Financial News: Page 224
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Target to invest $250M in Twin Cities store remodels
The 28 stores are just a few of the 325 set for a refresh before the end of the year.
By Corinne Ruff • March 5, 2018 -
Deep Dive
The Children’s Place and Gymboree: A tale of two specialty retailers
One invested in inventory technology, assortment and e-commerce. The other went bankrupt. What can the two children's apparel retailers teach retailers?
By Ben Unglesbee • March 5, 2018 -
Olay boosts engagement 20% with influencer skincare challenge
The beauty brand boosted awareness and Google searches, but missed an opportunity to drive sales on Walmart's website.
By Robert Williams • March 5, 2018 -
Dollar Tree, Dollar General running neck and neck in the dollar segment
E-commerce still isn't much of a factor, and ongoing price sensitivity will keep lower income shoppers flocking to dollar stores, according to Moody's.
By Daphne Howland • March 5, 2018 -
Love Your Melon to open first permanent location
The charity-focused beanie maker previously sold mainly through third-party retailers, but its own store won't be open most days of the month.
By Daphne Howland • March 5, 2018 -
QVC owner Liberty Interactive to rebrand as Qurate Retail Group
The repositioning is the "culmination of a multi-year evolution," according to the company, which will be led by QVC CEO Mike George.
By Daphne Howland • March 5, 2018 -
Target pairs up with Hunter, opens accelerator applications
Collaborations with on-trend brands and celebrities continue to shape the company's "cheap chic" reputation, and partnerships with startups may help keep the company ahead of competition.
By Daphne Howland • March 5, 2018 -
Retail defaults in 2018 could outpace last year
High debt, underinvestment, competition, changes in consumer spending and other factors that made 2017 abysmal for some retailers haven't gone away, according to S&P.
By Ben Unglesbee • March 2, 2018 -
Victoria's Secret trends miss continues to bedevil L Brands
Store traffic and sales are down at the lingerie brand, leaving an opening for even small players to disrupt a category it once ruled.
By Daphne Howland • March 2, 2018 -
J.C. Penney cuts 360 jobs as sales miss
The department store retailer is slashing jobs at its corporate and support offices as it posts another loss for the year and fourth quarter sales that disappointed Wall Street.
By Ben Unglesbee • March 2, 2018 -
Burberry taps designer Riccardo Tisci to replace Christopher Bailey
The designer is known for blending streetwear and luxury fashion, but can he make the brand more relevant to the luxury consumer?
By Daphne Howland • March 2, 2018 -
Deep Dive
Office Depot's big bet on BizBox
The retailer is transitioning from a supplier of office supplies to a supporter of small business with a brash 14-store test designed to serve millennial entrepreneurs.
By Laura Heller • March 2, 2018 -
Gap's Athleta takes the fight to Lululemon with over 20% sales growth
Old Navy remains the company's stalwart and the fulcrum of its growth strategy, but Athleta's sales are soaring.
By Daphne Howland • March 2, 2018 -
Nordstrom mum on go-private talks as sales swell
The department store will no longer report separate e-commerce and offline sales, thanks to what executives deemed a successful breakdown of channels.
By Daphne Howland • March 2, 2018 -
Walmart is closing the online grocery price gap with Amazon
A new study from Profitero finds a 1.8% price difference in the key category, further highlighting the fierce battle between the two industry titans.
By Dan Alaimo • March 1, 2018 -
Best Buy to close nearly 260 stand-alone mobile stores
As the electronics retailer winds down its mobile store fleet, it posted a massive sales rise at mainline stores.
By Daphne Howland • March 1, 2018 -
Kohl's brings Aldi to some stores as it makes 'sharp leap' in sales
The discount department store has added brands and tightened costs, making for a solid holiday performance. The only question is: Can Kohl's keep it up?
By Ben Unglesbee • March 1, 2018 -
Stitch Fix adds intimates to subscription box offer
The pure-play e-commerce company is under pressure to elevate lower-priced clothing, and intimates are an excellent place to start, analysts say.
By Daphne Howland • March 1, 2018 -
Deep Dive
How Target is building a digital future
From acquisitions to brand introductions, the retailer is building an online strategy that hinges on stores and is finally paying off, an executive said at the eTail West conference Wednesday.
By Laura Heller • March 1, 2018 -
Office Depot's B2B push shows favorable signs, but sales stall
The office supplies retailer is revamping its approach to cater to medium and small businesses, CEO Gerry Smith said on Wednesday.
By Daphne Howland • March 1, 2018 -
Walmart limits gun purchases to 21 and older
The retailer joins Dick's Sporting Goods and Kroger in self imposing gun control after the Florida high school shooting last month.
By Daphne Howland • Feb. 28, 2018 -
Lowe's sales fall nearly 2%, but it remains in a 'good position'
Even the opportunities from a robust housing market and the generally healthy economy are flowing mostly to Lowe's more successful rival, The Home Depot.
By Daphne Howland • Feb. 28, 2018 -
Toys R Us' UK unit begins liquidation
The British arm of the toy retailer couldn't find a buyer — and has begun an "orderly" unwinding process, according to the BBC.
By Ben Unglesbee • Feb. 28, 2018 -
Walmart's apparel push is just beginning
The company is focused on improving customer experience in apparel online and in stores, two company executives said at the eTail West conference Tuesday.
By Laura Heller • Feb. 28, 2018 -
Dick's to curtail gun sales in Field & Stream stores
The retailer, which had already pulled gun sales from Dick's Sporting Goods stores after the elementary school shooting in Sandy Hook, CT, is supporting tougher gun control legislation.
By Daphne Howland • Feb. 28, 2018