Financial News: Page 206


  • Rent-A-Center faces possible downgrade on debt concerns

    As Moody's mulls downgrading the rent-to-own retailer's credit after a buyout deal, S&P analysts expect the sale to help Rent-A-Center's financial position in the short run.

    By June 20, 2018
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    Sears
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    Kmart opens inside a Brooklyn Sears store

    As the once-iconic retailer continues to shutter stores, this new cross pollination may give customers a better reason to walk through its doors.

    By June 20, 2018
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    CVS expands home delivery to nearly all stores

    With Amazon going quiet on the notion of adding prescription sales, the move solidifies CVS Health's position, especially with seniors.

    By June 20, 2018
  • J. Crew taps West Elm creative as chief design officer

    Johanna Uurasjarvi and J. Crew CEO Jim Brett worked closely together at both West Elm and Urban Outfitter's Anthropologie banner.

    By June 20, 2018
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    Whitney Fox for L.L. Bean
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    L.L. Bean sets up camp with outdoor co-working pop-ups

    Unlike J. Crew's effort with co-working startup WeWork, L.L. Bean isn't tying its merchandise to this project.

    By June 20, 2018
  • Deep Dive

    Can pop-up shops save department stores?

    Year-old upstart Neighborhood Goods thinks so. This fall it's unveiling an experiential department store that will rotate a mix of digitally native national and indie brands. 

    By June 20, 2018
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    Corinne Ruff
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    Why Target would welcome tougher data regulations

    At Cannes Lions, the VP of marketing for the retailer's media network predicted marketers who haven't invested in data protection will lose ground going forward.

    By Chantal Tode • June 20, 2018
  • GameStop in acquisition talks with suitors

    The gaming retailer, plagued by a changing market and unplanned leadership turnover, said it was in discussions with third parties about a possible deal. 

    By June 19, 2018
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    Getty Images
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    Google to invest $550M in JD.com in blow to Amazon, Alibaba

    The tech giant follows in the footsteps of Walmart and China's Tencent, becoming the latest player to invest in juggernaut JD.com.

    By June 19, 2018
  • Cirque du Soleil swings into shopping malls

    The circus troupe will launch the first in a series of indoor entertainment experiences next year in collaboration with real estate firm Ivanhoé Cambridge.

    By June 19, 2018
  • Deep Dive

    How long can the off-price retail party go on?

    The discount sector is still hot, but a good economy, the pressure to sell online and the decline of department stores bring new challenges. 

    By June 19, 2018
  • Holt Renfrew shells out $400M for department store updates

    Physical stores will always be the "cornerstone" of the Canadian department store retailer's business, but technology has a key role to play too.

    By June 19, 2018
  • Opinion

    More than a store – retail invests in people

    There are 42 million retail workers in the U.S. and it's time to showcase how the industry fosters growth in the workforce, writes RILA's Evan Armstrong.

    By Evan Armstrong • June 18, 2018
  • Report: Whole Foods' CEO Mackey has diminished role within the company

    The founder and maverick CEO now works alongside two Amazon executives and reports to Steve Kessel, the company's head of physical stores, according to an organizational chart viewed by CNBC.

    By Alicia Kelso • June 18, 2018
  • Rent-A-Center to sell itself, go private

    A week after the rent-to-own retailer said it would go forward alone with a turnaround, it announced a nearly $1.4 billion deal with a private equity firm.

    By Updated June 19, 2018
  • Global drugstore juggernaut to open 1,300 stores in 2018

    A.S. Watson's massive brick-and-mortar expansion entails opening a new store every seven hours.

    By June 18, 2018
  • One year later, has Amazon become the grocery disruptor everyone feared?

    The e-tailer has gradually made Whole Foods a destination for Prime members, but its broader impact on the industry has so far been underwhelming, observers say.

    By Jeff Wells • June 18, 2018
  • Zara betting on AI, big data to outflank competitors

    The push to incorporate technology is working: Last week, the fashion retailer's parent company, Inditex, posted record Q1 sales. 

    By Alex Hickey • June 18, 2018
  • Canada Goose expands in North America

    The upscale outdoor retailer is installing cold rooms in New Jersey and Montreal so that customers can better test out parkas.

    By June 18, 2018
  • Eddie Bauer names new president

    The outdoor apparel brand was recently combined with surf retailer PacSun as private equity firm Golden Gate seeks operational efficiencies.

    By June 18, 2018
  • A'gaci readies to exit bankruptcy in coming weeks

    The women's apparel retailer is set to leave Chapter 11 with 20 fewer stores as it looks to boost its e-commerce game.

    By June 15, 2018
  • Gap taps Billabong exec for flagship brand

    Neil Fiske has 20 years of brand-building and turnaround experience in specialty retailing, both as CEO of Billabong International and Eddie Bauer.

    By June 15, 2018
  • Rue21 puts post-bankruptcy team in place

    With a new CEO and new financial and marketing chiefs tapped this week, the teen apparel retailer now has a short window to turn things around.

    By June 15, 2018
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    Megan Poinski
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    Kroger exits Raleigh-Durham market amid intense competition

    The grocer plans to close 14 stores in the region, where it has operated since 1989. Eight of the locations will be converted to the Harris Teeter banner.

    By Alicia Kelso • June 15, 2018
  • May retail sales surge 6% over last year

    A robust U.S. economy is fueling consumer spending and e-commerce benefited the most, jumping 9% from 2017. But a looming deficit and trade war threaten growth.

    By June 15, 2018