Financial News: Page 222
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With Walmart deal, DoorDash joins the grocery delivery cage match
The company, which had previously worked with restaurants, will deliver groceries to Walmart customers in Atlanta, with more markets to come.
By Jeff Wells • April 25, 2018 -
Deep Dive
In search of the real J. Peterman
"Seinfeld," Oprah, venture capital, bankruptcy: Catalog retailer John Peterman has endured everything the world has thrown at him. Can his company survive the digital era and the aging of its customers?
By Ben Unglesbee • April 24, 2018 -
Amazon warehouse workers reportedly relying on SNAP
The Intercept found that in five states the e-commerce giant was among the top 20 companies with employees who rely on food subsidies.
By Daphne Howland • April 24, 2018 -
Brookfield plans 'retail incubator' on New York's Bleecker Street
The company bought up properties in the Greenwich Village neighborhood for $31.5 million and plans a retail- and arts-based revitalization that includes e-commerce companies.
By Daphne Howland • April 24, 2018 -
Old Navy to open 60 new stores this year
That's double the more than 30 new Old Navy stores the company opened last year.
By Daphne Howland • Updated April 24, 2018 -
Target launches Hunter collaboration without signature boots
Target said it's looking into what happened — but it's a big miss considering Hunter's iconic status and the key role Target’s collaborations with major labels play in merchandise differentiation.
By Daphne Howland • April 23, 2018 -
Toys R Us has $100 million offer from rival for European units
The bankrupt toy retailer said toy chain Smyths has agreed to buy its stores in Germany, Austria and Switzerland.
By Ben Unglesbee • April 23, 2018 -
Sears CEO's hedge fund wants to buy Kenmore, home services units
In another twist in the long-running Sears saga, ESL Investments wants to snap up some of the most valuable remaining assets on the company's books.
By Ben Unglesbee • April 23, 2018 -
Local toy stores could see 'best year yet' after Toys R Us collapse
Toy manufacturers Hasbro and Mattel are taking a hit after Toys R Us' downfall, though.
By Daphne Howland • April 23, 2018 -
Kardashian clan shuttering all Dash boutiques
The sisters were divided over whether to sell the brand when they reportedly had an offer last year from a department store retailer.
By Daphne Howland • April 23, 2018 -
Private equity snaps up True Value
The deal means the end of True Value's retailer-member cooperative ownership.
By Daphne Howland • April 23, 2018 -
Net-a-Porter founder starts retail tech-focused VC firm
Natalie Massenet will be looking for another breakout start-up leading venture capital firm Imaginary Ventures.
By Dan O'Shea • April 20, 2018 -
Toys R Us has $236M baseline bid for Canadian unit
A Toronto-based financial firm has offered a bid to buy the bankrupt toy retailer's Canadian unit, but it makes no mention of preserving U.S. stores.
By Ben Unglesbee • April 20, 2018 -
Pier 1 struggles amid retailers 'replicating' its aesthetic
According to the company, other furniture retailers have begun copying popular merchandise and selling it at lower price points, leaving Pier 1 in a tight spot.
By Daphne Howland • April 20, 2018 -
Walmart testing more lax dress code
The retail giant is hoping to attract more workers in a tight market after bumping up its hourly pay and some benefits in January.
By Daphne Howland • April 20, 2018 -
Home Depot to add 1,000 tech jobs
Despite already being a leader in digital experience, Home Depot's latest move would increase the company's focus on technology.
By Dan O'Shea • April 19, 2018 -
What will Prime loyalty look like at Whole Foods?
The grocer is discontinuing its current rewards program on May 2, setting the stage for Amazon's membership platform to take over.
By Jeff Wells • April 19, 2018 -
Hudson's Bay replaces marketing chief after just 5 months
Bari Harlam was named chief marketing officer this week, replacing Milton Pappas, who had been appointed to the role in November.
By Daphne Howland • April 19, 2018 -
Casper plans brick-and-mortar push into Canada
Sales have reached $300 million, and are outpacing those south of the border, CEO Philip Krim told the Financial Post.
By Daphne Howland • April 19, 2018 -
Retrieved from Best Buy press office on April 18, 2018Deep Dive
And the winner of the latest Amazon-Best Buy deal is...
It's a win-win for both retailers, but Amazon needs this new deal more than Best Buy, analysts say.
By Daphne Howland • April 18, 2018 -
Amazon's app goes abroad with new international shopping feature
Consumers can browse more than 45 million items in their preferred language and currency and more easily move items through customs.
By Robert Williams • April 18, 2018 -
Bon-Ton hits the end of the road as judge approves liquidation
A bid by creditors and liquidators to wind down the retailer has a court's OK, setting in motion the end of the retailer's run.
By Ben Unglesbee • Updated April 19, 2018 -
Starbucks will close all stores for a day of racial bias training
The company, which bills itself as an ethical employer, was put on its back foot by what CEO Kevin Johnson calls the "reprehensible" arrest of two black men at one of its stores.
By Kathryn Moody • April 18, 2018 -
Nike loses second executive in two days
Greg Thompson, Nike's vice president of footwear, is the latest exec to walk out the door, preceded by Antoine Andrews, Trevor Edwards and Jayme Martin.
By Cara Salpini • Updated April 19, 2018 -
Toys R Us reportedly rejects toy maker's bid to save 200 US stores
Isaac Larian's $890 million bid to acquire the toy retailer's Canadian business as well as some domestic stores fell short at a Tuesday auction, according to the Wall Street Journal.
By Ben Unglesbee • April 18, 2018