Financial News: Page 238
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Macy's boosts holiday hiring by 7K thanks to strong traffic
Chief Stores Officer John Harper said the department store retailer has seen "high customer volume across our business" so far this season.
By Ben Unglesbee • Dec. 1, 2017 -
Gap's rally is over, analysts say
The apparel retail giant's stock boomed 40% over the last three months, but it can only rely on the better-performing Old Navy brand so much.
By Daphne Howland • Dec. 1, 2017 -
War with Amazon sparks change at Walmart, Target
The two big-box retailers have been especially focused on new services and competitive prices as the online giant has crept onto the scene.
By Daphne Howland • Dec. 1, 2017 -
WeWork tests Amazon’s Alexa for Business
The co-working company, which has been eyeing retail opportunities, is turning to Amazon for work spaces powered by the popular voice assistant.
By Dan O'Shea • Dec. 1, 2017 -
Ikea entering a 'test-and-learn' phase
Amid a profit fall, the furniture retailer is focusing on how and where it sells its goods, as well as potential acquisitions.
By Daphne Howland • Dec. 1, 2017 -
Sears slows the bleeding, but the story remains grim
Ongoing efforts to cut the department store retailer's costs reduced Sears' profit losses in Q3, but sales fell by $1.3 billion and its comparable store sales were down by an abysmal 15%.
By Ben Unglesbee • Nov. 30, 2017 -
Costco 'destroys' November with massive sales surge
Like Amazon, the warehouse retailer enjoys a sticky membership base, and that showed up in its monthly and quarterly sales results.
By Daphne Howland • Nov. 30, 2017 -
Simon bridges online and brick-and-mortar with 'The Edit'
The effort to reach online customers recalls "In Real Life," from GGP and could be a boon for both the mall and online sellers.
By Daphne Howland • Nov. 30, 2017 -
Amazon smashes Cyber Monday record
The online behemoth said Cyber Monday was the single biggest shopping day in the company's history, surpassing its Prime Day event for the most products ordered worldwide.
By Daphne Howland • Nov. 30, 2017 -
Duluth Trading Co. takes on L.L. Bean with 31st store opening
The Belleville, WI-based retailer is quietly expanding its customer base and physical footprint as rivals falter.
By Daphne Howland • Nov. 30, 2017 -
Deep Dive
Are Calvin Klein’s Amazon pop-ups dissing department stores?
Traditionally the brand releases exclusive collections through department store channels, but the partnership signals the apparel retailer is looking for new growth.
By Corinne Ruff • Nov. 29, 2017 -
New York & Co buys Fashion to Figure assets
The move is a vote of confidence in the significant and growing demand in the market for extended sizing.
By Daphne Howland • Nov. 29, 2017 -
Google Home, eBay make smart speakers smarter
Shopping via the AI assistant is about to get easier, with an app that moves customers off the device and onto their smartphone.
By Dan O'Shea • Nov. 29, 2017 -
Everlane to open first physical stores
Much is made of Everlane founder and CEO Michael Preysman's antipathy toward physical retail, but the brand has sold through physical locations for several years now.
By Daphne Howland • Nov. 29, 2017 -
Costco beats Amazon on price
The focus these days is on the emerging Amazon-Walmart price war, but new research shows that Costco handily beats the e-commerce giant across categories.
By Daphne Howland • Nov. 29, 2017 -
Abt Electronics sees a 15% holiday weekend sales jump
Single-store star Abt had a stellar start to the holiday season thanks to an emphasis on customer experience.
By Dan O'Shea • Nov. 28, 2017 -
Walmart's Modcloth, Bonobos employees to see benefit cuts
New medical benefits are inferior to many in e-commerce, according to a report from The New York Times, but a Walmart spokesperson said they are in line with most Fortune 500 companies.
By Daphne Howland • Nov. 28, 2017 -
Sneakers left on the shelf despite steep Black Friday discounts
More shoppers headed to stores to find footwear last weekend, but they weren't necessarily buying, according to the NPD Group's "Sneakernomics" report.
By Daphne Howland • Nov. 28, 2017 -
Amazon aggressively prices Echo in holiday power play
Heading into Cyber Monday, the company heavily promoted devices with its Alexa smart assistant, a segment where it already holds a 70% market share.
By Dan O'Shea • Nov. 28, 2017 -
Amazon's HQ2 offered billions in incentives by these cities, states
At $7 billion, New Jersey officials have offered the highest-dollar incentive program, followed by Irvine, CA; Philadelphia; and the state of Maryland.
By Mary Tyler March, Daphne Howland • Nov. 28, 2017 -
Lululemon, Nike score on Black Friday as 'retail-tainment' drives traffic
Retailers used live music and snacks to draw customers into stores, but helpful staff and well-stocked shelves didn't hurt, according to a report from Fung Global Retail & Technology.
By Daphne Howland • Nov. 28, 2017 -
Outdoor Voices to open first West Coast store
The company began selling online only, but, like so many pure-play e-commerce ventures, has expanded into brick and mortar with six stores across the country.
By Daphne Howland • Nov. 28, 2017 -
Saks deconstructs the department store with 3 new concepts
The trio of stand-alone shops — The Collective, The Vault and 10022 SHOE — feature top performing luxury categories and is a welcome bit of news for beleaguered Hudson's Bay Co.
By Daphne Howland • Nov. 28, 2017 -
Amazon devoured 55% of Black Friday online orders
The e-commerce giant accounted for 7.14 million of the 13 million digital transactions that occurred on the holiday.
By Dan O'Shea • Nov. 27, 2017 -
Kay Jewelers offers virtual necklace trial on Snapchat
The jewelry chain is giving mobile users a way to virtually try on looks and play an interactive AR game.
By Robert Williams • Nov. 27, 2017