Financial News: Page 257
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Belk announces store expansions, remodels
With news dominated by brick-and-mortar closures, the department store's expansion is a surprising bit of good news.
By Daphne Howland • July 31, 2017 -
Report: Staples may hand over retail operations to Office Depot
The agreement, which would include the office supplies retailer's 1,500 stores, comes after both companies have struggled to find a new strategy.
By Daphne Howland • July 31, 2017 -
Limited Too to launch back-to-school pop-up
The tween brand is taking to the streets, literally, to boost sales for the season.
By Cara Salpini • July 31, 2017 -
Deep Dive
Private equity and retail — a match made for striking
Time after time, private equity firms swoop in to rescue faltering retailers. But are they doing more harm than good?
By Daphne Howland • July 31, 2017 -
Walmart slashes 'a few dozen' corporate jobs
Meanwhile, after announcing a push to boost U.S.-based manufacturing, the company has also opened its online marketplace to overseas sellers for the first time.
By Daphne Howland • July 31, 2017 -
Mall owners take a pay cut amid brick-and-mortar struggles
Simon Property Group, GGP and Macerich executives are reducing compensation as retail properties empty out — a correction to the over-built retail environment.
By Daphne Howland • July 31, 2017 -
Etsy taps new CTO amid turnaround
Mike Fisher's appointment comes as the artisanal marketplace makes job cuts and searches for a path forward.
By Daphne Howland • July 31, 2017 -
Best Buy cutting 400 remote Geek Squad jobs
Affected employees will be offered other jobs with similar pay and responsibilities.
By Daphne Howland • July 31, 2017 -
Amazon's mid-year job fair sets the stage for hiring spree
Bolstered by new fulfillment centers and with the offer of employee benefits, the e-commerce giant again sets a benchmark for growth.
By Jennifer McKevitt • July 31, 2017 -
Aerosoles reportedly seeking a sale
The company has been trying to find a sweet spot between its reputation for comfort and its appeal as a retailer of affordable footwear for older women.
By Daphne Howland • July 31, 2017 -
Report: Amazon acquires GameSparks for $10M
The deal to snap up the provider of cloud-based gaming developing tools is only the e-commerce giant's latest acquisition in recent months.
By Dan O'Shea • July 30, 2017 -
Amazon is rolling out secure delivery hubs for multi-dwelling buildings
Looking to lock up ownership of the last few inches of delivery's last mile, Amazon is offering to install secure, coded delivery lockers in apartment and condo buildings.
By Dan O'Shea • July 30, 2017 -
Report: Nordstrom negotiating with PE firms to go private
Nordstrom family members are exploring sweetheart deals with potential partners that could help fund a buyout.
By Ben Unglesbee • July 28, 2017 -
GNC sales dip but turnaround progress is steady
Despite lackluster sales numbers, GNC says recent changes — including selling products on Amazon — are paying off.
By Daphne Howland • July 28, 2017 -
Topshop's Arcadia Group to launch Outfit Kids
Children's apparel is a tricky slice of the struggling category but the launch follows extensive research.
By Daphne Howland • July 27, 2017 -
Camping World acquires online sports site The House
Camping World continues to expand its horizons, moving into new areas both geographically and in its merchandise offerings.
By Daphne Howland • July 27, 2017 -
Walmart outlines policies to 'renew' US manufacturing
The big-box retailer's VP of U.S. manufacturing met with public and private sector leaders Wednesday to lay out the 10-point plan meant to create 1.5 million American jobs.
By Corinne Ruff • July 27, 2017 -
Neiman Marcus reportedly cutting 225 jobs
The department store is suffering under "completely unsustainable" levels of debt and has ceased efforts to sell itself.
By Daphne Howland • July 27, 2017 -
Deep Dive
Is Sears' Kenmore deal with Amazon a game changer, or a drop in the bucket?
A partnership to sell Kenmore appliances on Amazon could add new sales for Sears and expand Amazon's appliance ambitions. But will Amazon shoppers flock to a brand some say is dying?
By Ben Unglesbee • July 27, 2017 -
Moody's: Smaller retailers vulnerable as competition intensifies
Amazon is casting a long shadow, and smaller retailers are vulnerable as competitors seek to grab their market share. And grocers are next.
By Daphne Howland • July 26, 2017 -
Walmart, JD announce shopping holiday to rival Singles Day
The companies have joined forces in China on order fulfillment and distribution and are planning an answer to Alibaba's blockbuster Singles Day.
By Daphne Howland • July 26, 2017 -
Shareholders demand Rent-A-Center sell itself
The rent-to-own retailer has faced increasing pressure from shareholders as it struggles to stay competitive in the market.
By Daphne Howland • July 26, 2017 -
Survey: Retailers using outdated tools to manage sourcing
Retail sourcing management needs to be brought into the 21st Century with new tools to manage their sourcing and supplier relationships, according to new research.
By Dan O'Shea • July 26, 2017 -
Activist presses Barnes & Noble to sell itself or go private
Sandell Asset Management said it had taken a "meaningful" stake in the book retailer and pushed it to consider a buyout by private equity or potentially a media company.
By Ben Unglesbee • July 25, 2017 -
Sports retailers tumble on Hibbett Sports sales warning
The sports retailer has its particular troubles, including a late entry to e-commerce, but investors are worried about sports retail in general.
By Daphne Howland • July 25, 2017