Financial News: Page 254
-
Moody's: Department store turnarounds taking hold
Analysts see relative improvements across the sector as chains grapple with traffic declines, e-commerce costs and managing inventory and store footprints.
By Ben Unglesbee • Aug. 18, 2017 -
Target and Barnes & Noble Education team up against Amazon on campus
The collaboration aims to reach young consumers in areas without Target’s new small-format stores.
By Daphne Howland • Aug. 18, 2017 -
Ross' brick-and-mortar stores help spark sales uplift
The company has even more unlocked potential and could continue to add to its store fleet.
By Daphne Howland • Aug. 18, 2017 -
Target needs big ideas to grow grocery
The retailer has made improvements to its supply chain and organic assortment, but it has still struggled to increase sales in a highly competitive market.
By Jeff Wells • Aug. 18, 2017 -
Gap sees Q2 improvements in ongoing turnaround
The company reported its third straight quarter of sales increases, with Old Navy once again leading the pack.
By Daphne Howland • Aug. 18, 2017 -
HBC has opened corporate office in India
Retailers continue to look East for professional talent, as Saks follows the same path that J.C. Penney and others have taken.
By Dan O'Shea • Aug. 17, 2017 -
Sears Canada exec wants to buy the bankrupt retailer
The effort is one of few remaining chances the beleaguered retailer has, as it continues to suffer liquidity and operations issues similar to its U.S. cousin.
By Daphne Howland • Aug. 17, 2017 -
Alibaba revenue surges 56%
The e-commerce giant beat even Wall Street's high expectations and says that its efforts to create the "Alibaba Economy" are holistic.
By Daphne Howland • Aug. 17, 2017 -
Staples spinning off retail business
In a recent SEC filing, the office supplies seller said its U.S. and Canadian retail operations would be split off from the more profitable and healthy corporate sales unit.
By Ben Unglesbee • Aug. 17, 2017 -
Walmart Q2 hit by price cuts, e-commerce spending
The retail giant is gaining market share thanks to its e-commerce growth and omnichannel efforts, but that’s coming at a price.
By Daphne Howland • Aug. 17, 2017 -
Deep Dive
Nordstrom and Macy's: A lesson in surviving the retail apocalypse
They're both department stores facing extreme challenges, both in the midst of major changes. But these two stalwarts may be best positioned to survive.
By Daphne Howland • Aug. 17, 2017 -
Costco ordered to pay Tiffany $19.4M
Costco continues to argue that its use of "Tiffany" in product descriptions refers to the type of setting and says it plans to appeal.
By Daphne Howland • Aug. 17, 2017 -
Amazon reportedly owes $12.5M in taxes
With half of what Amazon sells coming from its third-party sellers, states are missing out on a significant source of sales tax revenue.
By Daphne Howland • Aug. 17, 2017 -
Jo-Ann rebrands as it integrates new tech features
The fabric and craft retailer is focusing on the makers who buy its products as it integrates mobile, analytics and video content.
By Ben Unglesbee • Aug. 16, 2017 -
July retail sales rise 3.5% year over year
But households are under pressure as their expenses mount, so there could be trouble ahead for retailers.
By Daphne Howland • Aug. 16, 2017 -
Urban rises on signs of new life in its second quarter
Strong wholesale sales are protecting the company somewhat, but missteps in apparel are hurting store sales and pushing the retailer to discount.
By Daphne Howland • Aug. 16, 2017 -
Target expands Restock next-day delivery service
Omnichannel services like Restock helped boost the retailer's sales in the second quarter, but they’re also cutting into the bottom line.
By Daphne Howland • Aug. 16, 2017 -
UPDATED: Retail CEOs seek distance from Trump after Charlottesville comments
Walmart CEO Doug McMillon had strong words for the president on Tuesday, but says he’ll remain on the White House advisory group.
By Daphne Howland • Aug. 16, 2017 -
Dick's stock gets clobbered after hints at price cuts
The sporting goods retailer's CEO warned of "panic" in the sector leading to a market share battle and more promotions.
By Ben Unglesbee • Aug. 15, 2017 -
Walgreens creates Center for Health & Wellbeing to host company research
The drug chain is giving customers access to more than 50 studies and reports produced in the past six years.
By Cara Salpini • Aug. 15, 2017 -
Coach's department store exit hurts revenue
Analysts say the upscale brand would do well to apply its strategy of short term pain, long term gain to its new Kate Spade unit.
By Daphne Howland • Aug. 15, 2017 -
TJX sales jump 6% on growing traffic
The off-price retailer said what department stores everywhere wish they could: traffic is on the rise, margins are up and the future is bright.
By Ben Unglesbee • Aug. 15, 2017 -
Home Depot posts 6% sales growth amid strong housing market
The retailer will be protected from any housing slowdown by its market share gains among professionals and DIYers alike, according to both Home Depot executives and analysts.
By Daphne Howland • Aug. 15, 2017 -
Sur La Table taps new CEO
Billy May replaces Diane Neal, who retired earlier this year after less than three years at the company.
By Daphne Howland • Aug. 15, 2017 -
Target doubles down on grocery with new execs
The new hires are tasked with saving Target's faltering food efforts as the retailer faces pressure from the likes of Walmart, Amazon and low-cost grocers.
By Daphne Howland • Aug. 15, 2017