Financial News: Page 256
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Alibaba, Marriott teaming up to court travelers
The travel industry is an important growth opportunity in light of the estimated 700 million trips that China's travelers are expected to take over the next five years, the companies said.
By Daphne Howland • Aug. 8, 2017 -
Appear Here, Square host competition for pop-up store space
Entrepreneurs have the chance to fast-track their ideas from concept to storefront, with three winners receiving a two-week stint on a major shopping street.
By Dan O'Shea • Aug. 7, 2017 -
Sprouts CEO says Amazon partnership could expand to 50% of stores
The retailer, which reported strong earnings last week, said it plans to increase the number of stores delivering through Amazon Prime Now from 10 to 20 by the end of 2017.
By Jeff Wells • Aug. 7, 2017 -
Adidas muscles in on Nike, Under Armour with 66% e-commerce sales jump
The German athletic wear company has pivoted to street styles to drive much of its success, but still lags on mobile.
By Daphne Howland • Aug. 7, 2017 -
Moody's: Retail is still 'fundamentally healthy'
Despite store closures, layoffs and bankruptcies stealing headlines, the retail industry isn't doomed — it's just being forced to change at a rapid clip.
By Ben Unglesbee • Aug. 7, 2017 -
Otterbox opening first retail store
As other retailers shrink their brick-and-mortar footprint, the electronics accessories brand is opening a store in its Colorado hometown that features its expanding line of products.
By Daphne Howland • Aug. 7, 2017 -
Gap to shutter operations in Australia
OrotonGroup, which runs the franchise Down Under, is closing its six Gap locations while trying to execute a turnaround.
By Daphne Howland • Aug. 7, 2017 -
L.L. Bean tops Amazon in customer service
Amazon was no. 2, followed by Lands’ End, Fingerhut and Kohl’s, according to a report by Prosper Insights & Analytics.
By Daphne Howland • Aug. 7, 2017 -
Walmart prepared to fight back against Aldi and Lidl
The two German supermarkets are killing Walmart's Asda business in the U.K. — and now the pressure is on for Walmart's U.S. stores as well.
By Daphne Howland • Aug. 4, 2017 -
Retail job cuts defy national trends
July retail job cuts are 46.7% higher this year than in the year-ago period.
By Daphne Howland • Aug. 3, 2017 -
Deep Dive
Amazon Jobs Day: Why more than 20k showed up to apply
Amazon confronts the supply chain talent shortage by hiring for character qualities instead of skillsets, and manages to ding Walmart in the process.
By Ryan Golden , Kate Patrick Macri • Aug. 3, 2017 -
Line Friends opens flagship store in Times Square
The brand’s characters, which hail from a popular Japanese messaging app, demonstrate the rise of digital-first retailers.
By Daphne Howland • Aug. 3, 2017 -
Study: 73% of retail execs see bonuses slashed
As retailers turn to discounting and coupons to drive traffic, their leaders are seeing bonuses and compensation discounted to match the poor earnings.
By Daphne Howland • Aug. 3, 2017 -
Target accelerator grad Branch Messenger raises $6.8M
Getting early mentoring from Target and Techstars really paid off for work scheduling app creator Branch Messenger.
By Dan O'Shea • Aug. 3, 2017 -
Costco founder dies at 74
Jeff Brotman, along with co-founder and former CEO Jim Sinegal, long touted the superior pay, benefits and working conditions that Costco has become known for.
By Daphne Howland • Aug. 2, 2017 -
Blue Apron, Wayfair and Ascena top list of 'hot 100' retailers
The fast-growing retailers led the pack with differentiated merchandise and compelling shopping experiences, but even they are under severe pressure.
By Daphne Howland • Aug. 2, 2017 -
Forrester: US retail sales expand to $3.56T
While e-commerce is rising and topping 10% of all sales, stores remain important. Retailers should stop neglecting them, Forrester researchers say.
By Daphne Howland • Aug. 2, 2017 -
West Elm to open new hotel in Portland, Maine
The furniture retailer's boutique hotels offer customers a unique way to purchase furniture — after actually using it.
By Daphne Howland • Aug. 2, 2017 -
Tuft & Needle taps Amazon tech for new Seattle store
Many online sellers struggle with how much they should let Amazon take control of their sales and inventory, but Tuft & Needle is counting on the e-commerce giant for brick-and-mortar in-store tech and fulfillment.
By Dan O'Shea • Aug. 1, 2017 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour shedding 2% of its workforce
The sports apparel retailer announced a restructuring plan after a second quarter that saw North American sales stalling and a $12 million net loss.
By Ben Unglesbee • Aug. 1, 2017 -
Retail sales per square foot in decline
E-commerce isn't the only culprit — there are also too many stores. But shuttered storefronts contribute to lagging online sales.
By Daphne Howland • Aug. 1, 2017 -
Shopicks’ mobile shopping platform rebrands as Thinkover
The move aims to broaden the utility of the company's app across sectors as it aims to be a resource for shoppers mulling product purchases.
By Dan O'Shea • Aug. 1, 2017 -
Lowe's builds up in-home assistance for DIY contest winners
The retailer's Upskill Project aims to boost customer confidence about tackling home improvements tasks — and make loyal customers at the same time.
By Dan O'Shea • Aug. 1, 2017 -
Activist investor urges Dillard's to sell off its real estate
Snow Park Capital has bought up 2% of the department store retailer's Class A stock and wants the company to cash in on its owned store properties.
By Ben Unglesbee • Aug. 1, 2017 -
Walmart makes changes to its food leadership team
The retailer is shuffling employees within the produce, bakery and deli departments to better equip it for growth in the months and years ahead, according to a company memo obtained by Reuters.
By Jeff Wells • Aug. 1, 2017