Financial News: Page 202
-
Bernie Sanders introduces 'Stop BEZOS' bill
The bill's title is an open jab at Amazon's CEO, and would require corporations with more than 500 employees to pay taxes for the full amount employees receive in government assistance.
By Corinne Ruff • Updated Sept. 6, 2018 -
Is the Gap brand an anchor or an albatross for its parent?
With its flagship in tatters, Gap Inc.'s other brands, especially Old Navy, are its bulwark. But can they sustain it?
By Daphne Howland • Aug. 27, 2018 -
Foot Locker is on the rebound as comps shift into the black
The company sees even stronger results coming in the second half of the year, which is good news for Nike, too.
By Daphne Howland • Aug. 27, 2018 -
Gap brand comps plummet 5%
Once again in the second quarter, Old Navy supported Gap Inc.'s results, even as Banana Republic regains its footing.
By Daphne Howland • Aug. 24, 2018 -
Children's Place sales jump 20% as it preys on competitors
CEO Jane Elfers signaled to Gymboree and just about every other seller of children's apparel that the retailer is coming for their market share.
By Ben Unglesbee • Aug. 24, 2018 -
Sephora outpaces Ulta's footfall even with fewer stores
The French beauty retailer appears to be doing more with less, thanks to a range of tech and marketing tools in stores and online.
By Daphne Howland • Aug. 24, 2018 -
Ross ups long-term store potential to 3K
Brick-and-mortar plans at the off-price retailer include opening an average of 100 stores per year, with an eventual footprint of 2,400 for Ross Dress for Less.
By Daphne Howland • Aug. 24, 2018 -
Sears looks to close another 46 stores
The retailer slashed 75% of its store base over the past decade as its sales base collapsed.
By Ben Unglesbee • Aug. 23, 2018 -
Williams-Sonoma delivers as furniture sales move online
The company's brands continue to depend on store sales despite the company's robust e-commerce increases.
By Daphne Howland • Aug. 23, 2018 -
Champion opens second US store, in NYC
The brand has emerged as a key driver of growth for parent Hanesbrands as street and retro styles continue to overshadow other athletics retailers.
By Daphne Howland • Aug. 23, 2018 -
How will Google bust into brick and mortar?
It's reportedly only a matter of time before the tech giant signs the lease on its first permanent store — and just what its physical strategy will look like remains to be seen.
By Corinne Ruff • Aug. 23, 2018 -
Victoria's Secret's longtime Pink CEO to retire
L Brands' flagship, Victoria's Secret, remains a juggernaut, notching $1.72 billion in second-quarter sales, but it's ceding market share to rivals.
By Daphne Howland • Aug. 23, 2018 -
Boxed plans to expand footprint with new funding
The online club retailer, which rejected a bid from Kroger earlier this year, plans to put the $111 million toward marketing, expanding into new markets and growing its automated fulfillment centers.
By Alicia Kelso • Aug. 22, 2018 -
Old Navy finally brings extended sizes into stores
Through a new "Size YES" campaign, Old Navy is bringing its previously online-only plus collection into 75 locations.
By Daphne Howland • Aug. 22, 2018 -
Target store traffic smashes records — again
The mass merchant notched an unprecedented 6.4% growth in store traffic as it accelerates plans to use its physical footprint to meet digital and delivery goals.
By Corinne Ruff • Aug. 22, 2018 -
Serta Simmons merging with mattress startup Tuft & Needle
Big players in the sleep space are increasingly investing in the startups that have seriously challenged them in recent years.
By Daphne Howland • Aug. 22, 2018 -
Kohl's adds Nine West to growing millennial-focused assortment
Authentic Brands Group has wasted little time repositioning its newly-acquired Nine West brand.
By Daphne Howland • Aug. 22, 2018 -
Urban Outfitters' net sales hit record $992M
Fashion trends and a robust economy helped deliver profits to all of the company's apparel brands, including staple brands Free People, Urban Outfitters and Anthropologie.
By Daphne Howland • Aug. 22, 2018 -
Lowe's to shutter all 99 Orchard Supply stores
The news comes as the home improvement retailer posted healthy second quarter sales and brought in a new chief financial officer from CVS.
By Daphne Howland • Aug. 22, 2018 -
What's behind Best Buy's $800M foray into healthcare services?
Best Buy helped define big-box specialty retail decades ago. With its latest acquisition, the electronics seller shows it's once again at the forefront of retail's evolution.
By Daphne Howland • Aug. 22, 2018 -
TJX sales up 12% on 16th straight quarter of traffic increases
The off-price retailer is living out a department store's dream, in which e-commerce doesn't matter much at all, and a steady stream of young customers are filing through the doors.
By Ben Unglesbee • Aug. 21, 2018 -
Kohl's posts 4th successive revenue beat
Through initiatives in supply chain, loyalty and merchandising, the company has positioned itself to grab market share from rivals like J.C. Penney.
By Daphne Howland • Aug. 21, 2018 -
J.C. Penney scores Big & Tall assist from Shaquille O'Neal
The retailer is putting up mostly air balls in apparel, but its new partnership could be a slam dunk as it grasps for a competitive advantage.
By Daphne Howland • Aug. 21, 2018 -
Luxury marketplace Farfetch files IPO
The move is no big surprise and perhaps an absolute necessity for the marketplace as it aims to reach the next level.
By Dan O'Shea • Aug. 20, 2018 -
Walmart, Anthem partner on Medicare program
Various tie-ups between healthcare companies and retailers continue to emerge, with Walmart planning to offer discounts on over-the-counter medicines for certain Anthem customers.
By Daphne Howland • Aug. 20, 2018