Financial News: Page 304
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Report: US, Chinese labor groups met ahead of Wal-Mart China strikes
The two groups say they’ll continue their new relationship in an effort to boost their clout in discussions with Wal-Mart.
By Daphne Howland • July 18, 2016 -
Citigroup CEO: 'Very focused' on resolving Costco credit card fiasco
Despite months of preparation for its switch from American Express to Citi Visa, Costco has come under fire from members who didn't receive their new credit card or couldn't activate it.
By Daphne Howland • July 18, 2016 -
Report: Two-thirds of consumers shop at off-price stores
Off-price stores and outlets make up three-quarters of all apparel purchases, according to NPD Group’s Checkout Tracking.
By Daphne Howland • July 18, 2016 -
Wal-Mart loses key analytics exec to Neustar
Venkat Achanta played a major role in evolving how Wal-Mart leveraged analytics to better address changing e-commerce customer behaviors.
By Dan O'Shea • July 17, 2016 -
Deep Dive
Why did Bed Bath & Beyond buy One Kings Lane?
Things seem dire for both Bed Bath & Beyond and One Kings Lane—but it looks like they could help each other out.
By Daphne Howland • July 15, 2016 -
Core retail sales climb 0.7% in June, boosted by home and garden stores
While e-commerce and department stores enjoyed a rise in sales, apparel retailers saw sales drop.
By Daphne Howland • July 15, 2016 -
Google slammed with new EU antitrust charges over shopping search
The charges are the third set from European antitrust regulators.
By Daphne Howland • July 15, 2016 -
Cabela's stock rises on report of sale to Bass Pro Shops, Goldman Sachs
The struggling hunting gear retailer has been under pressure to sell some or all of its business.
By Daphne Howland • July 15, 2016 -
Deep Dive
Retail Therapy: How well do you know eBay's wacky prohibited items list?
What can and can’t be sold on the e-commerce site may surprise you. This, and more, in this week's Retail Therapy.
By Kelsey Lindsey • July 14, 2016 -
Uniqlo owner Fast Retailing trims profit outlook for third time this year
Fiscal third-quarter operating profit rose 18.6%, thanks to 41% e-commerce growth in Japan, improved results in Uniqlo's U.S. stores and strong sales in China.
By Daphne Howland • July 14, 2016 -
Sports Authority's deal with lenders allows liquidation to continue
Without the deal, stores involved would have likely shuttered and liquidation sales would have halted by Friday
By Daphne Howland • July 14, 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 pins rebound hopes on back-to-school season
Back-to-school sales this year are expected to rise 3.3% to $540 billion, according to data from research firm Customer Growth Partners.
By Daphne Howland • July 14, 2016 -
Burberry retail revenues flat, same-store sales fall 3%
The fashion house beat expectations of a 5% same-store decline, but suffered a significant dropoff compared to 6% growth in the same period last year.
By Daphne Howland • July 13, 2016 -
Ikea extends dresser recall to China following outcry
The move comes after China’s official news agency, Xinhau, published an editorial decrying Ikea’s “arrogance” and irresponsibility in limiting the recall to North America.
By Daphne Howland • July 13, 2016 -
Wal-Mart rolls out special carts in fresh food revamp
The retail giant is already the country’s biggest grocer, but is working to protect and grow that position.
By Daphne Howland • July 12, 2016 -
Study: 52% of Amazon customers are Prime members
There are now some 63 million Prime members across the U.S., according to new estimates from Consumer Intelligence Research Partners.
By Daphne Howland • July 12, 2016 -
Burberry CEO Bailey steps down, replaced by Céline chief Gobbetti
The fashion house also named Smith and Nephew executive Julie Brown to the new role of chief operating and financial officer.
By Daphne Howland • July 12, 2016 -
Report: Malls ditching department stores for a different kind of anchor
Experience-based commerce and specialty retail are increasingly taking their place.
By Daphne Howland • July 11, 2016 -
Alibaba's Ma: 'If you want to sue us, sue us'
Investigations and lawsuits offer greater insight into Alibaba's business practices, according to its founder.
By Daphne Howland • July 11, 2016 -
Analysts warn Gap needs more time despite promising June sales
June was a ray of sunshine for the struggling apparel retailer, but analysts want to see more improvement.
By Daphne Howland • July 11, 2016 -
Eyeing e-commerce efficiencies, Nordstrom buys stake in software platform
The department store has promised cost-cutting and investments to improve its e-commerce margins.
By Daphne Howland • July 11, 2016 -
Wal-Mart combats Amazon Prime Day with no-minimum free shipping
The retailer is offering free shipping on all online orders during the week of July 11, its latest move to steal some thunder from Amazon's much-publicized Prime Day shopping event.
By Daphne Howland • July 11, 2016 -
June same-store sales beat expectations
Gap Inc. shares climbed 2.6% in late trading after the company's same-store sales increased 2% in June.
By Daphne Howland • July 8, 2016 -
Wal-Mart, J.C. Penney launch rival Amazon Prime Day sales
Kohl's and Newegg also are seizing on the buzz generated by Amazon’s Prime Day event to launch their own major midsummer sales.
By Daphne Howland • July 8, 2016 -
U.S. officials seize $6.5m in counterfeit goods in Puerto Rico
The sting targeted retailers accused of selling fakes with labels from Michael Kors, Gucci, Prada, Chanel and others.
By Daphne Howland • July 8, 2016