Financial News: Page 223
-
Claire's close to filing for bankruptcy, report says
The ailing teen retailer is closing in on a deal for lenders to take it over in bankruptcy, according to Bloomberg.
By Ben Unglesbee • March 9, 2018 -
Neiman Marcus pegs sales gains on 'Digital First' strategy
Same-store sales at the department store retailer rose 6.7%, thanks to investments in digital, technology and marketing tools, the company said.
By Daphne Howland • March 9, 2018 -
FabFitFun opens downtown LA pop-up
The subscription service, which sends out boxes only four times a year, is hoping to get some quality face time with shoppers in a sector that struggles to retain customers.
By Daphne Howland • March 9, 2018 -
Nordstrom snaps up tech startups to fuel mobile shopping
The companies, BevyUp and MessageYes, are aimed at digital selling and conversational commerce, indicating a new focus for the retailer.
By Dan O'Shea • March 9, 2018 -
Toys R Us reportedly preparing to liquidate US business
Multiple news services are reporting that, failing to find a buyer or reach a deal with lenders in bankruptcy, the toy retailer might be forced to liquidate domestic operations.
By Ben Unglesbee • March 9, 2018 -
Alexa shopping chief rides out of Amazon, joins Uber
The e-commerce company had quite the week of departures, with execs leaving from two of its most high profile operations — Prime and voice.
By Daphne Howland • March 9, 2018 -
Best Buy's Geek Squad allegedly took money from the FBI
Best Buy confirmed to Retail Dive that its Geek Squad repair employees alert law enforcement when they "inadvertently" find child pornography, but says taking payment from the FBI is against their policy.
By Daphne Howland • March 9, 2018 -
Meijer plots 6 small urban stores by 2021
The operations aren't likely to move the needle for the big-box chain yet, but analysts say it's a smart move considering the untapped urban market.
By Daphne Howland • March 9, 2018 -
Deep Dive
The running list of 2018 retail bankruptcies
Retailers filed for bankruptcy at a record rate last year, and many in the industry think the pace could continue through 2018. Sears Holdings is the most recent to make our list.
By Ben Unglesbee , Cara Salpini , Kaarin Moore • Updated Nov. 21, 2018 -
Simon's The Edit expands with international boutique brands
The mall is initially opening up to Portuguese, Spanish, Italian and French brands that focus on accessories and beauty.
By Daphne Howland • March 8, 2018 -
Department stores are getting their mojo back
Well capitalized department store retailers are making good on initiatives to pump sales online and off, though laggards are still having trouble, according to a report from Moody's Investors Service.
By Daphne Howland • March 8, 2018 -
Costco enjoying a small boost from Sam's Club closures
The membership retailer increased sales by nearly 11% in its second quarter while e-commerce sales grew by nearly 30%.
By Daphne Howland • March 8, 2018 -
Deep Dive
A peek inside one of Target's newest small-format stores
The mass merchant is betting big that these stores will draw in customers in urban, suburban and college cities. But what's the key to making it work?
By Corinne Ruff • March 8, 2018 -
The Walking Company files second bankruptcy in 10 years
The shoe retailer went bankrupt in 2008 when rapid store expansion met with a recession. Faced with another sector downturn, it's trying to shed leases and reorganize.
By Ben Unglesbee • March 8, 2018 -
Abercrombie & Fitch plans to close 60 US stores in 2018
That's not necessarily as alarming as it sounds, and Abercrombie says the closures are part of a strategy to meet customers in all channels.
By Daphne Howland • March 8, 2018 -
Foot Locker to close 100 stores this year, and it's okay
The athletic footwear retailer is still figuring out its ideal brick-and-mortar footprint, but it’s on the right track, according to NPD Group’s Matt Powell.
By Daphne Howland • March 7, 2018 -
Ross sales increase 16%, but shares fall on soft guidance
Considering the off-price sector's advantages in good times and in bad, the retailer has plenty of potential, some analysts say.
By Daphne Howland • March 7, 2018 -
Dollar Tree's 13% sales growth not enough for Wall Street
The deep discounter increased earnings, same-store sales and its top line — to the tune of $6.36 billion — but fell short of analyst hopes on all counts.
By Ben Unglesbee • March 7, 2018 -
Deep Dive
At Target, it's the year of 'acceleration'
The mass merchant is making major competitive moves by boosting employee wages, rolling out free two-day shipping without a minimum and expanding its Drive Up program.
By Corinne Ruff • March 7, 2018 -
Fabletics parent prepping Rihanna lingerie line
TechStyle has long depended on celebrities to market its brands, and working with Rihanna can only bolster those efforts.
By Daphne Howland • March 7, 2018 -
Ascena falters as merchandise misses the mark
Despite declines and increased competition in the apparel space, CEO David Jaffe told analysts not to count out the brand's labels.
By Daphne Howland • March 6, 2018 -
Target's store and digital investments pay off
The mass merchant reported healthy growth online and in stores, with traffic up 3.2% and e-commerce climbing 29%.
By Corinne Ruff • March 6, 2018 -
Tower Records founder dies
Russ Solomon died on Sunday, awaiting a whisky refill and watching the Oscars broadcast with "a smart-aleck remark on his lips," the Sacramento Bee reports.
By Daphne Howland • March 6, 2018 -
Nordstrom rejects family offer as 'inadequate'
Unless family members can sweeten the pot, the department store is ending go-private discussions, and a family spokesperson declined to indicate what those prospects are.
By Daphne Howland • March 6, 2018 -
Allbirds sells special shoe collection only on Instagram
The brand is one of many beginning to sell exclusive products directly to consumers through social media.
By Robert Williams • March 5, 2018