Financial News: Page 331
-
With settlement, Target gets closer to shutting the door on Canada
The retailer reached a settlement with RioCan Real Estate Investment Trust over 18 leases it abandoned when it left the Canadian market earlier this year.
By Daphne Howland • Nov. 24, 2015 -
Reuters: Wal-Mart failed to expand workforce even as it opened more stores
The condition of Wal-Mart stores may be due to a failure to hire enough workers. The fix, plus the retailer’s higher wages, could be expensive.
By Daphne Howland • Nov. 23, 2015 -
Cabela's weighing its options amid sales slump
Activist investor Elliott Management last month disclosed an 11% stake in Cabela's and is said to be urging a sale.
By Daphne Howland • Nov. 23, 2015 -
Analysts worry about GameStop as digital game sales rise
The retailer has fought the good fight but may find that video games can’t be its major product offering.
By Daphne Howland • Nov. 23, 2015 -
Petco announces $4.6B sale to CVC, Canadian Pension
The buyout comes in place of an IPO.
By Daphne Howland • Nov. 23, 2015 -
Old Navy once again buoys Gap in Q3
The brand continues to be Gap’s strong suit, but CEO Abe Peck said that Gap’s spring collection will be strong.
By Daphne Howland • Nov. 20, 2015 -
Abercrombie & Fitch's pivot from heavy discounts pays off
But executive chairman Arthur Martinez expects a “very intense promotional drumbeat” this holiday season.
By Daphne Howland • Nov. 20, 2015 -
NRF predicts big Black Friday crowds
But there are a few forces in play that could keep shoppers home.
By Daphne Howland • Nov. 20, 2015 -
51% of Americans plan to shop on Amazon this holiday season
Amazon is looming over the holidays as Americans’ go-to choice for shopping online, according to a Reuters/Ipsos poll.
By Daphne Howland • Nov. 20, 2015 -
Best Buy dragged down by declining sales of some devices
The struggling electronics retailer also warned that the holidays could disappoint.
By Daphne Howland • Nov. 19, 2015 -
Sephora's new 'Beauty TIP' store is heavy on the tech
The new store concept is designed for consumers to “teach, inspire and play.”
By Daphne Howland • Nov. 19, 2015 -
L Brands profit up thanks to Victoria's Secret sales
L Brands CEO Leslie H. Wexner demonstrated a fair bit of swagger while talking to investors Tuesday before the earnings report.
By Daphne Howland • Nov. 19, 2015 -
Martha Stewart leaves eBay for Amazon's Handmade marketplace
The style maven is hoping the e-retail giant’s reach and fulfillment capacity can help her comeback efforts.
By Daphne Howland • Nov. 18, 2015 -
Target boosts annual earnings forecast after profit rises
In sharp contrast to Wal-Mart, the retailer’s e-commerce sales grew 20% in the third quarter.
By Daphne Howland • Nov. 18, 2015 -
Despite e-commerce efforts, Wal-Mart still struggling online
With just 3% of sales from its site, the retailer is in a pickle when it comes to prioritizing e-commerce.
By Daphne Howland • Nov. 18, 2015 -
Sales of Wal-Mart's Patti LaBelle pies skyrocket after viral video
Singer James Wright's video is not the stuff of corporate marketing, yet it's a marketer’s dream: fun and hugely effective.
By Daphne Howland • Nov. 18, 2015 -
Retailers facing an uncertain season heading into Black Friday
With decidedly mixed earnings reports, terror attacks in Paris, and changing consumer priorities, it’s hard to know what Black Friday will be like this year.
By Daphne Howland • Nov. 18, 2015 -
Surprise! Cyber Monday a big day for stores too
More than 70% of Americans plan to shop Thanksgiving weekend.
By Daphne Howland • Nov. 17, 2015 -
Wal-Mart beats profit forecasts on improved customer service
But CEO Doug McMillon said the retailer has more work to do.
By Daphne Howland • Nov. 17, 2015 -
Urban Outfitters reports record sales but misses expectations
Investors appear spooked by the company’s failure to meet growth estimates and by its restaurant acquisition plans.
By Daphne Howland • Nov. 17, 2015 -
Why Urban Outfitters is buying a pizza chain
While investors and some observers were dubious of the move, many retailers have long had eateries to keep customers in their stores.
By Daphne Howland • Nov. 17, 2015 -
Deep Dive
Does Black Friday need a makeover?
It’s not a day anymore. But even as a concept, Black Friday may no longer hold much purpose for retailers.
By Daphne Howland • Nov. 16, 2015 -
Can Saks' renovation return the department store to its glory days?
Although the move may be smart, a return to the retailer’s more glamorous approach may not matter much in this retail environment, experts say.
By Daphne Howland • Nov. 16, 2015 -
Wal-Mart workers group plans 15-day protest over wages
Black Friday protests at Wal-Mart stores have become commonplace, and will continue despite the company’s costly move to raise wages.
By Daphne Howland • Nov. 16, 2015 -
J.C. Penney maintains 'Black Friday creep' with earlier Thanksgiving opening
Opening at 3 p.m. on Thanksgiving this year, the chain will have a three-hour lead on competitors.
By Ian P. Murphy • Nov. 16, 2015