Financial News: Page 224


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    Megan Poinski
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    Giant Eagle nails down co-location deal with Ace Hardware

    The new partnership will place branded hardware outlets inside four of the grocer's stores, with the first one set to open this summer.

    By Cathy Siegner • April 12, 2018
  • UPDATE: Bon-Ton may be headed for liquidation after losing key bid condition

    A federal bankruptcy judge nixed a proposal to pay an investor group $500,000 as part of a buyout agreement to keep the retailer going. But the parties are still interested, The Wall Street Journal reports.

    By April 11, 2018
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    Retrieved from Asos on January 29, 2018
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    Asos boosts investments as sales soar 27%

    As Asos celebrates a new milestone — 1 billion site visits — CEO Nick Beighton said the company needs to keep the momentum going.

    By April 11, 2018
  • Retail defaults hit an all-time high in early 2018

    Moody's analysts said that the nine retail defaults are already in range of last year's totals, and single-month defaults in March and February were the most in 20 years. 

    By April 11, 2018
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    Billie
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    Startup subscription service Billie raises $6M

    The female-focused competitor to Harry's and Dollar Shave Club held a second funding round to meet growing consumer demand.

    By April 11, 2018
  • Adidas takes on equal pay with #20PercentCounts

    The company's flagship Adidas and Reebok brands are joining the likes of Lyft and P&G to raise awareness of the consequences of gender and racial pay disparities.

    By April 11, 2018
  • Brookstone opens up stores to inventors

    The gadget retailer is partnering with store analytics firm RetailNext to help makers and entrepreneurs develop new products.

    By April 11, 2018
  • Ikea planning for a city-dominated world

    The Swedish furniture giant is planning for a reality where more people have tighter budgets and smaller spaces, CEO Jesper Brodin told Bloomberg this week.

    By April 11, 2018
  • Whole Foods and Walmart expand home delivery to new cities

    Amazon Prime Now delivery is now available at Los Angeles-area Whole Foods stores, while Walmart announced a deal with Postmates for delivery in North Carolina. 

    By Jeff Wells • April 10, 2018
  • Mattel to shutter New York office

    The move, part of an ongoing $650 million cost savings plan, will affect roughly 100 employees.

    By April 10, 2018
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    Sephora
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    Sephora buoys LVMH with 'rapidly' growing online sales

    The upscale retail conglomerate posted significant gains in all segments, but there may be headwinds coming down the pike.

    By April 10, 2018
  • Bon-Ton has a bid in hand from mall operators

    The bid, for at least $128 million in cash, would keep the department store retailer operating — but it could face a competing bid from bondholders who want to liquidate Bon-Ton's assets.

    By April 10, 2018
  • REI to enforce sustainability standards for vendors

    By 2020, the outdoors retailer said that the more than 1,000 brands it sells must follow newly released product sustainability standards.

    By April 10, 2018
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    Best Buy
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    Best Buy to open first store in 7 years

    The big-box retailer would not comment on whether there are more to come.

    By April 10, 2018
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    Getty Images
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    Deep Dive

    Mergers and acquisitions expected to heat up this year

    The annual study from A.T. Kearney found that while deal volume and value dropped in 2017, political events and consumer trends point to more global mergers and acquisitions.

    By Cathy Siegner • April 10, 2018
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    Nordstrom
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    Deep Dive

    Sneak peek: Nordstrom opens in NYC with first-ever men's store

    Nordstrom's new men's store raises the retail bar with a modern blend of merchandise, technology and cutting-edge service.

    By Lara Ewen • April 9, 2018
  • Deep Dive

    Can Amazon and its marketplace rivals fix their counterfeits problem?

    Counterfeiting could soon be a $1 trillion criminal enterprise. As fakes proliferate online, the government is taking notice and brands are taking their arguments public — and to court.

    By April 9, 2018
  • Nine West wins $300M bankruptcy loan and a bid for flagship brand

    Authentic Brands, which recently picked up Nautica, has offered $200 million for Nine West's flagship intellectual property, while the remaining business would be taken over by lenders. 

    By April 9, 2018
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    Deep Dive

    What the online tax debate means for Amazon marketplace sellers

    As the U.S. Supreme Court prepares to hear oral arguments in the case, sellers on the e-commerce marketplace fear there may be implications.

    By April 9, 2018
  • Levi's hits LVMH-owned Kenzo with trademark lawsuit

    The iconic jeans maker said that Kenzo's new Britney Spears collection in particular is a violation of a trademark it has owned for over a century.

    By April 9, 2018
  • Retail jobs slump in March

    The industry is still leading all sectors in job cuts, with 56,526 so far this year, according to labor report from Challenger, Gray & Christmas.

    By April 9, 2018
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    UPDATE: 'This is what a trade war looks like' NRF says

    President Donald Trump on Thursday escalated tensions with China by saying the U.S. would consider additional tariffs on $100 billion of Chinese goods.  

    By April 6, 2018
  • UPDATE: Nine West files for bankruptcy

    The women's shoe and fashion retailer had been preparing a plan with creditors that would sell its namesake brand property to Authentic Brands, Reuters reported. 

    By April 6, 2018
  • Anthropologie chief to depart Urban Outfitters

    Hillary Super and Andrew Carnie will take over for David McCreight, who is leaving the brand after six years.

    By April 6, 2018
  • Amazon adding new fulfillment center in Las Vegas

    The 1,000 full-time workers to be employed there will likely be working beside robots as Amazon seeks to make its fulfillment operations more efficient.

    By April 6, 2018