Financial News: Page 229
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Ralph Lauren's promotional pullback hits revenue
The company's retreat from department stores is a necessary part of rebuilding its brand, but revenue will likely continue to suffer this year.
By Corinne Ruff • Feb. 2, 2018 -
Guess shares sink over sexual harassment claim
Former "Guess Girl" Kate Upton tweeted the explosive claim as the company introduced a new brand rep, Jennifer Lopez.
By Daphne Howland • Feb. 2, 2018 -
Harley-Davidson to cut 800 US jobs amid plummeting sales
The company is welcoming the new tax bill, but the U.S. rejection of the Trans-Pacific Partnership agreement is going to hurt.
By Daphne Howland • Feb. 2, 2018 -
Sears CEO loans millions more to ailing retailer
Eddie Lampert keeps funneling money to fund retail operations as layoffs and store closings continue.
By Daphne Howland • Feb. 2, 2018 -
Nordstrom shutters Oregon store amid go-private talks
The closure comes following a 2.5% sales increase during the holiday season, but uncertainty over whether Nordstrom family members will take the company private lingers.
By Daphne Howland • Feb. 2, 2018 -
Amazon Q4 sales soar 38% to $60.5B
Jeff Bezos is pumped up about Alexa's fourth quarter performance. "Expect us to double down," he said.
By Daphne Howland • Feb. 1, 2018 -
UPDATE: Bon-Ton shares store closure locations amid turnaround
The struggling department store will shutter many stores in Illinois, Wisconsin and Pennsylvania as it revamps merchandising and marketing efforts.
By Daphne Howland • Feb. 1, 2018 -
Costco co-founder bids farewell
With Jim Sinegal's departure and the recent unexpected death of co-founder Jeff Brotman, the company is now being run by executives unconnected to its roots.
By Daphne Howland • Feb. 1, 2018 -
Alibaba takes stake in Ant Financial as revenue surges 56%
CEO Daniel Zhang deemed it "another great quarter" driven by the continued strength of the Chinese consumer and the wide reach the company is achieving.
By Daphne Howland • Feb. 1, 2018 -
Boxed rejects Kroger bid, looks elsewhere for offer
The competition to acquire the e-commerce wholesaler has intensified, and Amazon, Walmart and Target may all be potential buyers.
By Dan Alaimo • Feb. 1, 2018 -
H&M scales back store openings, unveils Afound brand
CEO Karl-Johan Persson said the company must move more quickly to follow its customers online.
By Daphne Howland • Feb. 1, 2018 -
Sears cuts 220 corporate jobs
The retail company continues to rely on cost cutting and financial maneuvers to stay afloat.
By Daphne Howland • Feb. 1, 2018 -
Revlon CEO exiting after less than two years
Board member Paul Meister will oversee day-to-day operations in the interim, and the daughter of longtime board chairman Ron Perelman, Debra, is taking the COO spot.
By Daphne Howland • Jan. 31, 2018 -
Is Amazon dipping into higher ed?
Candace Thille, an expert in the science of learning from Stanford University, has been hired by the retailer to train workers and potentially more.
By Shalina Chatlani • Jan. 31, 2018 -
Stein Mart exploring 'strategic alternatives'
The century-old retailer is beloved by many, but it's facing an uphill climb in a tough retail environment.
By Daphne Howland • Jan. 31, 2018 -
Warby Parker tries kids glasses on for size
The eyewear startup is offering miniature styles for a limited time and only at its New York City locations.
By Daphne Howland • Jan. 31, 2018 -
Deep Dive
Out of the ashes: 8 brands that found life after retail death
Retail brands bought out of bankruptcy can have a second life as an e-tailer or a product label. But will the afterlife of these retailers last forever?
By Ben Unglesbee • Jan. 30, 2018 -
Payless cutting corporate jobs to 'realign' around stores
The move is part of ongoing efforts to modernize the retailer's approach and focus on its core customer base, leaving bankruptcy behind.
By Daphne Howland • Jan. 30, 2018 -
Mattress Firm taps new CEO
Steve Stagner again takes the title, replacing Ken Murphy, as the retailer tries to compete with direct-to-consumer startups.
By Daphne Howland • Jan. 30, 2018 -
Amazon and Berkshire Hathaway partner to take on healthcare
The companies, along with JPMorgan Chase, plan to provide their U.S. employees with "simplified, high-quality and transparent healthcare at a reasonable cost."
By Daphne Howland • Jan. 30, 2018 -
4 public policy priorities for 2018
Ahead of the President's State of the Union address, the Retail Industry Leaders Association outlined the biggest public policy issues facing retailers this year.
By Corinne Ruff • Jan. 30, 2018 -
Ascena taps new Dressbarn chief amid ongoing struggles
Erin Stern, previously chief merchandising officer for Maurices, will take over the role, looking to repair the damage of "fashion missteps that we cannot afford."
By Daphne Howland • Jan. 30, 2018 -
Zara launches pop-up dedicated to digital sales
The temporary store at Westfield Stratford in London features technology like RFID, mirrors that recommend products and mobile devices to speed ordering and returns.
By Daphne Howland • Jan. 29, 2018 -
Asos speeds past fast-fashion rivals
The company's differentiation in digital sales makes its goal of nearly doubling sales "a realistic ambition," according to WGSN analysts.
By Daphne Howland • Jan. 29, 2018 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples replaces Shira Goodman with Coca-Cola exec
J. Alexander "Sandy" Douglas steps into the top spot as private equity owner Sycamore Partners prepares for a new era.
By Daphne Howland • Jan. 29, 2018