Financial News: Page 194
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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 -
Victoria's Secret's broken angel wings
The third quarter brings the latest sign of trouble for L Brands' dimming star. Can new lingerie chief John Mehas bring the light?
By Daphne Howland • Nov. 20, 2018 -
Kohl's Q3 tees itself up well for the holidays
Despite this, the discount department store could face difficulty, considering it's competing with off-price retailers with more robust supply chains.
By Daphne Howland • Nov. 20, 2018 -
Lowe's closing Mexico operations
The home improvement retailer's Q3 sales rose to $17.4 billion, but it has much to do to catch up to its main rival, sector leader The Home Depot.
By Daphne Howland • Nov. 20, 2018 -
Retrieved from Amazon on October 29, 2018
Deep Dive6 Amazon private labels to watch
When it comes to its own brands, Amazon has some key advantages: resources, search dominance, market share and a whole lot of data.
By Ben Unglesbee • Nov. 20, 2018 -
Retrieved from Target on October 08, 2018
Deep Dive8 Target private label brands that launched this year
The success of the company's Cat & Jack children's brand in 2016 has sparked a slew of proprietary brands that are helping the mass merchant differentiate.
By Corinne Ruff • Nov. 20, 2018 -
Amazon, Pep Boys expand tire installation services partnership
Manny, Moe and Jack would approve of bringing the service to more locations.
By Dan O'Shea • Nov. 19, 2018 -
Lidl's acquisition of Best Market could 'jump-start' US push
The discount grocer is adding 27 stores in New York and New Jersey to the fold, the company's first major acquisition since it entered the U.S. in 2017.
By Christopher Doering , Krishna Thakker • Nov. 19, 2018 -
Mattress Firm to exit bankruptcy 'in the coming days'
Just over a month later, the mattress retailer announced its intentions to exit Chapter 11 with a lighter footprint and a stronger balance sheet.
By Cara Salpini • Nov. 19, 2018 -
What went wrong at David's Bridal?
The bridal retailer's bankruptcy filing will bring an influx of $60 million in new financing. But is it tulle little, tulle late?
By Kaarin Moore • Nov. 19, 2018 -
J. Crew CEO out in just over a year
It was always going to be difficult for James Brett to orchestrate a turnaround with his longtime predecessor on the board.
By Daphne Howland • Nov. 19, 2018 -
Chanel claims The RealReal is selling fake handbags
The French fashion house claims that in addition to allegedly selling fakes, the luxury online consignment retailer forces its customers to rely on its own authentication rather than Chanel's.
By Daphne Howland • Updated Nov. 19, 2018 -
Home Depot's 'year of the pilot' spurs new facilities, 2-day delivery
In a new initiative, the retailer developed a "dynamic ETA" for more exact delivery dates based on zip codes.
By Shefali Kapadia • Nov. 19, 2018 -
Nordstrom overcharged $72M to customers
The retailer will be issuing refunds to 4% of Nordstrom cardholders, with most receiving less than $100.
By Daphne Howland • Nov. 16, 2018 -
Oracle calls on digital assistant to boost operational productivity
Announced last month, this could be the latest virtual assistant to impact retail, but on the back end of the business.
By Dan O'Shea • Nov. 16, 2018 -
Shyft raises $6.5M to fuel workforce management app
The platform enables retail and service employees to easily swap work shifts.
By Dan O'Shea • Nov. 16, 2018 -
Hurricanes boost October retail sales
All eyes were on last month's numbers, and, by and large, they point to robust holiday sales.
By Daphne Howland • Nov. 16, 2018 -
Dillard's Q3 was 'disappointing' for CEO
The family-owned regional department store was forced to slash prices on merchandise in the quarter.
By Daphne Howland • Nov. 16, 2018 -
Retailers are seeing high employee turnover
Low unemployment is part of a robust economy fueling retail sales, but it's also forcing retailers to get creative as employers.
By Daphne Howland • Nov. 16, 2018 -
Stop WALMART Act takes aim at CEO pay, minimum wage
In order for the company to continue buying back stock, the act would require large employers to implement several changes.
By Katie Clarey • Nov. 16, 2018 -
Cashierless technology startup Standard Cognition raises $40M
The company plans to use the funds for rapid global expansion of its AI-powered autonomous checkout, posing a potential threat to Amazon Go.
By Jessica Dumont • Nov. 16, 2018