Financial News: Page
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Urban Outfitters records positive sales at every brand
This quarter marked the first in four years when Urban Outfitters' store comps have been positive overall and at each of its brands, executives said.
By Daphne Howland • May 23, 2018 -
Massive Miami-Dade mall to be the largest in the US
"American Dream Miami" would eclipse the Mall of America in size and scope, and could help re-invent shopping centers for a new era.
By Daphne Howland • May 23, 2018 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Adobe to acquire commerce platform Magento
The deal, priced at $1.68 billion, is aimed at creating a comprehensive e-commerce platform that would integrate B2B and B2C customer experiences.
By Dan O'Shea • May 22, 2018 -
Best Buy rolls out Geek Squad subscription
Best Buy is revitalizing the service by adding a full-year subscription plan to help customers with all their technology needs.
By Dan O'Shea • May 22, 2018 -
Amazon breaks into Fortune 500's top 10
Walmart topped the list once again and marked the first time a company on the magazine's list has topped $500 billion in revenue.
By Daphne Howland • May 22, 2018 -
Saks moves beauty sales to 2nd floor of NYC flagship
Department stores are updating how they approach key categories to better compete with an onslaught of competitors.
By Daphne Howland • May 22, 2018 -
TJX sales up 12% on strong customer traffic
New CEO Ernie Herrman said the company could grab even more market share as comps in the Marmaxx division increase 4%.
By Ben Unglesbee • May 22, 2018 -
J.C. Penney CEO leaving for Lowe's
Marvin Ellison helped slow losses at the department store retailer and now returns to his roots (and greener pastures) as CEO of the home improvement chain.
By Ben Unglesbee • May 22, 2018 -
US hits pause on trade war with China
Just last week, a number of retail trade groups and executives testified before the United States Trade Representative on the potential impact of proposed $50 billion in tariffs on China, which may still be on the table.
By Corinne Ruff • May 22, 2018 -
Kohl's gains solid footing as it chases millennials
The discount department store is launching a new apparel collection in collaboration with PopSugar in an effort to draw in younger shoppers.
By Daphne Howland • May 22, 2018 -
Sears brings in $425M in credit card deal with Citi
The deal brings a much-needed influx of cash and adds another five years to Sears' agreement with Citi, which services cards tied to the retailer's Shop Your Way loyalty program.
By Ben Unglesbee • May 21, 2018 -
Whole Foods expands to housewares at NJ store
Company executives say Plant & Plate, which will sell candles and other wares made locally, is not tied to its recent purchase by Amazon.
By Patti Zarling • May 21, 2018 -
Macy's revamps in-store beauty to challenge Sephora
The department store retailer is finally dismantling its old-school, brand-siloed beauty sales approach.
By Daphne Howland • May 21, 2018 -
Home Depot returns to Gartner's Top 25 with focus on omnichannel
The retailer had fallen off the charts for three years, but bounced back strong with priorities on inventory and profits.
By Edwin Lopez • May 21, 2018 -
Academy Sports taps Foot Locker's Ken Hicks as CEO
The industry veteran helped reverse Foot Locker's ailing fortunes as CEO from 2009 to 2014, and has more than three decades of merchandising, marketing and operational experience.
By Daphne Howland • May 21, 2018 -
David's Bridal taps new CEO from within
Before joining the struggling wedding apparel seller, Scott Key had led Gap Inc.'s successful Athleta athleisure brand.
By Daphne Howland • May 21, 2018 -
J.C. Penney prevails on loss prevention manager's race discrimination claims
An employee cannot prove discrimination by simply arguing that he was better qualified than the person who received the position he coveted, the court said.
By Lisa Burden • May 18, 2018 -
Pier 1 downgraded as it works on turnaround plan
A month after the company reported sales declines and a three-year, $60 million turnaround plan, analysts say it might not be enough to avoid the pressures of a hotly competitive sector.
By Ben Unglesbee • May 18, 2018 -
Nordstrom execs don't expect large-scale store closings
The company is profitable in all channels and is spending on innovations that could pay off in the long run, analysts say.
By Daphne Howland • May 18, 2018 -
BJ's Wholesale Club readies to go public with IPO filing
The club's private equity owners abandoned the idea last year, but haven't been able to sell the retailer.
By Daphne Howland • May 18, 2018 -
Another Alexa exec ditches Amazon
Amazon is in the crosshairs of tech exec poachers, but claims there is no "executive retention issue."
By Dan Alaimo • May 18, 2018 -
J.C. Penney gets burned by a cool spring
Captured market share in appliances and toys weren't enough to help the department store retailer, which is struggling with apparel sales.
By Ben Unglesbee • May 17, 2018 -
Macy’s expands mobile checkout, AR/VR furniture departments
The company is adding VR furniture showrooms to 60 stores after the tech "significantly increased" transaction size and reduced returns.
By Robert Williams • May 17, 2018 -
Walmart e-commerce growth rebounds
U.S. online sales at the big-box retailer jumped 33%, up from a 23% increase last quarter.
By Corinne Ruff • May 17, 2018 -
Kroger partners with Ocado in a bet on the future of online grocery
The Cincinnati-based retailer's agreement with the world’s largest online grocer will rapidly accelerate its automated fulfillment capabilities and position it to compete with Amazon and Walmart.
By Jeff Wells • May 17, 2018
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