Financial News: Page 228
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Macy's launches 'modest' apparel line
The "Verona" collection springs from the department store's minority- and women-owned business development program founded in 2011 to further vendor diversity.
By Daphne Howland • Feb. 5, 2018 -
Bon-Ton files for Chapter 11
After nearly two months of negotiating with bondholders and years of declining sales, the ailing department store retailer went to court seeking bankruptcy protection Sunday.
By Ben Unglesbee • Feb. 5, 2018 -
Lowe's expands benefits, employee bonuses
The home improvement retailer is paying a one-time $1,000 bonus to all eligible U.S. employees in a tight job market.
By Daphne Howland • Feb. 5, 2018 -
Analyst: Walmart a ‘logical buyer’ for Blue Apron
The troubled meal kit company is starting to turn things around and could make for another valuable e-commerce purchase by the world's largest retailer, according to Gabelli & Co. analyst Matthew Trusz.
By Dan Alaimo • Feb. 5, 2018 -
Dollar General seeks new vendors
The deep discounter is holding a summit to bring together potential suppliers with buyers in an effort to diversify offerings, including in food, according to IGD Retail Analysis.
By Daphne Howland • Feb. 4, 2018 -
Christopher & Banks taps Dick's exec as CEO
The struggling women's apparel retailer is trying to increase fashion offerings without alienating its core base of older customers.
By Daphne Howland • Feb. 4, 2018 -
Whole Foods' inventory system reportedly crushing employee morale
The troubles erupting at Whole Foods underscore how much of a learning curve Amazon has when it comes to brick-and-mortar operations in general — and grocery in particular.
By Daphne Howland • Feb. 2, 2018 -
Ralph Lauren's promotional pullback hits revenue
The company's retreat from department stores is a necessary part of rebuilding its brand, but revenue will likely continue to suffer this year.
By Corinne Ruff • Feb. 2, 2018 -
Guess shares sink over sexual harassment claim
Former "Guess Girl" Kate Upton tweeted the explosive claim as the company introduced a new brand rep, Jennifer Lopez.
By Daphne Howland • Feb. 2, 2018 -
Harley-Davidson to cut 800 US jobs amid plummeting sales
The company is welcoming the new tax bill, but the U.S. rejection of the Trans-Pacific Partnership agreement is going to hurt.
By Daphne Howland • Feb. 2, 2018 -
Sears CEO loans millions more to ailing retailer
Eddie Lampert keeps funneling money to fund retail operations as layoffs and store closings continue.
By Daphne Howland • Feb. 2, 2018 -
Nordstrom shutters Oregon store amid go-private talks
The closure comes following a 2.5% sales increase during the holiday season, but uncertainty over whether Nordstrom family members will take the company private lingers.
By Daphne Howland • Feb. 2, 2018 -
Amazon Q4 sales soar 38% to $60.5B
Jeff Bezos is pumped up about Alexa's fourth quarter performance. "Expect us to double down," he said.
By Daphne Howland • Feb. 1, 2018 -
UPDATE: Bon-Ton shares store closure locations amid turnaround
The struggling department store will shutter many stores in Illinois, Wisconsin and Pennsylvania as it revamps merchandising and marketing efforts.
By Daphne Howland • Feb. 1, 2018 -
Costco co-founder bids farewell
With Jim Sinegal's departure and the recent unexpected death of co-founder Jeff Brotman, the company is now being run by executives unconnected to its roots.
By Daphne Howland • Feb. 1, 2018 -
Alibaba takes stake in Ant Financial as revenue surges 56%
CEO Daniel Zhang deemed it "another great quarter" driven by the continued strength of the Chinese consumer and the wide reach the company is achieving.
By Daphne Howland • Feb. 1, 2018 -
Boxed rejects Kroger bid, looks elsewhere for offer
The competition to acquire the e-commerce wholesaler has intensified, and Amazon, Walmart and Target may all be potential buyers.
By Dan Alaimo • Feb. 1, 2018 -
H&M scales back store openings, unveils Afound brand
CEO Karl-Johan Persson said the company must move more quickly to follow its customers online.
By Daphne Howland • Feb. 1, 2018 -
Sears cuts 220 corporate jobs
The retail company continues to rely on cost cutting and financial maneuvers to stay afloat.
By Daphne Howland • Feb. 1, 2018 -
Revlon CEO exiting after less than two years
Board member Paul Meister will oversee day-to-day operations in the interim, and the daughter of longtime board chairman Ron Perelman, Debra, is taking the COO spot.
By Daphne Howland • Jan. 31, 2018 -
Is Amazon dipping into higher ed?
Candace Thille, an expert in the science of learning from Stanford University, has been hired by the retailer to train workers and potentially more.
By Shalina Chatlani • Jan. 31, 2018 -
Stein Mart exploring 'strategic alternatives'
The century-old retailer is beloved by many, but it's facing an uphill climb in a tough retail environment.
By Daphne Howland • Jan. 31, 2018 -
Warby Parker tries kids glasses on for size
The eyewear startup is offering miniature styles for a limited time and only at its New York City locations.
By Daphne Howland • Jan. 31, 2018 -
Deep Dive
Out of the ashes: 8 brands that found life after retail death
Retail brands bought out of bankruptcy can have a second life as an e-tailer or a product label. But will the afterlife of these retailers last forever?
By Ben Unglesbee • Jan. 30, 2018 -
Payless cutting corporate jobs to 'realign' around stores
The move is part of ongoing efforts to modernize the retailer's approach and focus on its core customer base, leaving bankruptcy behind.
By Daphne Howland • Jan. 30, 2018