Financial News: Page 217


  • PetSmart hires new CEO

    Academy Sports + Outdoors' J.K. Symancyk has a few issues to grapple with, including the pet supply retailer's debt and losses at its Chewy e-commerce site.

    By May 24, 2018
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    Megan Poinski
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    Kroger buys meal kit maker Home Chef for $200M

    The deal includes $500 million in additional incentives if the kit company hits performance goals around online and in-store sales.

    By Jeff Wells • May 24, 2018
  • Best Buy stokes growth despite mobile store closures

    The electronics retailer is proving that its stores are important even in an era when digital sales are accelerating.

    By May 24, 2018
  • Tiffany blooms with millennial-focused Paper Flowers

    The iconic jeweler is ready for growth in a more favorable macro environment as new designs resonate with young and old customers alike.

    By May 24, 2018
  • L Brands' profits fall as Victoria's Secret fights to keep customers

    The Victoria's Secret push-up is getting serious push-back, and the brand hasn't adjusted its marketing to evolving consumer tastes.

    By May 24, 2018
  • Kohl's boosts margins with 7% inventory reduction

    The retailer's omnichannel strategy involves leveraging its stores as fulfillment centers, serving online orders while driving foot traffic to brick-and-mortar stores.

    By Shefali Kapadia • May 23, 2018
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    Retrieved from Target on November 14, 2017
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    Traffic to Target stores strongest in 10 years

    It's been an expensive quarter for Target with significant spend on stores and digital fulfillment, but the investment appears to be paying off with customers.

    By May 23, 2018
  • Toy mogul drops his bid to save Toys R Us in the US

    Isaac Larian made a passionate case for saving a downsized version of the toy retailer's domestic operations, but came up short against creditor demands. 

    By May 23, 2018
  • Ralph Lauren is still struggling in North America

    The brand may need to take a more nuanced approach to its pullback from department stores and off-price retailers, analysts say.

    By May 23, 2018
  • Deep Dive

    Will J.C. Penney's turnaround ever end?

    More than half a century ago, the department store retailer anchored itself to the American mall. But customers have moved on, and so has the CEO. 

    By May 23, 2018
  • Urban Outfitters records positive sales at every brand

    This quarter marked the first in four years when Urban Outfitters' store comps have been positive overall and at each of its brands, executives said.

    By May 23, 2018
  • Massive Miami-Dade mall to be the largest in the US

    "American Dream Miami" would eclipse the Mall of America in size and scope, and could help re-invent shopping centers for a new era.

    By May 23, 2018
  • Adobe to acquire commerce platform Magento

    The deal, priced at $1.68 billion, is aimed at creating a comprehensive e-commerce platform that would integrate B2B and B2C customer experiences.

    By May 22, 2018
  • Best Buy rolls out Geek Squad subscription

    Best Buy is revitalizing the service by adding a full-year subscription plan to help customers with all their technology needs.

    By May 22, 2018
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    Getty Images
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    Amazon breaks into Fortune 500's top 10

    Walmart topped the list once again and marked the first time a company on the magazine's list has topped $500 billion in revenue.

    By May 22, 2018
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    Justin Bridges for Saks Fifth Avenue
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    Saks moves beauty sales to 2nd floor of NYC flagship

    Department stores are updating how they approach key categories to better compete with an onslaught of competitors.

    By May 22, 2018
  • TJX sales up 12% on strong customer traffic

    New CEO Ernie Herrman said the company could grab even more market share as comps in the Marmaxx division increase 4%. 

    By May 22, 2018
  • J.C. Penney CEO leaving for Lowe's

    Marvin Ellison helped slow losses at the department store retailer and now returns to his roots (and greener pastures) as CEO of the home improvement chain.  

    By May 22, 2018
  • US hits pause on trade war with China

    Just last week, a number of retail trade groups and executives testified before the United States Trade Representative on the potential impact of proposed $50 billion in tariffs on China, which may still be on the table.

    By May 22, 2018
  • Kohl's gains solid footing as it chases millennials

    The discount department store is launching a new apparel collection in collaboration with PopSugar in an effort to draw in younger shoppers.

    By May 22, 2018
  • Sears brings in $425M in credit card deal with Citi

    The deal brings a much-needed influx of cash and adds another five years to Sears' agreement with Citi, which services cards tied to the retailer's Shop Your Way loyalty program. 

    By May 21, 2018
  • Whole Foods expands to housewares at NJ store

    Company executives say Plant & Plate, which will sell candles and other wares made locally, is not tied to its recent purchase by Amazon. 

    By Patti Zarling • May 21, 2018
  • Macy's revamps in-store beauty to challenge Sephora

    The department store retailer is finally dismantling its old-school, brand-siloed beauty sales approach.

    By May 21, 2018
  • Home Depot returns to Gartner's Top 25 with focus on omnichannel

    The retailer had fallen off the charts for three years, but bounced back strong with priorities on inventory and profits. 

    By Edwin Lopez • May 21, 2018
  • Academy Sports taps Foot Locker's Ken Hicks as CEO

    The industry veteran helped reverse Foot Locker's ailing fortunes as CEO from 2009 to 2014, and has more than three decades of merchandising, marketing and operational experience.

    By May 21, 2018