Financial News: Page 226
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Indochino to open 4 new stores this spring
The Canadian bespoke menswear company began in 2015 as a pure-play e-commerce retailer and has opened physical showrooms across North America since then.
By Daphne Howland • Feb. 22, 2018 -
Macy's is making merchandising strides in key apparel categories
The department store retailer is working to keep prices consistent, and is beating rivals to the punch in sub-categories like maternity and plus size, according to new research.
By Daphne Howland • Feb. 22, 2018 -
Target debuts 'eclectic' home brand Opalhouse
The big-box retailer is doubling down on what it has always done best — curated fashionable styles that don't break the bank — and private label is key.
By Corinne Ruff • Feb. 21, 2018 -
Tops Markets files for Chapter 11
A large debt load and increasing competition from the likes of Amazon and Walmart set the table for bankruptcy protection.
By Jeff Wells • Feb. 21, 2018 -
Deep Dive
Circuit City reboots online, but can it plug into the market?
The brand relaunched last week as an online-only operation, for now. But analysts are skeptical it will have the service model needed to differentiate from market leaders Best Buy and Amazon.
By Corinne Ruff • Feb. 21, 2018 -
Most retail employees receive no real training
Only a third of workers are provided formal training, and many of those don't find it improves their work or engagement very much, according to a recent study.
By Ben Unglesbee • Feb. 21, 2018 -
Guess co-founder to step down during board investigation
Paul Marciano won't be paid while a special committee of the board, with the help of lawyers, investigates accusations against him.
By Daphne Howland • Feb. 21, 2018 -
Home Depot poised to build on holiday boost
The home improvement retailer sold more decorations and accessories thanks to improved marketing and in-store execution, and analysts have high expectations for the year.
By Daphne Howland • Feb. 21, 2018 -
Headington buys another high-concept retailer
The Texas-based developer is doubling down on upscale, unique stores with its acquisition of Tenoversix, which sells curated apparel, home goods and art.
By Daphne Howland • Feb. 21, 2018 -
Walmart pummeled on slower e-commerce growth
Revenue, comps and traffic all increased at Walmart, but profits fell and digital disappointed as sales in the channel slowed compared with previous periods.
By Ben Unglesbee • Feb. 20, 2018 -
Gap brand CEO to leave
Gap Inc. acknowledged weakness in its namesake Gap brand and announced a new growth strategy last summer.
By Daphne Howland • Feb. 20, 2018 -
Albertsons acquires (the rest of) Rite Aid
The grocery chain said it's buying the remainder of the pharmacy retailer's stores not going to Walgreen's, creating a company with $83 billion in revenues.
By Jeff Wells • Feb. 20, 2018 -
Chinese pharma company grabs major stake in GNC
The move by Harbin Pharmaceutical Group could be a lifesaver for GNC, which has struggled in recent years.
By Daphne Howland • Feb. 20, 2018 -
Walmart revamping apparel brands in punch back against Amazon, Target
The push comes amid evidence that the retail giant has much to lose as Amazon grows its private-label apparel assortment.
By Daphne Howland • Feb. 20, 2018 -
J. Crew taps Starbucks digital exec
Adam Brotman is widely credited with spearheading the coffeehouse chain's mobile payment and loyalty innovations.
By Daphne Howland • Feb. 20, 2018 -
Amazon to pay disgruntled workers up to $5K to leave
"The Offer" is essentially a form of self-select weed out, where employees who are no longer invested in the job are given an incentive to quit.
By Valerie Bolden-Barrett • Feb. 16, 2018 -
Sears could squeeze out positive profit for Q4
But the ailing retailer's sales have continued down an abysmal path, even during a holiday season that lifted the department store sector.
By Ben Unglesbee • Feb. 16, 2018 -
FAO Schwarz to return with new stores and a New York flagship
The iconic toy retailer has plans for airport locations in the U.S. and Canada, and a series of stores in China.
By Daphne Howland • Feb. 16, 2018 -
H&M reveals e-commerce future
Executives asked for patience as they build online operations and new brands, but some investors are worried about the flagship.
By Daphne Howland • Feb. 16, 2018 -
Prime members drive Amazon apparel sales
Apparel shoppers see Amazon essentially as an online off-price retailer, expecting good value at less than full price, according to a new report.
By Daphne Howland • Feb. 15, 2018 -
Home Depot launches mobile job app for spring hiring
The home improvement retailer needs to fill more than 80,000 seasonal positions for spring.
By Daphne Howland • Feb. 15, 2018 -
J. Crew to partner with WeWork
The retailer will open pop-ups at several WeWork locations and host panel discussions with the shared office space company.
By Daphne Howland • Feb. 15, 2018 -
NRF: January's retail sales nearly as good as the holidays
The association paints a rosier picture than the Commerce Department, but 2018 promises much uncertainty for retailers as consumers face inflation, sluggish wages and heavy debt loads.
By Daphne Howland • Feb. 14, 2018 -
Ace Hardware sales climb 5% in 2017
The hardware co-op added millions in new sales from last year's acquisition of the Grommet as it also posts strong same-store sales and builds new locations.
By Ben Unglesbee • Feb. 14, 2018 -
Guess investigating 'allegations of improper conduct' against co-founder
Things are only getting worse for the brand, which announced that a special committee is looking into sexual harassment allegations against Paul Marciano, which he denies.
By Daphne Howland • Feb. 14, 2018