Financial News: Page 303
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Dollar General buys Walmart Express stores, to sell fresh produce
The 41 stores will allow Dollar General to offer expanded offerings like fresh meat.
By Daphne Howland • July 28, 2016 -
Cabela's misses Q2 expectations, strategic review ongoing
Total revenue increased 11.2% in the second quarter to $929.9 million, the outdoor retailer said.
By Daphne Howland • July 28, 2016 -
Sears insists Kmart is open for business after shutdown speculation
Sears Holdings turned to its official blog to refute a report that Kmart stores are in the process of liquidating inventory.
By Daphne Howland • July 28, 2016 -
States trim sales tax holidays ahead of back-to-school
Some 17 states and Puerto Rico are again offering “tax holidays,” but many have scaled back their efforts this year.
By Daphne Howland • July 28, 2016 -
UK retailers wobble under Brexit fallout
British retail sales have fallen at the fastest pace in more than four years, according to business and research organization CBI.
By Daphne Howland • July 27, 2016 -
Consumer confidence remains steady in July
Some 16.6% of consumers expect their incomes to rise, fewer than June’s 18.2%. But just 10.8% expect their income to fall, down from 11.3% a month ago.
By Daphne Howland • July 27, 2016 -
Apple confirms Indian retail plans as iPhone sales continue to sink
The computing giant posted fiscal Q3 revenue of $42.36 billion, down from $49.60 billion a year ago.
By Daphne Howland • July 27, 2016 -
Under Armour's Q2 results pummeled by Sports Authority's demise
Despite Sports Authority's bankruptcy, footwear sales surged 58% year-over-year, buoyed by demand for basketball and running shoes, while apparel sales jumped 18.9%.
By Jason Ankeny • July 26, 2016 -
Under Armour looks to bolster reach with Kohl's partnership
The retailer is also moving into FAO Schwarz's iconic flagship store in New York.
By Kelsey Lindsey • July 26, 2016 -
NRF boosts retail sales forecast for second half of 2016
Retail sales increased 4% year over year during the first half of 2016, the National Retail Federation said, and prospects are bright for the remaining six months.
By Daphne Howland • July 26, 2016 -
Report: Healthcare clinics replacing retailers in many US malls
While the presence of urgent care clinics in strip malls isn’t new, more traditional malls are now also realizing the benefit of adding medical facilities to diversify their tenant base.
By Daphne Howland • July 26, 2016 -
G-III snaps up Donna Karan from LVMH for $650m
The shift may be a better fit for the lower-priced, wholesale-focused apparel brand.
By Daphne Howland • July 25, 2016 -
Sports Authority creditors move to convert bankruptcy to Chapter 7
They argue that Sports Authority is "administratively insolvent” and is prioritizing its own administrative costs over its debts.
By Daphne Howland • July 25, 2016 -
Zara pulls products after plagiarism allegations on social media
This isn't the first time that Zara and other fast fashion brands are in hot water for copycat designs.
By Corinne Ruff • July 22, 2016 -
Deep Dive
Retail Therapy: 'Star Trek' ... starring Jeff Bezos?
Keep an eye out for the Amazon CEO in the new "Star Trek Beyond" movie, out today.
By Kelsey Lindsey • July 22, 2016 -
UPDATE: Aeropostale challenges Sycamore's creditor claims in court
The bankrupt teen apparel retailer alleges that Sycamore's actions all but sealed its current fate.
By Daphne Howland • July 22, 2016 -
Nike pins hopes of rally on Rio Olympics, basketball business
The sportswear giant, beset by flat sales in North America and an inventory glut, says things are on the rebound, and analysts mostly agree.
By Daphne Howland • July 22, 2016 -
NRF: Back-to-school spending set to eclipse $75b
Total growth in K-12 back-to-school spending has risen close to 55% over the past decade.
By Daphne Howland • July 22, 2016 -
Target taps Apple supply chain vet to boost logistics
The retailer is hiring away supply chain and logistics executives from the best in the business—Apple and Amazon.
By Daphne Howland • July 21, 2016 -
EBay busts expectations for second straight quarter
The marketplace site reported $2.23 billion in revenue, beating Wall Street forecasts for $2.17 billion.
By Daphne Howland • July 21, 2016 -
Unilever acquires subscription startup Dollar Shave Club for $1b
The buyout saves the startup from scrambling for funding, which has been getting more difficult.
By Daphne Howland • July 21, 2016 -
Deep Dive
Can retailers compete with off-price?
With retailers from Macy's to Kohl's going off-price, full-price stores have to figure out how to hold onto their consumers.
By Kelsey Lindsey • July 20, 2016 -
Target seeks growth in smaller, more urban stores
The retailer plans to open 14 small format stores this year starting with a location in New York to launch Wednesday.
By Daphne Howland • July 20, 2016 -
Adidas outlines turnaround amid heavy competition
The sportswear company's U.S. chief also resorted to a bit of trash-talking towards rival Under Armour's sponsored athletes.
By Daphne Howland • July 20, 2016 -
Sports Authority scrambling to close stores after bankruptcy
Store closings could wrap up a month earlier than what was previously reported.
By Daphne Howland • July 20, 2016