Financial News: Page 172


  • Sears' new logo panned by customers

    The rebranding campaign comes as the retailer tries to shake off years of turmoil and negative publicity. 

    By May 13, 2019
  • Chico's cold to 3rd Sycamore bid

    The retailer's board said it would review the latest offer of $3.00 per share, but noted it had already turned down two previous, higher offers.

    By Updated June 19, 2019
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    Kaarin Vembar/Retail Dive
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    Is it lights out for Lord & Taylor?

    America's oldest department store, for years a destination for stylish middle class women, could be about to vanish.

    By May 13, 2019
  • Party City to close 45 stores

    The move will free up money to open stores in potentially 200 new markets as the party supplies retailer tests new store formats and categories.

    By May 10, 2019
  • JD profits soar as Q1 beats expectations

    The company is solidifying its partnerships in China with outside retailers, including Walmart.

    By May 10, 2019
  • Overstock loss narrows as 'aggressive' cost cuts continue

    Executives on Thursday said they aren't intimidated by rival Wayfair or even Amazon's move to speed up Prime shipping.

    By May 10, 2019
  • Walgreens storefront
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    Courtesy of Walgreens
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    Walgreens wants court to toss Theranos lawsuit

    The drugstore's deal with the startup is a stark reminder of the pitfalls of a hasty response to competitive pressures. 

    By May 9, 2019
  • Schick maker snags Harry's for almost $1.4B

    The deal, like Unilever's purchase of Dollar Shave Club, is yet another signal that the old way of selling consumer products is on its way out.

    By May 9, 2019
  • Camping World posts loss in RV, outdoor retail segment

    CEO Marcus Lemonis remains focused on shifting its retail acquisitions into RV sales locations and shutting down unprofitable stores.

    By May 9, 2019
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    Kate Spade
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    Kate Spade helps Tapestry advance despite declines

    A billion-dollar stock buy-back announced Thursday signals executives' confidence in the conglomerate's runway for growth.

    By May 9, 2019
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    Retrieved from Walmart on May 08, 2019
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    Walmart says Project Gigaton goals are on track

    In its first environmental, social and governance report, the retailer details progress toward its goal of reducing global supply chain emissions.

    By Matt Leonard • May 8, 2019
  • Exterior of a Belk storefront.
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    Courtesy of Belk
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    Deep Dive

    Belk lays its 130-year legacy on the line

    The department store thrived in the South for over a century. Now it's turning to a New York agency to rebrand for a new retail era.

    By May 8, 2019
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    Retrieved from Amazon on April 02, 2018
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    Amazon Go store in NYC is the 1st to take cash

    The 12th location is taking old-fashioned currency while cities across the country consider bans on cashless stores to protect low-income shoppers.

    By May 8, 2019
  • Office Depot lowers guidance as profits plummet

    The retailer's shift to services hit a roadblock in the quarter, and the company is cutting costs to boost income.

    By May 8, 2019
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    Getty Images
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    US Trade Representative confirms 25% tariff hike for Friday

    Less than a week's notice on a tariff increase leaves companies with little to no time to adjust their supply chains to mitigate the financial burden.

    By Shefali Kapadia • Updated May 8, 2019
  • Victoria's Secret free to trademark 'first love'

    The planned name for a personal care line appears to memorialize last year's skirmish between the lingerie stalwart and online upstart ThirdLove.

    By May 7, 2019
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    Retrieved from Walmart on May 07, 2019
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    Walmart to open 100 in-store veterinary clinics

    The retailer will also carry prescriptions for pets in its pharmacies and online. 

    By May 7, 2019
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    Courtesy of Simon Property Group
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    Study: Macy's most visited website for apparel

    J.C. Penney and Nordstrom round out the top three spots in the category for average monthly web traffic, according to SimilarWeb.

    By Tatiana Walk-Morris • May 7, 2019
  • REI sticks with interim CEO for good

    After a national search, former COO Eric Artz replaces Jerry Stritzke, who resigned in February over an undisclosed relationship.

    By May 7, 2019
  • NYC, suburbs hold lead in troubled retail construction sector

    While the decline of brick-and-mortar shopping led to double-digit decreases in the value of retail work under way in many cities, the New York metro region increased 4% last year, per a new report.

    By Kathleen Brown • May 7, 2019
  • LVMH attorney alleges 'sham' sexual harassment investigation

    The director of talent at LVMH, Louis Vuitton's parent company, allegedly dismissed the behavior as what "executives do in a French company."

    By Lisa Burden • Updated May 8, 2019
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    "Lord and Taylor" by JJ is licensed under CC BY-ND 2.0
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    HBC looks to sell Lord & Taylor

    The iconic American department store chain's value now resides mostly in its property.

    By May 6, 2019
  • Francesca's plans reverse stock split

    The move is a bid to boost the retailer's stock price to regain Nasdaq compliance while it works on more fundamental challenges to its business.

    By May 6, 2019
  • Eddie Bauer faces $9.8M tab for data breach

    Cybersecurity continues to be an issue for retailers and customers, incurring costs to company reputations and bottom lines.

    By May 6, 2019
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    Getty Images
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    Trump: Tariffs on $200B Chinese imports will rise to 25% Friday

    The president made the announcement in a pair of tweets, indicating he is displeased with the timeline and pace of U.S.-China trade negotiations.

    By Shefali Kapadia , Emma Cosgrove • May 6, 2019