Financial News: Page 237


  • Walmart is closing the online grocery price gap with Amazon

    A new study from Profitero finds a 1.8% price difference in the key category, further highlighting the fierce battle between the two industry titans.

    By March 1, 2018
  • Best Buy to close nearly 260 stand-alone mobile stores

    As the electronics retailer winds down its mobile store fleet, it posted a massive sales rise at mainline stores.

    By March 1, 2018
  • Kohl's brings Aldi to some stores as it makes 'sharp leap' in sales

    The discount department store has added brands and tightened costs, making for a solid holiday performance. The only question is: Can Kohl's keep it up?

    By March 1, 2018
  • Stitch Fix adds intimates to subscription box offer

    The pure-play e-commerce company is under pressure to elevate lower-priced clothing, and intimates are an excellent place to start, analysts say.

    By March 1, 2018
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    Laura Heller
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    Deep Dive

    How Target is building a digital future

    From acquisitions to brand introductions, the retailer is building an online strategy that hinges on stores and is finally paying off, an executive said at the eTail West conference Wednesday.

    By Laura Heller • March 1, 2018
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    Office Depot's B2B push shows favorable signs, but sales stall

    The office supplies retailer is revamping its approach to cater to medium and small businesses, CEO Gerry Smith said on Wednesday.

    By March 1, 2018
  • Walmart limits gun purchases to 21 and older

    The retailer joins Dick's Sporting Goods and Kroger in self imposing gun control after the Florida high school shooting last month.

    By Feb. 28, 2018
  • Lowe's sales fall nearly 2%, but it remains in a 'good position'

    Even the opportunities from a robust housing market and the generally healthy economy are flowing mostly to Lowe's more successful rival, The Home Depot.

    By Feb. 28, 2018
  • Toys R Us' UK unit begins liquidation

    The British arm of the toy retailer couldn't find a buyer — and has begun an "orderly" unwinding process, according to the BBC. 

    By Feb. 28, 2018
  • Walmart's apparel push is just beginning

    The company is focused on improving customer experience in apparel online and in stores, two company executives said at the eTail West conference Tuesday. 

    By Laura Heller • Feb. 28, 2018
  • Dick's to curtail gun sales in Field & Stream stores

    The retailer, which had already pulled gun sales from Dick's Sporting Goods stores after the elementary school shooting in Sandy Hook, CT, is supporting tougher gun control legislation.

    By Feb. 28, 2018
  • Macy's doubles down on stores with 'Growth 50' strategy

    With most of its massive footprint reduction behind it, Macy's is now working on fixing up those that are left. 

    By Feb. 28, 2018
  • TJX shakes off slowdown with 16% sales spike

    The off-price retailer flew past expectations for Q4, posting strong top-line and comparable sales growth, which could put to rest concerns about the company's missteps last year. 

    By Feb. 28, 2018
  • Walmart unveils new private-label apparel lines

    The retail giant is in the midst of a style revamp in apparel and home that is clearly aimed at appealing to younger, more urban consumers. 

    By Feb. 28, 2018
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    Retrieved from Amazon on February 26, 2018
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    Amazon’s conversion-friendly AR view lands on Android

    Users of the immersive in-app feature on iPhones are more likely to purchase viewed home furnishing items, according to the e-commerce giant.

    By Chantal Tode • Feb. 27, 2018
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    aifi
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    Tech startup launches scalable Amazon Go-like system

    AiFi, which uses computer vision to track shoppers and process orders, will unveil a 50,000 square-foot pilot store in partnership with a major grocery retailer later this year.

    By Jeff Wells • Feb. 27, 2018
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    Casper
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    Casper opens first standalone store

    The online mattress seller is moving beyond partnerships with physical retailers and opening a store in New York City.

    By Feb. 27, 2018
  • Charlotte Russe upgraded after shedding debt

    The teen retailer persuaded lenders to eat tens of millions of dollars in debt in exchange for company stock, but it still operates in a tough environment for specialty retail. 

    By Feb. 27, 2018
  • Macy's needs to 'engineer' a miracle

    Store closures are paying off, and both the Bluemercury and Backstage units have serious potential, but Macy's will have to work hard to keep it going.

    By Feb. 27, 2018
  • Dillard's crushes expectations as sales rise 6%

    The company posted a heady profit increase and respectable comparable sales, but one analyst said the retailer is still in danger of irrelevance.

    By Feb. 27, 2018
  • Harry's reportedly won't renew lease on NYC Corner Shop

    Letting the quaint barbershop go may be more a sign of the brand's ambition than soft demand for its products.

    By Feb. 27, 2018
  • Nordstrom deepens ties with fashion blogger Arielle Charnas

    A new brand launching this fall takes its name from Charnas' "Something Navy" blog and follows a successful capsule collection three years ago.

    By Feb. 27, 2018
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    Sam's Club
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    Taking the fight to Amazon, Sam's Club partners with Instacart

    The partnership increases the club retailer's e-commerce footprint as it refocuses in the wake of 63 store closures.

    By Cathy Siegner • Feb. 26, 2018
  • 99 cents only store, 99 cents store, dollar store
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    (2007). Retrieved from Wikimedia Commons.
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    99 Cents Only names new CEO

    Chief Merchandising Officer and former Walmart grocery head Jack Sinclair has taken over for retiring Geoffrey Covert.

    By Feb. 26, 2018
  • Aeon, SoftBank, Yahoo Japan reportedly tee up partnership

    Three major Japanese retail companies may align to defend their turf from Amazon.

    By Feb. 26, 2018