Financial News: Page 237
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Marc Jacobs reportedly shuttering European stores
The brand's London store is slated to close, with possibly more in coming months, Business of Fashion reports.
By Daphne Howland • Jan. 8, 2018 -
JD, Alibaba expand grocery offerings
JD announced a new tech-enabled grocery chain, dubbed 7Fresh, the same day rival Alibaba said it's expanding Hema stores.
By Daphne Howland • Jan. 8, 2018 -
L Brands plunges on disappointing December sales
The company's stalwart Victoria's Secret brand is losing market share to rival Aerie and banking on beauty brands to pick up the slack.
By Daphne Howland • Jan. 8, 2018 -
J.C. Penney 'going after Sears' and its appliance business
CEO Marvin Ellison keeps saying that Sears is "donating" market share in the space, but Penney's real saving grace is the Sephora concessions inside its stores.
By Daphne Howland • Jan. 5, 2018 -
Neiman Marcus CEO Karen Katz steps down
Ralph Lauren executive Geoffroy van Raemdonck will succeed her at the embattled luxury department store starting next month.
By Daphne Howland • Jan. 5, 2018 -
AI startup draws $37M investment
Rubikloud's big funding payday is just another indication of how deeply AI is working its way into retail.
By Dan O'Shea • Jan. 5, 2018 -
A hammer with a banana? Kroger may partner with hardware chain Ace
With the grocer opening a restaurant and announcing it would offer a private label fashion line, adding a section devoted to tools, nails and other supplies makes sense.
By Jeff Wells • Jan. 5, 2018 -
Camping World to re-open 69 Gander Outdoors stores
From the get-go, Marcus Lemonis, chairman of new owner Camping World Holdings, has insisted that stores be profitable and well-managed in order to re-open.
By Daphne Howland • Jan. 5, 2018 -
Bon-Ton CFO leaves for Pier 1
The struggling department store chain has brought in a former Hudson's Bay CFO to manage finances weeks after missing a multimillion dollar interest payment on bonds.
By Ben Unglesbee • Jan. 5, 2018 -
Costco sales soar 14.3% in December
The membership retailer appears to be jacking up digital sales, too, without much effort.
By Daphne Howland • Jan. 5, 2018 -
Sears closing another 100 stores
The announcement is just the latest in a series of store closures that have drastically shrunk two of the once most ubiquitous banners in American retail.
By Daphne Howland • Jan. 5, 2018 -
J.C. Penney sales grew 3.4% during the holiday period
Like many retailers, Penney grew its online sales as a percentage of its overall sales, but it lost market share in the two weeks after Thanksgiving, according to Earnest Research.
By Daphne Howland • Jan. 4, 2018 -
Toys R Us hires liquidator ahead of store closures
The bankrupt toy retailer is tapping Malfitano Advisors to liquidate inventory, furniture, fixtures and equipment, as well as coordinate planned store closures.
By Ben Unglesbee • Jan. 4, 2018 -
Is off-price retail losing steam?
Wells Fargo analyst Ike Boruchow sees TJX in particular suffering from expansion, but others see the sector continuing to outpace the rest of retail.
By Daphne Howland • Jan. 4, 2018 -
Macy's to close more stores
A contraction of the department store's massive expansion of two decades ago continues despite decent holiday sales.
By Daphne Howland • Jan. 4, 2018 -
Destination Maternity taps another interim CEO
The largest retailer of maternity apparel continues to face headwinds as department stores and malls falter.
By Daphne Howland • Jan. 4, 2018 -
Amazon captured 44% of US online sales last year
The e-commerce giant also managed to grab 4% of all U.S. retail sales in 2017.
By Daphne Howland • Jan. 4, 2018 -
Cannabis retail sprouts up in California
The expanding legalization of cannabis is bringing traditional retailers to a new market.
By Daphne Howland • Jan. 3, 2018 -
Camping World buys Erehwon
The RV and outdoor retailer continued its acquisition spree with the purchase of Erehwon Mountain Outfitter just eight months after snapping up bankrupt Gander Mountain.
By Ben Unglesbee • Jan. 3, 2018 -
Amazon reportedly mulling CPG ads for Alexa
The company has been discussing the possibility with Proctor & Gamble and Clorox, and the move would be a big change for Alexa users.
By Daphne Howland • Jan. 3, 2018 -
Could Amazon really acquire Target?
Gene Munster, a former Piper Jaffray analyst, made the bold claim earlier this week. But others argue the prediction is "far fetched" and "a good PR stunt."
By Daphne Howland • Jan. 3, 2018 -
Dyson opens NYC store on Fifth Avenue
The new space from the upscale appliance maker joins a host of brands opening stand-alone brick-and-mortar shops to spur engagement.
By Daphne Howland • Jan. 3, 2018 -
Amazon Prime shipped over 5B items in 2017
The online giant sent out a slew of statistics about its devices, Prime membership and streaming services — but what do they mean?
By Daphne Howland • Jan. 3, 2018 -
37 state and local minimum-wage increases take effect
Minimum-wage increases could impact retailers in 18 states and 19 cities, with more set for later in the year.
By Valerie Bolden-Barrett • Jan. 2, 2018 -
Rent-A-Center CEO resigns (again)
Mark Speese has left the top executive spot for the second time in less than five years, and the company, under activist pressure, is looking to sell itself.
By Ben Unglesbee • Jan. 2, 2018