Financial News: Page 207


  • 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 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 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 Aug. 23, 2018
  • Image attribution tooltip
    Champion
    Image attribution tooltip

    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 Aug. 23, 2018
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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 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 Aug. 23, 2018
  • Image attribution tooltip
    Boxed
    Image attribution tooltip

    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 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 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 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 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 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 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 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 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 Aug. 21, 2018
  • Image attribution tooltip
    JCP
    Image attribution tooltip

    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 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 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 Aug. 20, 2018
  • Image attribution tooltip
    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
    Image attribution tooltip

    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 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 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 Aug. 20, 2018
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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 Aug. 17, 2018
  • Image attribution tooltip
    Montgomery County Planning Commission
    Image attribution tooltip

    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 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 Aug. 16, 2018