Financial News: Page 297
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Aeropostale landlords slash rents, 400 stores to remain open
Rents will be reduced at 171 North American Aeropostale stores, saving about 5,300 jobs.
By Daphne Howland • Sept. 19, 2016 -
Report: Unilever in talks to acquire Honest Co.
In the current investment climate, the "eco-friendly" consumer products retailer co-founded by Jessica Alba may take the $1 billion deal, despite the hit to its recent valuation.
By Daphne Howland • Sept. 16, 2016 -
Dollar General hiring 10K new workers over next month
The discount retailer plans to open about 1,000 new stores over the course of fiscal 2017.
By Daphne Howland • Sept. 16, 2016 -
Target's turnaround emphasizes omnichannel, in-store efforts
Facing a surprise slump, the retailer is getting assertive in grocery, pricing and omnichannel.
By Daphne Howland • Sept. 16, 2016 -
August retail sales suffer surprise drop
Retail sales fell 0.3% since July, the first decline in five months, the Department of Commerce reports.
By Daphne Howland • Sept. 15, 2016 -
Deep Dive
Will Lands' End sink or swim on Amazon?
Struggling Lands’ End has agreed to sell selected apparel via Amazon. Eight retail experts share their perspectives on the potential risks and rewards.
By Jason Ankeny • Sept. 15, 2016 -
Welspun faces class-action lawsuit over mislabeled cotton
A group of consumers alleges the Indian supplier misrepresented the cotton used in its bed sheets and towels, and that retailers have failed to deliver an adequate response.
By Daphne Howland • Sept. 15, 2016 -
Target opening hundreds of small-format stores
CEO Brian Cornell said the locations will offer an assortment of product mixes customized according to the demographics of local neighborhoods and serve as pickup stations for online orders.
By Daphne Howland • Sept. 15, 2016 -
UPDATE: Golfsmith files for Chapter 11
The Texas chain, hobbled by debt in a leveraged acquisition in 2012 as interest in golf began to seriously wane, filed for bankruptcy Wednesday.
By Daphne Howland • Sept. 14, 2016 -
Tiffany taps industry outsider Erceg as CFO
Mark Erceg, the former CFO of Canadian Pacific Railway, has no experience in luxury retail, but that shouldn’t derail him if his hire is a good fit, say analysts.
By Daphne Howland • Sept. 14, 2016 -
Struggling Nasty Gal reportedly seeks buyer
The edgy e-commerce retailer has struggled to come of age, and sources told Women's Wear Daily it's in desperate need of capital.
By Daphne Howland • Sept. 14, 2016 -
Alibaba buys biometric authentication startup EyeVerify
Forget traditional passcodes, EyeVerify's EyePrint ID technology authenticates shopper identities through eye-vein patterns.
By Dan O'Shea • Sept. 13, 2016 -
Court approves Aeropostale sale, thousands of jobs spared
Aeropostale has defied the odds and many observers’ expectations, and 229 stores may be saved as a result.
By Daphne Howland • Sept. 13, 2016 -
Ikea focuses on click-and-collect locations
The Swedish furniture retailer reported a 30% boost in digital sales in fiscal 2016, far surpassing previous years.
By Daphne Howland • Sept. 13, 2016 -
Target hiring more than 75K seasonal workers ahead of holidays
Outplacement firm Challenger, Gray and Christmas anticipates that 2016 seasonal retailer hiring will hold steady in comparison with last year.
By Daphne Howland • Sept. 13, 2016 -
Report: Amazon poised to launch 100 pop-ups in US malls
The effort is separate from the full-line bookstores in Seattle and planned for other cities, but shares the same aim: showcasing Amazon’s devices and reaching shoppers across more channels.
By Daphne Howland • Sept. 12, 2016 -
Walgreens may close up to 1,000 stores to seal Rite Aid deal
Walgreens previously said it expected to shutter just 500 locations to assuage the Federal Trade Commission’s antirust concerns.
By Daphne Howland • Sept. 9, 2016 -
Macy's adding Apple store-in-store, expanding Starbucks concessions
The embattled department store retailer also opened the possibility of adding restaurants offering beer and wine in some locations.
By Daphne Howland • Sept. 9, 2016 -
Kohl's adds American Girl dolls ahead of the holidays
The popular doll brand is venturing into outside retailer stores for the first time, selling at Kohl's and Toys R Us.
By Daphne Howland • Sept. 9, 2016 -
Restoration Hardware beats expectations, but same-store sales dip
The upscale furniture retailer's fledgling RH Grey Card premium loyalty program has yet to pay off.
By Daphne Howland • Sept. 9, 2016 -
MasterCard sued for record $19B in UK over swipe fees
The class action lawsuit is based on allegations that MasterCard charged retailers excessive interchange fees which were then passed on to customers in the form of higher prices.
By Dan O'Shea • Sept. 8, 2016 -
Barnes & Noble skids on sales slip
The retailer said a “challenging retail environment” will dampen full-year results.
By Daphne Howland • Sept. 8, 2016 -
Pier 1 CEO stepping down after holiday season
Alex Smith boosted the home furnishings and decor retailer's e-commerce business, but his turnaround efforts have given way to continued sales struggles.
By Daphne Howland • Sept. 8, 2016 -
Target dedicating store staff to address grocery struggles
Designated employees will work exclusively in grocery sections and receive special training to deal with packaged and fresh food.
By Daphne Howland • Sept. 8, 2016 -
Hundreds of retailers urge Congress to preserve swipe fee regulations
The so-called “Durbin Amendment” to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act limits the fees that credit card companies can charge for transactions through retailer point-of-sale systems.
By Daphne Howland • Sept. 7, 2016