Financial News: Page 209


  • 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
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    Retrieved from Ebay on August 01, 2014
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    Ebay slashing 274 jobs amid rising costs

    The online marketplace is facing currency headwinds and tighter margins as it spends more to compete with Amazon.

    By July 20, 2018
  • Vans doing the heavy lifting at VF Corp

    The brand conglomerate seems to be finished right-sizing its brand stable, but Vans, with 35% growth, is the company's "only true strength," one analyst said.

    By July 20, 2018
  • Apparel retailers rank trade policy, tariffs as top business challenge

    As a trade war brews with China, the fashion industry is looking for alternate sourcing destinations, resulting in major supply chain shifts. 

    By Shefali Kapadia • July 19, 2018
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    Retrieved from Target on July 19, 2018
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    Target delivers same-day shipping to NYC metro area

    By the start of the holiday season, the mass merchant plans to make available same-day delivery via Shipt to most stores nationwide.

    By July 19, 2018
  • Toys R Us strikes deal with vendors to settle bankruptcy claims

    After supporting the toy retailer in bankruptcy, many vendors were left with millions in unpaid orders as Toys R Us moved to liquidate. 

    By July 19, 2018
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    Retrieved from Amazon on July 18, 2018
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    Prime Day boosts sales by 54% for large retailers

    Amazon raked in more than $4 billion by some estimates and helped others log huge sales — but smaller players were left behind.

    By July 19, 2018
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    Retrieved from Amazon on July 18, 2018
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    Deep Dive

    5 takeaways from Prime Day 2018

    The fourth annual summer holiday indicates private label and devices will be central to Amazon's Black Friday strategy.

    By July 18, 2018
  • Pirch names former Home Depot exec new CEO

    The innovative appliance retailer retreated from its expansion earlier this year after its high-touch, experiential stores failed to attract sales outside of its California home base.

    By July 18, 2018
  • Adidas 'ascendancy' in question as Nike steps up its game

    Wells Fargo analysts downgraded the athletic brand's stock as sales in Europe have declined and it faces surging competition, including in North America.

    By July 18, 2018
  • Petco debuts brick-and-mortar pet wellness concept

    The company acquired the PetCoach startup last year and is now bringing the formerly digital-only business to physical stores amid growing competition.

    By July 18, 2018
  • Kroger’s in-store app aims to simplify healthy food shopping

    OptUP lets customers score their groceries based on healthiness, scan and search for product alternatives and connect to digital carts for curbside pickup or delivery.

    By Robert Williams • July 17, 2018
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    Retrieved from Amazon on July 17, 2018
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    Amazon breaks Prime Day records despite site crashes

    The e-commerce giant's major summer sale, aside from being a lucrative sales day for the company, gives it a chance to wrestle with system weaknesses ahead of the big dance: the holidays.

    By July 17, 2018
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    Sleep-In@Nordstrom featuring Casper
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    Casper turns to Nordstrom in latest pop-up effort

    The mattress startup is working with Target and now the department store to expand its reach as it looks to corner the market on sleep.

    By July 17, 2018
  • Nine West reportedly looking to sell its remaining business

    Encouraged by the better-than-expected price tag at auction for its namesake and Bandolino brands, the company is working with Lazard to possibly unload its remaining fashion brands, sources told Reuters.

    By July 17, 2018
  • Gymboree tries for reboot as back-to-school season starts

    This time last year found the children's retailer in Chapter 11, driven there by an unsustainable debt load and falling sales.

    By July 16, 2018
  • Nike, Vogue collaborate on limited-edition sneaker line

    The first-ever Jordan collaboration for women are stamped with the magazine editor's signature AWOK, which stands for "Anna Wintour Okay."

    By Erica Sweeney • July 16, 2018
  • Five Below to open NYC flagship on 5th Avenue

    This store will be larger than the discount chain's usual locations, and it's part of the CEO's ambitions to end up with 2,500 locations nationwide.

    By July 16, 2018
  • June retail sales rise 0.3%, as e-commerce gained 1.3%

    But second quarter comp sales are set to disappoint, some analysts say, as apparel and department stores continue to struggle. 

    By July 16, 2018
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    Retrieved from Amazon on July 05, 2018
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    Amazon poised to grab half of online sales in the US

    As its more lucrative marketplace continues to dominate, Amazon also faces a backlash as some sellers fail to live up to customer service standards.

    By July 16, 2018
  • Victoria's Secret extends summer sale — but still gets no lift

    The lingerie brand is "broken," according to Jeffries analyst Randal Konik, and that spells serious trouble for owner L Brands.

    By July 13, 2018
  • Walmart mulls credit card switch

    The retailer's credit business is unlikely to carry the level of perks found at other retailers, and a switch could be tricky, as Costco found out two years ago.

    By July 13, 2018
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    Retrieved from Nike on July 12, 2018
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    New Nike concept store goes Live in LA

    Experiential doesn't mean the same for every brand, concept or customer. That's a lesson the retailer is taking to heart as it iterates on the future of direct-to-consumer stores.

    By July 12, 2018
  • CommerceHub taps former J.C. Penney exec as COO

    The supply chain network is looking to expand its relationships with retailers and add new products and capabilities. 

    By July 12, 2018