Financial News: Page 300
-
Apple takes the 'store' out of retail locations
Apple is removing the word "store" from its retail locations as it looks to rebrand them as community spaces offering entertainment and special events, along with tech support.
By Dan O'Shea • Aug. 18, 2016 -
Wal-Mart records biggest same-store sales increase in four years
The retail giant is seeing many of its investments pay off, including a boost to hourly wages and improvements to stores—which are bringing customers back.
By Daphne Howland • Aug. 18, 2016 -
J.C. Penney turnaround plan focuses on private labels, omnichannel
The retailer announced a three-year plan for accelerated growth, but even it doesn't plan to reach the heights of yesteryear.
By Daphne Howland • Aug. 18, 2016 -
L Brands beats Q2 estimates, same-store sales rise 3%
The company seemed to falter earlier this year, but its second quarter shows it's on the path to recovery.
By Daphne Howland • Aug. 18, 2016 -
Aerie brand's growth lifts American Eagle Outfitters in Q2 earnings
The teen apparel retailer’s turnaround appears to be taking hold, and it's showing in the latest earnings.
By Daphne Howland • Aug. 17, 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 sales decline for 14th straight quarter
The office supplies retailer, in the midst of regrouping after its failed merger with rival Office Depot, said it’s sticking with its plan to close 50 stores.
By Daphne Howland • Aug. 17, 2016 -
Target's Q2 same-store sales fall in 'difficult retail environment'
Some of the results were expected by analysts, but the decline in same-store sales and the retailer's shrinking digital growth did not inspire confidence on Wall St., with shares falling 6-7% this morning.
By Daphne Howland • Aug. 17, 2016 -
JustFab rebrands to 'TechStyle Fashion Group'
The company, which has irritated many shoppers with its subscription policies, may need more than a name change.
By Daphne Howland • Aug. 17, 2016 -
Dick's Sporting Goods beats expectations as store sales grow 3%
Sports Authority's ongoing liquidation had a weaker-than-expected impact on Dick's earnings results.
By Daphne Howland • Aug. 17, 2016 -
Barnes & Noble CEO Ronald Boire steps down
Ronald D. Boire, a veteran exec who spent time at Sears and Kmart, is stepping down after less than a year in the role.
By Corinne Ruff • Aug. 16, 2016 -
TJX beats Q2 expectations but slips on weaker same-store sales growth
Despite beating analyst expectations for same-store sales increases, a decline from last year's 6% growth sent shares down about 3% in early trading Tuesday.
By Daphne Howland • Aug. 16, 2016 -
Home Depot sees steady sales growth, thanks to housing tailwind
Mostly sheltered from Amazon and privy to a favorable housing market, the home improvement retailer reached its highest net earnings results in company history.
By Daphne Howland • Aug. 16, 2016 -
UPS CEO predicts TPP deal will increase US exports by 20%
With President Obama announcing late last week that the TPP is headed to Congress, UPS CEO David Abney said the deal would benefit small to medium-sized American businesses in particular.
By Daphne Howland • Aug. 16, 2016 -
Agile Network bolsters e-commerce supply chain with Ajillus acquisition
The deal comes as the retail supply chain is becoming increasingly complex, with the industry now offering an abundance of shipping pricing models and a rising number of delivery options.
By Dan O'Shea • Aug. 15, 2016 -
Deep Dive
Ikea wants to go upscale, but do the pieces fit?
The Swedish retailer says it's ready to boost the quality of its inexpensive, notoriously hard-to-assemble furniture. But it runs the risk of alienating its budget-minded fans.
By Daphne Howland • Aug. 15, 2016 -
Report: Developer bids on J.C. Penney's Dallas campus
Sam Ware, CEO of Dallas-based Dreien Opportunity Partners LLC, is bidding for the campus and has agreed to lease back some 1.2 million square feet to the retailer.
By Daphne Howland • Aug. 15, 2016 -
Report: Home improvement retailers immune to the 'Amazon effect'
Many homeowners see home improvement spending as an investment and prefer to browse products in-store.
By Daphne Howland • Aug. 15, 2016 -
Claire's looks to unload heavy debt
The struggling teen accessories retailer is working on a plan to restructure its debt, but CFO J. Per Brodin won't stick around to see it through.
By Daphne Howland • Aug. 15, 2016 -
July retail sales growth unexpectedly flattens
Retail sales came in at a seasonally adjusted $457.73 billion, virtually unchanged month over month but up 1.9 % from July 2015.
By Daphne Howland • Aug. 12, 2016 -
J.C. Penney narrows losses, but shares fall
The discount department store has defied expectations in its turnaround, but its second quarter was a mixed bag.
By Daphne Howland • Aug. 12, 2016 -
Under Armour snags Amazon vet as new CMO
Andy Donkin was instrumental in the ideation, development and production of Amazon's Prime, Fire TV, Kindle and Echo efforts.
By Daphne Howland • Aug. 11, 2016 -
Report: Retail job cuts surge in July
Retailers are among the top five U.S. industries cutting the highest number of jobs midway through the year.
By Daphne Howland • Aug. 11, 2016 -
Nordstrom tops expectations, buoyed by Rack unit growth
Off-price Nordstrom Rack stores, the Rack website and flash-sales site HauteLook logged an 11.2% net sales increase and same-store sales growth of 5.3% during the second quarter.
By Daphne Howland • Aug. 11, 2016 -
Adidas expands manufacturing to US via robot-staffed Atlanta factory
The so-called Speedfactory, the athletic apparel and footwear retailer’s first U.S. production facility, leverages innovations in manufacturing technology that enable Adidas to respond more quickly to consumer demand.
By Corinne Ruff • Aug. 11, 2016 -
Deep Dive
Why is Target once again selling Amazon devices?
Four years after Target booted Amazon-branded e-readers and tablets from its shelves, the devices are back. Eight experts share their takes on the about-face.
By Jason Ankeny • Aug. 11, 2016