Financial News: Page 206
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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 Ben Unglesbee • June 20, 2018 -
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 Corinne Ruff • June 20, 2018 -
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 Daphne Howland • 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 Daphne Howland • June 20, 2018 -
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 Daphne Howland • 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 Corinne Ruff • June 20, 2018 -
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 Ben Unglesbee • June 19, 2018 -
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 Dan O'Shea • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • June 15, 2018 -
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 Daphne Howland • June 15, 2018