Financial News: Page 205
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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 -
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 -
Retrieved from Walmart on August 15, 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