Financial News: Page 312
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Bebe posts $30m loss, looks to liquidate assets
The company closed 12 Bebe stores and two outlet stores during the quarter, also eliminating 86 corporate jobs.
By Daphne Howland • May 6, 2016 -
L Brands shares plunge on weak Victoria's Secret sales
Shares fell 12% late Thursday afternoon to $70.85, a 52-week low and L Brands' worst tumble in six years.
By Daphne Howland • May 6, 2016 -
Amazon expands delivery horizons with Atlas Air cargo deal
The cargo airline granted Amazon warrants to acquire up to a 30% stake in the company.
By Jason Ankeny • May 5, 2016 -
Alibaba's revenue rises 39% on marketplace, cloud growth
But some analysts question Alibaba's cash flow as well as the company’s own metrics.
By Daphne Howland • May 5, 2016 -
Deep Dive
What 'suitable seating' means for retailers in California—and beyond
Retailers have long preferred store employees to stand, believing it makes them more efficient and approachable. A recent Supreme Court of California ruling means the tradition could be on its last legs.
By Daphne Howland • May 5, 2016 -
Wal-Mart bringing back greeters to boost customer service, deter theft
Shoplifters steal some $300 million worth of products from Wal-Mart shelves each year.
By Daphne Howland • May 5, 2016 -
Bucking VC trends, Farfetch secures $110m, valuation rockets to $1.5b
Fears of a tech bubble aren't dissuading investors from betting on the upscale fashion curation platform.
By Daphne Howland • May 5, 2016 -
Sports Authority refutes liquidation reports, cites 'high' buyer interest
Rival sports gear chains Dick’s Sporting Goods, Academy Sports and Modell’s have all expressed interest in Sports Authority's assets.
By Daphne Howland • May 4, 2016 -
Etsy posts first quarterly profit since IPO
Q1 total revenue was $81.8 million, increasing 39.8% year-over-year and up 35% from Q4.
By Daphne Howland • May 4, 2016 -
Build-A-Bear exploring strategic alternatives after profit plummets
The toy retailer reported net first quarter earnings of $3.5 million, down sharply from $6.8 million in Q1 2015.
By Jason Ankeny • May 3, 2016 -
UPDATE: Aeropostale files for bankruptcy, closing 154 stores
The teen apparel retailer could emerge leaner but largely intact, though it will still have to find ways to appeal to shoppers.
By Daphne Howland • May 3, 2016 -
The Limited unveils off-price Backroom brand
The first six Backroom stores are now open, with additional locations launching later this year.
By Daphne Howland • May 3, 2016 -
CVS beats Q1 expectations on strong pharmacy demand
Front-of-store sales, which had been falling after CVS quit selling tobacco two years ago, also rose in the quarter.
By Daphne Howland • May 3, 2016 -
Report: Forever 21 making vendors, lenders wait on payments
Experts say the privately owned fast-fashion retailer is not adequately responding to shifting customer tastes.
By Daphne Howland • May 2, 2016 -
Amazon expands Prime Now delivery to Bronx, Roxbury after criticism
The zip codes privy to Prime Now delivery are determined by the cold calculations of Amazon’s algorithms—maybe a bit too cold, critics say.
By Daphne Howland • May 2, 2016 -
Barron's: J.C. Penney is undervalued, stock could double
Although the retailer is still in turnaround, it’s besting rivals on many measures in a tough retail environment.
By Daphne Howland • May 2, 2016 -
Kitson founder retaking iconic West Hollywood store
The revamped Kitross will tweak Kitson’s merchandising approach while seeking to recapture the love that celebrities and tourists had for the now-defunct retailer.
By Daphne Howland • April 29, 2016 -
GNC planning to sell off more than 1,000 stores
First-quarter sales took a big hit after the supplements retailer heavily discounted products that were about to expire.
By Daphne Howland • April 29, 2016 -
Report: Apple gets the go-ahead to open stores in India
Even without the benefit of its own stores there, Apple's first-quarter Indian sales grew 56% compared to Q1 2015.
By Daphne Howland • April 29, 2016 -
Groupon names new CFO amid mixed Q1 results
The deals marketplace posted Q1 revenue of $732 million, past expectations of $718 million but still down 3% year over year.
By Daphne Howland • April 29, 2016 -
Amazon crushes Q1 expectations, sales jump 28%
While the e-commerce giant’s revenues surged past analyst forecasts, so did its shipping costs.
By Daphne Howland • April 29, 2016 -
UPS earnings rise on growing e-commerce shipper demand
The impressive earnings report comes amid speculation that Amazon will enter the shipping space.
By Jason Ankeny • April 28, 2016 -
J.C. Penney adding 60 new Sephora concessions nationwide
Around half of the Sephora concessions will open by the end of the month, and most others will be up and running by mid-June.
By Daphne Howland • April 28, 2016 -
Analyst urges Gap to close 175 additional stores
"We believe market share losses, an aggressive promotional landscape, weak traffic trends and fashion mishaps should continue to be too much to bear," said Deutsche Bank analyst Paul Trussel.
By Daphne Howland • April 28, 2016 -
Deep Dive
Why Cuba will continue to remain off-limits to U.S. retailers
Diplomatic relations between the U.S. and Cuba are thawing. But a myriad of challenges and complexities means American retailers will be frozen out the Cuban market for some time to come.
By Daphne Howland • April 27, 2016