Financial News: Page 209
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DSW reportedly ends sales of Ivanka Trump shoes
The Ivanka Trump brand, which was dropped by several retailers last year, has refuted claims that DSW is no longer carrying the brand, according to Racked.
By Daphne Howland • June 4, 2018 -
Ikea nixes plans for 3 US stores
The Swedish furniture giant has put more resources behind e-commerce expansion and an experiment with smaller stores in urban areas.
By Daphne Howland • June 4, 2018 -
Amazon 'doesn't have private labels cracked,' report says
The e-commerce giant is on pace to own more than 75% of all product searches online, while its own labels compete with other brands on the site, according to a new study by Jumpshot.
By Daphne Howland • June 4, 2018 -
As shareholder meeting ends, Walmart ponders retail's future
"We're moving faster than ever before and moving fast has never been more important," Marc Lore, head of Walmart e-commerce, told a crowd of 14,000 associates on Friday.
By Corinne Ruff • June 1, 2018 -
Abercrombie continues to lean on Hollister for growth
The company's loss narrowed in the first quarter as it kept an eye on expenses and bolstered sales, especially at its less expensive teen brand.
By Daphne Howland • June 1, 2018 -
Dollar General's sales up 9%, but investors worry about price competition
The deep discounter said that unseasonable weather hurt sales growth in the first quarter, but some analysts are looking down the road at Family Dollar and wondering if the sector is getting tougher.
By Ben Unglesbee • June 1, 2018 -
Ulta shrugs off department store challengers
The beauty retailer is set on its course of opening 100 stores per year and continues to resonate with key demographics, executives said.
By Daphne Howland • June 1, 2018 -
Costco again proves it's the 'retail poster child for consistency'
The membership retailer is keeping prices down and wages up while it protects e-commerce margins with careful online assortments.
By Daphne Howland • June 1, 2018 -
Lululemon bests estimates with 'mindful approach' to quality
The athleisure innovator seems to be shrugging off the competition it's attracted, posting huge surges in sales and profit in the first quarter.
By Daphne Howland • June 1, 2018 -
REI's Memorial Day sales outpaced average by 600%
The co-op retailer also attracted more market share in the outdoor retailing space as Walmart's smaller Moosejaw unit slipped.
By Daphne Howland • June 1, 2018 -
Meet Jetblack, Walmart's click-free shopping service for upper-income New Yorkers
The concierge shopping service is the first out of the gate for Walmart's Store No.8 incubator, and according to its founder Jenny Fleiss, is a game changer for busy urban parents and other retailer partners looking to grow sales.
By Laura Heller • May 31, 2018 -
PayPal acquires AI-driven predictive marketing company Jetlore
PayPal's latest acquisition shows it is looking beyond payments to make itself a more valuable partner for retailers.
By Dan O'Shea • May 31, 2018 -
Sears moves to close more than 70 stores as sales plummet
The department store retailer posted another large loss and a nearly 12% decline in comparable sales for its first quarter.
By Ben Unglesbee • May 31, 2018 -
Target expands same-day delivery across the Midwest
In just six months since acquiring same-day delivery darling Shipt, the service has been scaled to offer same-day delivery in over 90 markets.
By Corinne Ruff • May 31, 2018 -
Destination Maternity taps new CEO after board sweep
In the tug of war initiated by two activist investors, a new guard prevailed. Now, they'll have to deliver the maternity apparel retailer from the brink of bankruptcy.
By Daphne Howland • May 31, 2018 -
Nordstrom plots 2 more merchandise-free stores
If the expansion plays well in the Los Angeles market, cities like Manhattan could be next on the list.
By Corinne Ruff • Updated July 10, 2018 -
Claire's poised to close more than 130 stores in bankruptcy
While there's still time in the process to close more stores, it's already clear that the teen retailer is moving to close a significant fraction of its U.S. footprint.
By Ben Unglesbee • May 31, 2018 -
Dollar Tree suffering from 'weaker' Family Dollar
Acquired nearly four years ago, the Family Dollar side of the business saw sales fall 1.1% this quarter under better economic conditions.
By Daphne Howland • May 31, 2018 -
American Eagle posts 13th straight quarter of sales gains
The company is now applying the body positivity message found at its Aerie brand to the flagship apparel banner, in hopes that it creates growth there as well.
By Daphne Howland • May 31, 2018 -
J. Crew ekes out sales rise as Madewell skyrockets
The retailer's smaller sibling is breathing new life into the company, and the pressure is on to grow the brand fast.
By Daphne Howland • May 31, 2018 -
Walmart kicks off shareholders' meeting with focus on associates
The annual meeting kicked off with a series of announcements about workforce initiatives, in front of a cheering crowd of those very employees at an Arkansas arena.
By Laura Heller • May 30, 2018 -
'Refined' assortment fuels Dick's Q1 sales
Despite a cold spring and falling gun sales, the sporting goods retailer's shift to differentiated merchandise meant fewer discounts and cleaner inventory in the quarter.
By Daphne Howland • May 30, 2018 -
Target to open 3 small format stores in Seattle
The stores are part of an ongoing plan to construct 130 across the country by the end of 2019 in urban, suburban and college campus areas.
By Corinne Ruff • May 30, 2018 -
Consumer group protests Amazon, says 'Bezos needs a boss'
SumOfUs argues that separating the founder's roles as chief executive and board chairman would benefit Amazon shareholders.
By Daphne Howland • May 30, 2018 -
Sears CEO reports 'numerous' interested partners in asset sales
Eddie Lampert, through the hedge fund he runs, has found potential partners in a buyout of some of the retailer's most valuable remaining assets.
By Ben Unglesbee • May 30, 2018