Financial News: Page 208
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Comcast debuts experiential Xfinity retail stores
The cable provider is making a bold brick-and-mortar play at a time when legacy retailers are shuttering their doors.
By Daphne Howland • June 6, 2018 -
Neiman Marcus launches 'Idea Factory' to drive store traffic
The concept is led by Ed Burstell, who returned to the department store in a newly created role to drive creativity and inspiration.
By Daphne Howland • June 6, 2018 -
Reformation turns to Nordstrom to widen reach
The brand this month also enlisted enterprise SaaS commerce platform Workarea for its e-commerce and tech-enabled retail stores.
By Daphne Howland • June 6, 2018 -
RILA competition aims to rethink retail for the circular economy
The tech competition, to take place in the fall, encourages university students to develop more sustainable concepts for the industry.
By Dan Alaimo, Corinne Ruff • June 6, 2018 -
Designer Kate Spade dead at 55
Spade and her husband Andy launched her eponymous brand in 1993, and the pop-colored, preppy sensibility of her handbags and shoes gained an enduring following.
By Daphne Howland • June 5, 2018 -
Longtime Starbucks exec Howard Schultz steps down from board
Schultz shepherded the coffeehouse from 11 Seattle stores in 1987 to a global juggernaut with more than 28,000 stores in 77 countries — now some say he's ready to run for president.
By Daphne Howland • June 5, 2018 -
Hudson's Bay to close Lord & Taylor flagship
The department store retailer is making dramatic moves to turn the luxury chain around, including closing up to 10 stores, as losses widen across the company.
By Ben Unglesbee • June 5, 2018 -
Walmart divests Brazil operations
The sale to a global private equity firm enables Walmart to focus more attention on its new Flipkart acquisition in India.
By Daphne Howland • June 5, 2018 -
Justice gives Ascena a ray of hope
The tween brand was the apparel conglomerate's only banner to pull in positive comparable sales in the most recent quarter.
By Daphne Howland • June 5, 2018 -
GameStop sales plummet as interim CEO steps in
The retailer recently tapped ex-Microsoft executive Shane Kim as a temporary chief while searching for a permanent leader.
By Daphne Howland • June 4, 2018 -
Walmart, Target, Kohl's see the light at the end of Toys R Us' tunnel
As the big box toy seller recedes from the U.S. market, major retail players are signaling plans to expand in the toy category well ahead of the holidays.
By Ben Unglesbee • June 4, 2018 -
DSW reportedly ends sales of Ivanka Trump shoes
The Ivanka Trump brand, which was dropped by several retailers last year, has refuted claims that DSW is no longer carrying the brand, according to Racked.
By Daphne Howland • June 4, 2018 -
Ikea nixes plans for 3 US stores
The Swedish furniture giant has put more resources behind e-commerce expansion and an experiment with smaller stores in urban areas.
By Daphne Howland • June 4, 2018 -
Amazon 'doesn't have private labels cracked,' report says
The e-commerce giant is on pace to own more than 75% of all product searches online, while its own labels compete with other brands on the site, according to a new study by Jumpshot.
By Daphne Howland • June 4, 2018 -
As shareholder meeting ends, Walmart ponders retail's future
"We're moving faster than ever before and moving fast has never been more important," Marc Lore, head of Walmart e-commerce, told a crowd of 14,000 associates on Friday.
By Corinne Ruff • June 1, 2018 -
Abercrombie continues to lean on Hollister for growth
The company's loss narrowed in the first quarter as it kept an eye on expenses and bolstered sales, especially at its less expensive teen brand.
By Daphne Howland • June 1, 2018 -
Dollar General's sales up 9%, but investors worry about price competition
The deep discounter said that unseasonable weather hurt sales growth in the first quarter, but some analysts are looking down the road at Family Dollar and wondering if the sector is getting tougher.
By Ben Unglesbee • June 1, 2018 -
Ulta shrugs off department store challengers
The beauty retailer is set on its course of opening 100 stores per year and continues to resonate with key demographics, executives said.
By Daphne Howland • June 1, 2018 -
Costco again proves it's the 'retail poster child for consistency'
The membership retailer is keeping prices down and wages up while it protects e-commerce margins with careful online assortments.
By Daphne Howland • June 1, 2018 -
Lululemon bests estimates with 'mindful approach' to quality
The athleisure innovator seems to be shrugging off the competition it's attracted, posting huge surges in sales and profit in the first quarter.
By Daphne Howland • June 1, 2018 -
REI's Memorial Day sales outpaced average by 600%
The co-op retailer also attracted more market share in the outdoor retailing space as Walmart's smaller Moosejaw unit slipped.
By Daphne Howland • June 1, 2018 -
Meet Jetblack, Walmart's click-free shopping service for upper-income New Yorkers
The concierge shopping service is the first out of the gate for Walmart's Store No.8 incubator, and according to its founder Jenny Fleiss, is a game changer for busy urban parents and other retailer partners looking to grow sales.
By Laura Heller • May 31, 2018 -
PayPal acquires AI-driven predictive marketing company Jetlore
PayPal's latest acquisition shows it is looking beyond payments to make itself a more valuable partner for retailers.
By Dan O'Shea • May 31, 2018 -
Sears moves to close more than 70 stores as sales plummet
The department store retailer posted another large loss and a nearly 12% decline in comparable sales for its first quarter.
By Ben Unglesbee • May 31, 2018 -
Target expands same-day delivery across the Midwest
In just six months since acquiring same-day delivery darling Shipt, the service has been scaled to offer same-day delivery in over 90 markets.
By Corinne Ruff • May 31, 2018