Financial News: Page 230


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    Sears putting more than a dozen stores on online auction block

    The retailer plans to lease back the 16 properties from buyers, as part of the company's never-ending strategy to bring in cash from real estate and other assets. 

    By April 12, 2018
  • Rite Aid sees sunnier times ahead

    Sales slowed in the fourth quarter but new parents, Albertsons and Walgreens, will help right the ship in coming months, executives said on Thursday.

    By April 12, 2018
  • Retail CEOs meet with White House on tax and regulatory overhauls

    While tariffs were apparently not discussed at the meeting, orchestrated by the NRF, the trade group's CEO last week decried Trump's escalating tariffs on Chinese products as a trade war.

    By April 12, 2018
  • Bed, Bath & Beyond plunges on falling sales

    CEO Steven Temares told analysts the retailer is working to differentiate merchandise and position stores with "treasure hunt" potential, but locations may need more.

    By April 12, 2018
  • Opinion

    A trade war could hurt retail, jobs and opportunity

    The looming trade war between the U.S. and China would hurt small business, writes Jack Ma, executive chairman of Alibaba. 

    By Jack Ma • April 12, 2018
  • Toys R Us poised to sell Asia, Central Europe operations

    The bankrupt company is also seeing better-than-expected proceeds from the wind-downs of its European and American businesses, attorneys said in court.

    By April 12, 2018
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    Megan Poinski
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    Giant Eagle nails down co-location deal with Ace Hardware

    The new partnership will place branded hardware outlets inside four of the grocer's stores, with the first one set to open this summer.

    By Cathy Siegner • April 12, 2018
  • UPDATE: Bon-Ton may be headed for liquidation after losing key bid condition

    A federal bankruptcy judge nixed a proposal to pay an investor group $500,000 as part of a buyout agreement to keep the retailer going. But the parties are still interested, The Wall Street Journal reports.

    By April 11, 2018
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    Retrieved from Asos on January 29, 2018
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    Asos boosts investments as sales soar 27%

    As Asos celebrates a new milestone — 1 billion site visits — CEO Nick Beighton said the company needs to keep the momentum going.

    By April 11, 2018
  • Retail defaults hit an all-time high in early 2018

    Moody's analysts said that the nine retail defaults are already in range of last year's totals, and single-month defaults in March and February were the most in 20 years. 

    By April 11, 2018
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    Billie
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    Startup subscription service Billie raises $6M

    The female-focused competitor to Harry's and Dollar Shave Club held a second funding round to meet growing consumer demand.

    By April 11, 2018
  • Adidas takes on equal pay with #20PercentCounts

    The company's flagship Adidas and Reebok brands are joining the likes of Lyft and P&G to raise awareness of the consequences of gender and racial pay disparities.

    By April 11, 2018
  • Brookstone opens up stores to inventors

    The gadget retailer is partnering with store analytics firm RetailNext to help makers and entrepreneurs develop new products.

    By April 11, 2018
  • Ikea planning for a city-dominated world

    The Swedish furniture giant is planning for a reality where more people have tighter budgets and smaller spaces, CEO Jesper Brodin told Bloomberg this week.

    By April 11, 2018
  • Whole Foods and Walmart expand home delivery to new cities

    Amazon Prime Now delivery is now available at Los Angeles-area Whole Foods stores, while Walmart announced a deal with Postmates for delivery in North Carolina. 

    By Jeff Wells • April 10, 2018
  • Mattel to shutter New York office

    The move, part of an ongoing $650 million cost savings plan, will affect roughly 100 employees.

    By April 10, 2018
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    Sephora
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    Sephora buoys LVMH with 'rapidly' growing online sales

    The upscale retail conglomerate posted significant gains in all segments, but there may be headwinds coming down the pike.

    By April 10, 2018
  • Bon-Ton has a bid in hand from mall operators

    The bid, for at least $128 million in cash, would keep the department store retailer operating — but it could face a competing bid from bondholders who want to liquidate Bon-Ton's assets.

    By April 10, 2018
  • REI to enforce sustainability standards for vendors

    By 2020, the outdoors retailer said that the more than 1,000 brands it sells must follow newly released product sustainability standards.

    By April 10, 2018
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    Best Buy
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    Best Buy to open first store in 7 years

    The big-box retailer would not comment on whether there are more to come.

    By April 10, 2018
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    Deep Dive

    Mergers and acquisitions expected to heat up this year

    The annual study from A.T. Kearney found that while deal volume and value dropped in 2017, political events and consumer trends point to more global mergers and acquisitions.

    By Cathy Siegner • April 10, 2018
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    Nordstrom
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    Deep Dive

    Sneak peek: Nordstrom opens in NYC with first-ever men's store

    Nordstrom's new men's store raises the retail bar with a modern blend of merchandise, technology and cutting-edge service.

    By Lara Ewen • April 9, 2018
  • Deep Dive

    Can Amazon and its marketplace rivals fix their counterfeits problem?

    Counterfeiting could soon be a $1 trillion criminal enterprise. As fakes proliferate online, the government is taking notice and brands are taking their arguments public — and to court.

    By April 9, 2018
  • Nine West wins $300M bankruptcy loan and a bid for flagship brand

    Authentic Brands, which recently picked up Nautica, has offered $200 million for Nine West's flagship intellectual property, while the remaining business would be taken over by lenders. 

    By April 9, 2018
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    Deep Dive

    What the online tax debate means for Amazon marketplace sellers

    As the U.S. Supreme Court prepares to hear oral arguments in the case, sellers on the e-commerce marketplace fear there may be implications.

    By April 9, 2018