Financial News: Page 258
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Michael Kors snaps up Jimmy Choo for $1.2B
With this move, Michael Kors is aiming upmarket and overseas for growth.
By Daphne Howland • July 25, 2017 -
J.C. Penney taps former Walmart exec as CFO
Jeffrey Davis has served as chief financial officer for Darden Restaurants (parent of the Olive Garden chain) and Walmart's U.S. stores.
By Ben Unglesbee • July 25, 2017 -
Lane Bryant launches free in-store styling
The company's one-on-one styling advice hopes to leverage the advantages of brick-and-mortar retail over e-commerce.
By Daphne Howland • July 25, 2017 -
Macy's names executive to head Backstage
Michelle Israel, senior vice president of Bloomingdale’s off-price unit, has been promoted to head Macy's Backstage and will oversee both businesses.
By Daphne Howland • July 25, 2017 -
Walmart takes a page from Amazon, invests in Plug Power
The investment provides both Walmart a means of powering its equipment faster, and a way to keep tabs on Amazon.
By Jennifer McKevitt • July 25, 2017 -
Deep Dive
What will become of the retail worker after the 'apocalypse'?
Employment losses in the retail sector are approaching 2009 levels with 60,000 jobs cut and counting. As retailers realign resources around e-commerce, the roles of associates are also changing.
By Ben Unglesbee • July 24, 2017 -
The Buckle taps new CFO as sales plummet
The teen apparel retailer is struggling with the chronic problems of the shifting apparel retail environment.
By Daphne Howland • July 24, 2017 -
Sephora debuts small format concept store in Boston
Sephora Studio will emphasize customer experiences through beauty consultations and services that fall in line with the retailer's in-store tech push.
By Daphne Howland • July 24, 2017 -
Amazon pays publishers, influencers to post on Spark
The e-commerce giant is seeking more content for its shopping-oriented social network.
By Robert Williams • July 21, 2017 -
FTC reportedly looking into Amazon's price listing practices
As it reviews the e-commerce giant's buyout of Whole Foods, the agency is probing a report that Amazon's reference prices mislead customers.
By Ben Unglesbee • July 21, 2017 -
Topshop taps Burberry merchant for top spot
Paul Price has been chief merchant at Burberry for a decade and replaces Topshop veteran Mary Homer, who left to lead The White Company.
By Daphne Howland • July 21, 2017 -
Amazon acquires comparison search firm Graphiq with Alexa in mind
As Amazon continues to expand Alexa's value, the e-commerce giant buys a company that enhances its search functionality.
By Dan O'Shea • July 20, 2017 -
NRF taps ex-Macy's chief Lundgren to lead board
Terry Lundgren, the man credited with building the first national department store chain, is leaving Macy's but he just can't quit retail.
By Daphne Howland • July 20, 2017 -
Alexa, can you help Sears sell Kenmore appliances?
The department store retailer is trying to boost sales of its appliance brand by selling on Amazon and connecting smart appliances to the e-commerce giant's virtual assistant.
By Ben Unglesbee • July 20, 2017 -
Abercrombie & Fitch investor: 'This is the time for buybacks'
A major shareholder, SLS Management, urged the retailer to take more aggressive action to bolster shareholder value following its failed sale.
By Daphne Howland • July 20, 2017 -
RadioShack receives a lifeline
The company will emerge from its second bankruptcy in two years as a shadow of its former shadow.
By Daphne Howland • July 20, 2017 -
Target kills Cartwheel Perks
The savings application, which is being rolled into Target's main app, will retain discounts and third-party coupons.
By Daphne Howland • July 20, 2017 -
Report: Walmart developing facial-recognition tech
The retailer is looking to the technology to monitor shopper dissatisfaction and improve the store experience.
By Dan O'Shea • July 19, 2017 -
Sears sued for holding its stock in retirement plan
A class action suit argues that the ailing retailer's stock has performed so poorly that no prudent or reasonable 401(k) manager would invest in it.
By Ben Unglesbee • July 19, 2017 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M ditches monthly sales reports, promises more transparency
The Swedish fast-fashion retailer will stick to quarterly and year-end reports and hold “Capital Markets Days” to provide more in-depth information.
By Daphne Howland • July 19, 2017 -
Walmart opens massive e-commerce fulfillment center
The new center is part of the retailer's broader effort to ramp up digital operations and challenge Amazon.
By Dan O'Shea • July 18, 2017 -
Target +Techstars welcomes second wave of startups
Startups ranging from a meal delivery kit company to an online tailor service head to Minneapolis for a three-month program.
By Corinne Ruff • July 18, 2017 -
Michael Kors reportedly readying Jimmy Choo bid
Private equity firms might also be suitors for the upscale footwear and accessories brand.
By Daphne Howland • July 18, 2017 -
Ross opens 28 new stores amid expansion
The first quarter brought a slowdown in sales growth for the off-price retailer, and opening more stores is the antidote, analysts say.
By Daphne Howland • July 18, 2017 -
Signet Jewelers taps board member as CEO
Virginia Drosos will take over for Mark Light, who is retiring due to health reasons.
By Daphne Howland • July 18, 2017