Financial News: Page 299
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Study: Macy's likely to shutter most stores in Midwest
One expert told Retail Dive the department store is likely to become a smaller chain, with strongholds in New York and the western U.S.
By Daphne Howland • Aug. 29, 2016 -
Dollar General vows aggressive pricing to boost store traffic
The dollar store retailer made it clear that it understands its place in the retail landscape: Catering to households with little wiggle room in their budgets.
By Daphne Howland • Aug. 26, 2016 -
Ulta shares fall despite Q2 earnings beat
Second quarter same-store sales rose 14.4%, and e-commerce sales increased 54.9%.
By Daphne Howland • Aug. 26, 2016 -
J.C. Penney moves in on malls as others flee
Sears and Macy’s are closing stores and exiting malls, leaving J.C. Penney in prime position to negotiate rents as landlords' most valuable anchor.
By Daphne Howland • Aug. 26, 2016 -
Amazon includes Chicago in brick-and-mortar bookstore plans
The store will be located in Southport Corridor, one of the city's most fashionable neighborhoods.
By Dan O'Shea • Aug. 25, 2016 -
Deep Dive
Why more and more retailers are outsourcing their IT
In outsourcing, retailers can experiment with a multitude of technologies to reinvent their businesses for the omnichannel era.
By Dan O'Shea • Aug. 25, 2016 -
Dollar General, Dollar Tree tumble as competition heats up
The discount retailers once seemed immune to a tough retail environment, but they’re showing increasing strain.
By Daphne Howland • Aug. 25, 2016 -
Sears losses mount in Q2, CEO to lend $300M
Same-store sales at Kmart and Sears dropped again, by 3.3% and 7% respectively, and the retailer is getting another infusion from Edward Lampert's hedge fund.
By Daphne Howland • Aug. 25, 2016 -
US trustee: Sports Authority's executive bonus plan is 'unseemly'
The bankrupt retailer insists it needs up to $1.5 million to pay executives to wind down operations, but the government watchdog says not so fast.
By Daphne Howland • Aug. 25, 2016 -
Report: New national sales tax plan set to clarify online retail rules
House Judiciary Committee Chairman Bob Goodlatte is poised to introduce a new legal framework for cross-border tax sales following years of debate on the issue.
By Dan O'Shea • Aug. 24, 2016 -
Forest City looks to downsize retail portfolio
The company, which converted to a REIT in January, announced it's shifting its focus to core urban markets and products.
By Daphne Howland • Aug. 24, 2016 -
Aeropostale creditor Sycamore pushing for liquidation
The latest dispute between Sycamore and Aeropostale has already led to a delay of the retailer’s scheduled auction, and could doom its sale prospects.
By Daphne Howland • Aug. 24, 2016 -
Sears launching Showcase shop-in-shop apparel boutiques
The boutiques, launching in five New York-area stores this fall, will feature apparel for men, women and children as well as women's shoes, intimates and handbags.
By Daphne Howland • Aug. 24, 2016 -
Best Buy surges on surprise same-store sales boost
The electronics retailer beat investor expectations as online sales increased almost 24% for the second straight quarter.
By Daphne Howland • Aug. 23, 2016 -
Zara hit with $5M lawsuit over 'bait-and-switch' pricing
An American customer says the fast-fashion retailer, which prices in Euros even in the U.S., charges far more than the going currency exchange rate.
By Daphne Howland • Aug. 23, 2016 -
Amazon draws scrutiny over tech-related tax practices
Amazon is facing scrutiny for reportedly valuing its technology assets far higher in Europe to gain tax advantages.
By Dan O'Shea • Aug. 22, 2016 -
New positions and credo for Apple retail staffers
The company is changing up its retail positions to include: Pro, Creative Pro and Technical Expert.
By Daphne Howland • Aug. 22, 2016 -
Office Depot CEO stepping down, search for replacement begins
Roland Smith oversaw the office supplies retailer’s failed merger attempt with rival Staples and spearheaded a strategic turnaround plan announced this month.
By Daphne Howland • Aug. 22, 2016 -
H&M criticized for young workers, forced overtime in Myanmar factories
The fast-fashion retailer has taken action at two factories where children as young as 14 were working upwards of 12 hours a day.
By Daphne Howland • Aug. 22, 2016 -
JDA spurns Honeywell in favor of $570m Blackstone investment
The private equity investment bank will help pay off JDA's $2 billion debt, in return for a 40% stake in the supply chain management software provider.
By Corinne Ruff • Aug. 19, 2016 -
Foot Locker beats Q2 sales forecast
Shares rose 4.1% in pre-market trading Friday after the sportswear and footwear retailer reported better-than-expected sales and earnings.
By Daphne Howland • Aug. 19, 2016 -
Macy's taps agency veteran Richard Lennox as CMO
The newly named CMO has led marketing at Toys "R" Us and Zales, and spearheaded the “Diamonds are Forever” campaign at J. Walter Thompson.
By Daphne Howland • Aug. 19, 2016 -
Gap slashes guidance, plans to ramp up marketing
The retailer has struggled with inconsistencies in fit, an issue that has annoyed customers and created a problem of returned merchandise, especially for online orders.
By Daphne Howland • Aug. 19, 2016 -
Report: Struggling American Apparel exploring sale options
The retailer, which has struggled to stage a comeback since exiting bankruptcy last year, turned down a buyout bid from ousted founder Dov Charney in January.
By Daphne Howland • Aug. 19, 2016 -
Amazon experiments with full-time benefits for part-time tech workers
The e-commerce giant is known for its sometimes-difficult working conditions, but its pay and benefits are generally seen as above standard.
By Daphne Howland • Aug. 19, 2016