Financial News: Page 218


  • David's Bridal taps new CEO from within

    Before joining the struggling wedding apparel seller, Scott Key had led Gap Inc.'s successful Athleta athleisure brand.

    By May 21, 2018
  • J.C. Penney prevails on loss prevention manager's race discrimination claims

    An employee cannot prove discrimination by simply arguing that he was better qualified than the person who received the position he coveted, the court said.

    By Lisa Burden • May 18, 2018
  • Pier 1 downgraded as it works on turnaround plan

    A month after the company reported sales declines and a three-year, $60 million turnaround plan, analysts say it might not be enough to avoid the pressures of a hotly competitive sector.

    By May 18, 2018
  • Nordstrom execs don't expect large-scale store closings

    The company is profitable in all channels and is spending on innovations that could pay off in the long run, analysts say.

    By May 18, 2018
  • BJ's Wholesale Club readies to go public with IPO filing

    The club's private equity owners abandoned the idea last year, but haven't been able to sell the retailer.

    By May 18, 2018
  • Another Alexa exec ditches Amazon

    Amazon is in the crosshairs of tech exec poachers, but claims there is no "executive retention issue."

    By May 18, 2018
  • J.C. Penney gets burned by a cool spring

    Captured market share in appliances and toys weren't enough to help the department store retailer, which is struggling with apparel sales.

    By May 17, 2018
  • Macy’s expands mobile checkout, AR/VR furniture departments

    The company is adding VR furniture showrooms to 60 stores after the tech "significantly increased" transaction size and reduced returns.

    By Robert Williams • May 17, 2018
  • Walmart e-commerce growth rebounds

    U.S. online sales at the big-box retailer jumped 33%, up from a 23% increase last quarter. 

    By May 17, 2018
  • Image attribution tooltip
    Megan Poinski
    Image attribution tooltip

    Kroger partners with Ocado in a bet on the future of online grocery

    The Cincinnati-based retailer's agreement with the world’s largest online grocer will rapidly accelerate its automated fulfillment capabilities and position it to compete with Amazon and Walmart.

    By Jeff Wells • May 17, 2018
  • Avenue taps new brand chief

    Despite the opportunities in plus-size apparel, specialty retailers like Avenue have been faltering.

    By May 17, 2018
  • Image attribution tooltip
    Overstock
    Image attribution tooltip

    Overstock launches 17 new private label furniture lines

    The new merchandising comes as Overstock works toward selling itself, ideally to an established retailer whose online operations are behind the curve, said founder and CEO Patrick Byrne.

    By May 17, 2018
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Report: Amazon wraps up visits to 20 HQ2 finalists

    Finalists already feel the impact. If it is attractive to Amazon, then it is attractive to other companies. Newark, New Jersey, Philadelphia and Austin, Texas had an increase in inquiries from other companies looking for a base. 

    By Samantha Schwartz • May 17, 2018
  • Warby Parker rival Eyebobs opens first physical store

    The online eyewear retailer is just the latest e-commerce player to look toward brick and mortar for growth.

    By May 17, 2018
  • Deep Dive

    What does Amazon see in Sears?

    A recent deal with the e-commerce giant sent Sears' stock price soaring by nearly 20%, but critics are skeptical about whether it will be a saving grace.

    By May 16, 2018
  • Image attribution tooltip
    Retrieved from Walmart on May 16, 2018
    Image attribution tooltip

    Walmart to debut digital Lord & Taylor flagship within weeks

    The new fashion web mall will offer up two shops — one for everyday brands and the other for over 125 premium ones.

    By May 16, 2018
  • Toys R Us brand property going up for sale

    The liquidating toy retailer said more than 60 parties are interested in buying the company's intellectual property. 

    By May 16, 2018
  • Macy's thinks it has a 'winning formula' as it crushes in Q1

    The retailer blew past analyst expectations for the quarter, giving executives confidence in the department store's turnaround efforts.

    By May 16, 2018
  • Moody's boosts J. Crew on cost cuts and Madewell growth

    The retailer's turnaround is gathering steam, but J.Crew needs to bolster its flagship banner, according to Moody's Raya Sokolyanska.

    By May 16, 2018
  • April retail sales jump 0.4% as e-commerce climbs 9.6% from last year

    April continued the year's robust sales despite a cold spring in many parts of the country. But just four retailers are responsible for all the growth, according to Retail Metrics.

    By May 16, 2018
  • Walmart sourcing executive lands at Target

    William Foudy has more than 25 years of experience in the sourcing industry and has led international teams for brands including Adidas and Nike.

    By May 16, 2018
  • Lord & Taylor names former Macy's, Stitch Fix exec as President

    Vanessa LeFebvre most recently spent a year at Stitch Fix and created Macy's Backstage, but will her return to Hudson's Bay help the struggling department store chain?

    By May 16, 2018
  • Amazon Go stores are reportedly coming to San Francisco and Chicago

    As the cashierless concept expands, will the cost of its technology prove to be a barrier?

    By Alicia Kelso • May 15, 2018
  • Deep Dive

    Nordstrom, Starbucks incidents highlight retail's bias problem

    Apologies can only go so far, and a lack of concrete steps to address bias could be particularly damaging for brands that depend on a progressive image and high levels of customer service.

    By May 15, 2018
  • 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 May 15, 2018