Financial News: Page 233


  • Home Depot poised to build on holiday boost

    The home improvement retailer sold more decorations and accessories thanks to improved marketing and in-store execution, and analysts have high expectations for the year.  

    By Feb. 21, 2018
  • Headington buys another high-concept retailer

    The Texas-based developer is doubling down on upscale, unique stores with its acquisition of Tenoversix, which sells curated apparel, home goods and art.

    By Feb. 21, 2018
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    Retrieved from Walmart on November 27, 2017
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    Walmart pummeled on slower e-commerce growth

    Revenue, comps and traffic all increased at Walmart, but profits fell and digital disappointed as sales in the channel slowed compared with previous periods. 

    By Feb. 20, 2018
  • Gap brand CEO to leave

    Gap Inc. acknowledged weakness in its namesake Gap brand and announced a new growth strategy last summer.

    By Feb. 20, 2018
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    Wikimedia Commons
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    Albertsons acquires (the rest of) Rite Aid

    The grocery chain said it's buying the remainder of the pharmacy retailer's stores not going to Walgreen's, creating a company with $83 billion in revenues.

    By Jeff Wells • Feb. 20, 2018
  • Chinese pharma company grabs major stake in GNC

    The move by Harbin Pharmaceutical Group could be a lifesaver for GNC, which has struggled in recent years.

    By Feb. 20, 2018
  • Walmart revamping apparel brands in punch back against Amazon, Target

    The push comes amid evidence that the retail giant has much to lose as Amazon grows its private-label apparel assortment.

    By Feb. 20, 2018
  • J. Crew taps Starbucks digital exec

    Adam Brotman is widely credited with spearheading the coffeehouse chain's mobile payment and loyalty innovations.

    By Feb. 20, 2018
  • Amazon to pay disgruntled workers up to $5K to leave

    "The Offer" is essentially a form of self-select weed out, where employees who are no longer invested in the job are given an incentive to quit.

    By Valerie Bolden-Barrett • Feb. 16, 2018
  • Sears could squeeze out positive profit for Q4

    But the ailing retailer's sales have continued down an abysmal path, even during a holiday season that lifted the department store sector.

    By Feb. 16, 2018
  • FAO Schwarz to return with new stores and a New York flagship

    The iconic toy retailer has plans for airport locations in the U.S. and Canada, and a series of stores in China. 

    By Feb. 16, 2018
  • H&M reveals e-commerce future

    Executives asked for patience as they build online operations and new brands, but some investors are worried about the flagship.

    By Feb. 16, 2018
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    Retrieved from Amazon on December 07, 2016
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    Prime members drive Amazon apparel sales

    Apparel shoppers see Amazon essentially as an online off-price retailer, expecting good value at less than full price, according to a new report.

    By Feb. 15, 2018
  • Home Depot boosts app downloads from holiday ads
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    Courtesy of The Home Depot
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    Home Depot launches mobile job app for spring hiring

    The home improvement retailer needs to fill more than 80,000 seasonal positions for spring.

    By Feb. 15, 2018
  • J. Crew to partner with WeWork

    The retailer will open pop-ups at several WeWork locations and host panel discussions with the shared office space company.

    By Feb. 15, 2018
  • NRF: January's retail sales nearly as good as the holidays

    The association paints a rosier picture than the Commerce Department, but 2018 promises much uncertainty for retailers as consumers face inflation, sluggish wages and heavy debt loads. 

    By Feb. 14, 2018
  • Ace Hardware sales climb 5% in 2017

    The hardware co-op added millions in new sales from last year's acquisition of the Grommet as it also posts strong same-store sales and builds new locations. 

    By Feb. 14, 2018
  • Guess investigating 'allegations of improper conduct' against co-founder

    Things are only getting worse for the brand, which announced that a special committee is looking into sexual harassment allegations against Paul Marciano, which he denies.

    By Feb. 14, 2018
  • Opinion

    How to close stores and still succeed

    Considering the impact shuttering stores has on digital sales, retailers are better off transforming them into showrooms or BOPIS depots, writes Lee Peterson of WD Partners. 

    By Lee Peterson • Feb. 14, 2018
  • Genesco is putting Lids up for sale

    Under pressure from activist investors, the company is looking to unload the ailing hat seller and focus on its shoe business.

    By Feb. 14, 2018
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    Getty Images
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    January retail sales plummet

    Sales posted the largest decline in 11 months, falling 0.3%, but most segments showed year-over-year growth.

    By Feb. 14, 2018
  • Walmart to consolidate department managers in some stores

    The retail giant is eliminating positions in the mobile department and online pickup areas, but a spokesman said he doesn't anticipate major layoffs, disputing recent reports. 

    By Feb. 14, 2018
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    Sam's Club
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    Sam's Club perks up premium membership with free shipping

    As part of a broader effort to reduce complexities, the wholesale retailer is also combining savings and business programs as competition with Amazon heats up. 

    By Feb. 14, 2018
  • J.C. Penney cutting 670 jobs, closing distribution center

    The company announced a plan to align its supply chain with "future" needs, indicating more changes could be coming. 

    By Feb. 14, 2018
  • Whole Foods suppliers balk at new buying policies

    Vendors are being hit with fees and other policy changes, and some of them are mad enough to quit doing business with the retailer.

    By Cathy Siegner • Feb. 14, 2018