Financial News: Page 170
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Amazon, Walmart join online SNAP pilot
The USDA program, which has launched in New York state, will bring the convenience of online grocery shopping to millions of benefit recipients.
By Jessica Dumont • April 22, 2019 -
Podcast
Conversational Commerce: How one digitally native brand baked sustainability into its DNA
An environmental focus doesn't have to come at the cost of profitability, says Grove Collaborative CEO Stu Landesberg.
By Corinne Ruff • April 22, 2019 -
Deep Dive
True blue: Denim has to change to save the planet
The classic American blue jean may be the world's most beloved fabric, and innovations are helping produce it more sustainably.
By Daphne Howland • April 22, 2019 -
March sales surge 1.7%
Most segments, including many that had declines last month, bounced back from February, according to the latest monthly retail sales report from the Commerce Department.
By Daphne Howland • April 18, 2019 -
Amazon China marketplace is shutting down
The e-commerce giant opened a digital store on Alibaba's Tmall in 2015, suggesting the company would eventually wind down sales operations, according to analysts.
By Daphne Howland • April 18, 2019 -
Pier 1 appoints interim CFO amid growing financial loss
Deborah Rieger-Paganis, with 30 years of experience improving retailers' finances, replaces Nancy Walsh. But will that be enough?
By Caroline Jansen • April 18, 2019 -
Consumer confidence may be hitting a peak
Americans remain among the most confident consumers in the world, but there are some signs of softening here, too.
By Daphne Howland • April 18, 2019 -
Aldi and Kohl's set to benefit from combo stores, report says
More than three-quarters of shoppers polled by Field Agent said they’d very likely shop at both stores in the same trip.
By Lauren Manning • April 18, 2019 -
Neiman Marcus takes minority stake in resale site Fashionphile
The department store is investing in the e-commerce company in an effort to reach "younger shoppers ahead of their peak spending years."
By Daphne Howland • April 17, 2019 -
New Sears to acquire Hometown
Reuniting with the unit that was spun off in 2012 would add 617 stores to Sears' reach and make it the third-largest appliance retailer.
By Daphne Howland , Ben Unglesbee • Updated June 3, 2019 -
Wayfair boosted orders over 300% during Way Day
However, compared to results from the company's sales holiday last year, the numbers were less stellar.
By Caroline Jansen • April 17, 2019 -
Best Buy, Target jump into at-home medical device market
The partnerships give both medical device companies an opportunity to reach a broader audience through mass merchant retailers, and tightens the relationship between healthcare and retail.
By Daphne Howland • April 17, 2019 -
Destination Maternity margins shrink
The retailer is chipping away at inventory and doesn't want to flood the market with under-priced merchandise as it tries to move sales.
By Daphne Howland • April 16, 2019 -
REI paddles deeper into watersports
Just days after announcing an expansion of its rental program, the retailer is adding paddleboards and kayaks to the list of rentable gear.
By Cara Salpini • April 15, 2019 -
Best Buy names new CEO
Corie Barry, the company's current chief financial and strategic transformation officer, will take on the position, effective June 11.
By Daphne Howland • April 15, 2019 -
"Anthropologie store Americana at Brand shopping mall in Glendale, California" by Minnaert, Wikimedia Commons is licensed under CC BY-SA 3.0
Anthropologie employee dubbed 'mom' gets age claim revived
After she expressed interest in a supervisor job, a manager allegedly told the plaintiff she was too old and didn't have the stamina for the position.
By Lisa Burden • April 15, 2019 -
Ace Hardware adds 'Deliver from Store' options
The efforts to improve order fulfillment come in addition to already existing features, which aim to optimize the retailer's e-commerce business.
By Caroline Jansen • April 12, 2019 -
Ross president and COO resigns
Michael O'Sullivan had been in the role since 2009 and CEO Barbara Rentler says there are more management changes to come.
By Daphne Howland • April 12, 2019 -
Retrieved from Walmart on April 12, 2019
Walmart to acquire ad-tech startup Polymorph
The big box chain hopes to help brands connect with consumers in more cutting-edge ways as it tries to keep up with Amazon's quickly growing ad business.
By Chantal Tode • April 12, 2019 -
Shipt, Petco partner for same-day delivery
Pet owners will be able to get supplies delivered from nearly 1,300 stores as quickly as under an hour.
By Daphne Howland • April 12, 2019 -
Fred's to close another 104 stores
The new closures come on top of the 159 announced in April as the struggling drugstore retailer tries to restructure.
By Daphne Howland , Ben Unglesbee • Updated May 16, 2019 -
Chico's to launch online lingerie brand targeting millennials
TellTale is a smart play for younger customers in a market where leader Victoria's Secret is ceding share, analysts say.
By Daphne Howland • April 12, 2019 -
J. Crew mulls IPO for Madewell brand
Michael Nicholson was named interim CEO of J. Crew Group, while President and Chief Experience Officer Adam Brotman resigned from his position.
By Kaarin Moore • April 12, 2019 -
Rite Aid regains compliance with NYSE
The company is above the minimum requirement of a $1-per-share price, so is now meeting listing rules.
By Daphne Howland • Updated May 2, 2019 -
ModCloth taps new CEO
Antonio Nieves departed the position, and Silvia Mazzucchelli, who most recently worked with American Apparel, was selected to lead the company.
By Kaarin Moore • April 11, 2019