Financial News: Page 313
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Macy's partners with Elton John, Lady Gaga for limited Love Bravery line
The apparel and accessories assortment heralds the first in a series of efforts “to make people feel proud of who they are," Macy's said.
By Jason Ankeny • April 27, 2016 -
eBay tops Q1 expectations, says new categories coming
The marketplace retailer calmed investor fears that it would stumble after last year’s PayPal spinoff.
By Daphne Howland • April 27, 2016 -
Simon Property Group CEO: Mall business as solid as it's ever been
David Simon dismissed e-commerce threats as his company reported healthy quarterly results and burnished its outlook.
By Daphne Howland • April 27, 2016 -
Coach mulling exit from some department stores, cutting jobs
The rebounding retailer said it will cut about 2% of its global workforce in an effort to maintain its positive momentum.
By Daphne Howland • April 27, 2016 -
Sports Authority throws in the towel, opts for liquidation
The sports gear retailer will pursue a sale rather than reorganize, one of its attorneys said Tuesday in bankruptcy court.
By Daphne Howland • April 27, 2016 -
RadioShack names new CEO to 'reinvent' business model
Target Australia and Sears Canada veteran Dene Rogers replaces Ron Garriques, who stepped down as CEO in early 2016 after just nine months on the job.
By Jason Ankeny • April 26, 2016 -
Container Store to freeze wages in effort to maintain new momentum
The payroll freeze is notable considering that Chairman/CEO Kip Tindell literally wrote the book on “conscious capitalism.”
By Daphne Howland • April 26, 2016 -
J.Crew CEO gives out his email address in appeal to customers
The overture is the latest move by Mickey Drexler to own mistakes that have alienated even the retailer's most ardent fans.
By Daphne Howland • April 26, 2016 -
Wal-Mart ditching Wild Oats organic foods brand
The line of packaged foods was introduced just two years ago, but sales reportedly didn’t meet expectations.
By Daphne Howland • April 26, 2016 -
Office Depot blames Q1 earnings miss on uncertainty over Staples merger
The office supplies retailer's North American retail sales fell 8.9% to $1.51 billion, and international sales dropped 10% to $700 million.
By Daphne Howland • April 26, 2016 -
Analysts: Retail sector on pace for most layoffs since 2010
Retail layoffs are projected to eclipse 37,000 by the end of 2016, according to a Credit Suisse forecast.
By Jason Ankeny • April 25, 2016 -
Deep Dive
Back from the dead: 7 retail brands that survived Chapter 11 bankruptcy
Sports Authority, Pacific Sunwear and Sport Chalet have all filed for bankruptcy in the opening months of 2016. But the recent history of retail proves that Chapter 11 is not always a death sentence.
By Jason Ankeny • April 25, 2016 -
Costco likely to raise annual membership fee
Annual memberships are a proven way to lock in loyal customers, and Costco makes most of its money on those dues.
By Daphne Howland • April 25, 2016 -
Analysts slam Nordstrom for straying too far from core strengths
The department store retailer has ramped up its e-commerce and off-price efforts, and that’s precisely what has gotten them in trouble with analysts.
By Daphne Howland • April 25, 2016 -
Report: Department stores must close hundreds of additional locations
Green Street Advisors called on retailers to close roughly a fifth of anchor space in U.S. malls.
By Daphne Howland • April 25, 2016 -
Uber settlement keeps drivers as contractors, not employees
The settlement solidifies Uber’s ability to hire freelancers on a large scale, a win for the "demand economy."
By Daphne Howland • April 22, 2016 -
Study: Retail prices stable a year after Seattle minimum wage hike
Price increases feared by some opponents of the legislation haven’t materialized so far, the University of Washington says.
By Daphne Howland • April 22, 2016 -
Report: Aeropostale could file for bankruptcy this month
Bankruptcy protection would allow the struggling teen apparel retailer to fund its turnaround and quickly close underperforming stores.
By Daphne Howland • April 22, 2016 -
Sears, Kmart closing 78 more stores in bid to restore profitability
The question is whether Sears is still over-stored, or if cost-cutting might begin eating into its ability to operate effectively.
By Daphne Howland • April 22, 2016 -
Under Armour revenues top $1b in Q1, buoyed by Stephen Curry shoe line
Under Armour also credited its partnerships with golf star Jordan Spieth for powering its Q1 results.
By Daphne Howland • April 21, 2016 -
Macy's topples Kohl's in Harris Poll brand equity study
Macy's win, which comes as it's grappling with underperforming stores and other woes, speaks to its brand's enduring strength.
By Daphne Howland • April 21, 2016 -
Target: Transgender people can use bathrooms, fitting rooms of their choice
Retailers tend to shy away from controversial topics, but Target has made several moves to blur gender lines.
By Daphne Howland • April 20, 2016 -
Report: Bass Pro Shops preparing bid to buy Cabela's
Outdoor gear and apparel retailer Cabela’s has been under pressure from one of its investors to be sold.
By Daphne Howland • April 20, 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
Judge hears closing arguments in Staples/Office Depot merger case
U.S. District Court Judge Emmet Sullivan pushed back on arguments made by Staples' attorney, but also questioned the Federal Trade Commission's efforts to block the deal.
By Daphne Howland • April 20, 2016 -
CVS to launch Express pickup service with Curbside
The new effort, currently in pilot, enables consumers to place an order via mobile app and pick up their purchase an hour later.
By Jason Ankeny • April 19, 2016