Financial News: Page 290
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Nordstrom to continue selling Ivanka Trump merchandise
The department store retailer aims to remain politically “agnostic,” according to an email to employees from co-president Pete Nordstrom.
By Daphne Howland • Nov. 23, 2016 -
Deep Dive
A retailer's guide to Black Friday 2016
The biggest shopping weekend of the year has arrived. Here are the trends to watch, the Twitter accounts to follow and much more.
By Jason Ankeny • Nov. 23, 2016 -
Report: Target, Wal-Mart among retailers selling aloe vera gel without aloe vera
An independent investigation by Bloomberg found that products sold by several retailers don't contain the ingredients promised, in which case retailers could risk losing the trust of their customers.
By Daphne Howland • Nov. 23, 2016 -
Office Depot's North American president Cosby stepping down
At the same time the office supplies retailer announced CEO Roland Smith's imminent retirement, it said it would consolidate the CEO and president positions, anticipating Cosby’s departure.
By Daphne Howland • Nov. 22, 2016 -
Cowen: Amazon Prime hits 50M US members
The financial services firm also found that 83% of Prime members made a purchase from Amazon last month, compared to 49% of non-members.
By Daphne Howland • Nov. 22, 2016 -
Under Armour plummets after latest Steph Curry shoe sputters
Investors panicked after Foot Locker CEO Richard Johnson said the Curry 3 is off to a slow start.
By Daphne Howland • Nov. 21, 2016 -
Report: The Limited explores restructure, sale
The women’s apparel retailer is struggling amid declining mall traffic and a lack of differentiation in its styles.
By Daphne Howland • Nov. 21, 2016 -
Abercrombie weighing store closures as turnaround stalls
About half of the teen apparel retailer’s 745 flagship leases in the U.S. are up for renewal, but CFO Joanne Crevoiserat told analysts it's being careful about shuttering stores.
By Daphne Howland • Nov. 21, 2016 -
Google Shops set to roll out in Best Buy Canada locations
The stores-within-stores are designed to showcase consumer electronics like the Google Pixel smartphone and also intended to foster a community feeling.
By Dan O'Shea • Nov. 20, 2016 -
Abercrombie warns of challenging holiday season
The retailer reported its 15th straight decline in quarterly sales, causing shares to tumble 15.5% in premarket trading Friday.
By Daphne Howland • Nov. 18, 2016 -
Gap continues slide, bleak holiday expected
“This is a company in a tailspin, with no real clue how to pull out of it,” said retail analyst Neil Saunders.
By Daphne Howland • Nov. 18, 2016 -
"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 struggles on same-store sales, unloads UK business
The office supplies retailer also closed 16 North American stores during the third quarter as part of a plan to close at least 50 locations this year.
By Daphne Howland • Nov. 18, 2016 -
Struggling J. Crew reportedly mulls spinoff of successful Madewell brand
The proposition could culminate in a sale and deprive the company and its lenders of the source of its best growth.
By Daphne Howland • Nov. 17, 2016 -
Best Buy soars on store traffic gains, e-commerce growth
The electronics retailer has pivoted from its emphasis on cost-cutting, but product recalls and a dearth of inventory of in-demand products could hurt at the holidays.
By Daphne Howland • Nov. 17, 2016 -
Wal-Mart revenue fizzles as e-commerce, wage costs rise
But the retail giant’s 20.6% growth in online sales has analysts sanguine about its long-term prospects.
By Daphne Howland • Nov. 17, 2016 -
Neiman Marcus, Rent the Runway pair up in stores
The struggling department store chain is opening its doors to haute couture rental boutiques in an effort to attract new customers, including younger ones.
By Daphne Howland • Nov. 17, 2016 -
Report: Google snaps up shopping search startup Undecidable Labs
The firm's online purchasing tool involves “a filtering system that takes 'nice to have' and 'ideal' into consideration” to make product searches more meaningful.
By Dan O'Shea • Nov. 16, 2016 -
Macy's adding Backstage off-price pop-ups to 45 full-line stores
The department store chain is also adding new merchandise categories across some of the Backstage shops, including toys, home decor and pet accessories.
By Daphne Howland • Nov. 16, 2016 -
Target raises outlook, boosted by online and back-to-school sales
The retailer's emphasis on differentiated merchandise is paying off, but it must do more to entice and inspire shoppers, analysts say.
By Daphne Howland • Nov. 16, 2016 -
Gap taps former Dick's finance chief as new CFO
Teri List-Stoll will succeed Sabrina Simmons, who is exiting the apparel retailer's ranks at the end of the 2016 fiscal year.
By Daphne Howland • Nov. 16, 2016 -
TJX sales surge on 'strong momentum' in customer traffic
The strong dollar and higher wages are hitting the off-price retail company, but analysts still believe its model is robust.
By Daphne Howland • Nov. 16, 2016 -
Wal-Mart denies urging workers not to download labor group app
The retail giant said that employees can decide for themselves whether to use WorkIt, but warned the advocacy app could pose privacy issues.
By Daphne Howland • Nov. 16, 2016 -
Report: October retail sales hit 2-year high
Price pressures remain and margins could suffer as consumers remain cautious, especially in light of unknown longer term consequences from the U.S. election.
By Daphne Howland • Nov. 15, 2016 -
Dick's exploits competitor struggles to beat expectations
The sporting goods retailer will retain and convert 22 Sports Authority leases to Dick’s stores and 30 Golfsmith locations to its Golf Galaxy brand.
By Daphne Howland • Nov. 15, 2016 -
Neiman Marcus CFO Grimes resigns after 17 months
The exit "was not the result of any disagreement regarding any matter" related to Neiman Marcus "operations, policies or practices,” the upscale retailer said.
By Daphne Howland • Nov. 15, 2016