Financial News: Page 228
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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 -
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