Financial News: Page 289
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Fanatics, Under Armour awarded 10-year MLB licensing deal
While Under Armour gets the on-field glory, Fanatics may be the bigger winner in this deal.
By Dan O'Shea • Dec. 5, 2016 -
Shopify acquires mobile app design house Tiny Hearts
The two companies previously worked together to create a pop-up shop called Popify, as well as Shopify apps Frenzy and Skopkey.
By Dan O'Shea • Dec. 5, 2016 -
Amazon unveils futuristic checkout-free grocery store
The Seattle store, currently in a beta test open only to Amazon employees, upends the definition of the word “convenient.”
By Daphne Howland • Dec. 5, 2016 -
Wal-Mart settles same-sex benefit suit, solidifies policy
The retailer will earmark $7.5 million for at least 1,100 employees who’d been denied healthcare benefits before January 2014, when the company changed its policy to include same-sex spouses.
By Daphne Howland • Dec. 5, 2016 -
Report: The Limited may shutter headquarters, close stores permanently
The women’s apparel retailer is suffering from the woes of malls and fierce competition from fast fashion and other rivals.
By Daphne Howland • Dec. 5, 2016 -
Sears Holdings CEO proposes increased stake in struggling off-price unit
Eddie Lampert continues to prop up the ailing retail company, but executive departures and troubles at Sears Hometown mean things are pretty dire.
By Daphne Howland • Dec. 5, 2016 -
Report: Burberry turned down multiple takeover offers from Coach
A merger would have created a group valued over $20 billion, broadening Coach’s reach in more categories and extending its geographic presence.
By Daphne Howland • Dec. 5, 2016 -
November logs more job growth, weaknesses linger
A decline in wages and softness in the employment numbers should give retailers pause.
By Daphne Howland • Dec. 2, 2016 -
Ascena blames sales struggles on election anxiety
CEO David Jaffe said apparel sales have already picked up since Election Day, with e-commerce helping offset declining store traffic.
By Daphne Howland • Dec. 2, 2016 -
Ulta forecasts strong holiday sales, fueled by e-commerce boom
The beauty retailer posted third quarter online sales of $73.6 million, up 59.1% from a year ago.
By Daphne Howland • Dec. 2, 2016 -
Amazon announces Alexa Accelerator to boost conversational commerce startups
The program, supported by startup accelerator Techstars, will help developers targeting speech technology advances and voice application innovation.
By Dan O'Shea • Dec. 1, 2016 -
Lands' End struggles linger, Canvas fails to catch on
The youthful Canvas brand, a revamp initiated by ex-CEO Federica Marchionni, had a particularly negative impact on the company's Q3 gross margin.
By Daphne Howland • Dec. 1, 2016 -
Dollar General falls on lower prices, food stamp cuts
Fierce competition from Wal-Mart is also hitting Dollar General and rival dollar stores hard.
By Daphne Howland • Dec. 1, 2016 -
Bass Pro Shops-Cabela's merger delayed by FTC antitrust concerns
The Federal Trade Commission has asked for more information, but a swift refiling from Cabela’s suggests confidence the deal will pass muster, observers say.
By Daphne Howland • Dec. 1, 2016 -
American Eagle plunges on same-store sales weakness
The teen apparel retailer anticipates flat to low single-digit increases in same-store sales during the all-important holiday quarter.
By Daphne Howland • Nov. 30, 2016 -
UK retailer Boohoo bids on bankrupt Nasty Gal
Boohoo, a discount fashion retailer founded a decade ago, is enjoying healthy growth and looking to branch out beyond Europe.
By Daphne Howland • Nov. 30, 2016 -
Department store guru says discounts are like 'a cancer'
Allen Questrom, who has led department stores like J.C. Penney and Macy’s, says retailers are relying too heavily on promotions and not enough on merchandising, presentation and customer service.
By Daphne Howland • Nov. 30, 2016 -
TJX to maintain FLSA overtime rule standards, despite injunction
The NRF hailed the court block last week, but TJX says it’s sticking with the original plan, which was to go into effect Dec. 1.
By Daphne Howland • Nov. 30, 2016 -
Tiffany surprises with first sales increase in two years
But the upscale retailer has more to do to combat headwinds including the strong dollar, increased competition and even its proximity to Trump Tower in New York.
By Daphne Howland • Nov. 29, 2016 -
HSN, Inc. names Elizabeth Arden exec CFO
Rod Little will succeed Judy Schmeling, who was named president of Cornerstone Brands in August and will continue to serve as COO of HSNi.
By Daphne Howland • Nov. 29, 2016 -
Dick's Sporting Goods' latest software acquisition is a GameChanger
The mobile scoring app gives users live updates on player performance and instant game recaps for 165,000 amateur baseball and softball teams.
By Dan O'Shea • Nov. 28, 2016 -
Bed Bath & Beyond snaps up PersonalizationMall for $190M
The struggling home goods retailer is working to differentiate its assortment to get away from competing so heavily on price.
By Daphne Howland • Nov. 28, 2016 -
Urban Outfitters brands struggling to catch up to fashion trends
The retailer is playing catch-up as slimmer European styles invade the U.S., but it benefitted from its new pizza chain.
By Daphne Howland • Nov. 23, 2016 -
NRF, RILA praise federal court block of FLSA overtime rule
A federal judge granted a preliminary injunction in a lawsuit filed by 21 states and a variety of employer groups, including the National Retail Federation.
By Kathryn Moody, Corinne Ruff • Nov. 23, 2016 -
Barnes & Noble sales hit by election jitters
The embattled bookseller also named former Staples North America president Demos Parneros as its new COO.
By Daphne Howland • Nov. 23, 2016