Financial News: Page 342
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Belk loyalists show the true strength of a department store
Could a sale be the end of a brand?
By Daphne Howland • Aug. 17, 2015 -
J.C. Penney narrows Q2 loss as sales beat expectations
The mid-priced retailer had a better quarter than Macy's, but has work to do.
By Daphne Howland • Aug. 14, 2015 -
Who What Wear receives $8 million in funding
Amazon is among the investors in the content-rich, shoppable site.
By Ian P. Murphy • Aug. 14, 2015 -
July retail sales bring some hope for last half of 2015
But while July’s numbers showed healthier spending, it wasn’t in consumer goods like electronics or even grocery stores.
By Daphne Howland • Aug. 14, 2015 -
Kohl's 'Greatness Agenda' not quite paying off
In the past two decades, Kohl’s has expanded to be a national retailer. But it's still struggling to meet its growth targets.
By Daphne Howland • Aug. 14, 2015 -
Global Brands looks to China for sales
The company is in talks with e-commerce giants Alibaba and JD.com.
By Ian P. Murphy • Aug. 13, 2015 -
Retail comebacks, aka 'zombie brands,' abound
The revival of several retail brands could be a sign of the power nostalgia has on millennial shoppers.
By Daphne Howland • Aug. 13, 2015 -
Macy's reveals plan to boost its fortunes amid slumping sales
But some initiatives, like its off-price Backstage stores and its international growth plans, have their own downsides.
By Daphne Howland • Aug. 13, 2015 -
American Apparel warns of dwindling funds
Could this mean that founder and ousted CEO Dov Charney might be able to buy back his company?
By Daphne Howland • Aug. 13, 2015 -
Alibaba announces exclusive partnership with Macy's as it eyes new areas of growth
The news comes as Alibaba reported quarterly results that largely missed estimates.
By Daphne Howland • Aug. 12, 2015 -
Birchbox co-CEO to step down ahead of next funding round
The news comes as the company gears for growth outside of its traditional subscription model.
By Daphne Howland • Aug. 12, 2015 -
Staples unveils new 'entrepreneurial store'
The office-supplies retailer is the latest retailer to tap the potential of crowdfunding when choosing what products to carry.
By Daphne Howland • Aug. 12, 2015 -
IPO filings reveal Neiman Marcus's omnichannel ambitions and strategy
The department store chain is focused on expanding its digital presence.
By Ian P. Murphy • Aug. 11, 2015 -
Bed Bath & Beyond to buy artisanal home goods e-retailer Of a Kind
The home goods retailer, which also owns brands Christmas Tree Shops, buybuy BABY, and Cost Plus World Market, in recent months has suffered a share-price slump amid tepid sales.
By Daphne Howland • Aug. 11, 2015 -
Alibaba greatly expands brick-and-mortar presence in China with $4.6B deal
The move aligns Alibaba with Suning, a major electronics retailer in China with an extensive fulfillment network covering 90% of the country.
By Daphne Howland • Aug. 11, 2015 -
Alibaba opens English-language hotline for reporting fakes
The move comes as Alibaba gains steam in its goals for global growth, signing 20 international brands.
By Daphne Howland • Aug. 10, 2015 -
Abercrombie ends contentious on-call scheduling in New York
With an economy that allows workers to be pickier about the jobs they take, more retailers may need to find other ways to trim costs.
By Daphne Howland • Aug. 10, 2015 -
Deep Dive
Retail Therapy: Censorship in the checkout line
Each week, we bring you fun and interesting retail reads from around the web.
By Kelsey Lindsey • Aug. 7, 2015 -
Wal-Mart facing employee backlash over hourly raises
Some of Wal-Mart's workers that had already worked their way up to higher hourly rates are aggrieved that new employees are awarded those rates upon their arrival.
By Daphne Howland • Aug. 7, 2015 -
Xcel Brands is breathing new life into C. Wonder
Fashion Police’s Brad Goreski has been named the retailer’s creative director and will be its on-air personality on QVC next spring.
By Daphne Howland • Aug. 7, 2015 -
Teen retailer Delia's stages a comeback
Delia’s customers received exclamation point-filled emails announcing the return of the brand online. Perhaps best of all, its catalog is back too.
By Daphne Howland • Aug. 7, 2015 -
Shopping center construction failing to keep up with demand
Retailers are compensating for the lack of new-store inventory by moving into older buildings vacated by shuttered businesses.
By Sharon O'Malley • Aug. 6, 2015 -
Lumber Liquidators' struggle continues as Q2 sales tumble
Sales volume was down despite discounts and denials, as the firm faces additional investigations and claims.
By Sharon O'Malley • Aug. 6, 2015 -
Zulily beats expectations, but growth has slowed
Zulily customers wait weeks for orders, and its Draconian return policy seems almost shocking. That's hurting business.
By Daphne Howland • Aug. 6, 2015 -
As Etsy shares plunge, sellers' shift to Amazon 'likely'
Etsy's stock fell below its IPO price despite better-than-expected Q2 results, and it faces fundamental problems that won’t be easy to solve.
By Daphne Howland • Aug. 6, 2015