Financial News: Page 266
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BCBG founder Max Azria ditches fashion for bug-zapping startup ZappLight
The designer has traded “bon chic, bon genre," Parisian slang for "good style, good attitude” and the basis for his former company’s name, for “buzz, zap.”
By Daphne Howland • June 1, 2017 -
Deep Dive
Why Wal-Mart is betting big on e-commerce acquisitions
The brick-and-mortar giant has been gobbling up online retail startups at a record pace. Is it a path to e-commerce success or an existential crisis?
By Daphne Howland • May 31, 2017 -
Michael Kors to shutter up to 125 stores in next 2 years
The apparel and accessories brand is suffering from its retail over-expansion and discounting habit, which have hit sales and made its recovery path more difficult.
By Daphne Howland • May 31, 2017 -
Office Depot shuffles C-suite to firm up new strategy
CEO Gerry Smith arrived at the company in February, and now his team is shaping up as the retailer continues to figure out how to stay competitive in the office supplies space.
By Daphne Howland • May 31, 2017 -
Neiman Marcus interim CFO steps down after 7 months
The debt-loaded company and Michael Fung agreed not to renew his consulting contract as the department store retailer continues to search for a permanent replacement.
By Daphne Howland • May 31, 2017 -
Lidl announces locations of first 9 store openings
An analysis of the new locations, which start selling on June 15, shows the German discounter is going right at established players.
By Jeff Wells • May 31, 2017 -
Georgia Tech incubator launches retail-focused program
A $1 million gift will help the university's long-standing incubator turn its attention toward cultivating retail technology startups.
By Dan O'Shea • May 30, 2017 -
BJ's Wholesale primes omnichannel push with new CIO, CDO
The company tapped two retail technology veterans to fill high-level jobs focused on e-commerce and omnichannel strategy just weeks after it was reportedly considering a sale.
By Dan O'Shea • May 30, 2017 -
Deep Dive
Why Gymboree is staring down bankruptcy — and what it means for the rest of children's apparel
The children's apparel retailer is nearing a deadline on its $1 billion debt load, which could lead to a death spiral if it can't score a lifeline fast.
By Ben Unglesbee • May 30, 2017 -
Snapchat parent snaps up a drone startup
But how does Ctrl Me fit into Snap's larger plans of being a "camera company"?
By David Kirkpatrick , Peter Adams • May 30, 2017 -
Cabela's founder fights to preserve headquarters
The company is scrambling to save its proposed merger with rival Bass Pro Shops and was looking to sell itself even before hedge fund Elliott Capital Management began to push the idea nearly two years ago.
By Daphne Howland • May 30, 2017 -
Bankrupt Payless may double its planned store closures
The footwear retailer may close an additional 408 stores since filing for bankruptcy and announcing plans to close an initial 400 stores last month.
By Daphne Howland • May 30, 2017 -
Crate & Barrel makes ex-CEO Diemoz's exit official weeks after his departure
The retailer on Monday announced for the first time that Doug Diemoz has left the company, roughly a month after an internal memo acknowledged the shakeup.
By Daphne Howland • May 30, 2017 -
Analysts grill Ugg owner for 'dangerous' Macy's expansion
Susquehanna Financial Group analysts say the retailer's penchant for discounting could do more harm than good.
By Daphne Howland • May 30, 2017 -
Family Dollar to roll out revamped stores and private brands
The chain's parent company plans to renovate 250 stores and introduce Home Line and Katoomba Candy Co. brands to its portfolio.
By Keith Loria • May 30, 2017 -
Ulta soars on growing beauty sales
The beauty retailer's exploding growth in stores and online, however, is bad news for department stores that have long depended on the category to drive traffic and sales.
By Daphne Howland • May 26, 2017 -
Costco sales rise as competition from Amazon, Lidl looms
Although e-commerce sales rose 11% in the third quarter, the membership-based warehouse retailer is keeping its focus on driving shoppers to its physical stores.
By Daphne Howland • May 26, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples taps new CMO with focus on North American delivery business
Michelle Bottomley is joining the company amid ongoing takeover talks with Sycamore Partners.
By Daphne Howland • May 26, 2017 -
Report: Target to stuff $75M into Casper funding round
Casper has broken into the mattress industry with simplified pricing and e-commerce fulfillment, while Target is beefing up its retail partnership by participating in the company's latest funding round.
By Daphne Howland • May 26, 2017 -
Report: Alibaba doubles down on Chinese food startup, leads $1B funding round
The Chinese e-commerce juggernaut's investment in Ele.me may be part of a long-term strategy to boost its Alipay usage.
By Dan O'Shea • May 25, 2017 -
Burlington Stores sales up 5% as off-price retail continues rout
Unlike the department stores that are shuttering many locations, the off-price retailer boasts ambitious expansion plans for the future.
By Ben Unglesbee • May 25, 2017 -
Gas prices, refund delays and Wal-Mart weigh on Dollar Tree
Pressures on low-income consumers and increased price competition are making the dollar store retailer’s road more rocky, analysts say.
By Daphne Howland • May 25, 2017 -
Despite headwinds, Best Buy sales grow with boost from mobile, games and appliances
The big-box electronics retailer benefited from margin increases and strong sales across several categories.
By Ben Unglesbee • May 25, 2017 -
Abercrombie & Fitch beats expectations as buyer interest escalates
American Eagle Outfitters and private equity firm Cerberus are reportedly preparing a bid for the retailer, which is depending on its lower-priced Hollister brand for sales.
By Daphne Howland • May 25, 2017 -
Sears ekes out first quarterly profit in nearly 2 years
The ailing department store, which will commit another $1.25 billion to restructuring efforts, continues to look the part of a company keenly focused on finance management, rather than retail.
By Daphne Howland • May 25, 2017