Financial News: Page 221


  • 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
  • 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 May 15, 2018
  • Image attribution tooltip
    Marine Layer
    Image attribution tooltip

    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 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 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 May 14, 2018
  • Image attribution tooltip
    Corinne Ruff
    Image attribution tooltip

    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 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 May 14, 2018
  • Image attribution tooltip Image attribution tooltip

    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 May 14, 2018
  • Image attribution tooltip
    Sephora
    Image attribution tooltip

    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 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 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 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 May 11, 2018
  • Image attribution tooltip
    Boon Supply Co
    Image attribution tooltip

    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 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 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 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 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 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 May 9, 2018