Financial News: Page 185
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Walgreens holds steady despite U.S. store comp decline
The drugstore retailer and Alphabet's Verily medical tech unit announced a joint project to help patients manage chronic conditions less expensively.
By Daphne Howland • Dec. 20, 2018 -
Williams-Sonoma sues Amazon over alleged West Elm copies
The home goods retailer says the e-commerce giant's Rivet private label line sells "knockoffs" of products from its West Elm brand.
By Corinne Ruff • Dec. 20, 2018 -
Deep Dive
How Bonobos is growing up under Walmart's wing
Since CEO Micky Onvural took over in September, she says "Nothing has changed, but everything has changed."
By Corinne Ruff • Dec. 20, 2018 -
Rite Aid loss narrows as it chases rivals
The drugstore retailer is revamping beauty and grocery to improve front-of-store sales, though it remains focused on pharmacy and healthcare operations.
By Daphne Howland • Dec. 20, 2018 -
Pier 1 brings on president, CFO
Douglas Diemoz and Robert Riesbeck will also help form the office of the CEO as the retailer looks to strengthen its C-suite.
By Daphne Howland , Cara Salpini • Updated July 19, 2019 -
Sears looks for bidders who aren't Eddie Lampert
The bankrupt retailer did not select a stalking horse bid and instead is pushing for more offers ahead of the Dec. 28 final deadline.
By Corinne Ruff • Dec. 19, 2018 -
Debtwire: Payless lenders prep for downward spiral
Lenders are reportedly in the early stages of organizing after growing concerns that the company is falling short of financial expectations.
By Corinne Ruff • Dec. 19, 2018 -
Ikea to open most sustainable store yet
The Swedish retailer's latest London-area store will have a roof garden, solar panels and classes where customers can learn about sustainability.
By Daphne Howland • Dec. 19, 2018 -
Target's Shipt to expand to all major product categories
The service currently offers same-day delivery on more than 55,000 Target groceries, essentials, electronics, toys and other products.
By Corinne Ruff • Dec. 19, 2018 -
Drugstores, supermarkets and specialty set to grow in 2019
But headwinds, including tariffs and higher wage and freight costs, will keep retailers on their toes, according to a Moody's report.
By Daphne Howland • Dec. 18, 2018 -
12 news stories that shaped retail in 2018
From Sears and Mattress Firm's bankruptcies to Walmart's $16 billion Flipkart buy, here's a look back at the biggest news from the last 12 months.
By Corinne Ruff • Dec. 18, 2018 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Saks to shutter Brookfield Place women's store in New York
While the branch is in an area not conducive to women's apparel sales, the move also reflects the chain's overall weakness, analysts say.
By Daphne Howland • Dec. 18, 2018 -
Court sides with Rent-A-Center in merger dispute
Left undecided is the fate of the breakup fee, which the rent-to-own retailer expects to collect but Vintage Capital banker B. Riley continues to dispute.
By Daphne Howland • Updated March 18, 2019 -
Kroger's driverless delivery pilot enters next phase
The retailer and its technology partner, Nuro, will put unmanned vehicles on the road for the first time as part of a test in Scottsdale, Arizona.
By Jeff Wells • Dec. 18, 2018 -
Target makes Christmas Eve delivery guarantee on eligible orders
The mass merchant is offering free deliveries of qualified online orders placed by Dec. 20, the same cutoff at Walmart for orders from a broader assortment.
By Corinne Ruff • Updated Dec. 18, 2018 -
Genesco unloads Lids for $100M
The Nashville-based retail company, which runs Journeys in the U.S., has been shopping around the struggling banner since February.
By Daphne Howland • Dec. 17, 2018 -
Bankruptcy court approves Toys R Us Asia sale
Fung Retailing, which previously owned 15% of a joint venture comprising Toys R Us' Asian operations, will take over the business for $760 million.
By Corinne Ruff • Dec. 17, 2018 -
LVMH expands portfolio with $2.6B Belmond travel deal
With this move, the luxury conglomerate continues to strengthen its upscale stance and expand beyond retail.
By Daphne Howland • Dec. 17, 2018 -
Lowe's refocuses in wake of missteps
The home improvement retailer announced a new slogan and an emphasis on retail fundamentals as new CEO Marvin Ellison continues to tweak operations.
By Daphne Howland • Dec. 17, 2018 -
FedEx launches 'extra hours' for retailers during peak
The new service is intended to allow afternoon orders to be shipped same-day to better ensure delivery within two days.
By Emma Cosgrove • Dec. 17, 2018 -
Lowe's 'historically underinvested' in IT, dedicating $500M to overhaul systems
Five CIOs in the last eight years resulted in "inconsistent strategy and low accountability," said CIO Seemantini Godbole.
By Samantha Schwartz • Dec. 17, 2018 -
November sales surge, fueling holiday retail
Consumer optimism took a dive, but that's not keeping Americans from spending this season.
By Daphne Howland • Dec. 14, 2018 -
Amy Schumer debuts inclusive-size collection at Saks Off 5th
The off-price retailer is just the latest to develop apparel that more women can shop for, putting pressure on plus-size specialists.
By Daphne Howland • Dec. 14, 2018 -
Costco stokes e-commerce with little hit to margins
The wholesaler grabbed sales from more people who live further from stores, and healthcare and grocery competitors took bigger bites out of profits.
By Daphne Howland • Dec. 14, 2018 -
Court cancels auction of Sears home improvement business
Without any other qualifying bids, the unit is expected to go to the stalking horse bidder, Service.com, for $60 million.
By Corinne Ruff • Dec. 14, 2018