Financial News: Page 185
-
Chico's brand chief out amid sales slide
A style pivot at the apparel company's flagship label went awry, sending store comps down drastically in the third quarter.
By Daphne Howland • Nov. 29, 2018 -
Ralph Lauren exits historic NYC garment district
The brand joins several others that have abandoned flagship locations as the city's rents rise and fans turn away.
By Daphne Howland • Nov. 29, 2018 -
Opinion
The last thing a retailer needs is an activist investor
The downfall of Sears and J.C. Penney was less related to industry upheaval than it was to active disruption — and Starbucks could be next, writes Bob Phibbs, CEO of The Retail Doctor.
By Bob Phibbs • Nov. 29, 2018 -
Abercrombie's recovery shows 'positive momentum'
The retailer, however, has more to do to make shoppers aware of merchandise improvements and bring its U.S. turnaround overseas, analysts say.
By Daphne Howland • Nov. 29, 2018 -
Burlington sales up 13.7% as it plans 49 new stores
The off-price model continues to thrive no matter the economy, and more treasure-filled inventory may be on the way.
By Daphne Howland • Nov. 28, 2018 -
GameStop sells mobile business for $700M
The game and electronics retailer unloaded its Spring Mobile unit to another AT&T dealer as it continues reviewing strategic options.
By Dan O'Shea • Nov. 28, 2018 -
H&M to shutter Cheap Monday brand
The Swedish fast-fashion group has been adding new brands lately, but its 14-year-old skinny jeans wholesale business has been struggling for a while.
By Daphne Howland • Nov. 28, 2018 -
Dick's protects profits as it thins out assortment
The sports apparel retailer is also losing share to specialists like Lululemon and mass merchants like Target, analysts say.
By Daphne Howland • Nov. 28, 2018 -
Tiffany's turnaround is accelerating
The storied jeweler has been working to bring up designs and stores to appeal to younger luxury shoppers.
By Daphne Howland • Nov. 28, 2018 -
Coming to a city near you: Ikea, new and (maybe) improved
The furniture retailer is opening 30 small-store concepts in urban areas and refocusing e-commerce and delivery efforts. Will that lure millennials?
By Caroline Jansen • Nov. 28, 2018 -
Overstock aims to sell retail business by February
The e-tailer's CEO first disclosed a plan for a sale nearly a year ago, but in a recent interview with The Wall Street Journal he offered up few details regarding what he claims is an imminent deal.
By Dan O'Shea • Nov. 27, 2018 -
Instacart slashes delivery and membership fees
The e-commerce provider now charges $3.99 instead of $5.99 for same-day and next-day orders and has lowered its Instacart Express membership fee from $149 to $99.
By Jessica Dumont • Nov. 27, 2018 -
Deep Dive
10 digitally native brands to watch
Direct-to-consumer businesses like Casper, Away and Glossier are banking on social media connections, nimble supply chains and cheaper prices to disrupt retail — and they're scaling quickly.
By Corinne Ruff • Nov. 27, 2018 -
Is Blue Apron's partnership with Costco on the rocks?
Sales of the company's meal kits are on pause at the wholesale giant during the holidays, but CEO Brad Dickerson says it is aiming to return in 2019.
By Christopher Doering • Nov. 27, 2018 -
Adore Me opens 1st store outside of New York
The e-commerce player has big plans for brick and mortar as the brand and its rivals work to take advantage of Victoria's Secret's troubles.
By Daphne Howland • Nov. 26, 2018 -
Payless debuts holiday pop-up stores
The shoe retailer is working with a much smaller brick-and-mortar footprint after its bankruptcy last year.
By Daphne Howland • Nov. 26, 2018 -
FAO Schwarz returns to New York
The dance piano is back where it belongs, and the iconic retailer's new Rockefeller Plaza location has new experiences in store.
By Daphne Howland • Nov. 21, 2018 -
Office Depot to buy back $100M in stock
The company is giving itself some breathing room at a time when several retailers are hobbled in their turnaround efforts by massive debt loads.
By Daphne Howland • Nov. 21, 2018 -
Gap plans to shutter 'hundreds' of its flagship stores
Old Navy continues to support the company as Banana Republic recovers, but the Gap brand is struggling to sell its merchandise.
By Daphne Howland • Nov. 21, 2018 -
Urban Outfitters reports strong earnings in Q3
The retailer's performance demonstrates a positive turnaround since 2017, due in part to its adjusted markdown strategy and shifted focus on home goods.
By Kaarin Moore , Caroline Jansen • Nov. 21, 2018 -
Target shares fall after missing earnings estimates
The retailer's Q3 earnings were a mixed bag, as earnings per share were lower than expected, and e-commerce and same-store sales hit record highs.
By Krishna Thakker • Nov. 20, 2018 -
Best Buy beats Q3 estimates, raises full year guidance
The electronics retailer rode 4.3% comp sales growth to $9.59 billion in revenue for the third quarter.
By Dan O'Shea • Nov. 20, 2018 -
TJX sales surge in all divisions
With rapid growth and room for more, the off-price retailer has little to fear from rivals.
By Daphne Howland • Nov. 20, 2018 -
Barnes & Noble notches best comps in two years
However, the bookseller is once again without a chief executive, and its comp sales improvements are small comfort with sales still declining overall.
By Daphne Howland • Nov. 20, 2018 -
Ross shares fall on Q4 projections
Despite beating expectations on profit, the off-price retailer fell slightly short on revenue and projected lower-than-expected same-store sales for Q4.
By Cara Salpini • Nov. 20, 2018