Financial News: Page 234
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Under Armour's North American business drags down revenue
The brand beat expectations overall in the fourth quarter, but U.S. operations are still the main source of the company's woes, according to GlobalData Retail Managing Director Neil Saunders.
By Daphne Howland • Feb. 13, 2018 -
Land of Nod closes all stores
The Crate & Barrel-owned children's home goods and furniture brand will continue selling online and through Crate & Barrel stores nationwide.
By Daphne Howland • Feb. 13, 2018 -
Sears Canada creditors looking at payments to Lampert
As stakeholders fight over the remains of the Canadian retailer, Sears Holdings keeps closing stores in the U.S. — a potential boon for box retailers, according to UBS analysts.
By Ben Unglesbee • Feb. 13, 2018 -
Alibaba throws $1.3B into brick-and-mortar strategy
The Chinese retailer continues to balance its e-commerce dominance with growing, diversified investments in brick-and-mortar retail.
By Dan O'Shea • Feb. 13, 2018 -
Walgreens considers acquiring drug distributor Amerisource
A successful deal would give the retailer greater control over its drug supply chain.
By Shefali Kapadia • Feb. 13, 2018 -
Deep Dive
7 retail execs envision the future of stores
Executives from Best Buy, The Home Depot and MM.LaFleur share their visions for the future of retail at Future Stores Miami.
By Corinne Ruff • Feb. 13, 2018 -
Barnes & Noble cuts staff after bleak holiday sales
The big box retailer also said it brought in a new chief merchandising officer as it looks to get back to its bookish roots.
By Daphne Howland • Feb. 13, 2018 -
Amazon laying off 'hundreds' of corporate employees
A company spokesperson confirmed layoffs first reported by The Seattle Times, but said the company continues to add to its ranks at home and abroad.
By Daphne Howland • Feb. 12, 2018 -
LVMH investment arm backs sneaker startup Stadium Goods
Sneakerhead marketplaces are kicking up some serious deals, but is the market about to collapse?
By Daphne Howland • Feb. 12, 2018 -
David's Bridal downgraded over potential default
The wedding retailer is beset by competition in the sector and suffers from excessive debt, as well as belated investments in e-commerce.
By Ben Unglesbee • Feb. 12, 2018 -
L.L. Bean pulls the plug on lifetime return policy
The outdoor retailer's liberal return policy has been abused in recent years, causing the company to put an end to the generous policy.
By Daphne Howland • Feb. 12, 2018 -
Barneys New York shuttering Upper West Side store
Department stores are under pressure and this leaves Barneys with just two New York City locations.
By Daphne Howland • Feb. 11, 2018 -
Big Lots names chief customer officer amid brand repositioning
Stephen Haffer will join the discount retailer to expand the "customer-centric" approach the company announced five years ago.
By Daphne Howland • Feb. 11, 2018 -
Deep Dive
Does Lululemon need more than a new CEO?
Just when the athleisure innovator seemed to be putting a series of quality and public relations snafus behind it, the board may be bungling the ouster of its chief executive.
By Daphne Howland • Feb. 10, 2018 -
Deep Dive
How Shinola is taking its 'built in Detroit' mission national
A successful brick-and-mortar expansion hinges on connecting the store to its Detroit-based manufacturing mission, head of retail Travis Harrison told attendees of Future Stores Miami.
By Corinne Ruff • Feb. 9, 2018 -
NRF: Retail sales to rise as much as 4.4% in 2018
Economic fundamentals are strong, but consumer confidence may be overstated given the high levels of consumer debt.
By Daphne Howland • Feb. 9, 2018 -
GOAT, Flight Club merge to forge 'sneakerhead' empire
The two companies operate in the same rarefied space of sneaker obsession, a $2 billion resale industry.
By Daphne Howland • Feb. 9, 2018 -
Target, Casper deepen ties with new exclusives
The mattress startup has found a dreamy partner in Target, with its expansive store base and need for differentiated merchandise.
By Daphne Howland • Feb. 8, 2018 -
CVS Health says it will use tax cuts to boost wages, growth strategy
The company has to become a better retailer first if it hopes to truly revolutionize healthcare, according to GlobalData Retail managing director Neil Saunders.
By Daphne Howland • Feb. 8, 2018 -
Amazon to offer Prime Now delivery from Whole Foods stores
This week, the grocer began offering the service in four markets, including free two-hour delivery to Prime members on orders of $35 or more.
By Jeff Wells • Feb. 8, 2018 -
Hudson's Bay rejects offer for German unit
The Canadian department store retailer said the offer, reported at $3.5 billion, undervalued the unit.
By Ben Unglesbee • Feb. 8, 2018 -
Deep Dive
At Home Depot, in-store innovation is a new kind of project
"Random acts of digital tend not to work," and human connection is key, Albert Vita, head of strategy insights and visual merchandising, told attendees at the Future Stores Miami conference.
By Corinne Ruff • Feb. 8, 2018 -
Levi's has strongest year in over a decade
The jeans maker has turned to retail expansion and advancements in digital to drive growth.
By Daphne Howland • Feb. 8, 2018 -
GameStop taps company insider as new CEO
Former CEO J. Paul Raines has been ill for several months, and officially stepped down earlier this week.
By Daphne Howland • Feb. 8, 2018 -
Williams-Sonoma taps new CTO
Yasir Anwar will lead all technology aspects of the company’s digital experience, retail stores and supply chain, and will oversee its new subsidiary, Outward Inc.
By Daphne Howland • Feb. 7, 2018
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