Financial News: Page 210


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    Google to invest $550M in JD.com in blow to Amazon, Alibaba

    The tech giant follows in the footsteps of Walmart and China's Tencent, becoming the latest player to invest in juggernaut JD.com.

    By June 19, 2018
  • Cirque du Soleil swings into shopping malls

    The circus troupe will launch the first in a series of indoor entertainment experiences next year in collaboration with real estate firm Ivanhoé Cambridge.

    By June 19, 2018
  • Deep Dive

    How long can the off-price retail party go on?

    The discount sector is still hot, but a good economy, the pressure to sell online and the decline of department stores bring new challenges. 

    By June 19, 2018
  • Holt Renfrew shells out $400M for department store updates

    Physical stores will always be the "cornerstone" of the Canadian department store retailer's business, but technology has a key role to play too.

    By June 19, 2018
  • Opinion

    More than a store – retail invests in people

    There are 42 million retail workers in the U.S. and it's time to showcase how the industry fosters growth in the workforce, writes RILA's Evan Armstrong.

    By Evan Armstrong • June 18, 2018
  • Report: Whole Foods' CEO Mackey has diminished role within the company

    The founder and maverick CEO now works alongside two Amazon executives and reports to Steve Kessel, the company's head of physical stores, according to an organizational chart viewed by CNBC.

    By Alicia Kelso • June 18, 2018
  • Rent-A-Center to sell itself, go private

    A week after the rent-to-own retailer said it would go forward alone with a turnaround, it announced a nearly $1.4 billion deal with a private equity firm.

    By Updated June 19, 2018
  • Global drugstore juggernaut to open 1,300 stores in 2018

    A.S. Watson's massive brick-and-mortar expansion entails opening a new store every seven hours.

    By June 18, 2018
  • One year later, has Amazon become the grocery disruptor everyone feared?

    The e-tailer has gradually made Whole Foods a destination for Prime members, but its broader impact on the industry has so far been underwhelming, observers say.

    By Jeff Wells • June 18, 2018
  • Zara betting on AI, big data to outflank competitors

    The push to incorporate technology is working: Last week, the fashion retailer's parent company, Inditex, posted record Q1 sales. 

    By Alex Hickey • June 18, 2018
  • Canada Goose expands in North America

    The upscale outdoor retailer is installing cold rooms in New Jersey and Montreal so that customers can better test out parkas.

    By June 18, 2018
  • Eddie Bauer names new president

    The outdoor apparel brand was recently combined with surf retailer PacSun as private equity firm Golden Gate seeks operational efficiencies.

    By June 18, 2018
  • A'gaci readies to exit bankruptcy in coming weeks

    The women's apparel retailer is set to leave Chapter 11 with 20 fewer stores as it looks to boost its e-commerce game.

    By June 15, 2018
  • Gap taps Billabong exec for flagship brand

    Neil Fiske has 20 years of brand-building and turnaround experience in specialty retailing, both as CEO of Billabong International and Eddie Bauer.

    By June 15, 2018
  • Rue21 puts post-bankruptcy team in place

    With a new CEO and new financial and marketing chiefs tapped this week, the teen apparel retailer now has a short window to turn things around.

    By June 15, 2018
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    Megan Poinski
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    Kroger exits Raleigh-Durham market amid intense competition

    The grocer plans to close 14 stores in the region, where it has operated since 1989. Eight of the locations will be converted to the Harris Teeter banner.

    By Alicia Kelso • June 15, 2018
  • May retail sales surge 6% over last year

    A robust U.S. economy is fueling consumer spending and e-commerce benefited the most, jumping 9% from 2017. But a looming deficit and trade war threaten growth.

    By June 15, 2018
  • Claire's posts sales gains as lenders fight over its future

    The bankrupt teen retailer said its company and concession stores are boosting revenue, while in court lenders are battling over the plan to bring Claire's out of Chapter 11.

    By Updated June 26, 2018
  • Lids debuts Times Square concept shop

    The hat retailer needs the refresh after a tough holiday season and an announcement by owner Genesco that it plans to sell the brand.

    By June 14, 2018
  • Joann unveils new concept store

    With a massive fleet and an increasing number of shoppers moving online, the crafts retailer appears to be branching out from a retail strategy that had mostly succeeded for 75 years.

    By June 14, 2018
  • Home Depot's solar deal with Tesla flames out

    Home Depot’s partnership for solar products is a casualty of job cuts at Tesla, and its drive to reach profitability this year.

    By June 14, 2018
  • Zara fights off currency blows with record Q1 sales

    Spanish fast-fashion company Inditex Group is making good on its new online-offline integration strategy.

    By June 14, 2018
  • Is Macy's about to reinvent the department store?

    With an investment this week in retail-experience startup b8ta and the acquisition of Story, the venerable retailer is poised to reclaim its position in retail’s avant garde. 

    By June 14, 2018
  • Big Lots, Ollie's snatch up Toys R Us store sites

    Retailers with large space needs posted winning bids at an auction of the bankrupt toy retailer's store locations this week. 

    By June 14, 2018
  • Macy's and b8ta partner to grow new concept shops

    The department store is also taking a minority stake in b8ta, which follows its acquisition last month of retail concept company Story.

    By June 13, 2018