Financial News: Page 239
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DSW writes down Ebuys by $53M as unit loses money
As an analyst said of the footwear retailer's Q3 performance, "Essentially Ebuys muddied a story of progress that was already hindered by uncooperative weather."
By Daphne Howland • Nov. 27, 2017 -
Dov Charney's new venture launches retail arm
The news comes as American Apparel, Charney's first retail venture now under Gildan's ownership, is under fire for unethical labor practices overseas.
By Daphne Howland • Nov. 27, 2017 -
WeWork reportedly expanding into retail
The co-founder of the workspace provider has a vision of retail that could return it to the heyday of department stores, when they were housed in beautiful structures in the heart of cities.
By Daphne Howland • Nov. 27, 2017 -
How Walmart is using tech this holiday season
Advances such as virtual reality-based training and inventory-scanning robots have arrived just in time to make the holiday rush more manageable for staff.
By Dan O'Shea • Nov. 26, 2017 -
Deep Dive
What 4 charts from Black Friday 2016 tell us about this year
The big shopping day is key for retailers across the sector. Here are some of the top trends we saw last year — and can expect to see again.
By Cara Salpini • Nov. 22, 2017 -
J. Crew to close 50 stores as sales plunge, again
The company has improved margins and sales soared at Madewell stores, but a 12% sales plunge at the flagship banner is holding J. Crew back as it tries for a turnaround.
By Ben Unglesbee • Nov. 22, 2017 -
Adult entertainment site to open NYC shop on Black Friday
Pornhub will sell mostly apparel at its first retail store, but hopes to seduce shoppers with an experience designed to simulate the look and feel of its homepage.
By Daphne Howland • Nov. 22, 2017 -
Neiman Marcus turns the corner on sales, but losses widen
The luxury retailer badly needed a sales win for the quarter and got one, but the company's long-term financial story won't change unless it can boost sales with fewer costs.
By Ben Unglesbee • Nov. 22, 2017 -
Rite Aid could be the prescription for Amazon's pharmacy ambitions
Merger plans with Walgreens were dashed earlier this year, but the drugstore retailer could give Amazon what it needs to move into pharmacy sales, according to a note from Cowen & Co.
By Daphne Howland • Nov. 22, 2017 -
Dollar Tree sheds costs as sales grow 6%
The dollar store company is benefiting from the format and locations of its stores, and, unlike many retailers, has plans to vastly expand its brick-and-mortar footprint.
By Daphne Howland • Nov. 22, 2017 -
Lowe's still 'playing second fiddle' to Home Depot
The home improvement retailer needs to differentiate itself from its booming rival.
By Daphne Howland • Nov. 22, 2017 -
Urban Outfitters' reliance on Free People is 'problematic'
The company reversed its fortunes from the last two quarters, and is posting good numbers online, but it might be banking too much on just one brand.
By Daphne Howland • Nov. 21, 2017 -
Locus Robotics grabs $25M, signs on DHL
The robotics company raised $25 million in Series B funding, leading retail one stop closer to automated supply chains.
By Dan O'Shea • Nov. 21, 2017 -
Alibaba investing $3B in brick-and-mortar grocer
The Chinese e-commerce giant has formed an alliance with French retail company Auchan Retail and Taiwanese Ruentex to expand its physical footprint across the country.
By Daphne Howland • Nov. 21, 2017 -
Shiekh Shoes reportedly scrambling to avoid bankruptcy
The streetwear sneaker company, which bought e-retailer Karmaloop last year, is searching for financing to avoid bankruptcy.
By Daphne Howland • Nov. 20, 2017 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Saks launches gift-themed Messenger chatbot ahead of Black Friday
The offering could help the retailer reach young shoppers earlier in the buying journey than the typical customer service bot.
By Natalie Black (Koltun) • Nov. 20, 2017 -
Hibbett Sports nudges sales up with e-commerce, rewards
Despite earnings falling nearly 70% in the third quarter, investors sent the retailer’s shares up more than 15% on Friday after its newborn digital effort gains traction.
By Daphne Howland • Nov. 20, 2017 -
Amazon speeds up warehouse visits with mobile app
The e-commerce giant is forging a direct connection with truckers through an app that will help gain more efficient access to the company's warehouses.
By Dan O'Shea • Nov. 20, 2017 -
Foot Locker pumps up Nike partnership with new store concepts
The athletics retailer had its best day on Wall Street in years as analysts show confidence that it can hold its own.
By Daphne Howland • Nov. 20, 2017 -
Bon-Ton Stores closing 'at least' 40 stores next year
The struggling department store retailer could close around 15% of its footprint as same-store sales fall again.
By Daphne Howland • Nov. 20, 2017 -
Walmart calls dibs on 15 Tesla trucks
The company that already owns the largest truck fleet in retail is making a big bet on the just-unveiled electric model from Tesla.
By Dan O'Shea • Nov. 19, 2017 -
Bankrupt Toys R Us wants $16M for executive bonuses
The request is being met with resistance as some wonder if the toy seller can navigate the holiday season and emerge from bankruptcy.
By Daphne Howland • Nov. 17, 2017 -
Abercrombie & Fitch soars on sales gains as Hollister shines
The teen apparel company's turnaround is starting to bear fruit with the first same store sales increase since 2015.
By Daphne Howland • Nov. 17, 2017 -
Amazon Go edges closer to frictionless shopping vision
The technology behind Amazon Go is getting better, but what comes next and when isn't clear, according to Bloomberg.
By Dan O'Shea • Nov. 17, 2017 -
Williams-Sonoma gets an edge in the augmented reality race
The home goods retailer acquired Outward, a 3-D imaging startup, in what looks to be a dedicated move toward using more of the tech.
By Dan O'Shea • Nov. 17, 2017