Financial News: Page 233
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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 -
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