Financial News: Page 210
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Private equity owner reportedly mulls Eddie Bauer-PacSun merger
Golden Gate Capital acquired both brands out of bankruptcy and has had trouble unloading them.
By Daphne Howland • May 25, 2018 -
Where will Marvin Ellison lead Lowe's?
The outgoing J.C. Penney CEO will take the reins at Lowe's after a lackluster performance in the first quarter of the year.
By Corinne Ruff • May 24, 2018 -
PetSmart hires new CEO
Academy Sports + Outdoors' J.K. Symancyk has a few issues to grapple with, including the pet supply retailer's debt and losses at its Chewy e-commerce site.
By Daphne Howland • May 24, 2018 -
Kroger buys meal kit maker Home Chef for $200M
The deal includes $500 million in additional incentives if the kit company hits performance goals around online and in-store sales.
By Jeff Wells • May 24, 2018 -
Best Buy stokes growth despite mobile store closures
The electronics retailer is proving that its stores are important even in an era when digital sales are accelerating.
By Daphne Howland • May 24, 2018 -
Tiffany blooms with millennial-focused Paper Flowers
The iconic jeweler is ready for growth in a more favorable macro environment as new designs resonate with young and old customers alike.
By Daphne Howland • May 24, 2018 -
L Brands' profits fall as Victoria's Secret fights to keep customers
The Victoria's Secret push-up is getting serious push-back, and the brand hasn't adjusted its marketing to evolving consumer tastes.
By Daphne Howland • May 24, 2018 -
Kohl's boosts margins with 7% inventory reduction
The retailer's omnichannel strategy involves leveraging its stores as fulfillment centers, serving online orders while driving foot traffic to brick-and-mortar stores.
By Shefali Kapadia • May 23, 2018 -
Traffic to Target stores strongest in 10 years
It's been an expensive quarter for Target with significant spend on stores and digital fulfillment, but the investment appears to be paying off with customers.
By Corinne Ruff • May 23, 2018 -
Toy mogul drops his bid to save Toys R Us in the US
Isaac Larian made a passionate case for saving a downsized version of the toy retailer's domestic operations, but came up short against creditor demands.
By Ben Unglesbee • May 23, 2018 -
Ralph Lauren is still struggling in North America
The brand may need to take a more nuanced approach to its pullback from department stores and off-price retailers, analysts say.
By Daphne Howland • May 23, 2018 -
Deep Dive
Will J.C. Penney's turnaround ever end?
More than half a century ago, the department store retailer anchored itself to the American mall. But customers have moved on, and so has the CEO.
By Ben Unglesbee • May 23, 2018 -
Urban Outfitters records positive sales at every brand
This quarter marked the first in four years when Urban Outfitters' store comps have been positive overall and at each of its brands, executives said.
By Daphne Howland • May 23, 2018 -
Massive Miami-Dade mall to be the largest in the US
"American Dream Miami" would eclipse the Mall of America in size and scope, and could help re-invent shopping centers for a new era.
By Daphne Howland • May 23, 2018 -
Adobe to acquire commerce platform Magento
The deal, priced at $1.68 billion, is aimed at creating a comprehensive e-commerce platform that would integrate B2B and B2C customer experiences.
By Dan O'Shea • May 22, 2018 -
Best Buy rolls out Geek Squad subscription
Best Buy is revitalizing the service by adding a full-year subscription plan to help customers with all their technology needs.
By Dan O'Shea • May 22, 2018 -
Amazon breaks into Fortune 500's top 10
Walmart topped the list once again and marked the first time a company on the magazine's list has topped $500 billion in revenue.
By Daphne Howland • May 22, 2018 -
Saks moves beauty sales to 2nd floor of NYC flagship
Department stores are updating how they approach key categories to better compete with an onslaught of competitors.
By Daphne Howland • May 22, 2018 -
TJX sales up 12% on strong customer traffic
New CEO Ernie Herrman said the company could grab even more market share as comps in the Marmaxx division increase 4%.
By Ben Unglesbee • May 22, 2018 -
J.C. Penney CEO leaving for Lowe's
Marvin Ellison helped slow losses at the department store retailer and now returns to his roots (and greener pastures) as CEO of the home improvement chain.
By Ben Unglesbee • May 22, 2018 -
US hits pause on trade war with China
Just last week, a number of retail trade groups and executives testified before the United States Trade Representative on the potential impact of proposed $50 billion in tariffs on China, which may still be on the table.
By Corinne Ruff • May 22, 2018 -
Kohl's gains solid footing as it chases millennials
The discount department store is launching a new apparel collection in collaboration with PopSugar in an effort to draw in younger shoppers.
By Daphne Howland • May 22, 2018 -
Sears brings in $425M in credit card deal with Citi
The deal brings a much-needed influx of cash and adds another five years to Sears' agreement with Citi, which services cards tied to the retailer's Shop Your Way loyalty program.
By Ben Unglesbee • May 21, 2018 -
Whole Foods expands to housewares at NJ store
Company executives say Plant & Plate, which will sell candles and other wares made locally, is not tied to its recent purchase by Amazon.
By Patti Zarling • May 21, 2018 -
Macy's revamps in-store beauty to challenge Sephora
The department store retailer is finally dismantling its old-school, brand-siloed beauty sales approach.
By Daphne Howland • May 21, 2018