Financial News: Page 174
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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 Daphne Howland • May 10, 2019 -
Courtesy of Walgreens
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 Ben Unglesbee • 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 Daphne Howland • 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 Cara Salpini • May 9, 2019 -
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 Daphne Howland • May 9, 2019 -
Retrieved from Walmart on May 08, 2019
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 -
Courtesy of Belk
Deep DiveBelk 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 Daphne Howland • May 8, 2019 -
Retrieved from Amazon on April 02, 2018
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 Ben Unglesbee • 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 Daphne Howland • May 8, 2019 -
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 Daphne Howland • May 7, 2019 -
Retrieved from Walmart on May 07, 2019
Walmart to open 100 in-store veterinary clinics
The retailer will also carry prescriptions for pets in its pharmacies and online.
By Kaarin Moore • May 7, 2019 -
Courtesy of Simon Property Group
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 Daphne Howland • 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 -
HBC looks to sell Lord & Taylor
The iconic American department store chain's value now resides mostly in its property.
By Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • May 6, 2019 -
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 -
Walmart reportedly changing up store management again
The move could be part of an effort to change its workplace culture, and potentially has the added benefit of containing labor costs.
By Daphne Howland • May 3, 2019 -
H&M ends print catalog after 39 years
The fast fashion retailer stated that the change is related to its ongoing sustainability goals.
By Kaarin Moore • May 3, 2019 -
Francesca's to close at least 20 stores this year amid sales plunge
That number could be conservative in light of the apparel retailer's massive 727-store footprint, mostly in malls.
By Daphne Howland • May 3, 2019 -
Target, Walmart envision radically different futures for their growing media businesses
The big-box rivals both made their NewFronts debuts this week, but their pitches to advertisers largely reinforced the divide in their audiences and brand positioning.
By Peter Adams • May 3, 2019 -
Modell's CEO: 'The landlords are rooting for us'
The 130-year-old sporting goods store is aiming for a new lease on life.
By Daphne Howland • May 3, 2019
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