Financial News: Page 208


  • Deep Dive

    WeWork goes to WeMRKT

    Coworking conglomerate WeWork's latest move expands its community-oriented approach into retail. But why?

    By Lara Ewen • July 31, 2018
  • Rent-A-Center focuses turnaround on store closures

    Closing stores helped push up comp sales and eliminate costs, but most of the company's turnaround will take place under cover of private ownership.

    By July 31, 2018
  • Amazon and other uncertainties are driving M&A

    Consumer expectations and Amazon's constant innovation are challenging many retailers and driving acquisitions, according to PwC's latest M&A report.

    By July 30, 2018
  • Deep Dive

    With Supervalu acquisition, UNFI gets a company in transition

    The combination will create a new wholesaling entity offering a wide variety of products, but both companies have significant challenges to overcome in order to make the deal work.

    By Jeff Wells • July 30, 2018
  • Walmart reportedly bringing Sprint to 700 stores

    The partnership could signal that the mobile company is better off in Walmart's locations than running its own stores.

    By July 30, 2018
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    Best Buy
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    Best Buy's head of US operations set to depart

    Shari Ballard, who spent 25 years with the electronics retailer, is credited with helping Best Buy win as rivals collapsed and Amazon gobbled up market share.

    By July 27, 2018
  • Walmart puts Capital One in its wallet with credit card deal

    The deal is meant to accelerate the retail giant's efforts to modernize payments and is a major blow to the business of Synchrony, Walmart's previous credit card partner, The Wall Street Journal reported.

    By July 27, 2018
  • GNC turns to private labels for growth amid turnaround

    The supplements retailer says its turnaround is making progress despite an uptick in competition in the market.

    By July 27, 2018
  • RadioShack plans 'express' shops in over 100 HobbyTown stores

    A new partnership with the hobby and toy retailer harkens back to the days when RadioShack was the go-to retailer for people building their own computers.

    By July 27, 2018
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    Getty Images
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    Amazon posts largest-ever quarterly profit

    In the e-commerce giant's second quarter, net sales rose 39% and the company's non-retail ventures were the main drivers.

    By July 27, 2018
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    Jeff Wells
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    UNFI to acquire Supervalu for $2.9B

    The move, which follows mounting pressure on the Minnesota-based company, expands UNFI's fresh business and gives it access to new markets.

    By Jeff Wells • July 27, 2018
  • Mattel slashes 2,200 jobs as it adjusts to life after Toys R Us

    The toy maker's declines were driven by the demise of Toys R Us, but executives said there's more potential to sell through other retailers.

    By July 26, 2018
  • Headshot of Under Armour Founder Kevin Plank
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    The image by Dcavalli is licensed under CC BY-SA 3.0
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    Under Armour stabilizes in North America

    Despite revenue growth of 8% in the most recent quarter, the company has a lot more to do if it's to turn its fortunes around in the sports market.

    By July 26, 2018
  • Deep Dive

    Nine West, Authentic Brands and the future of apparel retail

    Crippled by debt, Nine West went into bankruptcy this year. The company that bought the namesake brand has a flexible model that leaves it hungry for acquisitions. 

    By July 25, 2018
  • Wet Seal relaunches plus collection

    A year after being bought out of its second bankruptcy in two years, the SoCal teen apparel brand is attempting to survive as a pure-play online retailer.

    By July 25, 2018
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    Jeff Wells
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    Amazon expands Whole Foods delivery to New York, Florida

    The retail giant now delivers Whole Foods groceries to Prime members in two dozen cities across the U.S. 

    By Alicia Kelso • July 25, 2018
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    Lululemon
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    Lululemon steals Sephora exec to fill CEO spot

    After Laurent Potdevin's departure in February, the athletics retailer desperately needs a new CEO to reassert the brand's female-focused image.

    By July 25, 2018
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    Sephora
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    Sephora's innovation 'gathering speed' at LVMH

    The conglomerate has had a good year so far, with demand in China setting aside fears of a slowdown in Asia, but the company still holds concerns about the impact of tariffs.

    By July 25, 2018
  • Ivanka Trump brand is folding

    Donald Trump may have doomed his daughter's brand when he first announced his presidential bid.

    By July 24, 2018
  • Former Home Depot exec to join Ellison at Lowe's

    Joseph McFarland has more than 25 years of retail operations experience, working with Lowe's CEO Marvin Ellison at both J.C. Penney and Home Depot.

    By July 24, 2018
  • Brookstone reportedly searching for bankruptcy loan

    The merchant of oddball electronics could file for Chapter 11 if it finds a financial backer to take it through the process, The Wall Street Journal reports.

    By July 24, 2018
  • A Nike storefront in SoHo
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    Cara Salpini/Retail Dive
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    Nike to raise salaries after internal review

    The athletics retailer announced competitive pay adjustments for 10% of its employees, hoping to "support a culture in which employees feel included and empowered."

    By July 24, 2018
  • Ross unveils 30 more stores

    The new locations are part of the off-price retailer's plans to add 100 stores this year, even in the face of growing online apparel sales.

    By July 23, 2018
  • Walmart laying off 260 at optical plants

    Two years ago nearly 100 workers were laid off at its Dallas optical lab after the installation of automated equipment.

    By July 23, 2018
  • Five Below downgraded as Amazon looms

    Credit Suisse analysts say the company is "one of the most differentiated concepts in retail" but fear it may bump into competition from Amazon.

    By July 23, 2018