Financial News: Page 160
-
Retrieved from Target on July 08, 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 -
Retrieved from Walmart on May 30, 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 -
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 -
Retrieved from Amazon on June 27, 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 -
Walmart Labs builds out its candidate pipeline with 'returnships'
The retailer is looking to expand its tech talent pool.
By Ryan Golden • June 27, 2019 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M plans fewer new stores in hard e-commerce push
The fast-fashion retailer also said that its partnership with omnichannel payments platform Klarna will expand to the U.S. in the fall.
By Daphne Howland • June 27, 2019 -
Walgreens retail falters on lower tobacco sales
The drugstore retailer in the third quarter managed to edge past expectations but isn't raising its outlook.
By Daphne Howland • June 27, 2019 -
Retrieved from Walmart on June 06, 2017
Walmart now accepts SNAP benefits at all pickup locations
The retailer launched an online SNAP pilot earlier this spring and currently offers grocery pickup at more than 2,500 stores nationwide.
By Jessica Dumont • June 27, 2019