Financial News: Page 194
-
Amazon posts 'slightly worrying' sales slowdown in Q3
The company is facing more competition these days as consumers spread out online spending and legacy rivals step up e-commerce sales, analysts say.
By Daphne Howland • Oct. 26, 2018 -
Barbie comes to Mattel's rescue as sales decline across brands
The toy maker's once-popular American Girl brand is falling out of favor with sales plummeting 31% in the quarter.
By Daphne Howland • Oct. 26, 2018 -
Camping World sued over 'misleading' messages on Gander rollout
A group of investors claim that CEO Marcus Lemonis and others sold their stock before revealing the "behind-the-scenes chaos" and "giant s--t show" in the Gander integration.
By Daphne Howland • Oct. 25, 2018 -
David's Bridal negotiates with lenders as comps fall 6.5%, Reorg reports
The wedding apparel retailer and its lenders have each floated plans for restructuring the company's debt that could keep it out of bankruptcy.
By Ben Unglesbee • Oct. 25, 2018 -
Bed Bath & Beyond downgraded as struggles persist
The retailer is facing escalating costs even as it's forced to run promotions, causing S&P to believe that "the company's competitive position has eroded."
By Daphne Howland • Oct. 25, 2018 -
Walmart invites store employees to use their phones on the job
Employers interested in this "bring your own device" approach will want to note the cybersecurity risks that may be involved.
By Valerie Bolden-Barrett • Oct. 24, 2018 -
Lawsuits spark questions about Foot Locker's reliance on Nike
Investors filed claims that bring the footwear retailer's relationship with its largest supplier into focus.
By Daphne Howland • Oct. 24, 2018 -
Burberry, Target settle trademark dispute
The mass merchant's practice of partnering with luxury brands for special collections made it all the more confusing for consumers, Burberry argued in U.S. federal court.
By Daphne Howland • Oct. 24, 2018 -
Target announces free 2-day shipping this holiday season
The development is a competitive jab at rivals Walmart and Amazon, as is the company's expansion of its Drive Up service to nearly 1,000 stores.
By Corinne Ruff • Oct. 23, 2018 -
Walmart will expand 2-day shipping, in-store returns
The changes, rolling out in November, could give the retailer a leg up on its competitors.
By Shefali Kapadia • Oct. 23, 2018 -
Suppliers challenge Sears on multiple fronts in Ch. 11
Vendors to the bankrupt retailer have sued, questioning its store liquidation plans and stopping shipments as Sears tries to reorganize.
By Ben Unglesbee • Oct. 23, 2018 -
Opinion
Forget customer convenience, Amazon Go is really about customer data
With each subsequent visit, Amazon will know much more about not only customers' digital shopping habits and preferences, but also brick-and-mortar behaviors, writes Signal's Jason Ankeny.
By Jason Ankeny • Oct. 23, 2018 -
Alibaba launches 10th Singles Day event
The Chinese e-commerce giant's blockbuster event is no longer just a day, and no longer restricted to e-commerce.
By Daphne Howland • Oct. 23, 2018 -
Chip Wilson considers return to Lululemon's board
The company's founder hopes to be on a public board by 2019, preferably Lululemon, he told the Financial Post. A return, however, could be problematic.
By Daphne Howland • Oct. 23, 2018 -
Authentic Brands moves into home market with Heritage Homes buy
The company placed the $38.5 million winning bid at a bankruptcy auction for the IP of Thomasville and Broyhill furniture seller brands.
By Ben Unglesbee • Oct. 22, 2018 -
Nike CIO departs to join pharma giant Merck
Jim Scholefield will move to the pharmaceutical company after working with Nike for over three years.
By Alex Hickey • Oct. 22, 2018 -
Hasbro to reduce global workforce
The company plans a return to growth next year as it finds ways to make up for Toys R Us sales, which dominated the third and fourth quarters last year.
By Daphne Howland • Oct. 22, 2018 -
Pier 1 leans on fulfillment efficiency to revive slipping sales
Initiatives such as a new distribution scheme and warehouse consolidation are part of a broader strategy to address "execution issues" in the company's supply chain, executives said in an earnings call.
By Emma Cosgrove • Oct. 22, 2018 -
Caleres snaps up Vionic for $360M
The latest brand in its growing portfolio adds to the conglomerate's strength in the comfort footwear segment.
By Daphne Howland • Oct. 22, 2018 -
VF sales up 15% with a lot of help from Vans
The company isn't flinching in the face of currency headwinds, trade troubles or the bankruptcy of a major customer, executives said on Friday.
By Daphne Howland • Oct. 19, 2018 -
WeWork, Rent the Runway partner in 6 US cities
The partnership highlights how the coworking company is increasingly moving into retail as well as how the digitally native brand is expanding its brick-and-mortar presence.
By Daphne Howland , Corinne Ruff • Oct. 19, 2018 -
EBay sues Amazon for poaching its best sellers
"The breadth and scope of Amazon's conduct is startling," eBay attorneys said in a complaint against the e-commerce giant.
By Daphne Howland • Oct. 18, 2018 -
Deep Dive
How company culture keeps RetailMeNot ahead of the curve
As the new director of the retail tech company's diversity and inclusion program, Sharon Brogdon joined an organization that is already "walking the talk," but challenges persist.
By Pamela DeLoatch • Oct. 18, 2018 -
Sally Beauty posts flat comps for the first time in 7 quarters
The retailer also announced an executive shuffle amid a turnaround that seems to be on track.
By Daphne Howland • Oct. 18, 2018 -
Sam's Club expands same-day delivery to over half of stores
The expansion via Instacart will touch at least 100 new stores and 90 new markets by the end of this month.
By Jeff Wells • Oct. 18, 2018