Financial News: Page 227
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Pottery Barn Kids bringing wholesale business to the UK
The banner this autumn is launching concessions at the largest department store in the region, building on a partnership with UK department store John Lewis that Williams Sonoma Inc. began in 2015.
By Daphne Howland • March 22, 2018 -
Sears exchanges debt, freeing up millions
Analysts with Fitch still see massive cash burn ahead this year for the ailing department store chain.
By Ben Unglesbee • March 22, 2018 -
Five Below plots further expansion as sales soar
The discount retailer is dialing back expectations for this year considering its strong 2017.
By Daphne Howland • March 22, 2018 -
Claire's private equity owners come under fire in bankruptcy
An investment fund holding some of the teen retailer's debt said in court papers that Apollo Global Management has "exercised unfettered control over" Claire's that should be scrutinized.
By Ben Unglesbee • March 22, 2018 -
Deep Dive
Why is Lowe's struggling to turn shoppers into customers?
Traffic is booming, but conversions are falling. Does that mean the home improvement retailer's tech isn't all it's cracked up to be?
By Corinne Ruff • March 22, 2018 -
Sephora launches 30-day exclusives to drive traffic
The new products, part of the "First at Sephora" program, will bypass even the brand's own sites and stores, selling exclusively at Sephora for 30 days after each debut.
By Daphne Howland • March 22, 2018 -
Nordstrom to kick off men's store with Stadium Goods partnership
The new store, slated to open April 12 in New York City, will feature a sneaker-filled Stadium Goods concept space.
By Daphne Howland • March 22, 2018 -
Deep Dive
Walmart's Marc Lore: We're staying the course
In spite of a decline from 2017's e-commerce sales gains, it's business as usual for Walmart and Jet, with more acquisitions planned to win with millennials.
By Laura Heller • March 21, 2018 -
Nordstrom family's go-private effort is kaput
The founding family wasn't able to top an offer, which the department store's board earlier this month rejected as "inadequate."
By Daphne Howland • March 21, 2018 -
Amazon, AARP reportedly working on tech for seniors
The two companies have been in talks about how to improve technology for older Americans since 2015, according to CNBC.
By Daphne Howland • March 21, 2018 -
The Children's Place ties up with China's biggest kids apparel retailer
The move follows a strong fourth quarter — with sales growing more than 9% — and shows the children's apparel retailer still has plenty of room for further gains.
By Daphne Howland • March 21, 2018 -
KB Toys plots a comeback as Toys R Us collapses
As the toy retailer winds down operations, a business that revives old brands is trying to bring back defunct KB Toys — with Toys R Us employees.
By Ben Unglesbee • March 21, 2018 -
Retrieved from Walmart on March 21, 2018
Walmart opening FedEx Office locations in 500 stores
The companies piloted the effort in 47 Walmart stores in six states, and will expand in the next 24 months.
By Daphne Howland • March 21, 2018 -
Deep Dive
Why retailers are prioritizing private label
Whether it's to protect market share from Amazon or meet demands for uniqueness, more companies are building out proprietary lines, but it doesn't come without challenges.
By Corinne Ruff • March 21, 2018 -
Deep Dive
Glossier's customer obsession is about stirring up conversation
During a keynote at Shoptalk, CEO Emily Weiss highlighted social sharing as one of the company's biggest drivers of growth.
By Corinne Ruff • March 21, 2018 -
Deep Dive
Why Lowe’s is doubling down on AR for mobile
The company partnered with Google Tuesday to launch an augmented reality-enabled feature showcasing the spring collection on its mobile app.
By Corinne Ruff • March 20, 2018 -
Joann eyes maker movement with new business program
The 75-year-old company hasn't done much beyond its usual sales to cater to the environment ushered in by Etsy a decade ago, but that's changing with JOANN+.
By Daphne Howland • March 20, 2018 -
Amazon reportedly interested in some Toys R Us stores
The e-tailer is looking to expand its physical footprint with parts from the bankrupt toy giant, according to Bloomberg.
By Ben Unglesbee • March 20, 2018 -
Report: High turnover rate among top women in retail hurting the industry
The candidate pool for executive-level manager and C-suite positions at retailers and consumer brands is 83% white and 67% male, according to a new report from The Network of Executive Women.
By Daphne Howland • March 20, 2018 -
Retailers speak out against China trade sanctions
An open letter to President Donald Trump from 25 major retailers said the proposed tariffs would "punish American working families" and increase the cost of household basics.
By Daphne Howland • March 20, 2018 -
Walmart adding assembly services to 2,000 stores
The retail giant is partnering with odd-job network Handy to bring TV mounting and furniture assembly services, a move that comes as Walmart revamps its furniture offerings.
By Daphne Howland • March 20, 2018 -
Deep Dive
How Amazon Go went from press release to a real live store
Machine learning, computer vision and people are the secret sauce making Amazon Go go, executives said during a keynote at Shoptalk Sunday.
By Laura Heller • March 19, 2018 -
Claire's files for bankruptcy
The teen retailer entered Chapter 11 with a plan to reduce its debt load, inject new capital and let lenders take over a stake in the company.
By Ben Unglesbee • March 19, 2018 -
True Value announces buyout deal with private equity firm
If the deal is approved by members, it would end the hardware seller's days as a co-op, with retailers losing majority control in return for being able to cash in their equity.
By Ben Unglesbee • March 19, 2018 -
Authentic Brands snaps up Nautica from VF
This is the company's largest brand acquisition to date and will expand the Authentic Brands portfolio to nearly $7 billion in global retail sales, as VF continues to pare down its own stable.
By Daphne Howland • March 19, 2018
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