Financial News: Page 259
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Amazon picks nine startups for first Alexa Accelerator session
Nine startups are in line to get a six-figure check as well as development and management help in pursuing conversational commerce efforts.
By Dan O'Shea • July 17, 2017 -
Virtual fitting room startup Metail raises $12.9M
The concept of a virtual fitting room is not new, but Metail just raised close to $12.9 million in funding for its ability to personalize the concept for each customer trying on clothes.
By Dan O'Shea • July 17, 2017 -
True Value reportedly for sale
The hardware retail co-op is working with an investment banker to search out potential buyers, and rival Ace might be interested.
By Ben Unglesbee • July 17, 2017 -
Bridal retailer Alfred Angelo files Chapter 7, abruptly shutters
The bridal category, like so many apparel segments, has been disrupted by new players offering lower prices and unique designs.
By Daphne Howland • July 17, 2017 -
Amazon Echo/Alexa chief departs after nearly 2 decades at the company
Mike George, who has been with the company since 1998, is stepping down just as the smart assistant and its devices begin to see explosive growth.
By Dan O'Shea • July 16, 2017 -
Suitors line up for Sears Canada
More than 20 parties have signed nondisclosure agreements as the company shops itself and its assets in the Canadian equivalent of Chapter 11.
By Ben Unglesbee • July 14, 2017 -
Retail sales see second straight monthly slide
Department stores continue to falter, but e-commerce sales rose in June, according to the U.S. Department of Commerce.
By Daphne Howland • July 14, 2017 -
First-ever Neiman Marcus CISO departs
In 2014, the company became one of the first retailers to hire a chief information security officer, just months after a high-profile data breach.
By Dan O'Shea • July 13, 2017 -
Guitar Center reportedly looking for a power chord on debt
The world's largest guitar retailer is looking for help restructuring $1.3 billion in debt as guitar sales decline and online competitors join the jam session.
By Ben Unglesbee • July 13, 2017 -
Walmart showcases $20B women's empowerment program
The retailer has sourced more than $20 billion from women-owned businesses worldwide for products and services in the U.S., and after a years-long, relatively quiet effort, wants to share results.
By Daphne Howland • July 13, 2017 -
Target boosts Q2 guidance as traffic, sales improve
The company is gleaning positive results from new merchandising, brick-and-mortar and e-commerce efforts.
By Daphne Howland • July 13, 2017 -
Tiffany taps veteran luxury exec as new CEO
Alessandro Bogliolo replaces Frederic Cumenal, who stepped down in February amid declining sales at the luxury jeweler.
By Ben Unglesbee • July 13, 2017 -
Deep Dive
Can Backstage attract shoppers to Macy's mall stores?
As the department store pushes ahead on off-price concepts, experts say there's a fine line between attracting new shoppers and heading too down market.
By Laura Heller • July 12, 2017 -
Target rethinks curbside pickup, launches new test
The big-box retailer is testing a new pickup service at three Minneapolis-area stores just a year after pulling the plug on a previous attempt.
By Corinne Ruff • July 12, 2017 -
Walmart will fine suppliers for late, early deliveries in push for inventory control
The new rule may have unintended consequences at Walmart's loading docks, however, as carriers will lose a time-based risk buffer to account for traffic, weather and hours-of-service delays.
By Jennifer McKevitt • July 12, 2017 -
Deep Dive
5 takeaways from Amazon Prime Day 2017
Amazon once again had its biggest sales day in history, crushing the competition on both assortment and price. Here's what you need to know about Prime Day 2017.
By Laura Heller • July 12, 2017 -
Report: Hudson's Bay faces more calls to sell off property
Shareholders representing more than 7% ownership in the Canadian department store retailer support an activist investor's plan to sell off treasured real estate.
By Ben Unglesbee • July 12, 2017 -
Bankrupt Gymboree to close 350 stores
The children's apparel retailer is trying to shore up its balance sheet and focus on its most profitable stores and brand lines through the closures hashed out in bankruptcy court.
By Ben Unglesbee • July 12, 2017 -
Deep Dive
Prime Day: A test-run for peak season logistics
Amazon's customers expect items to show up on doorsteps only a few days after purchase, but that's only if truckers can get them to Amazon's fulfillment centers first.
By Kate Patrick Macri • July 12, 2017 -
Lululemon takes Under Armour to court over sports bra patents
The athleisure brand has good reason to protect its sports bra designs, considering how important the category is to its bottom line.
By Daphne Howland • July 12, 2017 -
Lululemon, PBteen launch capsule decor collection for girls
The collection comes as Lululemon is scaling back its Ivivva unit, leaving few stores open.
By Daphne Howland • July 12, 2017 -
Dick's Sporting Goods taps CMO amid leadership shakeup
A Dunkin' Brands exec will join the company just two months after it announced the departure of its chief operating officer and the appointment of a new president.
By Daphne Howland • July 12, 2017 -
New tools from Salesforce to help retailers manage their field forces
As retailers increasingly put their own employees in the field to provide on-site support services for customers, Salesforce has come up with tools to help them.
By Dan O'Shea • July 12, 2017 -
Eddie Lampert, investors mull Sears Canada deal
ESL Partners and another investment fund "may engage” in discussions of a transaction that involves the Canadian retailer, but the announcement offered few details on what a deal may look like.
By Ben Unglesbee • July 11, 2017 -
UPDATE: Prime Day could fetch Amazon $2B in sales
The e-commerce giant's holiday in July is expected to set new records as rival retailers take the day to promote their own deals.
By Ben Unglesbee • July 11, 2017
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