Financial News: Page 213
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A late spring holds back Home Depot
The home improvement retailer will likely make up seasonal sales now that the weather is sunnier, but rising home prices and mortgage rates could hurt later.
By Daphne Howland • May 15, 2018 -
Sears explores sale of Kenmore, other units to CEO's hedge fund
The department store retailer's board has formed a special committee to negotiate asset sales with ESL Investments and potential third-parties.
By Ben Unglesbee • May 15, 2018 -
Marine Layer partners with photo project Lost & Found
Doug Walker spent 10 years tracking down the photographers responsible for images discovered at a California flea market, which inspired the new "Summer Rewind" collection.
By Daphne Howland • May 15, 2018 -
Lowe's now selling Craftsman
The partnership was first announced in October, and comes into effect just as Sears is considering a sale of the Kenmore brand.
By Daphne Howland • May 15, 2018 -
Shoe seller Rockport files for bankruptcy
After a messy separation from Adidas, the brand filed for Chapter 11 with a plan for a private equity firm to take over and possibly keep some stores open.
By Ben Unglesbee • May 14, 2018 -
Target tests more frequent, tailored deliveries to stores
The mass merchant's pilot aims to cut its replenishment cycle from days to hours while reducing overall inventory at stores, especially small-format ones.
By Corinne Ruff • May 14, 2018 -
Toys R Us CEO and other execs leave the company
Management and a majority of the bankrupt toy retailer's employees are set to leave on Monday as business operations wind down.
By Ben Unglesbee • May 14, 2018 -
US specialty apparel retailers can't quit discounts
Pressured by low-price competitors, specialty chains haven't yet been able to break the discount cycle.
By Daphne Howland • May 14, 2018 -
Sephora expands clean beauty label
The specialty beauty retailer broadened the list of "formulated without" ingredients and increased the number of brands sold under the label.
By Cara Salpini • Updated July 15, 2019 -
Gamestop CEO abruptly leaves after just 3 months
Michael Mauler had been a longtime executive at the video game retailer and was a natural choice to lead its ongoing growth strategy. He is now leaving for "personal reasons."
By Daphne Howland • May 14, 2018 -
Deep Dive
The clock is ticking for Ascena
Debt, stores, brands — does the apparel conglomerate have too much of too many things?
By Daphne Howland • May 11, 2018 -
Amazon reportedly forms Alexa health team
The e-commerce giant continues to expand on the applications for AI and smart devices within the home.
By David Lim • May 11, 2018 -
Costco posts robust 43% e-commerce jump in April
Although grocery makes up a small percentage of the company’s online business, the wholesaler continues to see strong results from its Instacart partnership as well as its own two-day service.
By Jeff Wells • May 11, 2018 -
Macy's may not be closing stores 'fast enough'
In a new report, Morgan Stanley analysts downgraded the department store retailer, praised off-pricers and said that retailers spending on e-commerce will see fewer gains.
By Ben Unglesbee • May 11, 2018 -
Boon Supply debuts 'buy to do good' e-commerce site
Serena & Lily founder Lily Kanter is combining her passion for home goods retail and doing good into one e-commerce site.
By Daphne Howland • May 11, 2018 -
Overstock still looking to spin off e-commerce business
CEO Patrick Byrne says an established retailer with strong brick-and-mortar and weak e-commerce would be the ideal suitor.
By Daphne Howland • May 11, 2018 -
Famous Footwear taps Disney executive
Molly Adams arrives at footwear and apparel company Caleres' biggest banner at a time when it's poised for growth.
By Daphne Howland • May 11, 2018 -
The Children's Place poised to win after Toys R Us liquidation
An analyst with B. Riley FBR thinks the children's apparel retailer and rival Carter's are poised to grab market share as the bankrupt retailer winds down.
By Ben Unglesbee • May 10, 2018 -
Sears extends partnership with Amazon as 'transformation continues'
"The reality is, transformation is an ongoing process and we are not done," said CEO Eddie Lampert.
By Laura Heller • May 9, 2018 -
Nordstrom exec flies to St. Louis to apologize for racial profiling incident
Similar events have thrown retailers like Starbucks into the spotlight in recent weeks while some question whether employee training programs are doing enough to counter racial bias.
By Corinne Ruff • May 9, 2018 -
Lord & Taylor parent reportedly hires advisers to revive ailing chain
Reuters reports that Hudson's Bay has brought in a consulting firm and investment bank to cut costs, make improvements — or perhaps even sell the business.
By Ben Unglesbee • May 9, 2018 -
Walmart's Uber and Lyft partnerships end
Uber is pulling back on its delivery service, while a test with Lyft in the Denver market failed to take off.
By Jeff Wells • May 9, 2018 -
Kohl's benefits from Amazon's in-store presence
The tie-up announced last year alarmed some analysts, but early results suggest it's giving the discount department store exactly what it wanted.
By Daphne Howland • May 9, 2018 -
Office Depot quarterly profit drops 65%
The office supplies retailer is shifting its core strategy from store sales to business services, the latter of which now accounts for 60% of total sales.
By Daphne Howland • May 9, 2018 -
Duluth Trading aiming for 100 stores in 5 years
The company has gone from being mostly a catalog retailer to 34 stores in two years — and expansion plans don't stop there.
By Daphne Howland • May 9, 2018