Financial News: Page 222
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Mastercard partners with UK grocer on in-aisle mobile checkout
Similar to Amazon's Go concept, customers at The Co-op can scan items with a smartphone as they shop and leave without visiting a register.
By Robert Williams • March 13, 2018 -
Guitar Center downgraded again on new refinancing plan
The musical instrument retailer has announced a plan that would buy it more time to pay down its debt.
By Ben Unglesbee • March 13, 2018 -
Dick's suffers as brands bypass brick-and-mortar
The sporting goods retailer is taking a hit as brands like Nike move to sell directly to customers, prompting Dick's to expand its own private labels.
By Daphne Howland • March 13, 2018 -
94% of retail execs expect as many — or more — bankruptcies in 2018
Rising consumer credit and interest rates could send more retailers into financial tailspins, according to a new report from BDO.
By Ben Unglesbee • March 13, 2018 -
Burlington is 'firing on all cylinders'
The off-price sector is getting ever more crowded, but that isn't stopping the major players, and Burlington has more room than most to improve, Morgan Stanley analysts said last week.
By Daphne Howland • March 13, 2018 -
Stitch Fix misses profits, grows client base 30%
Profits did not meet expectations in the quarter, but a new styling service and an add-on program for essentials were still too new to have an impact.
By Daphne Howland • March 13, 2018 -
Ross plans to open 100 stores this year
The off-price retailer will keep up its building blitz following a triumphant fourth quarter — which could mean more bad news for department stores.
By Daphne Howland • March 12, 2018 -
Whole Foods to meet with disgruntled suppliers
The grocer will meet with manufacturers on March 19 to address concerns over new fees and the company’s centralized merchandising setup.
By Jeff Wells • March 12, 2018 -
American Eagle sees 'tremendous opportunity' in Aerie
The apparel retailer posted 12% top-line growth — and a mind-boggling 34% same-store sales increase at its lingerie brand — but holiday discounts and e-commerce costs hit margins.
By Daphne Howland • March 12, 2018 -
Sephora lines up largest accelerator yet
The beauty retailer disrupted department stores years ago and "Sephora Accelerate" helps ensure it doesn't get staid.
By Daphne Howland • March 12, 2018 -
Claire's close to filing for bankruptcy, report says
The ailing teen retailer is closing in on a deal for lenders to take it over in bankruptcy, according to Bloomberg.
By Ben Unglesbee • March 9, 2018 -
Neiman Marcus pegs sales gains on 'Digital First' strategy
Same-store sales at the department store retailer rose 6.7%, thanks to investments in digital, technology and marketing tools, the company said.
By Daphne Howland • March 9, 2018 -
FabFitFun opens downtown LA pop-up
The subscription service, which sends out boxes only four times a year, is hoping to get some quality face time with shoppers in a sector that struggles to retain customers.
By Daphne Howland • March 9, 2018 -
Nordstrom snaps up tech startups to fuel mobile shopping
The companies, BevyUp and MessageYes, are aimed at digital selling and conversational commerce, indicating a new focus for the retailer.
By Dan O'Shea • March 9, 2018 -
Toys R Us reportedly preparing to liquidate US business
Multiple news services are reporting that, failing to find a buyer or reach a deal with lenders in bankruptcy, the toy retailer might be forced to liquidate domestic operations.
By Ben Unglesbee • March 9, 2018 -
Alexa shopping chief rides out of Amazon, joins Uber
The e-commerce company had quite the week of departures, with execs leaving from two of its most high profile operations — Prime and voice.
By Daphne Howland • March 9, 2018 -
Best Buy's Geek Squad allegedly took money from the FBI
Best Buy confirmed to Retail Dive that its Geek Squad repair employees alert law enforcement when they "inadvertently" find child pornography, but says taking payment from the FBI is against their policy.
By Daphne Howland • March 9, 2018 -
Meijer plots 6 small urban stores by 2021
The operations aren't likely to move the needle for the big-box chain yet, but analysts say it's a smart move considering the untapped urban market.
By Daphne Howland • March 9, 2018 -
Deep Dive
The running list of 2018 retail bankruptcies
Retailers filed for bankruptcy at a record rate last year, and many in the industry think the pace could continue through 2018. Sears Holdings is the most recent to make our list.
By Ben Unglesbee , Cara Salpini , Kaarin Moore • Updated Nov. 21, 2018 -
Simon's The Edit expands with international boutique brands
The mall is initially opening up to Portuguese, Spanish, Italian and French brands that focus on accessories and beauty.
By Daphne Howland • March 8, 2018 -
Department stores are getting their mojo back
Well capitalized department store retailers are making good on initiatives to pump sales online and off, though laggards are still having trouble, according to a report from Moody's Investors Service.
By Daphne Howland • March 8, 2018 -
Costco enjoying a small boost from Sam's Club closures
The membership retailer increased sales by nearly 11% in its second quarter while e-commerce sales grew by nearly 30%.
By Daphne Howland • March 8, 2018 -
Deep Dive
A peek inside one of Target's newest small-format stores
The mass merchant is betting big that these stores will draw in customers in urban, suburban and college cities. But what's the key to making it work?
By Corinne Ruff • March 8, 2018 -
The Walking Company files second bankruptcy in 10 years
The shoe retailer went bankrupt in 2008 when rapid store expansion met with a recession. Faced with another sector downturn, it's trying to shed leases and reorganize.
By Ben Unglesbee • March 8, 2018 -
Abercrombie & Fitch plans to close 60 US stores in 2018
That's not necessarily as alarming as it sounds, and Abercrombie says the closures are part of a strategy to meet customers in all channels.
By Daphne Howland • March 8, 2018