Financial News: Page 236


  • Abercrombie & Fitch plans to close 60 US stores in 2018

    That's not necessarily as alarming as it sounds, and Abercrombie says the closures are part of a strategy to meet customers in all channels.

    By March 8, 2018
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    Foot Locker
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    Foot Locker to close 100 stores this year, and it's okay

    The athletic footwear retailer is still figuring out its ideal brick-and-mortar footprint, but it’s on the right track, according to NPD Group’s Matt Powell.

    By March 7, 2018
  • Ross sales increase 16%, but shares fall on soft guidance

    Considering the off-price sector's advantages in good times and in bad, the retailer has plenty of potential, some analysts say.

    By March 7, 2018
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Dollar Tree's 13% sales growth not enough for Wall Street

    The deep discounter increased earnings, same-store sales and its top line — to the tune of $6.36 billion — but fell short of analyst hopes on all counts.

    By March 7, 2018
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    Retrieved from Target on November 14, 2017
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    Deep Dive

    At Target, it's the year of 'acceleration'

    The mass merchant is making major competitive moves by boosting employee wages, rolling out free two-day shipping without a minimum and expanding its Drive Up program.

    By March 7, 2018
  • Fabletics parent prepping Rihanna lingerie line

    TechStyle has long depended on celebrities to market its brands, and working with Rihanna can only bolster those efforts.

    By March 7, 2018
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    "Dressbarn" by Dwight Burdette is licensed under CC BY 3.0
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    Ascena falters as merchandise misses the mark

    Despite declines and increased competition in the apparel space, CEO David Jaffe told analysts not to count out the brand's labels.

    By March 6, 2018
  • Target's store and digital investments pay off

    The mass merchant reported healthy growth online and in stores, with traffic up 3.2% and e-commerce climbing 29%.

    By March 6, 2018
  • Tower Records founder dies

    Russ Solomon died on Sunday, awaiting a whisky refill and watching the Oscars broadcast with "a smart-aleck remark on his lips," the Sacramento Bee reports.

    By March 6, 2018
  • Nordstrom rejects family offer as 'inadequate'

    Unless family members can sweeten the pot, the department store is ending go-private discussions, and a family spokesperson declined to indicate what those prospects are.

    By March 6, 2018
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    Allbirds
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    Allbirds sells special shoe collection only on Instagram

    The brand is one of many beginning to sell exclusive products directly to consumers through social media.

    By Robert Williams • March 5, 2018
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    Retrieved from Target on March 05, 2018
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    Target to invest $250M in Twin Cities store remodels

    The 28 stores are just a few of the 325 set for a refresh before the end of the year.

    By March 5, 2018
  • Deep Dive

    The Children’s Place and Gymboree: A tale of two specialty retailers

    One invested in inventory technology, assortment and e-commerce. The other went bankrupt. What can the two children's apparel retailers teach retailers?

    By March 5, 2018
  • Olay boosts engagement 20% with influencer skincare challenge

    The beauty brand boosted awareness and Google searches, but missed an opportunity to drive sales on Walmart's website.

    By Robert Williams • March 5, 2018
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Dollar Tree, Dollar General running neck and neck in the dollar segment

    E-commerce still isn't much of a factor, and ongoing price sensitivity will keep lower income shoppers flocking to dollar stores, according to Moody's. 

    By March 5, 2018
  • Love Your Melon to open first permanent location

    The charity-focused beanie maker previously sold mainly through third-party retailers, but its own store won't be open most days of the month.

    By March 5, 2018
  • QVC owner Liberty Interactive to rebrand as Qurate Retail Group

    The repositioning is the "culmination of a multi-year evolution," according to the company, which will be led by QVC CEO Mike George.

    By March 5, 2018
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    Retrieved from Target on March 05, 2018
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    Target pairs up with Hunter, opens accelerator applications

    Collaborations with on-trend brands and celebrities continue to shape the company's "cheap chic" reputation, and partnerships with startups may help keep the company ahead of competition.  

    By March 5, 2018
  • Retail defaults in 2018 could outpace last year

    High debt, underinvestment, competition, changes in consumer spending and other factors that made 2017 abysmal for some retailers haven't gone away, according to S&P. 

    By March 2, 2018
  • Victoria's Secret trends miss continues to bedevil L Brands

    Store traffic and sales are down at the lingerie brand, leaving an opening for even small players to disrupt a category it once ruled.

    By March 2, 2018
  • J.C. Penney cuts 360 jobs as sales miss

    The department store retailer is slashing jobs at its corporate and support offices as it posts another loss for the year and fourth quarter sales that disappointed Wall Street. 

    By March 2, 2018
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    Courtesy of Burberry
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    Burberry taps designer Riccardo Tisci to replace Christopher Bailey

    The designer is known for blending streetwear and luxury fashion, but can he make the brand more relevant to the luxury consumer? 

    By March 2, 2018
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    Office Depot
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    Deep Dive

    Office Depot's big bet on BizBox

    The retailer is transitioning from a supplier of office supplies to a supporter of small business with a brash 14-store test designed to serve millennial entrepreneurs.

    By Laura Heller • March 2, 2018
  • Gap's Athleta takes the fight to Lululemon with over 20% sales growth

    Old Navy remains the company's stalwart and the fulcrum of its growth strategy, but Athleta's sales are soaring.

    By March 2, 2018
  • Nordstrom mum on go-private talks as sales swell

    The department store will no longer report separate e-commerce and offline sales, thanks to what executives deemed a successful breakdown of channels.

    By March 2, 2018