Financial News: Page 265
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Deep Dive
To suit customer nuances, Brooks Brothers rolled out a tailor-made app
Making suits is what Brooks Brothers knows how to do. Now, the storied tailors are weaving technology into the process to speed up delivery time.
By Naomi Eide • June 8, 2017 -
Bebe to pay $65M to exit all store leases
Thanks to its money in the bank, bebe has been able to make a graceful exit from the retail landscape, in contrast to some retailers that ended up in bankruptcy court fighting over assets.
By Daphne Howland • June 8, 2017 -
Investors flee Macy's as gross margins get squeezed
Executives acknowledged at an investor meeting that its gross margins, compressed by excess holiday inventory and price competition, may fall more than previously thought.
By Ben Unglesbee • June 7, 2017 -
Target, Best Buy, Home Depot rank highest for mobile web experiences
The retailers scored highly across five user experience factors, especially within ease of use and speed, according to a UserTesting report.
By Dan O'Shea • June 6, 2017 -
Sears store closures for 2017 now pushing 250
A source close to the company told Retail Dive Sears will close 66 additional stores on top of the 180 already announced this year.
By Daphne Howland, Ben Unglesbee • June 6, 2017 -
Lands' End continues to struggle as Sears mark lingers
CEO Jerome Griffith said there's more the company can do to turn around merchandising and marketing, but he sees light at the end of the tunnel.
By Daphne Howland • June 6, 2017 -
Drexler's J. Crew departure marks the end of an era
Former CEO Mickey Drexler, who announced his resignation Monday, made his mark on apparel retail, but is leaving amid unparalleled turmoil in the sector.
By Daphne Howland • June 6, 2017 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels sales fall short as Hobby Lobby, Amazon steal share
Sales for the arts and crafts retailer missed analyst expectations as executives blamed a "coloring headwind."
By Ben Unglesbee • June 6, 2017 -
Lidl US announces tie-up with fashion designer Heidi Klum
The no-frills German retailer's U.S. expansion promises pose a significant challenge to Walmart, Target and U.S. grocery stores.
By Daphne Howland • June 6, 2017 -
Ikea launching startup accelerator with lofty goals
The Swedish retailer is the latest company to launch a startup accelerator program, Ikea Bootcamp, which focuses on "enabling a positive impact on the planet, people and society.”
By Dan O'Shea • June 5, 2017 -
J. Crew CEO Mickey Drexler steps down
After 14 years at the company, Drexler will be succeeded by James Brett, current president of West Elm.
By Corinne Ruff • June 5, 2017 -
Consortium reportedly preparing 'stalking horse' bid for BCBG Max Azria
The group, led by licensing company Marquee Brands, could salvage as many as 20 stores, according to a report from Business of Fashion.
By Daphne Howland • June 5, 2017 -
Meijer thinks small with a new urban concept store
The Bridge Street Market will focus on fresh food and bring a unique small concept by Meijer to downtown Grand Rapids.
By Jeff Wells • June 5, 2017 -
Billabong taps longtime Nordstrom exec as CFO
Jim Howell, Nordstrom's former EVP of finance, will join the surf brand during a period of restructuring.
By Daphne Howland • June 5, 2017 -
Meijer's charitable outreach goes digital with new campaign
The Midwestern retailer identified sponsored products in its Produce For Kids initiative through its online shopping and digital coupon platforms.
By Keith Loria • June 5, 2017 -
Walmart CEO: 'We will compete with technology, but win with people'
At the retailer's annual shareholder meeting, Doug McMillon described a vision for the retail giant that departs from its brick-and-mortar, always-low-prices mainstay.
By Daphne Howland • June 5, 2017 -
Walmart testing 24-hour automated pickup kiosk for groceries
Located adjacent to a store in Oklahoma City, the kiosk can hold up to 30,000 products, including refrigerated and frozen items.
By Jeff Wells • June 5, 2017 -
Hollar fuels expansion with consumables from 7 brands
The mobile commerce dollar store plans to grow its SKU count by 500% by the end of the year to reach an estimated 18,000 SKUs.
By Dan O'Shea • June 4, 2017 -
Moody's: Luxury retailers' earnings growth to double this year
Although, growth is unlikely to reach the double-digit levels the sector enjoyed between 2010 and 2013, according to a report released Thursday.
By Daphne Howland • June 2, 2017 -
Fidget spinners deliver for Five Below
The company is expanding its store fleet and reaching new customers, who are coming in for treats and leaving with more.
By Daphne Howland • June 2, 2017 -
Amazon adds robots, 2K jobs to new Houston warehouse
Robots and humans will collaborate at the new facility to satisfy increasing demand for the Seattle behemoths' myriad products.
By Jennifer McKevitt • June 2, 2017 -
Lululemon beats expectations, plans wind down of Ivivva
While competition in athleisure is stiff and the market is maturing, the initiator in the space is holding its own, thanks to continuing innovation.
By Daphne Howland • June 2, 2017 -
Wal-Mart invests in VR for HR
The retail behemoth said it has started using virtual reality to help prepare employees for busy store conditions and other complex situations.
By Ben Unglesbee • June 1, 2017 -
Dollar General sales jump 6.5% amid bet on store expansion
The dollar store is working with thin margins amid stiff competition, but still has room to grow stores.
By Daphne Howland • June 1, 2017 -
Report: Retail cuts lead US job losses for the year
Macy’s has driven the retail carnage, with 10,000 job cuts and the closure of 68 stores, and the bankruptcies of The Limited, Wet Seal and American Apparel have also contributed to major losses.
By Daphne Howland • June 1, 2017