Financial News: Page 243
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Amazon reportedly snaps up wholesale pharmacy licenses
The e-commerce giant has received regulatory approval from 12 states, and analysts have said it's only a matter of time before it dives into the market.
By Daphne Howland • Oct. 27, 2017 -
Amazon's sales — and costs — are going up
More than ever, Amazon’s report is a picture of burgeoning sales, with heavy investments hitting profits. But most analysts continue to see its potential.
By Daphne Howland • Oct. 26, 2017 -
Amazon Fashion signs up Drew Barrymore's 'Dear Drew' collection
The new line from the actress follows a prior collaboration with Walmart, which debuted Barrymore's Flower cosmetics brand.
By Daphne Howland • Oct. 26, 2017 -
Nike delays $50B revenue target
The company will achieve this goal in the next five years as it hones a long-term growth strategy announced this summer, CEO Mark Parker told CNBC.
By Daphne Howland • Oct. 26, 2017 -
Toys R Us reports full supplier backing
An attorney for the toy retailer said in court that almost all of its top suppliers are shipping on normal terms again.
By Ben Unglesbee • Oct. 26, 2017 -
American Eagle's NYC concept lets students do laundry while shopping
The new store also includes amenities like a "jeans gallery," as well as a bar and lounge with a view of Union Square.
By Daphne Howland • Oct. 26, 2017 -
This $525M shopping center could be the last enclosed mall built
Located about 50 miles north of New York City, the mall represents an endangered concept as shopping preferences shift.
By Laurie Cowin • Oct. 26, 2017 -
Deep Dive
Nordstrom Rack opens second Manhattan store
The latest addition to the department store retailer's off-price fleet is larger and sports new technology such as visual search, designed to create a better omnichannel experience.
By Lara Ewen • Oct. 26, 2017 -
Target unveils AR mobile feature for furniture shopping
The "See It In Your Space" capability works with the retailer's Project 62 furniture line, part of its renewed commitment to differentiated merchandising.
By Daphne Howland • Oct. 25, 2017 -
Amazon unlocks in-home delivery with ‘Amazon Key’
Just ahead of the holidays, Prime members in 37 cities will be able to give remote access to their homes for services and package delivery if they buy the company's latest device.
By Corinne Ruff • Oct. 25, 2017 -
Walgreens sales remain 'anemic' despite Rite Aid takeover
The acquisition of nearly 2,000 Rite Aid stores will contribute growth next year, but that won't help Walgreens improve its stores.
By Daphne Howland • Oct. 25, 2017 -
Amazon launches Prime for business customers
Amazon's swift expansion of its B2B business is exactly what Staples and Office Depot described to a skeptical Federal Trade Commission last year as their merger plans faltered.
By Daphne Howland • Oct. 25, 2017 -
Lowe's to sell Craftsman tools
The move by the home improvement retailer represents further erosion of a historic Sears strength, as well as an advantage over rival Home Depot.
By Daphne Howland • Oct. 25, 2017 -
Walmart reorganizes Home with a group president and new top exec for Hayneedle
Walmart is strengthening the home category with new leadership across all digital properties while one of those units, Hayneedle, gains an exec with a millennial-focused brand history.
By Dan O'Shea • Oct. 24, 2017 -
Deep Dive
Lord & Taylor could be the anchor to Walmart's web mall
A partnership with the upscale department store could allow the big-box retailer to tap into a wealthier market, but it also stands to dilute the brand.
By Corinne Ruff • Oct. 24, 2017 -
Sears to stop selling Whirlpool appliances
The manufacturer "has sought to use its dominant position in the marketplace to make demands" that put Sears at a pricing disadvantage, the retailer said in a note to employees.
By Ben Unglesbee • Oct. 24, 2017 -
Bed Bath & Beyond adds $29 annual membership Beyond+
The membership experiment was first floated as a way to ease margins hit by its popular blue-and-white coupons.
By Daphne Howland • Oct. 24, 2017 -
Hudson's Bay to sell Lord & Taylor Fifth Avenue store
The $850 million deal makes way for WeWork to build a New York headquarters, while leaving just enough room for a diminished Lord & Taylor store.
By Ben Unglesbee • Oct. 24, 2017 -
Target unveils mobile pay in time for the holidays
This season the mass merchant is betting that its new private label lines will balance the margin hit from its consumer goods price cuts.
By Daphne Howland • Oct. 24, 2017 -
Amazon HQ2 grabs 238 bids
Following the announcement, cities scrambled to pull together incentive packages and tout their advantages as a second base, though not everyone was enamored by the opportunity.
By Daphne Howland • Oct. 24, 2017 -
Jet takes on Amazon, Target with new private brand 'Uniquely J'
The e-commerce company's line targets Amazon Basics and enters a highly competitive consumer goods market.
By Daphne Howland • Oct. 24, 2017 -
Deep Dive
What's next for Hudson's Bay?
The 350-year-old company has been here before: Possessing vast real estate holdings with more value than its once-lucrative core business. Will this retail empire go the way of the fur trade?
By Daphne Howland • Oct. 24, 2017 -
Hudson's Bay CEO steps down abruptly
Executive Chairman Richard Baker will take over the chief executive role until a permanent replacement for Jerry Storch is selected.
By Ben Unglesbee • Oct. 23, 2017 -
Neiman Marcus, Talbots and Land's End among those added to new Fitch watch lists
The ratings agency has named more than a dozen retailers at some risk of bankruptcy or other forms of default.
By Ben Unglesbee • Oct. 23, 2017 -
Toys R Us gets a head start on Black Friday
America’s most prominent toy retailer has little wiggle room this holiday season in light of last month's bankruptcy filing.
By Daphne Howland • Oct. 23, 2017