Financial News: Page 225
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Macy's doubles down on stores with 'Growth 50' strategy
With most of its massive footprint reduction behind it, Macy's is now working on fixing up those that are left.
By Daphne Howland • Feb. 28, 2018 -
TJX shakes off slowdown with 16% sales spike
The off-price retailer flew past expectations for Q4, posting strong top-line and comparable sales growth, which could put to rest concerns about the company's missteps last year.
By Ben Unglesbee • Feb. 28, 2018 -
Walmart unveils new private-label apparel lines
The retail giant is in the midst of a style revamp in apparel and home that is clearly aimed at appealing to younger, more urban consumers.
By Daphne Howland • Feb. 28, 2018 -
Amazon’s conversion-friendly AR view lands on Android
Users of the immersive in-app feature on iPhones are more likely to purchase viewed home furnishing items, according to the e-commerce giant.
By Chantal Tode • Feb. 27, 2018 -
Tech startup launches scalable Amazon Go-like system
AiFi, which uses computer vision to track shoppers and process orders, will unveil a 50,000 square-foot pilot store in partnership with a major grocery retailer later this year.
By Jeff Wells • Feb. 27, 2018 -
Casper opens first standalone store
The online mattress seller is moving beyond partnerships with physical retailers and opening a store in New York City.
By Daphne Howland • Feb. 27, 2018 -
Charlotte Russe upgraded after shedding debt
The teen retailer persuaded lenders to eat tens of millions of dollars in debt in exchange for company stock, but it still operates in a tough environment for specialty retail.
By Ben Unglesbee • Feb. 27, 2018 -
Macy's needs to 'engineer' a miracle
Store closures are paying off, and both the Bluemercury and Backstage units have serious potential, but Macy's will have to work hard to keep it going.
By Daphne Howland • Feb. 27, 2018 -
Dillard's crushes expectations as sales rise 6%
The company posted a heady profit increase and respectable comparable sales, but one analyst said the retailer is still in danger of irrelevance.
By Ben Unglesbee • Feb. 27, 2018 -
Harry's reportedly won't renew lease on NYC Corner Shop
Letting the quaint barbershop go may be more a sign of the brand's ambition than soft demand for its products.
By Daphne Howland • Feb. 27, 2018 -
Nordstrom deepens ties with fashion blogger Arielle Charnas
A new brand launching this fall takes its name from Charnas' "Something Navy" blog and follows a successful capsule collection three years ago.
By Daphne Howland • Feb. 27, 2018 -
Taking the fight to Amazon, Sam's Club partners with Instacart
The partnership increases the club retailer's e-commerce footprint as it refocuses in the wake of 63 store closures.
By Cathy Siegner • Feb. 26, 2018 -
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99 Cents Only names new CEO
Chief Merchandising Officer and former Walmart grocery head Jack Sinclair has taken over for retiring Geoffrey Covert.
By Ben Unglesbee • Feb. 26, 2018 -
Aeon, SoftBank, Yahoo Japan reportedly tee up partnership
Three major Japanese retail companies may align to defend their turf from Amazon.
By Dan O'Shea • Feb. 26, 2018 -
Shoptalk launches VC program for retail tech startups
The retail tech conference producer partnered with Commerce Ventures in a new venture capital program for retail and e-commerce technology startups.
By Dan Alaimo • Feb. 26, 2018 -
Nordstrom family reportedly near take-private offer
Wall Street's retail jitters killed go-private talks last year, but now the group wanting to buyout the upscale department store is close to finalizing and presenting its offer, Reuters reports.
By Ben Unglesbee • Feb. 26, 2018 -
Opinion
Walmart hits an e-commerce road bump. What's next?
The retailer's recent news does not bode well for the Doug McMillon and Marc Lore relationship, nor the larger industry, writes Christopher Walton, former vice president of Target's Store of the Future.
By Christopher Walton • Feb. 26, 2018 -
JD extends physical presence in China with new investment
The e-tailer has purchased a stake in the Better Life chain as it jockeys with Alibaba for the hearts, minds and wallets of Chinese consumers.
By Daphne Howland • Feb. 26, 2018 -
J. Crew stores to feature Madewell shop-in-shops
The struggling retailer has been leaning on the smaller brand, and could be forging a closer tie between the two to reinvigorate sales at the flagship.
By Daphne Howland • Feb. 26, 2018 -
Batteries Plus Bulbs plans 50-store expansion
The retailer is leaving wow factors like virtual reality behind, staking the past 29 years of growth on the idea that customers want to get what they need quickly and easily.
By Daphne Howland • Feb. 23, 2018 -
Target debuts Cat & Jack baby box subscription service
These days nearly everyone is getting into the subscription game, and it's Target's turn to play with one of its most popular private label brands.
By Corinne Ruff • Feb. 23, 2018 -
Lowe's launches employee pre-apprenticeship program
The home improvement retailer is testing the "Track to the Trades" program in four cities and plans to expand nationwide later this year.
By Daphne Howland • Feb. 23, 2018 -
Wayfair sales rise 48%, but losses widen
The online furniture seller is grabbing market share, but profits remain elusive and shares sank 23%.
By Daphne Howland • Feb. 23, 2018 -
Amazon Go reportedly plotting 6 more stores
After just a month open to the public, the early success of the cashier-less concept may spur more locations in Seattle and Los Angeles, sources told Recode.
By Corinne Ruff • Feb. 22, 2018 -
Deep Dive
Toys R Us could close more stores or liquidate
The toy retailer needed a win over the holidays, but missed — big time. Now, the company is reportedly mulling hundreds more store closures and is at risk of shutting down entirely.
By Ben Unglesbee • Feb. 22, 2018