Financial News: Page 221


  • Sears online sales a fraction of department store peers

    Sales volume through e-commerce channels is falling as customers generally show more reluctance to shop the Sears brand, new research shows. 

    By June 8, 2018
  • Eddie Bauer, PacSun combined under new operating company

    The private equity firm will gain efficiencies from the move, but that doesn't mean it will do much else for either brand.

    By June 8, 2018
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    Laura Heller/Retail Dive
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    7 ways Walmart is innovating with technology

    From new mobile apps for both customers and employees to robots on the store floor, Walmart is using tech to best the competition.

    By Laura Heller • June 7, 2018
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    Roots
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    Roots debuts sensory-driven store in continued US expansion

    The new store is the first of its kind for the company, and focuses on customer experience and customization.

    By June 7, 2018
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    Retrieved from Target on June 07, 2018
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    Target launches another home brand in private label push

    The new Made By Design line is part of a strategy helping drive up comparable sales and traffic.

    By June 7, 2018
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    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
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    J.C. Penney downgraded amid uncertainty over turnaround

    Moody's dropped the department store chain's credit rating, citing poor operating performance and renewed anxiety over the company's ability to reverse course after the departure of its CEO.

    By June 7, 2018
  • Five Below adds 33 more stores as sales surge 27%

    The company isn't too worried about the fizzling of the fidget spinner craze, although that will hurt store comps in the next two quarters.

    By June 7, 2018
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    Montgomery County Planning Commission
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    Neiman Marcus extends sales streak

    The debt-laden luxury store chain increased comparable sales by 6% in the previous period and marked three straight quarters of sales gains. 

    By June 6, 2018
  • Comcast debuts experiential Xfinity retail stores

    The cable provider is making a bold brick-and-mortar play at a time when legacy retailers are shuttering their doors.

    By June 6, 2018
  • Neiman Marcus launches 'Idea Factory' to drive store traffic

    The concept is led by Ed Burstell, who returned to the department store in a newly created role to drive creativity and inspiration.

    By June 6, 2018
  • Reformation turns to Nordstrom to widen reach

    The brand this month also enlisted enterprise SaaS commerce platform Workarea for its e-commerce and tech-enabled retail stores.

    By June 6, 2018
  • RILA competition aims to rethink retail for the circular economy

    The tech competition, to take place in the fall, encourages university students to develop more sustainable concepts for the industry.

    By Dan Alaimo, Corinne Ruff • June 6, 2018
  • Designer Kate Spade dead at 55

    Spade and her husband Andy launched her eponymous brand in 1993, and the pop-colored, preppy sensibility of her handbags and shoes gained an enduring following.

    By June 5, 2018
  • Longtime Starbucks exec Howard Schultz steps down from board

    Schultz shepherded the coffeehouse from 11 Seattle stores in 1987 to a global juggernaut with more than 28,000 stores in 77 countries — now some say he's ready to run for president.

    By June 5, 2018
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    "Lord and Taylor" by JJ is licensed under CC BY-ND 2.0
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    Hudson's Bay to close Lord & Taylor flagship

    The department store retailer is making dramatic moves to turn the luxury chain around, including closing up to 10 stores, as losses widen across the company. 

    By June 5, 2018
  • Walmart divests Brazil operations

    The sale to a global private equity firm enables Walmart to focus more attention on its new Flipkart acquisition in India.

    By June 5, 2018
  • Justice gives Ascena a ray of hope

    The tween brand was the apparel conglomerate's only banner to pull in positive comparable sales in the most recent quarter.

    By June 5, 2018
  • GameStop sales plummet as interim CEO steps in

    The retailer recently tapped ex-Microsoft executive Shane Kim as a temporary chief while searching for a permanent leader.

    By June 4, 2018
  • Walmart, Target, Kohl's see the light at the end of Toys R Us' tunnel

    As the big box toy seller recedes from the U.S. market, major retail players are signaling plans to expand in the toy category well ahead of the holidays. 

    By June 4, 2018
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    DSW reportedly ends sales of Ivanka Trump shoes

    The Ivanka Trump brand, which was dropped by several retailers last year, has refuted claims that DSW is no longer carrying the brand, according to Racked.

    By June 4, 2018
  • Ikea nixes plans for 3 US stores

    The Swedish furniture giant has put more resources behind e-commerce expansion and an experiment with smaller stores in urban areas.

    By June 4, 2018
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    Retrieved from Amazon on July 12, 2017
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    Amazon 'doesn't have private labels cracked,' report says

    The e-commerce giant is on pace to own more than 75% of all product searches online, while its own labels compete with other brands on the site, according to a new study by Jumpshot.

    By June 4, 2018
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    Retrieved from Walmart on June 01, 2018
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    As shareholder meeting ends, Walmart ponders retail's future

    "We're moving faster than ever before and moving fast has never been more important," Marc Lore, head of Walmart e-commerce, told a crowd of 14,000 associates on Friday.

    By June 1, 2018
  • Abercrombie continues to lean on Hollister for growth

    The company's loss narrowed in the first quarter as it kept an eye on expenses and bolstered sales, especially at its less expensive teen brand.

    By June 1, 2018
  • Dollar General's sales up 9%, but investors worry about price competition

    The deep discounter said that unseasonable weather hurt sales growth in the first quarter, but some analysts are looking down the road at Family Dollar and wondering if the sector is getting tougher.

    By June 1, 2018