Financial News: Page 228
-
CVS Health says it will use tax cuts to boost wages, growth strategy
The company has to become a better retailer first if it hopes to truly revolutionize healthcare, according to GlobalData Retail managing director Neil Saunders.
By Daphne Howland • Feb. 8, 2018 -
Amazon to offer Prime Now delivery from Whole Foods stores
This week, the grocer began offering the service in four markets, including free two-hour delivery to Prime members on orders of $35 or more.
By Jeff Wells • Feb. 8, 2018 -
Hudson's Bay rejects offer for German unit
The Canadian department store retailer said the offer, reported at $3.5 billion, undervalued the unit.
By Ben Unglesbee • Feb. 8, 2018 -
Deep Dive
At Home Depot, in-store innovation is a new kind of project
"Random acts of digital tend not to work," and human connection is key, Albert Vita, head of strategy insights and visual merchandising, told attendees at the Future Stores Miami conference.
By Corinne Ruff • Feb. 8, 2018 -
Levi's has strongest year in over a decade
The jeans maker has turned to retail expansion and advancements in digital to drive growth.
By Daphne Howland • Feb. 8, 2018 -
GameStop taps company insider as new CEO
Former CEO J. Paul Raines has been ill for several months, and officially stepped down earlier this week.
By Daphne Howland • Feb. 8, 2018 -
Williams-Sonoma taps new CTO
Yasir Anwar will lead all technology aspects of the company’s digital experience, retail stores and supply chain, and will oversee its new subsidiary, Outward Inc.
By Daphne Howland • Feb. 7, 2018 -
Target's Shipt will deliver to 'your kitchen table'
The company's CEO Brian Cornell dismissed the notion that he should have either Amazon or Walmart in his peripheral vision, saying, "We’ve got to focus on our game plan."
By Daphne Howland • Feb. 7, 2018 -
Deep Dive
Why Best Buy is investing in employees
Executives at the big-box retailer have spent the last several years rethinking how to boost customer engagement. Turns out, the employee came first.
By Corinne Ruff • Feb. 7, 2018 -
Will Whole Foods' 365 continue to grow under Amazon?
More than a dozen new locations are in development, but will the e-tailer see the value in a second format as it also tries to resuscitate the main brand?
By Dan Alaimo • Feb. 7, 2018 -
Bon-Ton wins $725M loan as some press for liquidation
The bankruptcy financing will keep the retailer operating while it looks to either turn around or sell itself in Chapter 11. But some creditors say Bon-Ton should shut down immediately.
By Ben Unglesbee • Feb. 7, 2018 -
Tapestry giving Kate Spade the Coach treatment
Coach continues to demonstrate the virtues of pulling back from discounts and wholesale to see quarterly sales soar 35%, and the parent-company will apply the strategy to its newly acquired brand.
By Daphne Howland • Feb. 7, 2018 -
Walmart's Store No. 8 buys VR startup
The retail giant's acquisition of Spatialand, unlike most of its recent takeovers, is unlikely to move the needle on sales for the immediate future.
By Daphne Howland • Feb. 6, 2018 -
Kroger sells c-stores in $2.15B deal
The grocer, which announced it would put the division up for sale last fall, named European operator EG Group as the buyer.
By Erika Kincaid • Feb. 6, 2018 -
JD.com and Fung align for AI development
Walmart's partner is increasing its commitment to developing technology as the retailer eyes new markets.
By Dan O'Shea • Feb. 5, 2018 -
Lululemon CEO resigns over conduct
Laurent Potdevin is leaving under murky circumstances just as the athleisure retailer regains its footing.
By Daphne Howland • Feb. 5, 2018 -
Hudson's Bay names CVS Health's Helena Foulkes new CEO
Foulkes recently landed at number 12 on Fortune magazine's most recent list of Most Powerful Women in Business, but is an unexpected choice to lead the department store chain.
By Daphne Howland • Feb. 5, 2018 -
Deep Dive
30 minutes with 35-year retail veteran Mike Edwards
The former CEO of Lucy, Borders and eBags recalls how the demise of the second largest bookseller was "the ultimate wake-up call." Those lessons and more have made Edwards a believer that technology is the path to retail success.
By Corinne Ruff • Feb. 5, 2018 -
Macy's launches 'modest' apparel line
The "Verona" collection springs from the department store's minority- and women-owned business development program founded in 2011 to further vendor diversity.
By Daphne Howland • Feb. 5, 2018 -
Bon-Ton files for Chapter 11
After nearly two months of negotiating with bondholders and years of declining sales, the ailing department store retailer went to court seeking bankruptcy protection Sunday.
By Ben Unglesbee • Feb. 5, 2018 -
Lowe's expands benefits, employee bonuses
The home improvement retailer is paying a one-time $1,000 bonus to all eligible U.S. employees in a tight job market.
By Daphne Howland • Feb. 5, 2018 -
Analyst: Walmart a ‘logical buyer’ for Blue Apron
The troubled meal kit company is starting to turn things around and could make for another valuable e-commerce purchase by the world's largest retailer, according to Gabelli & Co. analyst Matthew Trusz.
By Dan Alaimo • Feb. 5, 2018 -
Dollar General seeks new vendors
The deep discounter is holding a summit to bring together potential suppliers with buyers in an effort to diversify offerings, including in food, according to IGD Retail Analysis.
By Daphne Howland • Feb. 4, 2018 -
Christopher & Banks taps Dick's exec as CEO
The struggling women's apparel retailer is trying to increase fashion offerings without alienating its core base of older customers.
By Daphne Howland • Feb. 4, 2018 -
Whole Foods' inventory system reportedly crushing employee morale
The troubles erupting at Whole Foods underscore how much of a learning curve Amazon has when it comes to brick-and-mortar operations in general — and grocery in particular.
By Daphne Howland • Feb. 2, 2018