Financial News: Page 222


  • 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
  • J Peterman
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    Ben Unglesbee/Retail Dive
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    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 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 April 24, 2018
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    Wikipedia
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    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 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 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 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 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 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 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 April 23, 2018
  • Private equity snaps up True Value

    The deal means the end of True Value's retailer-member cooperative ownership.

    By 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 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 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 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 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 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 April 19, 2018
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    Casper
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    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 April 19, 2018
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    Retrieved from Best Buy press office on April 18, 2018
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    Deep 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 April 18, 2018
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    Getty Images
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    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 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 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 April 18, 2018