Financial News: Page 200
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Coworking spaces may be the answer to retailers' foot traffic problem
Flexible coworking spaces will grow to 30% of all office stock by 2030, according to a new report from commercial real estate firm JLL.
By Daphne Howland • Aug. 13, 2018 -
VF to spin off denim business
The brand conglomerate continues to pull various levers to respond to intense pressure to right its portfolio for optimal growth.
By Daphne Howland • Aug. 13, 2018 -
JCP fills baby store void with 500 shops
The struggling retailer said that locations for the shop-in-shops were picked because most are near a specialty baby retailer that recently closed, presumably Babies R Us.
By Daphne Howland • Aug. 10, 2018 -
Adidas climbs higher as Nike comeback looms
Revenues at the athletics retailer rose 12% after a strong performance at the World Cup.
By Daphne Howland • Aug. 9, 2018 -
Bark hoping for a bite at Urban Outfitters
The pet supplies retailer inks its second partnership with a national brick-and-mortar retailer, a year after tying up with Target.
By Daphne Howland • Aug. 9, 2018 -
Samuels Jewelers seeks liquidation
Despite hopes for a sale that could have kept the business going, the 125-year-old jeweler asked the court to convert its Chapter 11 status into a Chapter 7.
By Daphne Howland • Updated March 14, 2019 -
Aldi gets fresher, expanding organic and convenient assortment
As its growth initiative continues, 20% of the hard discounter's product assortment will be new, featuring items like meal starters, grab-and-go drinks and marinated meats.
By Jeff Wells • Aug. 9, 2018 -
Iconix brand conglomerate reviewing debt
The brand's portfolio is vulnerable to the whims and fortunes of its partners and recent retailer moves have helped send shares to under a dollar.
By Daphne Howland • Aug. 9, 2018 -
Casper to open 200 stores across North America
The pure-play e-tailer is vastly and rapidly expanding its brick-and-mortar footprint as traditional mattress sellers suffer.
By Daphne Howland • Aug. 9, 2018 -
Albertsons and Rite Aid cancel merger amid shareholder opposition
The $24 billion deal was criticized as undervaluing the drug store chain, with the owner of Safeway and its namesake chain unwilling to raise its offer.
By Jeff Wells • Aug. 9, 2018 -
Whole Foods launches curbside pickup for Prime members
The service, available in Sacramento and Virginia Beach, will allow shoppers to pick up groceries ordered via the Prime Now app.
By Krishna Thakker • Aug. 8, 2018 -
CVS retail sales suffer amid shift to healthcare
The retailer, which is awaiting approval of its merger with health insurer Aetna, stoked revenue despite lower sales in the front of its stores.
By Daphne Howland • Aug. 8, 2018 -
Jimmy Choo kicks up Michael Kors revenue
The brand appears to be gaining in its turnaround after over-saturating malls and department stores with discounted merchandise.
By Daphne Howland • Aug. 8, 2018 -
Petco partners with Canadian Tire
The move into Canada is the latest in Petco's growth playbook in a highly competitive market.
By Daphne Howland • Aug. 8, 2018 -
Walmart is now selling Gobble meal kits on its website
The retailer has added the 15-minute, one-pan offerings to an assortment that includes both online and in-store options.
By Patti Zarling • Aug. 7, 2018 -
Office Depot's back-to-business approach pays off
The company still runs some 1,400 stores, but it's letting go of a consumer retail focus as Amazon continues to grab those sales.
By Daphne Howland • Aug. 7, 2018 -
Mattress Firm reportedly mulling bankruptcy
The company runs a whopping 3,000 stores in the U.S. at a time when mattress sales are moving online.
By Daphne Howland • Aug. 7, 2018 -
Tariff talk could 'rattle retail,' Moody's says
Even without the worry of tariffs, the healthy U.S. economy hasn't reached all retailers, according to a new report from the financial services company.
By Daphne Howland • Aug. 7, 2018 -
National Stores and Gump's file for bankruptcy
While the owner of discount chain Fallas is planning to restructure, the fate of the San Francisco regional department store is less clear.
By Daphne Howland • Aug. 7, 2018 -
Etsy banks on price hikes for continued growth
Gross merchandise sales jumped 20% over last year as the marketplace begins to turn things around under CEO Josh Silverman
By Daphne Howland • Aug. 7, 2018 -
Nordstrom poaches Tesco exec to fill CTO spot
After 18 months without a CTO, Edmond Mesrobian will step in to help drive the department store retailer's technology ambitions.
By Dan Alaimo • Aug. 7, 2018 -
Retail adds 66K jobs in July
The industry is benefiting from strong consumer confidence, but employment growth appears to be slowing as wage gains remain elusive.
By Daphne Howland • Aug. 6, 2018 -
Walmart hit with $2B lawsuit over produce technology
Zest Labs claims the retailer stole its proprietary information to develop Eden, a management system that can extend the shelf life of fruits and vegetables.
By Alicia Kelso • Aug. 3, 2018 -
Ascena names new heads for Loft, Ann Taylor
Merchandising has been a weakness across Ascena's portfolio, and the conglomerate promoted two merchandisers to lead its premium segments.
By Daphne Howland • Aug. 3, 2018 -
Wayfair posts Amazon-like sales growth, and a $100M loss
The online furniture and home goods retailer is also reportedly departing from its pure-play stance with plans for a physical store in Kentucky.
By Daphne Howland • Aug. 3, 2018