Financial News: Page 199
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J.C. Penney downgraded as uncertainty looms over 2018
Moody's and S&P lowered the company's credit rating after another poor performance and questions over the retailer's direction since Marvin Ellison's departure.
By Ben Unglesbee • Aug. 20, 2018 -
Claire's lender readies $1.5B bid for the bankrupt retailer
Oaktree Capital Management is putting its money where its mouth is by bidding on the retailer, an indication lenders see a future for the teen retailer.
By Ben Unglesbee • Aug. 20, 2018 -
Planet Fitness eyes malls for ongoing expansion
As landlords scramble to fill space left empty by traditional retailers, a mix of businesses are coming to the rescue.
By Daphne Howland • Aug. 20, 2018 -
Chicago Tribune: Google readying first retail store
The tech giant has experimented with pop-ups, but its widening array of devices makes brick-and-mortar retail an imperative if it's to take on Amazon.
By Daphne Howland • Aug. 17, 2018 -
Nordstrom reclaims the spotlight with 4% leap in comps
The department store retailer has righted its merchandise mix and protected margins both on and offline.
By Daphne Howland • Aug. 17, 2018 -
Alexa-Cortana voice integration speaks its first words
In an increasingly competitive space, the two tech giants just took a big step toward bolstering their competitive positions with an Alexa-Cortana collaboration.
By Dan Alaimo • Aug. 16, 2018 -
Walmart muscles strongest sales growth in 10 years
By nearly all accounts, it was a banner quarter for the retail giant, which reported that e-commerce sales grew 40%.
By Corinne Ruff • Aug. 16, 2018 -
Best Buy snaps up health services company GreatCall for $800M
The acquisition may seem far afield for the electronics retailer, but in many ways it was "probably inevitable," according to an analyst.
By Daphne Howland • Aug. 16, 2018 -
J.C. Penney wrestles again with inventory, and loses
The retailer's losses widened and comps barely budged in another lackluster quarter, but executives say they are taking a more focused approach to stocking stores.
By Ben Unglesbee • Aug. 16, 2018 -
Kohl's brings Amazon returns to 21 more stores
The unlikely partnership has turned out to be a boon for Kohl's, and makes the expensive problem of online returns much more efficient for Amazon.
By Daphne Howland • Aug. 16, 2018 -
Deep Dive
How Walmart rebranded development as an employee benefit
Learning is no longer optional; it's a must-have component of the employee value proposition.
By Riia O'Donnell • Aug. 16, 2018 -
Walmart taps Ellen DeGeneres for new fashion line
The collections from EV1, which stands for "everyone," is meant to be both inclusive and adorable, the talk show host said.
By Daphne Howland • Aug. 15, 2018 -
Sears CEO offers $400M to buy Kenmore
Through his hedge fund, Eddie Lampert made a formal proposal for the appliance brand and the home improvement unit of the Home Services division, which could bring in cash to the ailing retailer and expand the brand's reach.
By Ben Unglesbee • Aug. 15, 2018 -
Macy's rebound slows in second quarter
The department store's second quarter isn't quite as bad as it looks, but many stores still lack investment, which could lead to more closures.
By Daphne Howland • Aug. 15, 2018 -
Deep Dive
Why a lawsuit against Nike could change everything — or nothing
The athletics retailer has been in the spotlight since March for sexual misconduct allegations, but having a strong brand could protect it from any lasting damage.
By Cara Salpini • Aug. 15, 2018 -
Destination Maternity loses CFO amid executive turmoil
The struggling apparel retailer has had trouble keeping executives around, with a revolving door in the CEO spot and a tough turnaround underway.
By Daphne Howland • Aug. 15, 2018 -
July retail sales rose 0.6%
But household debt is on the rise, spelling trouble for consumer spending, according to a report from the New York Fed.
By Daphne Howland • Aug. 15, 2018 -
Office Depot tests co-working space in 'Workonomy' expansion
Business services are now front and center for Office Depot and rival Staples as office supplies sales recede.
By Daphne Howland • Aug. 14, 2018 -
Kate Spade begins to pay off for Tapestry
The repositioning of the Kate Spade brand follows in the successful footsteps of the company's Coach renaissance.
By Daphne Howland • Aug. 14, 2018 -
Home Depot rebounds from dampened spring sales
The home improvement retailer is at the mercy of various external forces, but its advantage is that it remains top of mind for consumers.
By Daphne Howland • Aug. 14, 2018 -
Is there life after VF Corp for Lee and Wrangler?
With high-performance athleisure on the rise, spinning off a sluggish denim business seems like an obvious move. But the company may be missing an opportunity for innovation.
By Daphne Howland • Aug. 13, 2018 -
Nike's female employees are 'devalued and demeaned,' new lawsuit claims
Two former employees have filed a suit saying they were paid less than male counterparts and that sexual harassment claims were ignored or mishandled.
By Cara Salpini • Aug. 13, 2018 -
BCBG opens concept in Soho a year after exiting bankruptcy
Marquee Brands bought most of the brand's assets out of bankruptcy for an undisclosed amount just over a year ago.
By Daphne Howland • Aug. 13, 2018 -
NRF raises 2018 retail sales forecast
The trade group, however, warned that tariffs could upend benefits that higher wages and a strong job market have delivered so far this year.
By Daphne Howland • Aug. 13, 2018 -
Deep Dive
10 Amazon myths examined
The e-commerce giant has a reputation as the retail bogeyman, but which tales are true and which ones are exaggerated?
By Corinne Ruff , Ben Unglesbee , Laura Heller , Cara Salpini • Updated Aug. 15, 2018