Financial News: Page 241
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Macy's sales drop as focus shifts
But the department store retailer is focusing on the wrong things, analysts warn.
By Daphne Howland • Nov. 9, 2017 -
Sears pulls more financial levers as sales plunge
The maneuver gives Sears a break from paying into pension plans as the struggling company reports that same-store sales plummeted 15.3%.
By Daphne Howland • Nov. 9, 2017 -
Amazon takes on Wayfair with new furniture lines
Rivet, a mid-century modern line, and Stone & Beam, a farmhouse-style line, both come with a 30-day return policy and a three-year warranty.
By Daphne Howland • Nov. 9, 2017 -
LVMH shuffles executive suite for a 'new era'
For Christian Dior Couture in particular, CEO Bernard Arnault said the shakeup signals a new beginning for the luxury company.
By Daphne Howland • Nov. 9, 2017 -
Teen apparel chain Styles For Less files for bankruptcy
The California-based retailer, which plans to reorganize, joins a list of at least 20 high-profile retailers to file for bankruptcy so far this year.
By Corinne Ruff • Nov. 8, 2017 -
Only 17% of Americans want retailers to open on Thanksgiving
More shoppers than ever feel retailers are tainting their home-grown holiday, and industry experts say opening stores on the day may not pay off.
By Daphne Howland • Nov. 8, 2017 -
Container Store turnaround gains traction
The retailer has unfrozen its hourly wage hikes and is plotting brick-and-mortar improvements as it climbs out of a "retail funk."
By Daphne Howland • Nov. 8, 2017 -
Office Depot launches subscription 'box' for small businesses
The office supplies retailer has joined the subscription craze with a monthly delivery of services rather than products.
By Daphne Howland • Nov. 8, 2017 -
Target to close 12 underperforming stores
The mass merchant, however, continues to open small format stores and plans for roughly 35 new units in 2018, along with stepped up remodeling efforts.
By Daphne Howland • Nov. 8, 2017 -
Tapestry suffers surprise as sales drop at Coach, Kate Spade
Sales at the newly renamed company rose more than 24% but missed expectations as same store sales dropped at flagship brands.
By Daphne Howland • Nov. 7, 2017 -
Etsy roars back as revenue soars 21.5%
On the heels of new feature and tools releases, the e-retailer handily beat revenue and earnings expectations.
By Daphne Howland • Nov. 7, 2017 -
REI hires retail veteran CIO
Christine Putur, the second CIO in the company's history, is also the second woman to hold that position at the retailer.
By Dan O'Shea • Nov. 7, 2017 -
Target unveils big discounts ahead of Thanksgiving, Black Friday
The mass merchant plans to open on Thanksgiving for the fourth year in a row, but is scaling back hours and paying employees a premium.
By Daphne Howland • Nov. 7, 2017 -
CVS announces next-day and same-day delivery
The drugstore chain saw retail sales decline in the third quarter as it continues to emphasize health care operations.
By Daphne Howland • Nov. 7, 2017 -
Opinion
4 startups that go head to head with Amazon and Whole Foods
Despite the convenience, millennials really don't want to buy everything on Amazon, writes Alexa Binns of Borden Binns.
By Alexa Binns • Nov. 6, 2017 -
Home Depot tops major retailers in mobile web usability
Costco, on the other hand, has more work to do to improve the functionality, checkout, payment capability and content of its mobile website, according to a new report from Forrester.
By Robert Williams • Nov. 6, 2017 -
October retail employment clouded by hurricanes
The 18,000 job decline last month may also be explained by the shift to e-commerce, according to outplacement consultancy Challenger, Gray & Christmas.
By Daphne Howland • Nov. 6, 2017 -
J.C. Penney cuts chief merchant position
An executive shakeup comes just weeks after the department store retailer lowered its outlook for the third quarter.
By Daphne Howland • Nov. 6, 2017 -
Sears to close another 63 stores
The struggling retailer's store closures for the year nears 400 as the company does everything it can to bring costs in line with falling sales.
By Ben Unglesbee • Nov. 3, 2017 -
Retail trade groups cheer Trump's Christmas tax reform deadline
NRF president and CEO Matthew Shay said passing tax reform by Christmas would be "the perfect present for the American people and the U.S. economy."
By Corinne Ruff • Nov. 3, 2017 -
Untuckit to open 100 brick-and-mortar stores by 2022
The online retailer plans to open 50 of those stores by the end of 2018 even as it expands its assortment to include children's apparel, according to CNBC.
By Daphne Howland • Nov. 3, 2017 -
Under Armour CMO out after just 15 months
Andrew Donkin joined the athletic apparel brand from Amazon, but is leaving following rough third-quarter earnings reported earlier this week.
By David Kirkpatrick , Peter Adams • Nov. 3, 2017 -
For Ralph Lauren, a 'faint light' at the end of the tunnel
The company's sales declines were mostly from its planned retreat from department stores and slowed discounts, but it still has work to do when it comes to product strategy.
By Daphne Howland • Nov. 3, 2017 -
Amazon takes a step toward cryptocurrency
The retailer has registered several relevant domains. Is the move speculative, defensive or does Amazon have plans to accept new forms of payment?
By Dan O'Shea • Nov. 2, 2017 -
Costco shrugs off Amazon
While some analysts worry about the warehouse retailer's brick-and-mortar focus, the company continues to boast impressive earnings.
By Daphne Howland • Nov. 2, 2017