Financial News: Page 209


  • Overstock to collect sales tax following SCOTUS decision

    Following the high court's landmark decision last week to strip a physical presence standard, the company said it will also begin expanding its physical footprint.

    By June 26, 2018
  • Casper
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    Courtesy of Casper
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    Casper continues push into Canada with Montreal pop-up

    A permanent location in the city will soon follow, and the mattress retailer has plans for a British Columbia store as well.

    By June 26, 2018
  • Deep Dive

    Inside the 20-year decline of Toys R Us

    Cost cuts, stressed employees, intercompany rivalries, dirty floors, dusty rafters, glitchy IT, fudged metrics: The people who ran the failed toy retailer's stores know what went wrong.

    By June 26, 2018
  • Nordstrom taps comedians in Anniversary Sale push

    The once-a-year midsummer tradition is all-important to loyal shoppers and more critically, to the department store's second quarter.

    By June 26, 2018
  • REI deepens investment to 'rewild' 5 American cities

    The outdoor retailer has donated $1.6 million since 2015 to expand and develop water paddling, hiking and cycling in nature near urban areas.

    By June 25, 2018
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    Courtesy of L'Oreal and Casino Group
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    L'Oréal reinvents the drugstore in Paris

    Working with French mass merchant Casino Group, the makeup brand is opening two new stores that offer beauty and wellness assortments and amenities aimed at city dwellers.

    By June 25, 2018
  • Hudson's Bay investor suggests it should mimic or 'join' Macy's

    The Canadian department store retailer's loudest activist investor is still displeased with performance, pointing to peers who seem to be getting things right. 

    By June 22, 2018
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    Courtesy of Purple
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    Purple expands to more Mattress Firm stores

    One mattress company is disrupting the other, but going into business together could solve problems for them both.

    By June 22, 2018
  • PacSun promotes exec to brand chief

    The move comes just a week after Eddie Bauer, which combined with PacSun in early June, named its own new brand president.

    By June 22, 2018
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    Alex Hickey
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    US Supreme Court clears the way for states to collect e-commerce sales tax

    The high court overturned "unsound and incorrect" precedent in its South Dakota v. Wayfair decision. 

    By June 21, 2018
  • David's Bridal downgraded as it looks to drop debt

    S&P analysts dropped the retailer's credit rating deep into junk territory as it grapples with looming debt maturities, and a heavily fragmented and competitive wedding sector. 

    By June 21, 2018
  • Amazon opens Prime Wardrobe to all US Prime members

    The service, which first launched in beta last June, allows customers to try before they buy — a popular, albeit costly trend for retailers.

    By June 21, 2018
  • Walmart marketing chief moves to Sam's Club

    Tony Rogers is reportedly moving over to take on the role of chief member officer, a newly created role, according to AdAge.

    By June 21, 2018
  • Puma names Jay-Z creative director amid revamp

    The brand has not only brought on the hip-hop star, but also rookie NBA players Marvin Bagley III, Deandre Ayton, Zhaire Smith and Michael Porter Jr.

    By June 21, 2018
  • Barnes & Noble loss widens amid 'aggressive' turnaround

    CEO Demos Parneros says the bookseller will debut smaller stores this fall and step away from coloring books and music.

    By June 21, 2018
  • Starbucks triples US store closures

    Faced with slowing comparable sales, the coffee giant is reassessing its U.S. footprint even as it pins a new growth strategy on both the U.S. and China.

    By June 21, 2018
  • Walgreens plans big tech office in downtown Chicago

    The Old Post Office was one of the sites offered to Amazon, but now Walgreens plans to consolidate and expand its tech operations in the landmark building.

    By June 20, 2018
  • 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 June 20, 2018
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    Sears
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    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 June 20, 2018
  • 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 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 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 June 20, 2018
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    Whitney Fox for L.L. Bean
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    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 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 June 20, 2018
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    Corinne Ruff
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    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 June 19, 2018