Financial News: Page 334
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J.C. Penney betting on tech to restore billions in lost sales
CEO Marvin Ellison is focusing on modernizing operations to stay competitive: "We were heavy on art, not good at science."
By Barbara Thau • Oct. 29, 2015 -
Online auction upstart Paddle8 garners $34M
The company sees itself as a disruptive force in the collectibles market.
By Daphne Howland • Oct. 28, 2015 -
Apple earnings up thanks to iPhone 6
And its momentum could continue, despite some doubts on Wall Street.
By Daphne Howland • Oct. 28, 2015 -
Kohl's turnaround efforts include smaller stores, more outlets
The retailer is opening Fila sportswear stores and off-price stores in an effort to inject new energy into its comeback.
By Daphne Howland • Oct. 28, 2015 -
Target CEO on stores: 'We owed our guests a better presentation'
Brian Cornell said mannequins and higher end merchandising displays are boosting sales in stores.
By Barbara Thau • Oct. 28, 2015 -
Deep Dive
Three retail trends that are not quite working out
While some retail trends stick around, some, like these three, might end up riding off into the sunset.
By Daphne Howland • Oct. 27, 2015 -
UPDATED: Walgreens confirms deal to buy Rite Aid
The deal values Rite Aid at $9.4 billion.
By Kelsey Lindsey • Oct. 27, 2015 -
Deutsche Bank: US holiday spending could be best since the recession
The analysis goes against many other reports that are predicting a somewhat-dire holiday season for retailers.
By Daphne Howland • Oct. 27, 2015 -
Bridgestone to buy Pep Boys auto-parts chain for $835M
The deal would solidify the Japanese tire and auto-parts company’s business in the U.S.
By Daphne Howland • Oct. 27, 2015 -
Report: Wholesale spinoff could save Staples-Office Depot deal
Without some type of side deal to spin off the contract business supplies trade, the proposed acquisition of Office Depot by Staples is likely questionable.
By Daphne Howland • Oct. 27, 2015 -
REI to close on Black Friday (Yes, Black Friday)
The outdoor and sportswear retailer, a privately held co-operative, has launched the hashtag #OptOutside to coincide with its decision.
By Daphne Howland • Oct. 27, 2015 -
Two years after Rana Plaza, garment factories in Bangladesh remain unsafe
Quartz reports that fire hazards and structural weaknesses in buildings still remain.
By Daphne Howland • Oct. 26, 2015 -
Lord & Taylor enters the off-price game
The first “Find @ Lord & Taylor” store will open next month in Paramus, NJ.
By Daphne Howland • Oct. 26, 2015 -
Wal-Mart streamlining stores, targeting higher-income shoppers
But the question remains: Is all that going to help Wal-Mart meet its new goals?
By Daphne Howland • Oct. 26, 2015 -
Westfield creates new data team to help digitize malls
The mall owner aims to create personalized and immersive shopping experiences with a dedicated analytics team.
By Barbara Thau • Oct. 26, 2015 -
J.C. Penney cuts 9% of headquarter jobs
The layoffs reflect the first big move by new CEO Marvin Ellison, on a mission to restore profitability at the chain.
By Barbara Thau • Oct. 26, 2015 -
Walgreens using interactive mapping tech to spot local trends
The retailer taps geo-location analytics to enhance its competitive edge.
By Barbara Thau • Oct. 23, 2015 -
Under Armour has first $1B sales quarter
The company said that its expanding roster of high-profile athlete endorsements and footwear sales helped boost sales.
By Daphne Howland • Oct. 23, 2015 -
GNC accused of selling supplements laced with chemical ingredients
The retailer says the suit is without merit.
By Daphne Howland • Oct. 23, 2015 -
Amazon beats estimates with surprise profit
It’s hard not to compare the e-retail giant’s fortunes to those of Wal-Mart, whose stock took a beating in recent days as investors question its potential for growth.
By Daphne Howland • Oct. 23, 2015 -
Target now shipping to Canada—but is it another misfire?
Target's website allows Canadians to order goods, but with much higher prices and shipping than at Target’s U.S. stores and website.
By Daphne Howland • Oct. 23, 2015 -
Diversity veteran tapped to improve Abercrombie hiring practices
Jeanetta Darno has 22 years of experience guiding companies in diversity and inclusion.
By Daphne Howland • Oct. 22, 2015 -
Amazon evades trademark suit over search results
After reversing an earlier decision, the court found that Amazon didn't violate the trademarks of a watchmaker in its search results.
By Daphne Howland • Oct. 22, 2015 -
EBay cheers investors with better-than-expected Q3
Profits were down, but not as much as expected. And most importantly, eBay is still growing.
By Daphne Howland • Oct. 22, 2015 -
Lululemon taps first creative director amid exec reorganization
The retailer has been dealing with increased competition, falling margins, and quality issues.
By Daphne Howland • Oct. 22, 2015