Financial News: Page 223
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Walmart debuts small-format store in China
Most everything in the new store can also be found on JD.com for fast delivery, and will challenge local supermarkets on price.
By Daphne Howland • April 3, 2018 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Hudson's Bay data breach among 'most damaging' in retail
The department store retailer's Saks and Lord & Taylor stores were hit with a massive security breach in their point-of-sale systems, adding to the company's ongoing woes.
By Dan O'Shea • April 2, 2018 -
Bon-Ton finds a potential buyer
The department store retailer extended bids ahead of a bankruptcy auction as it discusses a going-concern bid with a prospective buyer.
By Ben Unglesbee • April 2, 2018 -
China puts tariffs on $3B worth of selected US food exports
In the wake of newly announced high taxes on Chinese steel and aluminum imports, American farmers and producers had been nervously eyeing the Asian nation's plan to strike back.
By Cathy Siegner • April 2, 2018 -
Carbon38 plots first store and Neiman Marcus rollout
Since testing a pop-up shop near its headquarters in Los Angeles, the digitally native athleisure brand has announced plans to establish a permanent flagship.
By Daphne Howland • April 2, 2018 -
Report: Amazon targeting Gen Z with checking accounts
The e-commerce company is turning to JP Morgan Chase and Capital One to help snag the youngest generation's banking business, according to Bloomberg.
By Daphne Howland • April 2, 2018 -
Walmart reportedly in merger talks with Humana
As one of the largest private employers in the U.S., Walmart already works hard to rein in healthcare costs and has a lot of power in some markets.
By Daphne Howland • April 2, 2018 -
Column
Reporter's Notebook: A peek inside Amazon's exploding apparel operation
Retail Dive's Ben Unglesbee took a tour of Amazon's apparel fulfillment center to see the guts of the business in action.
By Ben Unglesbee • March 30, 2018 -
Restoration Hardware declares membership model 'a success'
The new program, which has invited much skepticism, provided 95% of the company's core business in the quarter, executives said.
By Daphne Howland • March 29, 2018 -
Hudson's Bay CEO: 'Things do need to change'
It's early days for Helena Foulkes' strategy, but she's looking to drive up same-store sales and capitalize on the strength in the luxury market at Saks Fifth Avenue.
By Daphne Howland • March 29, 2018 -
Deep Dive
Why Trump is 'obsessed' with Amazon
The company's stock lost roughly $31 billion in shareholder value Wednesday on an Axios report that the president may go after the retailer on taxes, antitrust and other issues.
By Corinne Ruff , Ben Unglesbee • March 29, 2018 -
Target, Aldi, Big Lots eyeing Toys R Us real estate
Nearly 60 of the retailer's stores are going up for auction this week, in a preview of what may come of the hundreds more set for liquidation.
By Ben Unglesbee • March 29, 2018 -
Barnes & Noble debuts book discovery social network and app
Brad Meltzer is the first to be featured in the app's "asked by an author" section, where readers can chat with writers and ask questions.
By Robert Williams • March 28, 2018 -
Walgreens on pace to shutter 600 US stores
Front-end sales continue to fall as pharmacy carries the chain to a 12% uptick in the fourth quarter.
By Daphne Howland • March 28, 2018 -
Office Depot shelves went without Sharpies after vendor spat
Newell Brands stopped shipments to the retailer over a dispute in how its products were marketed, according to a report in The Wall Street Journal.
By Daphne Howland • March 28, 2018 -
Lululemon poised for growth even without CEO
A more nimble website, fashion improvements and strong store operations gave the athleisure retailer a huge lift in the fourth quarter.
By Daphne Howland • March 28, 2018 -
Madewell pulls up J. Crew
The younger banner will have to scale fast, but J. Crew's bet on the fledgling brand is beginning to pay off.
By Daphne Howland • March 28, 2018 -
Nike readies test for ‘App at Retail’ to enhance store experience
The company also acquired analytics firm Zodiac to study customer lifetime value and ramp up personalization.
By Robert Williams • March 27, 2018 -
Short trips rise at Whole Foods stores with Amazon Lockers
According to inMarket, visits lasting between three and five minutes were up 11% at locations featuring the lockers, compared to 7% for stores without them.
By Jeff Wells • March 27, 2018 -
Walmart, Target poised to absorb lost Toys R Us sales
Vendors are left with hundreds of millions in unpaid bills — and one says Toys R Us accelerated purchases even knowing the end was near.
By Ben Unglesbee • March 27, 2018 -
Mall developers Brookfield and GGP to merge in $9.25B deal
The deal comes amid massive changes to the shopping center landscape, with closures uprooting anchors scrambling to reinvent the American mall.
By Daphne Howland • March 27, 2018 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
Clothes pile up at H&M stores, cutting into sales
The company is staking much of its future on its new brands, but some analysts say they're too small to move the needle much.
By Daphne Howland • March 27, 2018 -
Lowe's CEO to retire after 25 years with the company
Shares rose when the home improvement retailer announced it's searching for a successor to Robert A. Niblock.
By Daphne Howland • March 27, 2018 -
Jet taps Tesco grocery veteran as new president
With the hire of Simon Belsham, Walmart's e-commerce operation has signaled the importance of grocery to its long-term strategy.
By Ben Unglesbee • March 26, 2018 -
Amazon tops LinkedIn's best places to work list
Infamous perks of the tech world aren't the draw so much as good healthcare benefits and a chance to be at the cutting edge of a given market, according to LinkedIn's research.
By Daphne Howland • March 26, 2018