Financial News: Page 205
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Hudson's Bay focuses on North American turnaround after Europe deal
The Canadian retailer's sales fell 2% in Q2 as it works to revive off-price and luxury banners.
By Ben Unglesbee • Sept. 12, 2018 -
Wayfair names new head of brand planning
Ezra Englebardt, who joined in June, is tasked with forging a creative strategy that can cut through a hotly competitive online market.
By Daphne Howland • Sept. 12, 2018 -
Retailers under pressure despite recent gains
Even as worries about a retail apocalypse fade, lower profits from digital and omnichannel growth loom.
By Daphne Howland • Sept. 11, 2018 -
Walgreens to take over 185 Fred's pharmacies
The shrinking of Fred's pharmacy operations is a departure from the drugstore's ambitions a year ago.
By Daphne Howland • Sept. 11, 2018 -
How a record store is beating the odds
New England chain Bull Moose is growing — despite offering goods widely available through digital streaming — by focusing on experience.
By Daphne Howland • Sept. 11, 2018 -
Jack Ma to retire as Alibaba chairman
"Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba," the company's founder told employees in a letter announcing his departure.
By Daphne Howland • Sept. 10, 2018 -
Chanel shutters US HQ
The company is the latest luxe player to streamline operations as fashion's calendar and supply chains have sped up.
By Daphne Howland • Sept. 10, 2018 -
Whole Foods workers aim to unionize
Employees are addressing conditions they claim have worsened under Amazon. The companies have a history of quashing such efforts.
By Krishna Thakker • Sept. 10, 2018 -
Bon-Ton plots comeback after tech company buys IP
CSC Generation picked up the department store retailer's intellectual property in a bankruptcy fire sale and is looking to revive it online and with a down-scaled physical presence.
By Ben Unglesbee • Updated Sept. 13, 2018 -
Meet the retailers on LinkedIn's list of top 50 US startups
Talent is streaming toward the disrupters on LinkedIn's list, which includes a few retail and retail-adjacent firms.
By Daphne Howland • Sept. 7, 2018 -
Burberry to stop destroying unsold merchandise
The upscale label will also no longer use fur, banning the remaining types of animal fur and hair that have been found in its designs.
By Daphne Howland • Sept. 7, 2018 -
"https://www.flickr.com/photos/jeepersmedia/14853082845/in/photolist-2k8nwKQ-2jkjsvv-oCvW4g-oCuf3U-oEgTw6-oCufvN-oAuaV1-oCfiot-oAub5j-om2TrM-2ihyE2T-ofj1tt-oEgSPe-om2vPR-oCvUVV-om2ajd-2pC7eGW-owLTPE-2m" by Mike Mozart is licensed under CC BY 2.0
Five Below plans 50 stores for Q3 amid physical expansion
The discount retailer continues to capitalize on trends, but its merchandising capabilities plus the demise of Toys R Us mean it doesn't have to depend on the hottest crazes.
By Daphne Howland • Sept. 7, 2018 -
Now's a good time to snap up GameStop, analyst says
A private equity takeover could hinder GameStop's turnaround if it means a debt pile-up, which has been a death sentence for other retailers.
By Daphne Howland • Sept. 7, 2018 -
Barnes & Noble's need for a turnaround sharpens as comps fall 6%
Millions of dollars in cost cuts couldn't help the retailer as its sales continued to slide, making the need for a new — and lasting — CEO even more crucial.
By Ben Unglesbee • Sept. 6, 2018 -
Zara parent aims to sell online everywhere by 2020
CEO Pablo Isla noted that Zara stores are already proving to be instrumental in filling online orders.
By Daphne Howland • Sept. 6, 2018 -
Suistudio expands beyond e-commerce with a global fleet of stores
Suitsupply says it spent the last year perfecting its sister label's market positioning and retail strategy.
By Daphne Howland • Sept. 6, 2018 -
Target readies toy expansion ahead of the holidays
The mass merchant is just the latest taking steps to fill the gap opened by the demise of Toys R Us.
By Daphne Howland • Sept. 5, 2018 -
Amazon's stock valuation hits $1T
The e-tailer and tech company is still far behind its primary rivals in terms of profitability, but its explosive growth has wowed investors who show no signs of losing faith in Amazon's future.
By Ben Unglesbee • Sept. 5, 2018 -
RH to stop 'chasing low quality sales'
The home furnishings retailer is staking its fortunes on a dazzling brick-and-mortar concept that prioritizes profits over sales, but that wasn't enough for Wall Street.
By Daphne Howland • Sept. 5, 2018 -
Allbirds takes flight offline with NYC, SF stores
With plans for eight stores across the U.S. this year, including leases in Chicago and Boston, the footwear retailer is making a larger push into brick and mortar.
By Daphne Howland • Sept. 5, 2018 -
Deep Dive
VC money is pouring into e-commerce — but are women getting a fair share?
Last year, female-founded retail businesses raised only about half the funding male founders did. Investors are realizing they may be leaving money on the table.
By Corinne Ruff • Sept. 5, 2018 -
Department stores' fortunes rise as they shun inventory
The sector is reducing inventory and boosting margins, with the notable exception of J.C. Penney, according to a recent Moody's report.
By Ben Unglesbee • Sept. 4, 2018 -
Ulta's e-commerce growth spurt isn't over
The beauty retailer's digital sales surged 37.9% in the quarter and the company is winning over "significant market share," according to CEO Mary Dillon.
By Cara Salpini • Aug. 31, 2018 -
Walmart has big plans to cash in on Toys R Us' demise
The retail giant is planning to expand its toy assortment by 30% in stores and 40% online this holiday season now that there is $1.3 billion in U.S. toy sales up for grabs.
By Ben Unglesbee • Aug. 31, 2018 -
Lululemon plans 40 more stores by year's end
The athletics retailer has corrected its quality and style missteps and under new CEO Calvin McDonald is on its way to becoming a global lifestyle brand.
By Daphne Howland • Aug. 31, 2018