Financial News: Page 232
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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 -
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