Financial News: Page 198
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Kit & Ace churns out first profits under new ownership
The niche apparel company has teetered since its swift expansion two years ago. But a new focus on bike commuters has a promising start.
By Daphne Howland • Oct. 15, 2018 -
Allbirds rakes in $50M to fuel store expansion
The digitally native brand just opened its first New York City flagship last month, but it's already plotting stores around the globe.
By Corinne Ruff • Oct. 12, 2018 -
Retrieved from Amazon on October 09, 2018
Amazon to give additional pay bumps to make up for slashed bonuses
The pay bumps will only apply to some workers, but Amazon maintains that all employees "will see an increase in their total compensation as a result of this announcement."
By Valerie Bolden-Barrett • Oct. 12, 2018 -
Is Barnes & Noble's new concept store the answer to its woes?
The 17,400 square-foot-store "will combine the best of what we’ve learned from our other new stores," according to Carl Hauch, vice president of stores.
By Corinne Ruff • Oct. 12, 2018 -
New York Post: Buzzfeed opening toy store in time for the holidays
The plans, if true, reflect both the opportunity left by the demise of Toys R Us and the appeal of New York City for brick-and-mortar retail.
By Daphne Howland • Oct. 12, 2018 -
Shopify opens brick-and-mortar space for entrepreneurs in LA
The permanent location features opportunities for support from staff and networking with fellow business leaders.
By Daphne Howland • Oct. 12, 2018 -
Sears reportedly nearing bankruptcy deal to keep operating through holidays
A plan under negotiation now would allow the retailer to keep "some" stores open after a Chapter 11 filing — expect by Monday — while the company seeks a buyer, according to reports.
By Ben Unglesbee • Updated Oct. 12, 2018 -
Deciem founder Brandon Truaxe ousted from company
The cult beauty brand shuttered most of its stores this week after unsettling remarks from founder Brandon Truaxe in videos and social media posts grabbed attention and headlines.
By Daphne Howland • Updated Oct. 12, 2018 -
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