Financial News: Page 225
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Nordstrom family reportedly near take-private offer
Wall Street's retail jitters killed go-private talks last year, but now the group wanting to buyout the upscale department store is close to finalizing and presenting its offer, Reuters reports.
By Ben Unglesbee • Feb. 26, 2018 -
Opinion
Walmart hits an e-commerce road bump. What's next?
The retailer's recent news does not bode well for the Doug McMillon and Marc Lore relationship, nor the larger industry, writes Christopher Walton, former vice president of Target's Store of the Future.
By Christopher Walton • Feb. 26, 2018 -
JD extends physical presence in China with new investment
The e-tailer has purchased a stake in the Better Life chain as it jockeys with Alibaba for the hearts, minds and wallets of Chinese consumers.
By Daphne Howland • Feb. 26, 2018 -
J. Crew stores to feature Madewell shop-in-shops
The struggling retailer has been leaning on the smaller brand, and could be forging a closer tie between the two to reinvigorate sales at the flagship.
By Daphne Howland • Feb. 26, 2018 -
Batteries Plus Bulbs plans 50-store expansion
The retailer is leaving wow factors like virtual reality behind, staking the past 29 years of growth on the idea that customers want to get what they need quickly and easily.
By Daphne Howland • Feb. 23, 2018 -
Target debuts Cat & Jack baby box subscription service
These days nearly everyone is getting into the subscription game, and it's Target's turn to play with one of its most popular private label brands.
By Corinne Ruff • Feb. 23, 2018 -
Lowe's launches employee pre-apprenticeship program
The home improvement retailer is testing the "Track to the Trades" program in four cities and plans to expand nationwide later this year.
By Daphne Howland • Feb. 23, 2018 -
Wayfair sales rise 48%, but losses widen
The online furniture seller is grabbing market share, but profits remain elusive and shares sank 23%.
By Daphne Howland • Feb. 23, 2018 -
Amazon Go reportedly plotting 6 more stores
After just a month open to the public, the early success of the cashier-less concept may spur more locations in Seattle and Los Angeles, sources told Recode.
By Corinne Ruff • Feb. 22, 2018 -
Deep Dive
Toys R Us could close more stores or liquidate
The toy retailer needed a win over the holidays, but missed — big time. Now, the company is reportedly mulling hundreds more store closures and is at risk of shutting down entirely.
By Ben Unglesbee • Feb. 22, 2018 -
Indochino to open 4 new stores this spring
The Canadian bespoke menswear company began in 2015 as a pure-play e-commerce retailer and has opened physical showrooms across North America since then.
By Daphne Howland • Feb. 22, 2018 -
Macy's is making merchandising strides in key apparel categories
The department store retailer is working to keep prices consistent, and is beating rivals to the punch in sub-categories like maternity and plus size, according to new research.
By Daphne Howland • Feb. 22, 2018 -
Target debuts 'eclectic' home brand Opalhouse
The big-box retailer is doubling down on what it has always done best — curated fashionable styles that don't break the bank — and private label is key.
By Corinne Ruff • Feb. 21, 2018 -
Tops Markets files for Chapter 11
A large debt load and increasing competition from the likes of Amazon and Walmart set the table for bankruptcy protection.
By Jeff Wells • Feb. 21, 2018 -
Deep Dive
Circuit City reboots online, but can it plug into the market?
The brand relaunched last week as an online-only operation, for now. But analysts are skeptical it will have the service model needed to differentiate from market leaders Best Buy and Amazon.
By Corinne Ruff • Feb. 21, 2018 -
Most retail employees receive no real training
Only a third of workers are provided formal training, and many of those don't find it improves their work or engagement very much, according to a recent study.
By Ben Unglesbee • Feb. 21, 2018 -
Guess co-founder to step down during board investigation
Paul Marciano won't be paid while a special committee of the board, with the help of lawyers, investigates accusations against him.
By Daphne Howland • Feb. 21, 2018 -
Home Depot poised to build on holiday boost
The home improvement retailer sold more decorations and accessories thanks to improved marketing and in-store execution, and analysts have high expectations for the year.
By Daphne Howland • Feb. 21, 2018 -
Headington buys another high-concept retailer
The Texas-based developer is doubling down on upscale, unique stores with its acquisition of Tenoversix, which sells curated apparel, home goods and art.
By Daphne Howland • Feb. 21, 2018 -
Walmart pummeled on slower e-commerce growth
Revenue, comps and traffic all increased at Walmart, but profits fell and digital disappointed as sales in the channel slowed compared with previous periods.
By Ben Unglesbee • Feb. 20, 2018 -
Gap brand CEO to leave
Gap Inc. acknowledged weakness in its namesake Gap brand and announced a new growth strategy last summer.
By Daphne Howland • Feb. 20, 2018 -
Albertsons acquires (the rest of) Rite Aid
The grocery chain said it's buying the remainder of the pharmacy retailer's stores not going to Walgreen's, creating a company with $83 billion in revenues.
By Jeff Wells • Feb. 20, 2018 -
Chinese pharma company grabs major stake in GNC
The move by Harbin Pharmaceutical Group could be a lifesaver for GNC, which has struggled in recent years.
By Daphne Howland • Feb. 20, 2018 -
Walmart revamping apparel brands in punch back against Amazon, Target
The push comes amid evidence that the retail giant has much to lose as Amazon grows its private-label apparel assortment.
By Daphne Howland • Feb. 20, 2018 -
J. Crew taps Starbucks digital exec
Adam Brotman is widely credited with spearheading the coffeehouse chain's mobile payment and loyalty innovations.
By Daphne Howland • Feb. 20, 2018