Financial News: Page 236
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American Express writes an end to signature requirements
Authorizing transactions with a signature could soon become a thing of the past.
By Dan O'Shea • Dec. 13, 2017 -
West Elm drops anchor in the UK
The furniture retailer opened a new store in the London suburb of Kingston-Upon-Thames last week, with more to come.
By Daphne Howland • Dec. 13, 2017 -
LinkedIn names the 'Top Voices' in retail
These 10 analysts, observers and practitioners made their mark on the social media platform, and Retail Dive, this year with their insights and commentary.
By Daphne Howland • Dec. 13, 2017 -
B8ta launches Handy in-home tech installation
Partnerships between retailers and service providers could help smaller players find opportunities amid Amazon's push into the home services segment.
By Dan O'Shea • Dec. 13, 2017 -
Westfield accepts $15.7B takeover bid
Pending regulatory approval, Europe's largest commercial property company will acquire the mall operator, whose top execs are all slated to retire.
By Corinne Ruff • Dec. 12, 2017 -
Walmart taps former Amazon exec for Asda
It's a return for Rob McWilliam, who spent 13 years at the U.K. grocer in various roles until he jumped to Amazon in 2013.
By Daphne Howland • Dec. 12, 2017 -
A gloomy outlook for Hudson's Bay
Analysts with S&P posted a negative outlook for the retailer, saying that troubles in the sector might outweigh Hudson's Bay's moves to shore up its balance sheet.
By Ben Unglesbee • Dec. 12, 2017 -
J.C. Penney launches 'Big and Tall' subscription box
In collaboration with Bombfell, the discount department store is looking to pique interest in men's apparel with a cheaper Stitch Fix-like concept.
By Daphne Howland • Dec. 12, 2017 -
Charming Charlie files for bankruptcy, closing 100 stores
Once a hot and growing specialty retailer, the company's CFO said that it has run out of cash and was without critical inventory during the holiday sales period.
By Ben Unglesbee • Dec. 12, 2017 -
Brookfield Property's $14.8B bid reportedly rejected by GGP
The mall developer's largest shareholder last month said that it made a non-binding proposal to acquire the remaining 66% of GGP, but analysts say the offer was too low.
By Daphne Howland • Dec. 12, 2017 -
Opinion
What a Sears lawsuit against a supplier means for retailers
Sears' unusual move to take suppliers to court could have implications for other beleaguered retailers, writes David Banker and Keara Waldron of Lowenstein Sandler.
By David M. Banker, Esq, Keara Waldron, Esq • Dec. 11, 2017 -
Lundgren done with Macy's
With the former CEO no longer in the building, Jeff Gennette may be able to realize a more holistic strategy for the department store retailer.
By Daphne Howland • Dec. 11, 2017 -
Cannabis retailer snaps up Eddie Bauer exec
Laurie Bosch, who has also managed store operations for Williams-Sonoma and J. Crew, is being brought on to develop "differentiated shopping experiences."
By Daphne Howland • Dec. 11, 2017 -
Home Depot calls fears of tax reform 'overblown'
At the Investor Day last week, executives downplayed any effect of mortgage deduction changes, and outlined a plan for a $5.4 billion investment.
By Daphne Howland • Dec. 11, 2017 -
Retail jobs climb amid 'one of the strongest gains all year'
Retailers have hired nearly 13,000 workers during the holidays, although wage growth remains tepid.
By Daphne Howland • Dec. 11, 2017 -
Pottery Barn inks online deal with Leesa Sleep
The move comes weeks after Williams Sonoma sibling West Elm partnered with the mattress startup to sell its products in more than 80 stores and online.
By Daphne Howland • Dec. 8, 2017 -
Toys R Us lenders dig into owner payouts
The court approved a bonus plan for the bankrupt toy retailer's executives, and a group of creditors wants to know more about the company's financial relationship with private equity sponsors.
By Ben Unglesbee • Dec. 8, 2017 -
Restoration Hardware chasing upscale, luxury sales
The company is letting Amazon and Wayfair duke it out for middle-of-the-road furniture sales, and still prefers its print catalog to social media marketing.
By Daphne Howland • Dec. 8, 2017 -
Ikea, Sonos bring speakers closer to home
The Swedish furniture retailer has partnered with the wireless speaker manufacturer to create a smart home sound experience.
By Dan O'Shea • Dec. 8, 2017 -
Walmart strikes a ‘Tasty’ deal with BuzzFeed
The partnership with the recipe app allows the retailer to sell kitchenware and appliances on the network's video pages, challenging Amazon's string of deals with recipe sites.
By Jeff Wells • Dec. 8, 2017 -
Coach partners with Snapchat for scannable holiday pins
Users of the new product can scan a code with a smartphone camera to play an arcade game based on the brand's holiday video campaign.
By David Kirkpatrick , Natalie Black (Koltun) • Dec. 8, 2017 -
Hudson's Bay sheds another Lord & Taylor store
In a move to maximize its real estate holdings, the company recently raised $23 million by selling two Lord & Taylor leases, including one in Skokie, IL.
By Daphne Howland • Dec. 8, 2017 -
Liberty of London exec returning to Neiman Marcus
Ed Burstell will arrive at the luxury department store at the start of a key rebuilding year, during which he will be charged with driving product innovation.
By Daphne Howland • Dec. 7, 2017 -
Lululemon sales soar 14%, but profit takes a hit
The athleisure brand has recovered nicely from quality and fashion missteps, and analysts expect its upward trajectory to continue.
By Daphne Howland • Dec. 7, 2017 -
Dollar General adding 900 new stores in 2018
The discounter is remodeling and building out its store base at a frenetic pace, justified in part by an 11% year-over-year sales increase in the third quarter.
By Ben Unglesbee • Dec. 7, 2017