Financial News: Page 240
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Lululemon debuts sneaker line
Partnering with Athletic Propulsion Labs, the athletics retailer has started selling shoes in 23 stores — three of those styles are exclusive to Lululemon.
By Daphne Howland • Nov. 17, 2017 -
Gap banks on Athleta, Old Navy for growth
Coming off a fourth straight quarter of same store sales increases, the Gap's turnaround efforts seem to be taking hold, but the company problems remain for two of its brands.
By Daphne Howland • Nov. 17, 2017 -
Deep Dive
12 major retailers that could go bankrupt
With the Toys R Us bankruptcy highlighting the chaotic, risky world for some retailers, we revisited our list of big industry names who could go bust over the next year.
By Ben Unglesbee • Nov. 16, 2017 -
Wayfair expands appliance offerings with GE brands
The online furniture retailer is joining J.C. Penney in turning to appliance sales, as once-formidable Sears shrinks.
By Daphne Howland • Nov. 16, 2017 -
Walmart online sales surge 50% in Q3
But price cuts and the cost of growing e-commerce are hurting the retail giant’s bottom line.
By Daphne Howland • Nov. 16, 2017 -
Forever 21 investigating POS security breach
Encryption and other protective measures used by the retailer may not have been operating on affected point of sale systems when the breach occurred.
By Dan O'Shea • Nov. 16, 2017 -
Best Buy blames sales miss on late iPhone X
Despite missing projections for a 4.8% sales increase in Q3, the electronics retailer is well-positioned for the holidays, analysts say.
By Daphne Howland • Nov. 16, 2017 -
Activist pressure cracking down on mall developer Taubman
Plenty of malls are struggling as retailers falter, but Taubman’s malls are doing quite well. That’s what has activist investors seething.
By Daphne Howland • Nov. 16, 2017 -
Petco scoops up subscription service Pupbox
Subscription services are proving to be a trendy business model for all retailers, from clothes to pet supplies.
By Daphne Howland • Nov. 16, 2017 -
Amazon could be worth $1 trillion in 2018
Retailers that want to compete in the landscape being shaped by Jeff Bezos, though, must do more than simply mimic the e-commerce juggernaut.
By Daphne Howland • Nov. 15, 2017 -
TJX 'left some business on the table' in rare sales miss
But the retail company has already addressed what it calls a "fashion miss" and expects a happy holiday quarter.
By Daphne Howland • Nov. 15, 2017 -
Robot manufacturer gains $17.5 million in funding
Bossa Nova Robotics gets a financial boost as it looks to leverage growing interest in robots for retail.
By Dan O'Shea • Nov. 15, 2017 -
Target sales are up but forecasts a competitive holiday ahead
Price cuts are helping but the transformation is going slowly and the mass merchant needs to be bolder and more creative, especially in stores, say analysts.
By Daphne Howland • Nov. 15, 2017 -
Home Depot buoyed by hurricane forces
But the home improvement chain isn’t just sitting there reaping benefits of outside forces — it’s building a business that maintains a firewall against Amazon, analysts say.
By Daphne Howland • Nov. 14, 2017 -
Brookfield Property bids $15B for mall developer
Malls are under siege, but General Growth Properties holds some of the best performing shopping centers in the U.S.
By Daphne Howland • Nov. 14, 2017 -
Costco outpaces Walmart, Jet and Amazon on grocery delivery ad clicks
After a reluctant entry into the market, the club store earned 11.4% of all hits on searches related to the service, placing it second behind Instacart during a recent two-week span.
By Jeff Wells • Nov. 14, 2017 -
A.C. Moore buys two e-commerce startups
The arts and crafts retailer is expanding aggressively online and in-store amid stiff competition in the space.
By Daphne Howland • Nov. 14, 2017 -
Deep Dive
7 retailers that are ripe for acquisition
Walmart and Amazon have been hungry for acquisitions, and the big fish are looking for deals to make them more competitive.
By Ben Unglesbee • Nov. 13, 2017 -
Target's 'next gen' store caters to 2 types of customers
The new store concept has two distinct entrances that allow some customers to get in and out easily, and others to take their time browsing.
By Corinne Ruff • Nov. 13, 2017 -
J. Crew once hoped for an Amazon takeover
But that doesn't mean retail guru Mickey Drexler sees any wisdom in apparel brands selling on Amazon's site.
By Daphne Howland • Nov. 13, 2017 -
New J.C. Penney strategy evokes Ron Johnson
The retailer bested expectations thanks in part to a radical move to clear out its women's apparel. The question now becomes: what's next?
By Daphne Howland • Nov. 13, 2017 -
Nordstrom full-line sales decline as Rack rises 5.5%
Off-price sales rose, but were still lower than expected as Nordstrom struggles to balance full-price, discount and online channels.
By Daphne Howland • Nov. 10, 2017 -
Sears celebrates rare store openings
The struggling retailer is opening two new appliance and mattress stores – but its store closures for the year are nearing 400.
By Daphne Howland • Nov. 10, 2017 -
Burberry announces ambitious turnaround plan
The effort will take time and resources, and Burberry warned it will hamper sales growth until 2021.
By Daphne Howland • Nov. 10, 2017 -
Kohl's breaks sales losing streak
Sales improvements are partially thanks to a strong back-to-school season, but the 'meager' lift wasn't reflected in the bottom line.
By Daphne Howland • Nov. 9, 2017