Financial News: Page 211
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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 -
Home Depot returns to Gartner's Top 25 with focus on omnichannel
The retailer had fallen off the charts for three years, but bounced back strong with priorities on inventory and profits.
By Edwin Lopez • May 21, 2018 -
Academy Sports taps Foot Locker's Ken Hicks as CEO
The industry veteran helped reverse Foot Locker's ailing fortunes as CEO from 2009 to 2014, and has more than three decades of merchandising, marketing and operational experience.
By Daphne Howland • May 21, 2018 -
David's Bridal taps new CEO from within
Before joining the struggling wedding apparel seller, Scott Key had led Gap Inc.'s successful Athleta athleisure brand.
By Daphne Howland • May 21, 2018 -
J.C. Penney prevails on loss prevention manager's race discrimination claims
An employee cannot prove discrimination by simply arguing that he was better qualified than the person who received the position he coveted, the court said.
By Lisa Burden • May 18, 2018 -
Pier 1 downgraded as it works on turnaround plan
A month after the company reported sales declines and a three-year, $60 million turnaround plan, analysts say it might not be enough to avoid the pressures of a hotly competitive sector.
By Ben Unglesbee • May 18, 2018 -
Nordstrom execs don't expect large-scale store closings
The company is profitable in all channels and is spending on innovations that could pay off in the long run, analysts say.
By Daphne Howland • May 18, 2018 -
BJ's Wholesale Club readies to go public with IPO filing
The club's private equity owners abandoned the idea last year, but haven't been able to sell the retailer.
By Daphne Howland • May 18, 2018 -
Another Alexa exec ditches Amazon
Amazon is in the crosshairs of tech exec poachers, but claims there is no "executive retention issue."
By Dan Alaimo • May 18, 2018 -
J.C. Penney gets burned by a cool spring
Captured market share in appliances and toys weren't enough to help the department store retailer, which is struggling with apparel sales.
By Ben Unglesbee • May 17, 2018 -
Macy’s expands mobile checkout, AR/VR furniture departments
The company is adding VR furniture showrooms to 60 stores after the tech "significantly increased" transaction size and reduced returns.
By Robert Williams • May 17, 2018 -
Walmart e-commerce growth rebounds
U.S. online sales at the big-box retailer jumped 33%, up from a 23% increase last quarter.
By Corinne Ruff • May 17, 2018 -
Kroger partners with Ocado in a bet on the future of online grocery
The Cincinnati-based retailer's agreement with the world’s largest online grocer will rapidly accelerate its automated fulfillment capabilities and position it to compete with Amazon and Walmart.
By Jeff Wells • May 17, 2018 -
Avenue taps new brand chief
Despite the opportunities in plus-size apparel, specialty retailers like Avenue have been faltering.
By Daphne Howland • May 17, 2018 -
Overstock launches 17 new private label furniture lines
The new merchandising comes as Overstock works toward selling itself, ideally to an established retailer whose online operations are behind the curve, said founder and CEO Patrick Byrne.
By Daphne Howland • May 17, 2018 -
Report: Amazon wraps up visits to 20 HQ2 finalists
Finalists already feel the impact. If it is attractive to Amazon, then it is attractive to other companies. Newark, New Jersey, Philadelphia and Austin, Texas had an increase in inquiries from other companies looking for a base.
By Samantha Schwartz • May 17, 2018 -
Warby Parker rival Eyebobs opens first physical store
The online eyewear retailer is just the latest e-commerce player to look toward brick and mortar for growth.
By Daphne Howland • May 17, 2018 -
Deep Dive
What does Amazon see in Sears?
A recent deal with the e-commerce giant sent Sears' stock price soaring by nearly 20%, but critics are skeptical about whether it will be a saving grace.
By Corinne Ruff • May 16, 2018 -
Walmart to debut digital Lord & Taylor flagship within weeks
The new fashion web mall will offer up two shops — one for everyday brands and the other for over 125 premium ones.
By Corinne Ruff • May 16, 2018 -
Toys R Us brand property going up for sale
The liquidating toy retailer said more than 60 parties are interested in buying the company's intellectual property.
By Ben Unglesbee • May 16, 2018 -
Macy's thinks it has a 'winning formula' as it crushes in Q1
The retailer blew past analyst expectations for the quarter, giving executives confidence in the department store's turnaround efforts.
By Ben Unglesbee • May 16, 2018 -
Moody's boosts J. Crew on cost cuts and Madewell growth
The retailer's turnaround is gathering steam, but J.Crew needs to bolster its flagship banner, according to Moody's Raya Sokolyanska.
By Daphne Howland • May 16, 2018 -
April retail sales jump 0.4% as e-commerce climbs 9.6% from last year
April continued the year's robust sales despite a cold spring in many parts of the country. But just four retailers are responsible for all the growth, according to Retail Metrics.
By Daphne Howland • May 16, 2018 -
Walmart sourcing executive lands at Target
William Foudy has more than 25 years of experience in the sourcing industry and has led international teams for brands including Adidas and Nike.
By Daphne Howland • May 16, 2018