Financial News: Page 207


  • 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 retail sales suffer amid shift to healthcare

    The retailer, which is awaiting approval of its merger with health insurer Aetna, stoked revenue despite lower sales in the front of its stores.

    By Aug. 8, 2018
  • Jimmy Choo kicks up Michael Kors revenue

    The brand appears to be gaining in its turnaround after over-saturating malls and department stores with discounted merchandise.

    By Aug. 8, 2018
  • Petco partners with Canadian Tire

    The move into Canada is the latest in Petco's growth playbook in a highly competitive market.

    By Aug. 8, 2018
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    Gobble
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    Walmart is now selling Gobble meal kits on its website

    The retailer has added the 15-minute, one-pan offerings to an assortment that includes both online and in-store options.

    By Patti Zarling • Aug. 7, 2018
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    Office Depot's back-to-business approach pays off

    The company still runs some 1,400 stores, but it's letting go of a consumer retail focus as Amazon continues to grab those sales.

    By Aug. 7, 2018
  • Mattress Firm reportedly mulling bankruptcy

    The company runs a whopping 3,000 stores in the U.S. at a time when mattress sales are moving online.

    By Aug. 7, 2018
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    Getty Images
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    Tariff talk could 'rattle retail,' Moody's says

    Even without the worry of tariffs, the healthy U.S. economy hasn't reached all retailers, according to a new report from the financial services company.

    By Aug. 7, 2018
  • National Stores and Gump's file for bankruptcy

    While the owner of discount chain Fallas is planning to restructure, the fate of the San Francisco regional department store is less clear.

    By Aug. 7, 2018
  • Etsy banks on price hikes for continued growth

    Gross merchandise sales jumped 20% over last year as the marketplace begins to turn things around under CEO Josh Silverman 

    By Aug. 7, 2018
  • Nordstrom poaches Tesco exec to fill CTO spot

    After 18 months without a CTO, Edmond Mesrobian will step in to help drive the department store retailer's technology ambitions.

    By Aug. 7, 2018
  • Retail adds 66K jobs in July

    The industry is benefiting from strong consumer confidence, but employment growth appears to be slowing as wage gains remain elusive.

    By Aug. 6, 2018
  • Walmart hit with $2B lawsuit over produce technology

    Zest Labs claims the retailer stole its proprietary information to develop Eden, a management system that can extend the shelf life of fruits and vegetables.

    By Alicia Kelso • Aug. 3, 2018
  • Ascena names new heads for Loft, Ann Taylor

    Merchandising has been a weakness across Ascena's portfolio, and the conglomerate promoted two merchandisers to lead its premium segments.

    By Aug. 3, 2018
  • Wayfair posts Amazon-like sales growth, and a $100M loss

    The online furniture and home goods retailer is also reportedly departing from its pure-play stance with plans for a physical store in Kentucky.

    By Aug. 3, 2018
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    Rent the Runway
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    Rent the Runway snags $200M in new financing

    The money will reportedly go toward expanding the fashion-rental startup's assortment and logistics.

    By Aug. 3, 2018
  • Brandless snags another $240M in investments

    The private-label consumer products retailer will use the money to expand its assortment and its operations.

    By Aug. 2, 2018
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    Retrieved from Kroger on August 01, 2018
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    Skip the store: Kroger unveils direct-to-consumer grocery marketplace

    The company's Ship service will launch in four cities and offer more than 50,000 shelf-stable and bulk products, with free delivery on orders over $35.

    By Jeff Wells • Aug. 2, 2018
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    Retrieved from Target on November 14, 2017
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    Target to drop Champion activewear line

    The retailer is ditching a longstanding brand that is on the rise, and could be working on its own private label.

    By Aug. 2, 2018
  • Brookstone files for bankruptcy with plans to sell itself

    As it seeks a buyer, the retailer of gadgets and novelties plans to shut down its remaining 101 mall stores in Chapter 11 — its second in about four years. 

    By Aug. 2, 2018
  • Container Store raises guidance on Q1 sales surprise

    The turnaround traction evident in its previous quarter continues apace.

    By Aug. 1, 2018
  • Deep Dive

    10 retailers at risk of bankruptcy: Q2 update

    More than half a dozen retailers have filed for bankruptcy in 2018, pointing to more struggles ahead. With data from CreditRiskMonitor, we looked at companies that may be vulnerable.

    By Aug. 1, 2018
  • J. Crew opens NYC men's shop

    The new location in Brooklyn's thriving Dumbo neighborhood includes a six-chair barbershop.

    By Aug. 1, 2018
  • Under Armour VP of global brand management departs

    Adrienne Lofton led the brand's latest and largest-ever campaign in terms of global reach and investment, and some reports say she's headed for Nike.

    By Erica Sweeney • Aug. 1, 2018
  • Retail execs are getting their best bonuses in years

    The fortunes of retail leaders have been buoyed by strong company earnings, but that's being fueled more by tax cuts than by consumer confidence, one analyst warns.

    By Aug. 1, 2018
  • Furniture seller Heritage Home files for bankruptcy

    The furniture maker and retailer faced years of declining sales and cash crunches before filing for Chapter 11 with plans to auction off its pieces.

    By July 31, 2018