Financial News: Page
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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 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Courtesy of Nike
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 -
Permission granted by Rent the Runway
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 -
"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 -
Ryan Golden/Retail Dive
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 -
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 -
Target unveils tween girl private label
The mass merchant's ongoing development of its own brands across categories should help protect its prices if tariffs drive up costs, analysts say.
By Daphne Howland • June 26, 2019 -
Wayfair workers plan walkout over migrant camp sales
The e-commerce furniture retailer is under fire for allegedly filling orders from border facilities, and experts say it's a brand crisis.
By Daphne Howland • June 26, 2019 -
Retrieved from Ebay on June 26, 2019
Betting on a Prime Day outage, eBay announces 'Crash Sale'
The sales event is the online marketplace's latest attempt to take market share away from Amazon.
By Tatiana Walk-Morris • June 26, 2019 -
Retrieved from Apple on June 25, 2019
Who benefits from an Apple, Best Buy partnership?
The technology company last week announced that its authorized repair services will now be available at the retailer's nearly 1,000 U.S. locations.
By Caroline Jansen • June 26, 2019 -
Walmart hit with trademark suit by airline over Jetblack name
JetBlue has taken issue with the name of the retail giant's urban concierge membership as it expands offerings to include travel-based services.
By Ben Unglesbee • June 26, 2019 -
Target aims at Amazon as it preps for another Prime Day melee
The mass merchant highlighted its advantages over the e-tailer — at-store services and no membership required — in announcing its own sales event.
By Ben Unglesbee • June 26, 2019 -
David's Bridal hires new CEO
Replacing Scott Key is James Marcum, who has worked in private equity as well as with other distressed retailers like Circuit City and Ultimate Electronics.
By Ben Unglesbee • June 25, 2019 -
Chico's private equity suitor just won't quit
Sycamore Partners wants to add the women's apparel retail company to its portfolio, but the board isn't having it.
By Daphne Howland • June 25, 2019 -
Destination Maternity slashes jobs as it tries to contain costs
The apparel retailer aims to save up to $4.5 million and streamline its workforce as it continues to struggle with sales declines and a revolving C-suite.
By Ben Unglesbee • June 25, 2019 -
Retrieved from Amazon on June 25, 2019
Amazon unveils beauty store for professionals
In a direct shot at Sally Beauty, the e-commerce giant debuted a platform geared toward professionals in the beauty space.
By Cara Salpini • June 25, 2019 -
How apparel earnings unfolded
Retail clothing companies had a rocky quarter. Here's how G-III, RTW Retailwinds, VF Corp and Vince stacked up.
By Daphne Howland • June 25, 2019 -
Sears Hometown bleeds money and sales ahead of acquisition
Comparable sales were down more than 13% at the retailer's flagship banner and sales overall were down nearly 24%.
By Ben Unglesbee • June 24, 2019 -
4 grocers that are turning stores into destinations
E-commerce sales may be growing, but the store is still the core asset for many retailers. Here's how a few are making their locations into more than just a weekly shop.
By Krishna Thakker • June 24, 2019 -
Reebok stretches into maternity apparel
A new collection features leggings and tank tops in high-stretch fabrics, as more athletics retailers try to grab a piece of the women's market.
By Cara Salpini • June 24, 2019 -
REI sunsets catalog, introduces print magazine
As part of the effort, the retailer plans to invest $100,000 in 10 local news organizations this year.
By Dianna Christe • June 24, 2019 -
Several HBC shareholders resist big CEO pay
About a quarter of the company's investors cast non-binding "no" votes on Helena Foulkes' $29.4 million package, among the highest in Canada.
By Daphne Howland • June 24, 2019
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