Financial News: Page 204
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American Eagle plans 50 to 80 new Aerie stores
If denim sales are under pressure in the market, American Eagle isn't feeling it — and a 27% sales increase at Aerie doesn't hurt either.
By Daphne Howland • Aug. 29, 2018 -
Q&A
Guitar Center's new HR chief on rocking a company culture
The Hollywood-based chain is nearing its 60th birthday, but it's that history that drives employee (and customer) enthusiasm in stores, Anne Buchanan said.
By Ryan Golden • Aug. 29, 2018 -
J. Crew steadies sales ahead of brand revamp
The company says it will close more stores than previously announced as it prepares to launch major style changes to its struggling flagship.
By Daphne Howland • Aug. 29, 2018 -
DSW to shutter Town Shoes business
The retailer is enjoying the backdrop of a healthy economy as it grapples with its acquisition of a family of Canadian shoe banners.
By Daphne Howland • Aug. 28, 2018 -
Lowe's announces CIO vacancy as C-suite undergoes overhaul
The company's former CIO Paul Ramsay departed near the end of July, according to Lowe's.
By Samantha Schwartz • Aug. 28, 2018 -
Best Buy beats Q2 expectations with 'excellent execution'
The electronics retailer is leaning on services to smooth out revenue and profits, but it's also doing well selling old-fashioned electronics merchandise.
By Daphne Howland • Aug. 28, 2018 -
Bankrupt Brookstone lands $35M bid from Authentic Brands
ABG has been on the hunt for opportunities like this one, and the gift and gadget retailer would expand its stable of mostly apparel brands.
By Ben Unglesbee • Aug. 28, 2018 -
BJ's Wholesale on solid ground post-IPO
The membership retailer anticipates more improvements after a healthy quarter that largely met expectations.
By Daphne Howland • Aug. 28, 2018 -
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