Financial News: Page 211


  • Bankrupt Brookstone lands $35M bid from Authentic Brands

    ABG has been on the hunt for opportunities like this one, and the gift and gadget retailer would expand its stable of mostly apparel brands. 

    By Aug. 28, 2018
  • BJ's Wholesale on solid ground post-IPO

    The membership retailer anticipates more improvements after a healthy quarter that largely met expectations.

    By Aug. 28, 2018
  • Bernie Sanders introduces 'Stop BEZOS' bill

    The bill's title is an open jab at Amazon's CEO, and would require corporations with more than 500 employees to pay taxes for the full amount employees receive in government assistance.

    By Updated Sept. 6, 2018
  • Is the Gap brand an anchor or an albatross for its parent?

    With its flagship in tatters, Gap Inc.'s other brands, especially Old Navy, are its bulwark. But can they sustain it?

    By Aug. 27, 2018
  • Foot Locker is on the rebound as comps shift into the black

    The company sees even stronger results coming in the second half of the year, which is good news for Nike, too.

    By Aug. 27, 2018
  • Gap brand comps plummet 5%

    Once again in the second quarter, Old Navy supported Gap Inc.'s results, even as Banana Republic regains its footing.

    By Aug. 24, 2018
  • Children's Place sales jump 20% as it preys on competitors

    CEO Jane Elfers signaled to Gymboree and just about every other seller of children's apparel that the retailer is coming for their market share. 

    By Aug. 24, 2018
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    Sephora
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    Sephora outpaces Ulta's footfall even with fewer stores

    The French beauty retailer appears to be doing more with less, thanks to a range of tech and marketing tools in stores and online.

    By Aug. 24, 2018
  • Ross ups long-term store potential to 3K

    Brick-and-mortar plans at the off-price retailer include opening an average of 100 stores per year, with an eventual footprint of 2,400 for Ross Dress for Less.

    By Aug. 24, 2018
  • Sears looks to close another 46 stores

    The retailer slashed 75% of its store base over the past decade as its sales base collapsed. 

    By Aug. 23, 2018
  • Williams-Sonoma delivers as furniture sales move online

    The company's brands continue to depend on store sales despite the company's robust e-commerce increases.

    By Aug. 23, 2018
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    Champion
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    Champion opens second US store, in NYC

    The brand has emerged as a key driver of growth for parent Hanesbrands as street and retro styles continue to overshadow other athletics retailers.

    By Aug. 23, 2018
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    How will Google bust into brick and mortar?

    It's reportedly only a matter of time before the tech giant signs the lease on its first permanent store — and just what its physical strategy will look like remains to be seen. 

    By Aug. 23, 2018
  • Victoria's Secret's longtime Pink CEO to retire

    L Brands' flagship, Victoria's Secret, remains a juggernaut, notching $1.72 billion in second-quarter sales, but it's ceding market share to rivals.

    By Aug. 23, 2018
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    Boxed
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    Boxed plans to expand footprint with new funding

    The online club retailer, which rejected a bid from Kroger earlier this year, plans to put the $111 million toward marketing, expanding into new markets and growing its automated fulfillment centers. 

    By Alicia Kelso • Aug. 22, 2018
  • Old Navy finally brings extended sizes into stores

    Through a new "Size YES" campaign, Old Navy is bringing its previously online-only plus collection into 75 locations.

    By Aug. 22, 2018
  • Target store traffic smashes records — again

    The mass merchant notched an unprecedented 6.4% growth in store traffic as it accelerates plans to use its physical footprint to meet digital and delivery goals.

    By Aug. 22, 2018
  • Serta Simmons merging with mattress startup Tuft & Needle

    Big players in the sleep space are increasingly investing in the startups that have seriously challenged them in recent years.

    By Aug. 22, 2018
  • Kohl's adds Nine West to growing millennial-focused assortment

    Authentic Brands Group has wasted little time repositioning its newly-acquired Nine West brand.

    By Aug. 22, 2018
  • Urban Outfitters' net sales hit record $992M

    Fashion trends and a robust economy helped deliver profits to all of the company's apparel brands, including staple brands Free People, Urban Outfitters and Anthropologie.

    By Aug. 22, 2018
  • Lowe's to shutter all 99 Orchard Supply stores

    The news comes as the home improvement retailer posted healthy second quarter sales and brought in a new chief financial officer from CVS.

    By Aug. 22, 2018
  • What's behind Best Buy's $800M foray into healthcare services?

    Best Buy helped define big-box specialty retail decades ago. With its latest acquisition, the electronics seller shows it's once again at the forefront of retail's evolution.

    By Aug. 22, 2018
  • TJX sales up 12% on 16th straight quarter of traffic increases

    The off-price retailer is living out a department store's dream, in which e-commerce doesn't matter much at all, and a steady stream of young customers are filing through the doors.

    By Aug. 21, 2018
  • Kohl's posts 4th successive revenue beat

    Through initiatives in supply chain, loyalty and merchandising, the company has positioned itself to grab market share from rivals like J.C. Penney.

    By Aug. 21, 2018
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    JCP
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    J.C. Penney scores Big & Tall assist from Shaquille O'Neal

    The retailer is putting up mostly air balls in apparel, but its new partnership could be a slam dunk as it grasps for a competitive advantage. 

    By Aug. 21, 2018