Financial News: Page 154
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Stein Mart faces possible Nasdaq delisting
The company is the latest retailer to struggle to maintain good standing with major stock exchanges.
By Ben Unglesbee • July 9, 2019 -
Etsy pushes merchants to adopt free shipping
The online marketplace said on Tuesday it will give priority placement in U.S. search results to merchants who adopt the initiative.
By Caroline Jansen • July 9, 2019 -
Amazon can be held liable for Marketplace sales, court rules
Federal judges cleared the path for a liability lawsuit to proceed against the e-commerce giant over a product sold by a third-party vendor.
By Ben Unglesbee • July 9, 2019 -
EBay announces summer outlet store
The marketplace promises 70% off major brands to coincide with competitor Amazon's Prime Day sales.
By Lisa Rowan • July 9, 2019 -
Target heads to campus with more small-format stores
The retailer will open three additional locations near universities that offer grab-and-go food items, household essentials and school supplies.
By Jessica Dumont • July 9, 2019 -
VF Corp names new head of Dickie's brand
The apparel and footwear company tapped Denny Bruce — who has worked at Skullcandy, Vans and Burton Snowboards — to run the workwear brand.
By Kaarin Moore • July 8, 2019 -
Bloomberg: Amazon workers plan Prime Day strike in Minnesota
The stoppage would fall on the first day of the sales event and follow walk-outs at the same facility in recent months as workers press for better conditions.
By Ben Unglesbee • Updated July 8, 2019 -
Hudson’s Bay launches iOS shopping app
The bilingual app lets in-store shoppers scan product barcodes to search for additional styles and sizes and see more detailed product descriptions.
By Robert Williams • July 8, 2019 -
Retail group urges antitrust scrutiny of Amazon, Google
The Retail Industry Leaders Association, which represents Walmart and Target among others, voiced concern about control over product search.
By Ben Unglesbee • July 3, 2019 -
Recode: Walmart faces $1B e-commerce loss, may sell ModCloth
The retail giant's e-commerce has grown quickly, but at a cost, and without achieving the primary goal of denting Amazon's market share.
By Ben Unglesbee • July 3, 2019 -
UBS: Nordstrom is a 'no-growth retailer'
The department store is challenged by casualization in apparel and bested by lower priced rivals, prompting the analysts' downgrade.
By Daphne Howland • July 3, 2019 -
Walmart leads NRF's top 100 retailers
Even though Amazon is still recognized as a disruptor, the e-commerce giant has failed to catch up to the world's largest retailer.
By Daphne Howland • July 2, 2019 -
Francesca's CFO to depart
Also on Monday, the company's 12-1 reverse stock split had its intended effect, boosting its per-share price to around $5, a necessity as it faces delisting.
By Daphne Howland • July 2, 2019 -
Macy's accused of racial discrimination on the basis of criminal history
Plaintiffs alleged the store's hiring practices disparately impact black and Latino applicants and workers.
By Jennifer Carsen • Updated July 2, 2019 -
Coty to write down $3B in turnaround plan
The company is streamlining its operations and rebuilding its brands, and has already received positive feedback from U.S. retail partners, executives said.
By Daphne Howland • July 1, 2019 -
PetSmart upgraded thanks in part to Chewy IPO
Moody's said the upgrade was due to the brand's success in going public, which allowed the retailer to repay some of its debt.
By Caroline Jansen • Updated July 16, 2019 -
Consumer sentiment fell in June amid tariff threats
One measure of confidence found that it had fallen to its lowest levels since September 2017.
By Ben Unglesbee • July 1, 2019 -
Retailer loyalty programs ramp up experiential benefits
A new Gartner L2 report reveals that while most programs offer monetary rewards, driving emotional loyalty can build brand affinity.
By Lisa Rowan • July 1, 2019 -
Deep Dive
The wealth gap is a retail problem
It's convenient to blame Amazon for retailers' struggles, but the real culprits may be the rising costs and stagnant income dragging down the middle class.
By Daphne Howland • July 1, 2019 -
Ex-Toys R Us employees win $2M severance agreement
The agreement is mostly a symbolic win for employees of the failed retailer, who are set to get up to $60 each out of the settlement.
By Ben Unglesbee • June 28, 2019 -
Walmart quashes local grocery competition
The retail giant claims 50% or more of grocery sales in more than 200 towns and cities across the U.S., according to the Institute for Local Self-Reliance.
By Jessica Dumont • Updated June 28, 2019 -
Lowe's announces new Charlotte tech center, up to 2K hires
With the tech hub and additional employees, the home improvement retailer wants to update its tech to improve customer experience.
By Tatiana Walk-Morris • June 28, 2019 -
Courtesy of Nike
Nike's women's business grows by double digits in 2019
"It's hard to overstate how important this year has been to the evolution of the women's offense at Nike," CEO Mark Parker said of the strong results.
By Cara Salpini • June 28, 2019 -
Rent the Runway and Nordstrom team up
The partnership adds brick-and-mortar fulfillment to the fashion rental service, and furthers the department store's push to offer high-touch services.
By Daphne Howland • June 28, 2019 -
Amazon adds counter parcel pickup in 100 Rite Aid stores
For the struggling drugstore retailer, converting Amazon orders into store traffic holds promise.
By Emma Cosgrove • June 27, 2019
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