Financial News: Page 272
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Invertex rakes in $2M in seed funding to grow footwear technology
The fashion technology startup uses 3D digitization and other technologies to allow brands to produce and sell measure-to-fit footwear.
By Dan O'Shea • April 20, 2017 -
Target innovation chief to depart amid strategy pivot
Casey Carl is stepping down as the big-box retailer aims for innovations that can have a near-term impact on its business.
By Dan O'Shea, Daphne Howland • April 20, 2017 -
EBay lowers guidance, pledges more marketing, site investment
Shares fell Wednesday as the marketplace cut its Q2 guidance, though the company says things will pick up in the second half of the year.
By Daphne Howland • April 20, 2017 -
CVS Pharmacy injects healthy focus, revamped store design
The changes also include new ways to manage loyalty “ExtraBucks” rewards, personalized deals and manufacturer coupons on mobile.
By Daphne Howland • April 20, 2017 -
Wal-Mart launches ambitious project to cut emissions from supply chain
The retail giant's effort, dubbed “Project Gigaton,” aims to reduce the amount of greenhouse gas emissions by one billion tons by 2030.
By Daphne Howland • April 20, 2017 -
Report: FTC may block Walgreens-Rite Aid merger
Rite Aid and Fred's Pharmacy shares each tumbled Wednesday after a report stated that the tie-up between Walgreens and Rite Aid may be under fire from antitrust regulators.
By Daphne Howland • April 20, 2017 -
Kate Spade posts disappointing Q1 as sale rumors swirl
Coach has emerged as the most likely buyer of the handbag maker, but Kate Spade's weak results could ding the price tag, which is estimated to top $2 billion.
By Daphne Howland • April 19, 2017 -
Target unveils new packaging sustainability goals
The announcement is the latest in a series of environmentally conscious moves that the big-box retailer is making throughout its supply chain.
By Daphne Howland • April 19, 2017 -
Moody's: 'Kohl's has the edge'
Despite ongoing struggles, the discount department store enjoys a series of core strengths that bode well for its long-term viability, according to Moody’s Investors Services.
By Daphne Howland • April 19, 2017 -
Etsy open-sources its sustainability software to developers
The code powering Etsy's waste management program could help fuel other businesses' sustainability programs.
By Dan O'Shea • April 18, 2017 -
Google Creative Commons License
Fashwire raises funding for app enabling consumer reviews of new fashion designs
The startup raised $725,000 in seed funding and is looking for more in a Series A round as it nears the launch of an app that will allow users to review new fashion designs posted by independent designers.
By Dan O'Shea • April 18, 2017 -
GNC soars on revenue beat, revamped loyalty program
Partially offsetting decreases in revenue was a $4 million increase associated with the company’s change in its loyalty programs.
By Daphne Howland • April 18, 2017 -
Lord & Taylor inks exclusive deal with makeup guru Bobbi Brown
Brown, who left her namesake cosmetics company late last year, is sticking with her longtime approach of working with department stores.
By Daphne Howland • April 18, 2017 -
Neiman Marcus takes on more debt to finance interest payments
The move is aimed at preserving the struggling department store’s liquidity, but it only exacerbates its existing $4.9 billion debt burden.
By Daphne Howland • April 18, 2017 -
Cabela's drops share price to smooth merger with Bass Pro Shops
Georgia bank Synovus has also stepped in to take on Cabela’s customer deposits, in order to enable the bank side of the deal.
By Daphne Howland • April 18, 2017 -
Commerce report: Core retail sales rose 0.5% in March
The consume price index decline suggests that retailers may have trouble raising prices.
By Davide Savenije , Daphne Howland • April 17, 2017 -
Rue21 to shutter nearly 400 stores nationwide
Calling it a "difficult but necessary decision," the struggling teen apparel retailer will shut down about one-third of its brick-and-mortar portfolio.
By Davide Savenije • April 17, 2017 -
Report: BJ's Wholesale is for sale — and Amazon may be interested
A possible sale would make sense for the warehouse retailer’s private equity owners, as well as Amazon's brick-and-mortar ambitions.
By Daphne Howland • April 17, 2017 -
Bed Bath & Beyond's One Kings Lane plans first brick-and-mortar store
The summer pop-up shop in Southampton, NY will feature home decor expertise as well as retail operations.
By Daphne Howland • April 17, 2017 -
JC Penney postpones store closures after sales upturn
The revised plan will take advantage of renewed enthusiasm from shoppers, who began flocking to the marked stores even before closing sales had commenced. But there's no indication the stores will get anything more than a temporary reprieve.
By Daphne Howland • April 17, 2017 -
Crate & Barrel CEO exits abruptly without explanation
Doug Diemoz, who arrived at the home goods and furniture retailer just two years ago, is at the center of a lawsuit from former employer Restoration Hardware.
By Daphne Howland • April 17, 2017 -
Claire's sales continue to slip
Executives of the struggling teen retailer on Thursday said a "late breaking" holiday sales period continued into the new year.
By Daphne Howland • April 13, 2017 -
Birchbox reaches profitability, launches new TV campaign
The beauty subscription startup also this week opened a brick-and-mortar store in Paris, which joins its flagship New York location.
By Daphne Howland • April 13, 2017 -
Toys 'R' Us turns to overseas markets for growth
The toy retailer is opening more stores overseas than in the U.S. amid increased competition.
By Daphne Howland • April 13, 2017 -
Pier 1 to close up to 25 stores in the coming years
The furniture and home goods retailer is getting a handle on its expenses as it anticipates the arrival next month of former Kmart chief Alasdair James as CEO.
By Daphne Howland • April 13, 2017
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