Financial News: Page 321
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Kohl's to close stores, cautions of full-year sales decline
The retailer also said it would test smaller-format stores in seven U.S. cities, expand its off-price pilot, and open 12 Fila outlet stores nationwide.
By Daphne Howland • Feb. 25, 2016 -
Sears loss widens on competitive holiday season
The retailer says it will continue to scale back and focus on its Shop Your Way membership program, but cost-cutting could impede efforts to improve stores and apparel.
By Daphne Howland • Feb. 25, 2016 -
UPS adds to Deliv $28M Series B round
The same-day delivery startup is expanding its crowd-sourced, scheduled delivery services nationwide, including its partnership with Macy’s.
By Daphne Howland • Feb. 25, 2016 -
Study: Off-price stores actually help, don't hurt flagship brands
Research from the University of Texas at Dallas found that off-price stores could be a gateway to flagship stores for price-sensitive shoppers.
By Daphne Howland • Feb. 25, 2016 -
Report: Sports Authority could file for bankruptcy next month
Sports Authority, buckling under debt and missing payments, could close many of its 450 U.S. stores by then.
By Daphne Howland • Feb. 25, 2016 -
J.C. Penney to offer one-cent deals
The "Get Your Penney's Worth" campaign emphasizes store brands.
By Ian P. Murphy • Feb. 24, 2016 -
Stitch Fix readies menswear service
The company is beta testing to reveal what men want in a tech-enabled personal shopping service.
By Ian P. Murphy • Feb. 24, 2016 -
TJX credits healthy store traffic for Q4 sales, profit increases
The off-price retailer seems to be weathering the departure of longtime CEO Carol Meyrowitz just fine.
By Daphne Howland • Feb. 24, 2016 -
Target's turnaround shows progress in Q4
The retailer also posted a noticeable 34% rise in e-commerce sales, trumping Wal-Mart's 8% growth in the same quarter.
By Daphne Howland • Feb. 24, 2016 -
Ikea is finding India alluring, but difficult
India is turning retailers’ heads thanks to its favorable demographics, but the country’s local sourcing requirements are causing headaches.
By Daphne Howland • Feb. 24, 2016 -
Nielsen readies new e-commerce measurement
Product will tap actual sales data on CPG brands from retailers such as Target.
By Ian P. Murphy • Feb. 24, 2016 -
Report: Customer satisfaction with retailers dips
But there’s a story in the numbers: Those retailers with better customer service at “pain points” like checkout fared better this year.
By Daphne Howland • Feb. 24, 2016 -
Malls are getting creative as more anchors drop
The American mall is becoming more of a mixed-used, less retail-heavy place to spend time, as mall owners are forced to replace major tenants.
By Daphne Howland • Feb. 24, 2016 -
Under Armour shows off US women's gymnastics team in new ad
The 90-second spot shows the U.S. women's gymnastics team in training, day and night.
By Ian P. Murphy • Feb. 24, 2016 -
Colorado's 'Amazon tax' gets a legal thumbs up
The ruling gives Colorado the go-ahead to collect sales tax from online orders, even if a retailer has no physical store in the state.
By Daphne Howland • Feb. 23, 2016 -
Macy's reports mixed Q4 with less-than-expected sales drop
January’s cold weather helped lift the iconic retailer’s sales somewhat, but its long-term prospects remain hard to predict in a tough retail environment.
By Daphne Howland • Feb. 23, 2016 -
Lumber Liquidators takes another hit from CDC report
The CDC said it underestimated the cancer risk from substandard Chinese wood products previously offered by the retailer.
By Ian P. Murphy • Feb. 23, 2016 -
Amazon's private label clothing line is here
The retail giant has sent out notices to customers about “select clothing, shoes, jewelry, watches, and luggage sold directly by Amazon.”
By Daphne Howland • Feb. 23, 2016 -
Kit and Ace lays off 10% of headquarter staff
Kit and Ace, the next step for Lululemon founder Chip Wilson, has expanded rapidly.
By Daphne Howland • Feb. 23, 2016 -
DSW to acquire discount e-retailer Ebuys
Some analysts hailed the move but others say Ebuys’ off-price model could be a problem for DSW.
By Daphne Howland • Feb. 22, 2016 -
Wal-Mart rolls out more improvements to worker schedules
The changes fall short of the demands by the labor group OUR Walmart, but have helped the company reduce absenteeism and turnover.
By Daphne Howland • Feb. 22, 2016 -
Bebe replaces CEO, cuts 14.6% of corporate jobs
Bebe founder Manny Mashouf returns to the retailer as its new CEO, unseating Jim Wiggett.
By Daphne Howland • Feb. 22, 2016 -
US government deems all hoverboards 'unsafe'
The U.S. Consumer Product Safety Commission has deemed hoverboards unsafe and says that manufacturers of the self-balancing scooters should get UL certification before selling them.
By Daphne Howland • Feb. 22, 2016 -
Deep Dive
Retail Therapy: Red Lobster basks in that Beyoncé glow
Every week, we bring you the best retail reads from around the Web.
By Kelsey Lindsey • Feb. 19, 2016 -
Kmart gets into the liquidation business
The struggling retailer bought thousands of grills, lighting, and other products from bankrupt Brinkmann to pass on savings to its customers.
By Daphne Howland • Feb. 19, 2016