Financial News: Page 224
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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 Ben Unglesbee • April 11, 2018 -
Retrieved from Asos on January 29, 2018
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 Corinne Ruff • 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 Ben Unglesbee • April 11, 2018 -
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 Cara Salpini • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Corinne Ruff • April 10, 2018 -
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 Daphne Howland • 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 Ben Unglesbee • 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 Cara Salpini • April 10, 2018 -
Best Buy to open first store in 7 years
The big-box retailer would not comment on whether there are more to come.
By Daphne Howland • April 10, 2018 -
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 -
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 Ben Unglesbee • 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 Ben Unglesbee • April 9, 2018 -
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 Corinne Ruff • 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 Daphne Howland • 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 Daphne Howland • April 9, 2018 -
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 Corinne Ruff • 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 Ben Unglesbee • April 6, 2018 -
"Anthropologie store Americana at Brand shopping mall in Glendale, California" by Minnaert, Wikimedia Commons is licensed under CC BY-SA 3.0
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 Daphne Howland • 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 Daphne Howland • April 6, 2018