Financial News: Page 230
-
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 -
Ikea founder dies at 91
The company continues to build on Ingvar Kamprad's entrepreneurial spirit and is even considering a furniture rental program to reduce waste.
By Daphne Howland • Jan. 29, 2018 -
Reports: Kroger in partnership talks with Alibaba
This could give Kroger much needed access to emerging technology — a powerful weapon against Amazon.
By Jeff Wells • Jan. 26, 2018 -
Toys R Us won't release holiday sales results
The bankrupt toy chain is breaking more than a decade of tradition, declining to release sales numbers amid what CEO David Brandon called "operational missteps."
By Daphne Howland • Jan. 26, 2018 -
500 Walmart job cuts have already begun
The retailer will shrink its corporate ranks by 1,000 overall across departments, according to reports.
By Daphne Howland • Jan. 26, 2018 -
Deep Dive
Will Kohl's stores sprout new life with grocery?
Industry experts agree that larger stores need to slim down and boost foot traffic, but many are skeptical that adding grocery is a logical choice.
By Corinne Ruff • Jan. 25, 2018 -
Mergers and acquisitions soar 109% over 2016
Last year set records for deals in the industry, raking in a collective deal value of $311.6 billion.
By Corinne Ruff • Jan. 25, 2018 -
Nine West reportedly close to bankruptcy filing
The brand is working to sell off some intellectual property in time for a March 15 loan payment, but remains prepared to file for Chapter 11 protection, sources told Bloomberg.
By Daphne Howland • Jan. 25, 2018 -
Prada takes the 'Silver Line' to Macau
The luxury retailer has launched an elaborate set of pop-ups, with plans to move into Shanghai, Beijing and other areas moving forward.
By Daphne Howland • Jan. 25, 2018 -
CVS adds oral care to health initiative
The pharmacy retailer is moving assertively to become as much of a healthcare provider as it is a retailer, even as Amazon expands efforts in the sector.
By Daphne Howland • Jan. 25, 2018 -
Lowe's readies for spring with big seasonal hiring boost
Customer service chatbots are also on the hiring roster — a growing trend among retailers.
By Daphne Howland • Jan. 25, 2018 -
4 retailers land on Bloomberg's new global Gender Equality Index
CVS Health, Gap Inc., Kering and Walmart de México all made the cut as the movement toward parity gains momentum.
By Daphne Howland • Jan. 25, 2018 -
Ralph Lauren beefs up digital with new hires
The retailer is bringing back the iconic 1993 Snow Beach collection, with vintage and updated pieces, but can't afford to go backward on e-commerce.
By Daphne Howland • Jan. 24, 2018 -
Toys R Us to shutter 180 stores
As part of a major brick-and-mortar revamp, the company also said it will open a dozen stores, co-brand with Babies R Us and recharge its loyalty program.
By Daphne Howland • Jan. 24, 2018 -
Store closures overshadow strength of physical retail
The contraction in brick-and-mortar retail, especially in apparel, has driven an apocalyptic narrative that doesn't reflect the resiliency of malls and stores, according to consulting firm FGRT.
By Daphne Howland • Jan. 24, 2018 -
New order-to-store system blamed for Whole Foods shortages
Employees told Business Insider the supply program is too stringent and is failing to meet demand.
By Pamela DeLoatch • Jan. 24, 2018 -
Target CEO named chairman of RILA
In his new role, Brian Cornell said he will focus on boosting diversity and innovation in the industry.
By Daphne Howland , Corinne Ruff • Jan. 24, 2018 -
Claire's taps Lazard to deal with debt
The teen accessories retailer has struggled with a debt load since a leveraged buyout by private equity more than a decade ago.
By Daphne Howland • Jan. 23, 2018 -
Deep Dive
Is Lidl still a major threat for American grocers?
The German retailer appears to be struggling out of the gate, leading some observers to say it’s not the adversary it first seemed. But it may be just a matter of time.
By Daphne Howland • Jan. 23, 2018 -
Walmart reportedly seeking buyers in Brazil
Just last year the retail giant was poised to invest millions to reinvigorate sagging operations in the South American country.
By Daphne Howland • Jan. 23, 2018 -
Abercrombie & Fitch lifts guidance, bids farewell to longtime exec
Arthur C. Martinez will leave at the end of the company's fiscal year, at a time when the teen apparel retailer has improved merchandise and stores to drive sales.
By Daphne Howland • Jan. 23, 2018 -
Deep Dive
How Bon-Ton came to the brink of bankruptcy
The department store retailer has been around for more than a century. But as its sales dwindle and debt problems mount, Bon-Ton must convince stakeholders that it's still relevant.
By Ben Unglesbee • Jan. 22, 2018 -
Amazon Go opens to the public
The company has smoothed out glitches in the cashierless store as one of the most anticipated retail concepts in years finally goes live.
By Daphne Howland • Jan. 22, 2018 -
Lowe's counters activist pressure with 3 board appointments
The positions will take effect as the home improvement retailer tries to better differentiate from rival Home Depot.
By Daphne Howland • Jan. 22, 2018