Financial News: Page 242
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Hudson's Bay gets $3.5B offer for German unit
There's an offer from a rival on the table and an activist fund crying foul over a recent investment as boardroom antics heat up.
By Ben Unglesbee • Nov. 2, 2017 -
Alibaba kicks off Singles Day on the heels of stellar Q2 growth
In the same week that Amazon launched Black Friday sales 50 days early, the Chinese e-commerce giant launched interactive games and a "see now, buy now" fashion show to entice shoppers during its Singles Day event.
By Corinne Ruff • Nov. 2, 2017 -
Wayfair sales soar as furniture shoppers increasingly go online
On a call with analysts Thursday, executives emphasized a focus on repeat customer orders and rising per-customer spend.
By Daphne Howland • Nov. 2, 2017 -
Moody's: 'Life could get a lot tougher, a lot quicker' for retailers
The Toys R Us bankruptcy has investors spooked, and analysts with the ratings agency believe it could have a "ripple" affect throughout the industry.
By Ben Unglesbee • Nov. 2, 2017 -
Walmart dumps Danskin
The retail giant may be hoping to replace the iconic brand with one of its own making in the popular and very competitive athleisure market.
By Daphne Howland • Nov. 1, 2017 -
Rent-A-Center exploring a sale amid activist pressure
After reportedly spurning private equity offers this year, the rent-to-own retailer is again looking at a possible sale of the company.
By Ben Unglesbee • Nov. 1, 2017 -
Sears issues searing response to WSJ story
The retailer described the article about its financial troubles as "yet another rehash of inaccurate assertions and negative speculation about Sears Holdings and its future."
By Ben Unglesbee • Nov. 1, 2017 -
Only 58% of retailers invest in tech to handle holiday sales spikes
Seasonal hiring and additional inventory may no longer be the best way to handle holiday shopping spikes, a new survey found.
By Dan O'Shea • Nov. 1, 2017 -
Pirch shutters all non-California stores
The experiential upstart appliance retailer is a poster child for today’s brick-and-mortar ideals, and, despite its failed expansion, the company is hardly giving up.
By Daphne Howland • Nov. 1, 2017 -
Deep Dive
A peek inside Nordstrom's merchandise-free 'Local' shop
The store borrows from the showroom concept and is all about experience, as Nordstrom embraces the spirit of innovation to attract new demographics and better compete.
By Corinne Ruff • Nov. 1, 2017 -
Macy's opens 'digital playground' at Herald Square
It’s a return, of sorts, to the department store electronics section, but it could be too little, too late for Macy’s.
By Daphne Howland • Nov. 1, 2017 -
Sharper Image returns with Times Square pop-up
The two-story location in one of New York City's busiest shopping districts will be open seven days a week, "now through the holidays," according to the brand's Facebook page.
By Daphne Howland • Nov. 1, 2017 -
Charming Charlie reportedly seeks a loan ahead of holidays
The jewelry and accessories retailer is burning cash and looking for a financial lifeline to help it avoid bankruptcy, sources told The Wall Street Journal.
By Ben Unglesbee • Oct. 31, 2017 -
Under Armour becoming 'just another brand in a sea of brands'
Amid fierce competition in sports retail, Under Armour is caught between a need for financial discipline and a need to revamp its brand.
By Daphne Howland • Oct. 31, 2017 -
Hudson's Bay looks to sell another flagship
The iconic property in downtown Vancouver could sell for as much as $900 million and would be the second major sale since the retailer agreed to sell its Manhattan Lord & Taylor store last week.
By Ben Unglesbee • Oct. 31, 2017 -
Burberry's Christopher Bailey to step down
The chief creative director, who stepped down from the CEO spot last year amid calls for him to forsake his dual role, is leaving the company after 17 years.
By Daphne Howland • Oct. 31, 2017 -
Dollar General taps Rob Scruggs to lead digital push
As the first digital chief, his appointment could signal a move to boost e-commerce in a segment that has hewed to brick-and-mortar retail.
By Daphne Howland • Oct. 31, 2017 -
REI revamps #OptOutside
In the third year of the campaign, the outdoor retailer is launching a search engine populated with user-generated content.
By Cara Salpini • Oct. 30, 2017 -
True Religion exits bankruptcy, shedding $358M in debt
The denim apparel retailer is "clearing the way" for company investment and growth just in time for the holidays.
By Ben Unglesbee • Oct. 30, 2017 -
Nike challenges Lululemon with 'Pant Studios'
The line was derived from intense market research and is part of Nike's push to capture more athleisure sales.
By Daphne Howland • Oct. 30, 2017 -
Simon Property plots growth, considers a sale
With an over-abundance of brick-and-mortar stores and malls in the U.S., CEO David Simon said the company is mulling a "sale potentially by year-end or early next year."
By Daphne Howland • Oct. 29, 2017 -
J.C. Penney expects heavier Q3 loss as it recasts women's apparel
Wall Street pummeled the department store retailer as it moved to liquidate inventory and speed up its turnaround strategy in apparel.
By Ben Unglesbee • Oct. 27, 2017 -
Walgreens to shutter 600 Rite Aid stores
The retailer said optimizing its purchase of nearly 2,000 Rite Aid stores, a scaled back version of its original merger plans, will entail a number of closures over the next 18 months.
By Daphne Howland • Oct. 27, 2017 -
CVS reportedly in talks to buy Aetna
The companies are mulling a $66 billion deal as CVS looks to bolster itself in preparation for Amazon's potential entry into the space, The Wall Street Journal reports.
By Shannon Muchmore • Oct. 27, 2017 -
Home improvement sector weatherized for the retail storm
The segment will outpace wider retail for the next year or so, although the housing boom that's fueling it could turn into a drag if housing prices rise too much, according to Moody's Investors Service.
By Daphne Howland • Oct. 27, 2017