Out of patience, Starboard Value exits Macy's

After months of leaning on the department store chain to make a bigger real estate play, the activist hedge fund has sold its entire stake, according to a Friday filing with the Securities and Exchange Commission.

By Daphne Howland • May 15, 2017

Report: Flipkart closes in on $1B Snapdeal acquisition

If finalized, the deal would mark the biggest acquisition in the Indian e-commerce space and strengthen Flipkart’s position against Amazon's international push.

By Dan O'Shea • May 14, 2017

Macy's plans Backstage expansion amid growing pressure for store closures

The market "probably wants to see another 100 Macy's stores close," Jan Kniffen, CEO of the consulting firm Worldwide Enterprises, said Thursday.

By Daphne Howland • May 12, 2017

Report: US retail sales rose 0.4% in April

But a core retail sales rise of 0.2% indicates that, for retailers, the picture is less rosy.

By Daphne Howland • May 12, 2017

J.C. Penney's loss is a 'necessary evil' during turnaround

Despite posting a net loss of $180 million, the department store retailer's improvements are headed in the right direction, GlobalData Retail analysts said.

By Daphne Howland • May 12, 2017

Rack buoys Nordstrom amid sector woes

While not immune to difficulties facing department stores, Nordstrom still remains the “best of the bunch,” GlobalData Retail analyst Carter Harrison said.

By Daphne Howland • May 12, 2017

Aldi says it's beating everyone on price, including Wal-Mart

The discounter claims its private label and everyday low pricing strategies make it 21% cheaper than its closest competitors.

By Jeff Wells • May 12, 2017

Spring rakes in $65M to fuel mobile commerce efforts

The infusion of capital brings the 3-year-old mobile shopping startup's total funding to $100 million.

By Dan O'Shea • May 11, 2017

Dillard's rises on earnings beat despite department store headwinds

The retailer, like its peers, will likely continue to encounter recession-like deterioration in consumer spending, according to Retail Metrics analysts.

By Daphne Howland • May 11, 2017

Macy's sales plunge 7.4% amid ongoing store closures

The department store retailer is taking some concrete, much-needed steps, but analysts wonder if it’s up to the task of turning itself around beyond its real estate play.

By Daphne Howland • May 11, 2017

Kohl's buys turnaround time with profit boost

Stores and merchandising are in better shape, but the company has more work to do, analysts say.

By Daphne Howland • May 11, 2017

Sears CEO: 'We have all the customers we could possibly want'

Eddie Lampert went out of his way to reassure shareholders at an annual meeting Wednesday that a turnaround is imminent.

By Daphne Howland • May 11, 2017

Adidas sells TaylorMade, fading out of the golf market

The athletic retailer will spin off all of its golf brands to a private equity firm in a deal valued at $425 million.

By Dan O'Shea • May 10, 2017

Amazon, Nike, Nordstrom lead the way in social media, word-of-mouth chatter

Victoria’s Secret, Adidas and Under Armour also made the top 10 list of retail and apparel brands that sparked shopper conversations, according to Engagement Lab’s latest TotalSocial rankings.

By Dan O'Shea • May 10, 2017

Can the Echo Look accelerate Amazon's push for apparel dominance?

Amazon has a new pathway into the consumer's closet, but can the e-commerce giant win in apparel? Eight experts debate whether the latest Alexa-enabled device will do the trick.

By Corinne Ruff • May 10, 2017

Report: Wal-Mart, feds settle foreign bribery probe for $300M

The figure comes in well below the proposed Obama-era settlement that was reportedly as much as $1 billion.

By Daphne Howland • May 10, 2017

UPDATE: American Eagle, Express eye Abercrombie & Fitch takeover

The embattled teen apparel retailer has hired investment bank Perella Weinberg Partners to review takeover bids from at least these two suitors.

By Daphne Howland • May 10, 2017

Bon-Ton Stores taps COO to replace CEO

Kathryn Bufano is leaving the struggling department store retailer after three years on the job amid an executive shakeup.

By Daphne Howland • May 10, 2017

What Amazon's sales tax decision means for e-commerce businesses

Just because Amazon is now collecting everywhere doesn’t mean all third-party sellers need to follow suit, writes Scott Peterson at U.S. Tax Policy and Government Relations.

By Scott Peterson • May 9, 2017

Office Depot shores up profit on cost-cutting moves

CEO Gerry Smith said the retailer is focused on its North America business, which is increasingly being challenged by Amazon on both the retail and the business contracts sides.

By Daphne Howland • May 9, 2017

Walgreens gives FTC ultimatum on Rite Aid merger

The companies' notice of certified compliance forces regulators to make a decision on the merger within 60 days.  

By Daphne Howland • May 9, 2017

Report: Hudson's Bay aims to shrink debt intake from possible Neiman Marcus takeover

Merger talks between the department store retailers have stalled as Hudson's Bay reviews how to avoid taking on Neiman Marcus' full $4.9 billion debt burden.  

By Daphne Howland, Corinne Ruff • May 9, 2017

Lazard steps in to restructure Nine West Holdings' debt

The footwear retailer earlier this year landed on Moody’s Investors Service's list of "retailers at risk," due to the company's "weak operating performance and very high debt and leverage burden." 

By Daphne Howland • May 9, 2017

Express to close all Canadian stores

The specialty apparel retailer, like now-shuttered flagship The Limited, is one of the retailers formerly owned by Les Wexner’s L Brands.

By Daphne Howland • May 8, 2017

JackThreads holds 'Farewell Sale'

It appears to be the end for the struggling pure-play retailer, which laid off most of its staff earlier this year and suspended its “Tryouts” service.

By Daphne Howland • May 8, 2017