstrom family wanted to take the retailer private.
By Daphne Howland • July 2, 2018 -
Camping World leans on Gander brand in RV push
The outdoor retailer plans to open 40 new locations in places where it acquired Gander Mountain stores and has not yet pushed into the RV market.
By Daphne Howland • July 2, 2018 -
Nike's 'winning strategy' marks a return to North America
The sportswear giant notched its first sales gain in the area in four quarters, and analysts say a direct-to-consumer strategy is part of the reason for that.
By Daphne Howland • June 29, 2018 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M grapples with $4B in excess clothing
The fast-fashion retailer in recent quarters has been neither fast nor fashionable, as style misses and logistics snafus continue to bloat inventories.
By Daphne Howland • June 29, 2018 -
Pier 1 digs into turnaround plan as sales fall 9.2%
The home goods retailer is working to improve its branding, stores, digital operations and supply chain — exactly what Pier 1 needs to do to catch up.
By Ben Unglesbee • June 28, 2018 -
Amazon to acquire online pharmacy PillPack
The e-tailer said the deal will help it enter the pharmacy space. Experts had warned that barriers to entry were daunting challenges, but acquiring PillPack may solve some of those.
By David Lim • June 28, 2018 -
Bed Bath & Beyond comps fall as coupon craze fades
The home furnishings retailer is losing on price to Amazon and Walmart, but hopes to further establish itself with private label lines.
By Corinne Ruff • June 28, 2018 -
Walgreens tumbles as reality sets in
The drugstore retailer posted healthy top and bottom-line gains, but the front of the store is lacking and could hurt pharmacy sales if foot traffic falls.
By Daphne Howland • June 28, 2018 -
The Container Store unveils 'next generation' store in Dallas
The retailer is inviting shoppers at its remodeled flagship to provide feedback on new merchandising and tech design tools.
By Daphne Howland • June 28, 2018 -
What b8ta has figured out about retail
The startup says it's unearthed a new purpose for brick and mortar. Its Macy's partnership provides a chance to scale but could test the limits of the concept.
By Daphne Howland • June 28, 2018 -
Amazon seeks small businesses to deliver packages
The e-commerce giant is looking to build more capacity in the logistics space and take control of the last mile.
By Shefali Kapadia • June 28, 2018 -
Party City plans 'Toy City' pop-ups for a post-Toys R Us world
The seller of party goods plans to test 50 locations as the last national toy store chain liquidates, creating opportunities in the marketplace.
By Ben Unglesbee • June 27, 2018 -
"Bergdorf Goodman department store on Fifth Avenue from 57th to 58th Streets designed in 1928 by architects Kahn & Jacobs." by Christopher Peterson is licensed under CC BY 3.0
Shopbop CEO to lead Bergdorf Goodman
Darcy Penick helped scale Amazon's Shopbop to the kind of online fashion destination that Neiman hopes its banners can be.
By Daphne Howland • June 27, 2018 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples buys business solutions company HiTouch
Both Staples and rival Office Depot are elevating business services as office supply retail fades.
By Daphne Howland • June 27, 2018 -
B8ta snags $19M in funding round led by Macy's
The startup’s total funding to date is $39 million and the new infusion will help grow operations, including its new Macy's partnership.
By Daphne Howland • June 27, 2018 -
Supreme Court sides with American Express on swipe fees
Retail groups say the ruling is a huge loss to merchants, consumers and competition in the payments space.
By Corinne Ruff • June 26, 2018 -
Former Toys R Us CEO reportedly working to keep some US stores open
Jerry Storch is behind a bid by the buyer of the toy retailer's Canadian unit to potentially save hundreds of U.S. stores, according to Bloomberg.
By Ben Unglesbee • June 26, 2018 -
Amazon Prime savings expands to all Whole Foods stores
The online giant's discounts could double Whole Foods' customer base during the next five to 10 years, an RBC tech analyst told CNBC.
By Krishna Thakker • June 26, 2018 -
Overstock to collect sales tax following SCOTUS decision
Following the high court's landmark decision last week to strip a physical presence standard, the company said it will also begin expanding its physical footprint.
By Corinne Ruff • June 26, 2018 -
Casper continues push into Canada with Montreal pop-up
A permanent location in the city will soon follow, and the mattress retailer has plans for a British Columbia store as well.
By Daphne Howland • June 26, 2018 -
Deep Dive
Inside the 20-year decline of Toys R Us
Cost cuts, stressed employees, intercompany rivalries, dirty floors, dusty rafters, glitchy IT, fudged metrics: The people who ran the failed toy retailer's stores know what went wrong.
By Ben Unglesbee • June 26, 2018 -
Nordstrom taps comedians in Anniversary Sale push
The once-a-year midsummer tradition is all-important to loyal shoppers and more critically, to the department store's second quarter.
By Daphne Howland • June 26, 2018 -
REI deepens investment to 'rewild' 5 American cities
The outdoor retailer has donated $1.6 million since 2015 to expand and develop water paddling, hiking and cycling in nature near urban areas.
By Daphne Howland • June 25, 2018