Financial News: Page 327
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Finish Line will close up to 25% of stores, replace CEO
CEO Glenn Lyon will be replaced by company president Sam Sato, a Nordstrom veteran.
By Daphne Howland • Jan. 8, 2016 -
J.C. Penney posts strong holiday sales as others struggle
The retailer boosted its e-commerce sales and saw healthy sales of its private label brands and gift items despite the warm weather.
By Daphne Howland • Jan. 8, 2016 -
Deep Dive
Retail Therapy: Target's new gym buddy and a hanger makeover
Target’s goal to bring the hip back means partnering with uber-popular fitness chain SoulCycle.
By Kelsey Lindsey • Jan. 8, 2016 -
Charney ally said to offer $200M for American Apparel
Any deal would be complicated, considering the retailer is in the midst of making its reorganization plans in bankruptcy court.
By Daphne Howland • Jan. 8, 2016 -
Gap shares fall after bad news at key Old Navy brand
Old Navy has essentially been carrying the company in recent quarters, so this is especially bad news for the retailer.
By Daphne Howland • Jan. 8, 2016 -
Deep Dive
11 predictions for the future of retail in 2016
It's about the changing role of the store — and how exactly retailers are responding to it.
By Kelsey Lindsey • Jan. 7, 2016 -
Hudson's Bay announces Gilt Groupe acquisition for $250M
The deal comes in at just a quarter of Gilt's previous valuation of about $1.1 billion.
By Kelsey Lindsey • Jan. 7, 2016 -
One of Barnes & Noble's biggest problems? Its biggest fans
Loyal customers love the Nook e-reader, but it's costing the retailer dearly.
By Daphne Howland • Jan. 7, 2016 -
Report: 2016 will be a tough year for debt-burdened retailers
The debt loads that many retailers or their private equity owners have taken on will weigh heavily this year as loans come due, according to Standard & Poor’s Capital IQ Global Credit’s retail report.
By Daphne Howland • Jan. 7, 2016 -
Will Obama's actions on guns curb or spur sales?
It’s hard to know ultimately the effect of the President’s executive actions announced Wednesday, experts say. But gun control is slowing winning in many states.
By Daphne Howland • Jan. 7, 2016 -
Macy's to cut 4,800 jobs after disappointing holidays
The department store may move to extract value from its real estate after all.
By Daphne Howland • Jan. 7, 2016 -
Deep Dive
Turn, turn, turn: 5 crucial retail turnarounds happening in 2016
While much of the retail space seems to be in turnaround mode, these five retailers are actively adapting to new tech and generational shifts.
By Daphne Howland • Jan. 6, 2016 -
Retail brand powerhouses Catterton and LVMH's L Capital to merge
The move, a rarity in private equity, will create the world's largest consumer-focused investment firm.
By Daphne Howland • Jan. 6, 2016 -
Department stores face mixed outlook from analysts
One analyst doesn’t even think that Nordstrom will prevail over the challenges in the space.
By Daphne Howland • Jan. 6, 2016 -
Twitter said to be ready to turn it up to 10,000 (characters)
The expanded character limit may help the platform grow its user base and compete for ad dollars.
By Ian P. Murphy • Jan. 6, 2016 -
UPDATE: Online furniture retailer Hem sold
The retailer, brainchild of Fab.com founder Jason Goldberg, may have been ahead of its time.
By Daphne Howland • Jan. 6, 2016 -
Investment firm KKR to buy Midwestern farming and hunting chain Mills Fleet Farm
The 61-year-old company may need cash to fuel growth plans as the hunting-fishing-sportsgear space gets tough.
By Daphne Howland • Jan. 5, 2016 -
After viral success, Wal-Mart launches new baked goods with Patti LaBelle
The retail giant is looking to boost its food offerings, which make up 56% of its U.S. store sales.
By Ian P. Murphy • Jan. 5, 2016 -
Lululemon stock shoots up 6.5% during volatile day
Monday was an up-and-down day on Wall Street, but Lululemon's stock rose on the news that several analysts had upgraded their outlooks.
By Daphne Howland • Jan. 5, 2016 -
Amazon falls 6% after downgrade
The company's stock fell after analysts questioned whether its growth investments would deliver in 2016 as they did last year.
By Daphne Howland • Jan. 5, 2016 -
Target names new chief stores officer amid turnaround efforts
Long-time head of stores Tina Tyler won’t be sticking around, as CEO Brian Cornell continues to reshape his leadership team.
By Daphne Howland • Jan. 5, 2016 -
China stocks fall, triggers global tumble
China has been the stage for major expansions by several retailers, thanks to a burgeoning middle class, and many worry that a slowdown in its economy, the world’s second largest, could spell trouble.
By Daphne Howland • Jan. 4, 2016 -
El Niño's warm weather is costing retailers $500M
And the hit will continue into the spring and fall, experts say.
By Daphne Howland • Jan. 4, 2016 -
Target to focus on opening small, urban stores in 2016
Last year, the company did away with specialized names “CityTarget” and “TargetExpress,” rebranding every store to just “Target” regardless of size or location.
By Daphne Howland • Jan. 4, 2016 -
Tech-based retail startups could face a tough year
Tech and web-based startups in 2016 could struggle to garner the kind of private funding they’ve enjoyed in recent years, and the reception for IPOs may not be much warmer.
By Daphne Howland • Jan. 4, 2016