Financial News: Page 235
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Walmart to give away opioid disposal kits
The program is an effort to reduce the abuse and misuse of opioids and other drugs, in partnership with DisposeRX.
By Daphne Howland • Jan. 17, 2018 -
CPGs need emerging markets, e-commerce and partnerships in 2018
The rise of private labels is just one challenge facing consumer product goods companies in 2018, according to a new report from Deloitte.
By Daphne Howland • Jan. 17, 2018 -
Walmart COO to head international business
Judith McKenna is taking a post that has historically been a stepping stone to the CEO slot.
By Daphne Howland • Jan. 17, 2018 -
Bon-Ton buys more time
The retailer could get a few more weeks to negotiate with creditors on a possible bankruptcy or debt restructuring before it goes into default on a missed payment.
By Daphne Howland , Ben Unglesbee • Jan. 16, 2018 -
J. Crew tries on style revamp to recapture sales
Small but meaningful fashion changes could help the struggling brand, but with dozens of stores closing, it may be too little, too late.
By Daphne Howland • Jan. 16, 2018 -
Walmart reportedly cutting 1K corporate jobs
The cuts are expected to be finalized by the end of the month, sources told The Wall Street Journal.
By Corinne Ruff • Jan. 16, 2018 -
CVS bans photo altering for in-store beauty brands
The drug store chain is also calling on brands such as Revlon, L'Oréal and Johnson & Johnson to follow the new standards.
By Erica Sweeney • Jan. 16, 2018 -
Beauty retailer Kiko USA files for bankruptcy
The U.S. arm of an Italian makeup seller is looking to close all but five of its domestic locations in Chapter 11 and refocus on e-commerce.
By Ben Unglesbee • Jan. 16, 2018 -
Activist investor reportedly grabs stake in Lowe's
Anticipation of such a move has swirled since the fall, as Lowe's continues to play "second fiddle" to rival The Home Depot.
By Daphne Howland • Jan. 16, 2018 -
As Sam's Club downsizes, BJ's moves to fill the void
The warehouse retailer sees an opportunity in Walmart's store closings, but it’s Costco that could get the greatest benefit.
By Daphne Howland • Jan. 16, 2018 -
Kering sheds Puma to focus on luxury sales
The move is a vote of confidence by the brand owner in high-end luxury shoppers.
By Daphne Howland • Jan. 15, 2018 -
Amazon’s Alexa could start giving out opinions
The virtual assistant may eventually respond to recommendation-based questions with more thoughtful answers, not just the facts.
By Dan O'Shea • Jan. 15, 2018 -
Deep Dive
Walmart CEO Doug McMillon: 'You can't slow down change'
The quest for technology hasn't changed Walmart's core values or mission — it's just made things move faster, McMillon told attendees at the NRF's Big Show.
By Laura Heller • Jan. 15, 2018 -
Nordstrom reportedly set to restart go-private talks
Previous efforts fell through, but going private could still be the right move for the department store retailer, despite healthy holiday sales.
By Daphne Howland • Jan. 15, 2018 -
Deep Dive
Boxed CEO: brick and mortar is 'absolutely' in its future
Chieh Huang did not confirm or deny rumors at the NRF's Big Show that the e-commerce company would be acquired by Kroger, but still hopes to "push the button on the New York Stock Exchange."
By Cara Salpini • Jan. 15, 2018 -
Bon-Ton bankruptcy could be 'imminent'
Bloomberg and The Wall Street Journal report the struggling department store chain could file for bankruptcy in the coming weeks after having missed a $14 million interest payment last month.
By Ben Unglesbee • Jan. 12, 2018 -
Lacoste's US stores accept Alipay to target Chinese tourists
The sportswear brand is adding the popular payments platform to select stores.
By Robert Williams • Jan. 12, 2018 -
T-Mobile opens 5th 'signature store'
Tech demos and customer perks are a start, but more retailers need to start selling their brand's experience, according to Retail Prophet Doug Stephens.
By Daphne Howland • Jan. 12, 2018 -
Women's fashion retailer A'gaci files for bankruptcy
The apparel retailer entered Chapter 11 with plans to close 65% of its stores, saying that physical over-expansion and 2017's devastating hurricanes destroyed its bottom line.
By Ben Unglesbee • Jan. 12, 2018 -
2017 retail sales the best in three years
Looking at specific categories, December sales and overall 2017 retail sales were a mixed bag, according to the latest retail sales report from the U.S. Department of Commerce.
By Daphne Howland • Jan. 12, 2018 -
Neiman Marcus among retailers with highest bankruptcy risk
Several metrics point to a risk of default as high as 50% for the luxury department store retailer, according to a new report from CreditRiskMonitor.
By Ben Unglesbee • Jan. 12, 2018 -
Amazon reportedly eyeing 1M square feet of office space in Boston
A report by the Boston Globe has sparked speculation that the city may become the home of the company's second headquarters.
By Daphne Howland • Jan. 12, 2018 -
Signet suffers holiday sales decline
The jewelry company is suffering from the sale of its credit portfolio, especially at Kay stores where people tend to finance engagement rings.
By Daphne Howland • Jan. 12, 2018 -
Walmart shuttering 63 Sam's Clubs in shift to e-commerce
Twelve of the locations will be converted to e-commerce fulfillment centers, a symbol of Walmart's recent focus on online shopping.
By Daphne Howland • Jan. 12, 2018 -
Sports retailers should court women and streetwear in 2018
Some changes will cost retailers sales in the short term, according to NPD Group VP Matt Powell, and the state of the sector will get worse before it gets better.
By Daphne Howland • Jan. 11, 2018