Financial News: Page 219
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Restoration Hardware declares membership model 'a success'
The new program, which has invited much skepticism, provided 95% of the company's core business in the quarter, executives said.
By Daphne Howland • March 29, 2018 -
Hudson's Bay CEO: 'Things do need to change'
It's early days for Helena Foulkes' strategy, but she's looking to drive up same-store sales and capitalize on the strength in the luxury market at Saks Fifth Avenue.
By Daphne Howland • March 29, 2018 -
Deep Dive
Why Trump is 'obsessed' with Amazon
The company's stock lost roughly $31 billion in shareholder value Wednesday on an Axios report that the president may go after the retailer on taxes, antitrust and other issues.
By Corinne Ruff , Ben Unglesbee • March 29, 2018 -
Target, Aldi, Big Lots eyeing Toys R Us real estate
Nearly 60 of the retailer's stores are going up for auction this week, in a preview of what may come of the hundreds more set for liquidation.
By Ben Unglesbee • March 29, 2018 -
Barnes & Noble debuts book discovery social network and app
Brad Meltzer is the first to be featured in the app's "asked by an author" section, where readers can chat with writers and ask questions.
By Robert Williams • March 28, 2018 -
Walgreens on pace to shutter 600 US stores
Front-end sales continue to fall as pharmacy carries the chain to a 12% uptick in the fourth quarter.
By Daphne Howland • March 28, 2018 -
Office Depot shelves went without Sharpies after vendor spat
Newell Brands stopped shipments to the retailer over a dispute in how its products were marketed, according to a report in The Wall Street Journal.
By Daphne Howland • March 28, 2018 -
Lululemon poised for growth even without CEO
A more nimble website, fashion improvements and strong store operations gave the athleisure retailer a huge lift in the fourth quarter.
By Daphne Howland • March 28, 2018 -
Madewell pulls up J. Crew
The younger banner will have to scale fast, but J. Crew's bet on the fledgling brand is beginning to pay off.
By Daphne Howland • March 28, 2018 -
Nike readies test for ‘App at Retail’ to enhance store experience
The company also acquired analytics firm Zodiac to study customer lifetime value and ramp up personalization.
By Robert Williams • March 27, 2018 -
Short trips rise at Whole Foods stores with Amazon Lockers
According to inMarket, visits lasting between three and five minutes were up 11% at locations featuring the lockers, compared to 7% for stores without them.
By Jeff Wells • March 27, 2018 -
Walmart, Target poised to absorb lost Toys R Us sales
Vendors are left with hundreds of millions in unpaid bills — and one says Toys R Us accelerated purchases even knowing the end was near.
By Ben Unglesbee • March 27, 2018 -
Mall developers Brookfield and GGP to merge in $9.25B deal
The deal comes amid massive changes to the shopping center landscape, with closures uprooting anchors scrambling to reinvent the American mall.
By Daphne Howland • March 27, 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
Clothes pile up at H&M stores, cutting into sales
The company is staking much of its future on its new brands, but some analysts say they're too small to move the needle much.
By Daphne Howland • March 27, 2018 -
Lowe's CEO to retire after 25 years with the company
Shares rose when the home improvement retailer announced it's searching for a successor to Robert A. Niblock.
By Daphne Howland • March 27, 2018 -
Jet taps Tesco grocery veteran as new president
With the hire of Simon Belsham, Walmart's e-commerce operation has signaled the importance of grocery to its long-term strategy.
By Ben Unglesbee • March 26, 2018 -
Amazon tops LinkedIn's best places to work list
Infamous perks of the tech world aren't the draw so much as good healthcare benefits and a chance to be at the cutting edge of a given market, according to LinkedIn's research.
By Daphne Howland • March 26, 2018 -
UK sports retailer snaps up Finish Line for $558M
The move snatches away Sports Direct's share in Finish Line and would likely give Finish Line and its acquirer a broader reach.
By Daphne Howland • March 26, 2018 -
Tapestry taps Michael Kors exec to lead Kate Spade
The luxury accessories company picked up Kate Spade for $2.4 billion last spring and has since pulled it back from department stores to reclaim a more upscale appeal.
By Daphne Howland • March 26, 2018 -
Whole Foods lays off marketing staff as Amazon centralizes ops
The elimination of store-level graphic designers and certain regional employees follows the departure of more than a dozen executives due to cultural differences.
By Jeff Wells • March 26, 2018 -
Lululemon brings in new chief strategy and digital officer
The athleisure seller has tapped a former Zulily executive as it seeks to stay on a growth track even without a CEO in place.
By Dan O'Shea • March 25, 2018 -
Deep Dive
7 takeaways from Shoptalk 2018
From speeding up the supply chain to adding personalization and making shopping more convenient — technology is fundamentally transforming the business. Here's what you need to know.
By Corinne Ruff , Laura Heller • March 23, 2018 -
Deep Dive
6 ways brands and retailers are using stores to boost business
Stores aren't going away, but they are going on a diet. Here are the most innovative concepts showcased at Shoptalk.
By Corinne Ruff • March 23, 2018 -
Nike sees opening for domestic sales growth in 2019
The shoe and sportswear maker reported a revenue increase of 7%, but didn't address how its new efforts to expand women's sales may be undermined by alleged misconduct of top executives.
By Daphne Howland • March 23, 2018 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels shuttering all full-line Aaron Brothers stores
While 94 of the custom framing shops will shutter, three smaller locations will operate as a "learning laboratory."
By Daphne Howland • March 23, 2018