Financial News: Page 308
-
Restoration Hardware plummets 20% on troubled report
The upscale furniture retailer has been the poster child for brick-and-mortar success—until now.
By Daphne Howland • June 10, 2016 -
Walgreens shakes up exec ranks, names co-COOs
The longtime Boots executives are allies of CEO Stefano Pessina.
By Daphne Howland • June 10, 2016 -
Amazon to inject another $3b in India operations
Amazon has turned to India for overseas growth as China has cooled.
By Daphne Howland • June 9, 2016 -
Survey: Primark's pricing could be a 'disruptive force' in US retail
Primark, which opened its first U.S. store in Boston last year, sells clothing so cheap that it makes Forever 21 or H&M look like mid-priced apparel stores.
By Daphne Howland • June 9, 2016 -
Lululemon shares rise as sales beat estimates
The athleticware retailer appears to be steadily moving on from its quality and inventory issues, despite the qualms of its founder and former CEO.
By Daphne Howland • June 9, 2016 -
Deep Dive
How renting clothes could usher in a new idea of ownership
Should retailers fear the rise of Rent the Runway's Unlimited clothes rental service?
By Kelsey Lindsey • June 8, 2016 -
Analyst: Amazon Prime subscribers could reach 70m by end of 2016
The Prime shipping program and complementary Fulfilled by Amazon service are driving customer adoption, said Piper Jaffray senior research analyst Gene Munster.
By Jason Ankeny • June 8, 2016 -
Deep Dive
11 takeaways for marketers from Mary Meeker's 2016 Internet Trends report
The highly-anticipated report points toward a mobile-first, data-rich and video-heavy future for online advertising.
By Natalia Angulo • June 8, 2016 -
Amazon the 'most trustworthy' company in the Fortune 500
Amazon offers a lot of advantages to shoppers, especially those in its Prime program, and it’s tops in customer service, too.
By Daphne Howland • June 8, 2016 -
Ralph Lauren tumbles on store closures, layoffs
The company is meeting with shareholders today to outline its "Way Forward Plan."
By Daphne Howland • June 7, 2016 -
Wal-Mart takes top spot in Fortune 500, again
This is the fourth year in a row Wal-Mart has been No. 1 on Fortune's annual list.
By Daphne Howland • June 7, 2016 -
Best Buy shares fall as CEO nearly halves his stake
A spokesperson for the retailer says CEO Hubert Joly isn’t going anywhere, but investors were jarred when the head of the company cut his stake.
By Daphne Howland • June 7, 2016 -
India may temporarily waive sourcing requirement for Apple stores
Under the agreement, Apple would have two to three years to meet India's local sourcing requirement.
By Daphne Howland • June 7, 2016 -
Burberry CEO pay slashed 75% after dismal earnings
The luxury retailer missed its revenue and profit targets after staking much of its previous success on China’s growth.
By Daphne Howland • June 7, 2016 -
Deep Dive
How Aeropostale crashed and burned—and what's next
The teen apparel retailer filed for Chapter 11 bankruptcy protection in early May after 13 consecutive quarters of losses. Experts question whether the company will survive.
By Daphne Howland • June 6, 2016 -
Report: Sam's Club testing office supplies delivery
The trial presents another challenge to embattled office supply brands Staples and Office Depot.
By Daphne Howland • June 6, 2016 -
Wal-Mart CEO outlines future plans, urges employees to 'reimagine retail'
With the help of better-paid workers, cleaner stores, and technology that drives omnichannel efforts, Wal-Mart aims to save consumers time and money. Can it?
By Daphne Howland • June 6, 2016 -
Barron's urges Cabela's shareholders to sell
The publication questioned the profitability of Cabela’s elaborate stores, and even its credit-card unit.
By Daphne Howland • June 6, 2016 -
Target expanding dedicated smart home spaces to more stores
A Target store in suburban Minneapolis collects a variety of Internet of Things devices in one spot for display and trial, with similar spaces slated for locations in New York City and Cupertino, CA.
By Daphne Howland • June 6, 2016 -
Deep Dive
Retail Therapy: Don't call it a comeback
From stationery to velour Juicy Couture tracksuits, retailers are still selling items that should have gone by the wayside long ago.
By Kelsey Lindsey • June 3, 2016 -
Wal-Mart seeing wage hikes pay off
The retail giant is also testing drones in its warehouses to boost e-commerce efficiencies.
By Daphne Howland • June 3, 2016 -
Under Armour hires high-end designer for new fashion push
Belgian designer Tim Coppens already has his own upscale label that features sports-influenced street wear.
By Daphne Howland • June 3, 2016 -
NRF asks FTC to investigate credit card council on antitrust concerns
The FTC said in March that it was investigating the auditing methods of the Payment Card Industry Data Security Standards.
By Daphne Howland • June 3, 2016 -
Study: 91% of first-time Amazon Prime subscribers renew for a second year
Consumer Intelligence Research Partners reports that 96% of second-year Prime subscribers stick around for a third year.
By Daphne Howland • June 2, 2016 -
Lululemon founder blasts board over 'dismal' financial performance
"Management competence is uninspiring at best," Chip Wilson said. "I am not convinced we have the right leadership in place to catalyze the change necessary to win in the current global, multi-channel and dynamic environment."
By Daphne Howland • June 2, 2016