Financial News: Page 170
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Ikea testing new app with shoppable feed, AR
The technology will first roll out in France and the Netherlands, with the goal to reach additional markets by the end of 2019.
By Caroline Jansen • May 30, 2019 -
J. Crew to shutter 20 flagship, outlet stores
Cost cuts helped boost first quarter profits, but the company remains mired in debt and growth slowed at Madewell, where its hopes are pinned.
By Daphne Howland • May 30, 2019 -
Dick's raises guidance on earnings beat
E-commerce sales rose 15%, but net income was lower than the prior year and the retailer is still facing pressure from the likes of Nike and Lululemon.
By Cara Salpini • May 29, 2019 -
Abercrombie & Fitch store closures hit Q1 sales
But right-sizing its footprint is essential to the success of its turnaround, analysts say.
By Daphne Howland • May 29, 2019 -
New tariffs could imperil Best Buy, Dick's and Bed Bath & Beyond
J.P. Morgan looks at which retailers would lose the most in a "disaster" scenario after the Trump Administration's latest trade salvos.
By Ben Unglesbee • May 29, 2019 -
Lands' End to take final steps away from Sears
As it exits store-within-a-store locations, the apparel retailer previously announced plans to open 40 to 60 owned stores in the next several years.
By Caroline Jansen • May 29, 2019 -
Retrieved from Walmart on April 25, 2019
Walmart names Amazon veteran as CTO
Suresh Kumar formerly led the e-commerce giant's retail supply chain and inventory management systems.
By Samantha Schwartz • May 29, 2019 -
Walmart's grocery pickup is reaching new, high-value shoppers
According to recent research, the service is appealing to young, affluent parents, including many who have never shopped with the retailer before.
By Krishna Thakker • May 28, 2019 -
Courtesy of Sephora
Sephora to close US stores for inclusion training June 5
"We will never stop building a community where diversity is expected, self-expression is honored, all are welcomed, and you are included," Sephora said.
By Valerie Bolden-Barrett • May 28, 2019 -
Courtesy of Target
WSJ: Target eyes ad firm acquisition
The deal, for WPP's Triad unit, could strengthen Target's in-house ad sales expertise amid a mounting battle for digital dollars with Amazon and Walmart.
By Peter Adams • May 28, 2019 -
Which private equity-owned retailers are still at risk?
Three-fourths of retailers on Moody's distressed list have gone through private equity acquisitions. Will Wall Street's debt-fueled love for retail ever fade?
By Ben Unglesbee • May 28, 2019 -
Creditors approve Topshop owner's restructuring plan
U.K.-based Arcadia, which also filed for Chapter 15 in New York in May, can now move forward with its turnaround.
By Daphne Howland • Updated June 14, 2019 -
BarkBox launches subscriptions on Amazon
As the sector gets more saturated, a partnership with the e-commerce giant better positions the pet retailer against competition.
By Kaarin Moore • May 24, 2019 -
Courtesy of L Brands
L Brands' real secret is Bath & Body Works
As the company runs into trouble with Victoria's Secret, the personal care brand keeps boosting its performance quarter after quarter.
By Daphne Howland • May 24, 2019 -
Inditex to split chairman, CEO roles
Pablo Isla, current executive chairman and chief executive, engineered the idea of bringing on COO Carlos Crespo for the top spot.
By Daphne Howland • May 24, 2019 -
Foot Locker falls short of earnings estimates
Despite rises in net income and comps, and particularly strong direct-to-consumer sales, the athletics retailer disappointed analysts.
By Cara Salpini • May 24, 2019 -
Amazon secures its own '.amazon' domain
The decision ushers in a new reality that could have wide-ranging implications for the e-commerce giant, its sellers and its rivals.
By Daphne Howland • May 23, 2019 -
Best Buy ekes out sales boost in challenging Q1
Despite strength continuing in the current quarter, the electronics retailer is sticking to its guidance for the full year under the shadow of new tariffs.
By Daphne Howland • May 23, 2019 -
Kendall Davis/Retail Dive
Deep DiveThe unicorns of retail
From Casper to Rent the Runway, four retail startups have hit $1 billion valuations in 2019. Here's a look at past and future plans for the companies.
By Cara Salpini • May 23, 2019 -
Retrieved from Target on May 22, 2019
Deep DiveRetailers cash in on a 'captive' college campus market
Department stores, supermarkets and even apparel brands are adding locations on or near institutions, though experts debate whether the activity marks a trend.
By Wayne D'Orio • May 23, 2019 -
Lowe's, The Home Depot see Q1 results dampened by rain
While both home improvement retailers were negatively affected by the unfavorable weather, analysts say Lowe's was better able to mitigate the toll.
By Caroline Jansen • May 22, 2019 -
Nectar parent rebrands as Resident, unveils furniture line
The move pushes the company, which operates mattress brands Nectar and DreamCloud, further into the home furnishing space.
By Caroline Jansen • May 22, 2019 -
Courtesy of Nordstrom
Nordstrom says 'Local' stores are its future
Loyalty and marketing snafus, plus merchandise missteps, led to first quarter sales declines even at the retailer's usually robust Rack stores.
By Daphne Howland • May 22, 2019 -
Stein Mart adds Amazon lockers to 200 stores
Like Kohl's, the retailer hopes to drive traffic to stores through the partnership. But the e-commerce giant may be the real winner.
By Daphne Howland • May 22, 2019 -
Target grabs share as Q1 sales spike 5%
The mass merchant's digital sales boomed during the quarter, growing more than 40%, as customers flocked to its same-day fulfillment services.
By Ben Unglesbee • May 22, 2019
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