Financial News: Page 196
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Walgreens betting on strategic partnerships
The company's retail side is still being neglected in favor of its pharmacy and healthcare operations.
By Daphne Howland • Oct. 12, 2018 -
Walmart grants $4M to support workforce education
The funding is part of the company's five-year, $100 million effort to improve training programs in retail and adjacent sectors.
By Corinne Ruff • Oct. 11, 2018 -
Amazon offers more Calvin Klein goods than Macy's
But that doesn't necessarily translate to a slam dunk in sales for the e-tailer or the brands it offers, according to Instinet analyst Simeon Siegel.
By Daphne Howland • Oct. 11, 2018 -
Mattress Firm moves to close another 99 stores in bankruptcy
That brings the total of store closures at Mattress Firm to 405 just two weeks into Chapter 11. The retailer plans to close 700 in the restructuring process.
By Cara Salpini • Updated Oct. 18, 2018 -
Good thing J.C. Penney's new merchandiser is the CEO
Can Jill Soltau bring the struggling department store the turnaround it's been waiting for? There isn't much time to find out.
By Daphne Howland • Oct. 11, 2018 -
Walmart sued over use of customer data online
At issue is Walmart.com's employment of Facebook's Pixel advertising tool.
By Daphne Howland • Oct. 11, 2018 -
WeWork plans to open 500 WeMRKT stores
But it's not yet clear whether the coworking startup can make retail work.
By Daphne Howland • Oct. 11, 2018 -
FAO Schwarz to return to New York City
The next phase of the iconic retailer's comeback, which also includes an overseas expansion, begins just in time for the holidays.
By Daphne Howland • Oct. 11, 2018 -
DOJ clears CVS-Aetna union
Approval of the $69 billion deal comes with a condition to sell Aetna's Medicare Part D business.
By Samantha Liss • Oct. 10, 2018 -
Sears reportedly misses vendor payments while banks push for liquidation
The reports follow others that the retailer is working with banks and advisors on a filing that could come this week, according to media reports.
By Ben Unglesbee • Updated Oct. 11, 2018 -
Levi's maintains its momentum
The brand's iconic status is helpful, but much of its growth is also attributable to merchandise diversification.
By Daphne Howland • Oct. 10, 2018 -
Deep Dive
Up, up and Away: Inside the rise of a direct-to-consumer darling
The nearly three-year-old travel brand has momentum and money to scale, but how high can it fly before hitting its ceiling?
By Corinne Ruff • Oct. 10, 2018 -
DSW, Authentic Brands team up to acquire Camuto for $375M
ABG is adding yet another major name to its portfolio, while the shoe retailer sees new revenue opportunities and an expanded market ahead.
By Daphne Howland • Oct. 10, 2018 -
Jenna Lyons partners with Turner Entertainment on broadcast-commerce venture
The mystery of what the style icon would do after a quarter century at J. Crew will be revealed early next year.
By Daphne Howland • Oct. 10, 2018 -
Universal Standard broadens size range to 00 to 40
The three-year-old startup will also open the doors of its first brick-and-mortar store in NYC to kick off its new "Foundation" collection.
By Corinne Ruff • Oct. 9, 2018 -
Is it time for retailers to get political?
Turbulent political times might seem like a good reason for retailers to avoid controversial issues, but only certain ones, according to an OnBuy study.
By Daphne Howland • Oct. 9, 2018 -
"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 invests $20M in payments firm Klarna
The retailer aims to streamline payments, deliveries and returns both online and in stores.
By Dan Alaimo • Oct. 9, 2018 -
Target stokes price war with new Smartly private label
Beginning mid-month the mass merchant will roll out a home essentials and personal care brand with most items priced under $2.
By Corinne Ruff • Oct. 8, 2018 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Cartier, Saks trade high-stakes lawsuits over NYC renovation
The upscale retailer is attempting to reset the essence of what a department store is, but the luxury jeweler is resisting the changes that entails.
By Daphne Howland • Oct. 8, 2018 -
Bath & Body Works manager allegedly humiliated employee who requested a larger screen
The Equal Employment Opportunity Commission has alleged that when an employee with a vision impairment requested a larger monitor, her manager bought a magnifying glass and presented it to her in front of her co-workers.
By Lisa Burden • Oct. 8, 2018 -
Subscription marketplace Cratejoy downsizes
Customer retention remains a sticky problem for subscription services, although Amazon has expanded its own curated boxes.
By Daphne Howland • Oct. 5, 2018 -
Sears closing more stores just ahead of the holidays
As yet more Sears and Kmart stores shutter, the company is gradually running through assets to leverage, not to mention the source of much-needed sales.
By Daphne Howland • Oct. 5, 2018 -
Deep Dive
Here's who is making moves in 2018 holiday hiring
As the season unfolds, we're making a list (and checking it twice) of who is hiring and how it stacks up against last year's strong holiday season. Here's a look at holiday staffing so far.
By Ben Unglesbee • Updated Oct. 19, 2018 -
Mattress Firm files Ch. 11, plans 700 store closures
Days after rumors broke, the mattress player filed for bankruptcy, citing ineffective marketing, insufficient high-end sales and changes to key suppliers.
By Cara Salpini • Oct. 5, 2018 -
Mall vacancy rate hits 7-year high
Non-retail tenants are coming in to save some malls, but retailers still need to correct the oversaturated landscape.
By Daphne Howland • Oct. 5, 2018