Financial News: Page 214
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"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples buys business solutions company HiTouch
Both Staples and rival Office Depot are elevating business services as office supply retail fades.
By Daphne Howland • June 27, 2018 -
B8ta snags $19M in funding round led by Macy's
The startup’s total funding to date is $39 million and the new infusion will help grow operations, including its new Macy's partnership.
By Daphne Howland • June 27, 2018 -
Supreme Court sides with American Express on swipe fees
Retail groups say the ruling is a huge loss to merchants, consumers and competition in the payments space.
By Corinne Ruff • June 26, 2018 -
Former Toys R Us CEO reportedly working to keep some US stores open
Jerry Storch is behind a bid by the buyer of the toy retailer's Canadian unit to potentially save hundreds of U.S. stores, according to Bloomberg.
By Ben Unglesbee • June 26, 2018 -
Amazon Prime savings expands to all Whole Foods stores
The online giant's discounts could double Whole Foods' customer base during the next five to 10 years, an RBC tech analyst told CNBC.
By Krishna Thakker • June 26, 2018 -
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 Corinne Ruff • June 26, 2018 -
Courtesy of Casper
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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • June 25, 2018 -
Courtesy of L'Oreal and Casino Group
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 Daphne Howland • 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 Ben Unglesbee • June 22, 2018 -
Courtesy of Purple
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 Daphne Howland • 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 Daphne Howland • June 22, 2018 -
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 Corinne Ruff • 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 Ben Unglesbee • June 21, 2018 -
Retrieved from Amazon on June 21, 2017
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 Corinne Ruff • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Dan Alaimo • 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 Ben Unglesbee • June 20, 2018 -
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 Corinne Ruff • June 20, 2018 -
Bruce Bennett via Getty Images
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 Daphne Howland • June 20, 2018
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