Financial News: Page 208
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Lug opens first retail store
The Oprah favorite has opened its first brick-and-mortar location at the Baltimore airport.
By Daphne Howland • June 11, 2018 -
J.C. Penney plots 650 Fanatics shop-in-shops
Quarter after quarter, the company's Sephora beauty concessions are one of the few bright spots — but new sports offerings may present a similar opportunity.
By Daphne Howland • June 11, 2018 -
Deep Dive
30 minutes with Bluemercury's co-founder
The luxury beauty brand has expanded dramatically since it was acquired by Macy's. But growing a business from within a retail behemoth presents unique opportunities and challenges.
By Corinne Ruff • June 11, 2018 -
Target scoops up exclusive partnership with Museum of Ice Cream
In July, pints inspired by the experience will be sold exclusively at Target, marking the concept’s first foray into another retailer’s space.
By Alicia Kelso • June 11, 2018 -
Eloquii banks on stores for growth
Eloquii has gone from a Limited castoff to growing fashion brand serving a niche shopper, online and in stores.
By Laura Heller • June 8, 2018 -
PetSmart reportedly hires debt advisers
With profits falling, competition heating up and credit facing downgrades, the pet retailer is looking to trim its debt load, according to Reuters.
By Ben Unglesbee • June 8, 2018 -
Sears online sales a fraction of department store peers
Sales volume through e-commerce channels is falling as customers generally show more reluctance to shop the Sears brand, new research shows.
By Ben Unglesbee • June 8, 2018 -
Eddie Bauer, PacSun combined under new operating company
The private equity firm will gain efficiencies from the move, but that doesn't mean it will do much else for either brand.
By Daphne Howland • June 8, 2018 -
7 ways Walmart is innovating with technology
From new mobile apps for both customers and employees to robots on the store floor, Walmart is using tech to best the competition.
By Laura Heller • June 7, 2018 -
Roots debuts sensory-driven store in continued US expansion
The new store is the first of its kind for the company, and focuses on customer experience and customization.
By Daphne Howland • June 7, 2018 -
Target launches another home brand in private label push
The new Made By Design line is part of a strategy helping drive up comparable sales and traffic.
By Corinne Ruff • June 7, 2018 -
J.C. Penney downgraded amid uncertainty over turnaround
Moody's dropped the department store chain's credit rating, citing poor operating performance and renewed anxiety over the company's ability to reverse course after the departure of its CEO.
By Ben Unglesbee • June 7, 2018 -
Five Below adds 33 more stores as sales surge 27%
The company isn't too worried about the fizzling of the fidget spinner craze, although that will hurt store comps in the next two quarters.
By Daphne Howland • June 7, 2018 -
Neiman Marcus extends sales streak
The debt-laden luxury store chain increased comparable sales by 6% in the previous period and marked three straight quarters of sales gains.
By Ben Unglesbee • June 6, 2018 -
Comcast debuts experiential Xfinity retail stores
The cable provider is making a bold brick-and-mortar play at a time when legacy retailers are shuttering their doors.
By Daphne Howland • June 6, 2018 -
Neiman Marcus launches 'Idea Factory' to drive store traffic
The concept is led by Ed Burstell, who returned to the department store in a newly created role to drive creativity and inspiration.
By Daphne Howland • June 6, 2018 -
Reformation turns to Nordstrom to widen reach
The brand this month also enlisted enterprise SaaS commerce platform Workarea for its e-commerce and tech-enabled retail stores.
By Daphne Howland • June 6, 2018 -
RILA competition aims to rethink retail for the circular economy
The tech competition, to take place in the fall, encourages university students to develop more sustainable concepts for the industry.
By Dan Alaimo, Corinne Ruff • June 6, 2018 -
Designer Kate Spade dead at 55
Spade and her husband Andy launched her eponymous brand in 1993, and the pop-colored, preppy sensibility of her handbags and shoes gained an enduring following.
By Daphne Howland • June 5, 2018 -
Longtime Starbucks exec Howard Schultz steps down from board
Schultz shepherded the coffeehouse from 11 Seattle stores in 1987 to a global juggernaut with more than 28,000 stores in 77 countries — now some say he's ready to run for president.
By Daphne Howland • June 5, 2018 -
Hudson's Bay to close Lord & Taylor flagship
The department store retailer is making dramatic moves to turn the luxury chain around, including closing up to 10 stores, as losses widen across the company.
By Ben Unglesbee • June 5, 2018 -
Walmart divests Brazil operations
The sale to a global private equity firm enables Walmart to focus more attention on its new Flipkart acquisition in India.
By Daphne Howland • June 5, 2018 -
Justice gives Ascena a ray of hope
The tween brand was the apparel conglomerate's only banner to pull in positive comparable sales in the most recent quarter.
By Daphne Howland • June 5, 2018 -
GameStop sales plummet as interim CEO steps in
The retailer recently tapped ex-Microsoft executive Shane Kim as a temporary chief while searching for a permanent leader.
By Daphne Howland • June 4, 2018 -
Walmart, Target, Kohl's see the light at the end of Toys R Us' tunnel
As the big box toy seller recedes from the U.S. market, major retail players are signaling plans to expand in the toy category well ahead of the holidays.
By Ben Unglesbee • June 4, 2018
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