Financial News: Page 261
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Camping World scales back store plans for Gander Mountain
From the get-go, CEO Mark Lemonis made it clear that only stores with good prospects would survive, and now only 57 stores are slated to re-open.
By Daphne Howland • June 30, 2017 -
Staples acquirer reportedly plans to split the retailer up
Private equity firm Sycamore Partners plans to split the office supplies retailer into three separately financed units to help win financing for the deal.
By Ben Unglesbee • June 30, 2017 -
Nike steps ahead in Q4 with consumer connection strategy
The sports gear maker on Thursday also confirmed it will sell a limited assortment through Amazon.
By Daphne Howland • June 30, 2017 -
Pier 1 tumbles on sales miss
But the furniture and home goods retailer narrowed its losses on cost controls and held the line on discounts.
By Daphne Howland • June 30, 2017 -
H&M grows Q2 profits and the Arket brand
But high inventories and lower sales triggered markdowns. Meanwhile, hometown Stockholm will get a new Arket store, the fast-fashion retailer's latest banner.
By Daphne Howland • June 30, 2017 -
Abercrombie inks Hong Kong deal for new store concept
The teen apparel retailer will also open five such stores in the U.S., featuring fitting rooms with controls for light and music and a phone charging dock.
By Daphne Howland • June 30, 2017 -
Walmart celebrates 'Academy' graduates in revamped training effort
Walmart has plans for 200 "Walmart Academies" to be running revamped training nationwide by the end of the year.
By Daphne Howland • June 29, 2017 -
Report: CVS is hiding the candy in push for better health
The drugstore retailer has moved candy bars away from the checkout and dropped suntan oil to further align the CVS brand with healthy living.
By Ben Unglesbee • June 29, 2017 -
Walgreens pulls the plug on Rite Aid deal
An outright merger has been replaced with a new agreement with Rite Aid where Walgreens Boots Alliance will purchase 2,186 stores, DCs and inventory.
By Daphne Howland • June 29, 2017 -
Mall vacancy rate edges up in Q2
The U.S. regional mall vacancy rate rose 0.2% to 8.1% in the second quarter, largely due to nationwide Macy's closures, according to real estate research firm Reis.
By Daphne Howland • June 29, 2017 -
Staples to be acquired by Sycamore Partners for $6.9B
After its failed merger with Office Depot last year, Staples has agreed to be taken private in the hopes of orchestrating a turnaround.
By Laura Heller • June 28, 2017 -
Walmart and Quest team up for lab services
The partnership furthers efforts to broaden healthcare services to increase traffic and boost sales.
By Daphne Howland • June 28, 2017 -
Adverse effects of personal care products double in 2016
Consumers are reporting more adverse affects from using beauty and wellness products, encouraging retailers to create safer products.
By Daphne Howland • June 28, 2017 -
Louis Vuitton reportedly mulling US factory for production
The idea was floated by the brand, owned by luxury conglomerate LVMH, in a meeting with President Donald Trump.
By Daphne Howland • June 28, 2017 -
Under Armour brings back COO post amid leadership shake-up
Incoming COO Patrik Fisk, most recently CEO of footwear company Aldo, will be charged with executing the athletic retailer's long-term growth plan during a period of muted progress.
By Daphne Howland • June 28, 2017 -
Nike unveils NYC headquarters
The new effort is part of the company's recently announced Consumer Direct Offense initiative focusing on major cities worldwide to forge deeper ties with urban consumers.
By Daphne Howland • June 27, 2017 -
Deep Dive
More layoffs. More store closures. What's the endgame for Sears?
The once-dominant retailer is set to close around 270 stores and lay off more than 500 corporate staff this year — cuts that help the bottom line but don't convince analysts that Sears has a bright — or any — future.
By Ben Unglesbee • June 27, 2017 -
Kohl's taps Supervalu exec as CFO
Bruce Besanko will join the department store retailer as it buys much-needed time to address its weaknesses.
By Daphne Howland • June 27, 2017 -
Cultures clash in the aftermath of Walmart's e-commerce acquisitions
Jet employees are grappling with culture changes that include prohibitions on drinking and even cursing.
By Daphne Howland • June 27, 2017 -
Report: Alibaba may buy or invest in Yoox Net-a-Porter
Shares in the Italian online fashion retailer soared Monday as rumors swirled that the Chinese e-commerce giant is interested in a takeover.
By Daphne Howland • June 27, 2017 -
E-commerce startup ThredUP launches 'smart' brick-and-mortar store
The secondhand seller is using consumer data to personalize the shopping experience at its first store.
By Corinne Ruff, Dan O'Shea • June 26, 2017 -
Dollar General taps new chief merchandising officer
Jason Reiser, most recently of Vitamin Shoppe and a former executive at Family Dollar, has more than 30 years of experience in retail management.
By Daphne Howland • June 26, 2017 -
Walmart reportedly not interested in buying Whole Foods
J.P. Morgan analysts said Walmart is more likely than Korger, Costco or Target to challenge to Amazon's Whole Foods bid, but apparently the retail giant doesn't want the high-end grocer.
By Daphne Howland • June 26, 2017 -
Bed Bath & Beyond mulls store closures
Some 80 to 100 stores could close in coming years as leases open up, but the home goods retailer is hesitant to act based on the profitability of its stores.
By Daphne Howland • June 26, 2017 -
Report: Eddie Bauer looking for a buyer
The outdoor gear retailer has spent most of the 21st century burdened with debt, surviving two trips to bankruptcy court, and is now searching for a suitor.
By Daphne Howland • June 26, 2017