Financial News: Page 238
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Dive Awards
Store Concept of the Year: Sephora
In a retail landscape where experience is increasingly key to customer enjoyment, Sephora's store concepts are tech-heavy and service-oriented in a way many brick-and-mortar retailers haven't matched.
By Cara Salpini • Dec. 4, 2017 -
Prepare to drop 'shopping' from retail's emphasis
The vision outlined by commercial real estate services and investment firm CBRE is already emerging at several malls and retailers, most vividly at Apple.
By Daphne Howland • Dec. 4, 2017 -
Swarovski launches AR app experience at holiday pop-up
Perfect's YouCam apps let mobile users virtually try on holiday-inspired makeup and crystal jewelry from the brand.
By Robert Williams • Dec. 4, 2017 -
Dive Awards
Disappointment of the Year: J. Crew
Amid a mass exodus of top executives this spring, J. Crew seems ill-prepared to find the way back to its core consumer base as the retailer struggles to fight off falling sales and a large debt load.
By Cara Salpini • Dec. 4, 2017 -
Ulta online sales soar 63%
Even as the beauty retailer boosts e-commerce and omnichannel growth, it plans to keep building stores, with 100 slated to open next year.
By Daphne Howland • Dec. 4, 2017 -
Dive Awards
Retailer of the Year: Amazon
Try as we might, there's really no competition. Whether through acquisitions or in-house innovation, Amazon is setting the bar high and everyone else is just trying to come close.
By Ben Unglesbee • Dec. 4, 2017 -
CVS Health to buy Aetna for $69B
This move is a massive, if natural extension of CVS's ambitions to become an overall healthcare company and one that could alter the drugstore landscape.
By Daphne Howland • Dec. 4, 2017 -
GapKids teams up with Sarah Jessica Parker
The actress has brought her style chops to various brands at different price points, and the Gap spring collection will be available worldwide.
By Daphne Howland , Cara Salpini • Dec. 4, 2017 -
J.C. Penney cuts ties with Russell Simmons apparel
The Def Jam Recordings co-founder, who founded Argyleculture, is facing multiple allegations of sexual misconduct.
By Daphne Howland • Dec. 4, 2017 -
Macy's boosts holiday hiring by 7K thanks to strong traffic
Chief Stores Officer John Harper said the department store retailer has seen "high customer volume across our business" so far this season.
By Ben Unglesbee • Dec. 1, 2017 -
Gap's rally is over, analysts say
The apparel retail giant's stock boomed 40% over the last three months, but it can only rely on the better-performing Old Navy brand so much.
By Daphne Howland • Dec. 1, 2017 -
War with Amazon sparks change at Walmart, Target
The two big-box retailers have been especially focused on new services and competitive prices as the online giant has crept onto the scene.
By Daphne Howland • Dec. 1, 2017 -
WeWork tests Amazon’s Alexa for Business
The co-working company, which has been eyeing retail opportunities, is turning to Amazon for work spaces powered by the popular voice assistant.
By Dan O'Shea • Dec. 1, 2017 -
Ikea entering a 'test-and-learn' phase
Amid a profit fall, the furniture retailer is focusing on how and where it sells its goods, as well as potential acquisitions.
By Daphne Howland • Dec. 1, 2017 -
Sears slows the bleeding, but the story remains grim
Ongoing efforts to cut the department store retailer's costs reduced Sears' profit losses in Q3, but sales fell by $1.3 billion and its comparable store sales were down by an abysmal 15%.
By Ben Unglesbee • Nov. 30, 2017 -
Costco 'destroys' November with massive sales surge
Like Amazon, the warehouse retailer enjoys a sticky membership base, and that showed up in its monthly and quarterly sales results.
By Daphne Howland • Nov. 30, 2017 -
Simon bridges online and brick-and-mortar with 'The Edit'
The effort to reach online customers recalls "In Real Life," from GGP and could be a boon for both the mall and online sellers.
By Daphne Howland • Nov. 30, 2017 -
Amazon smashes Cyber Monday record
The online behemoth said Cyber Monday was the single biggest shopping day in the company's history, surpassing its Prime Day event for the most products ordered worldwide.
By Daphne Howland • Nov. 30, 2017 -
Duluth Trading Co. takes on L.L. Bean with 31st store opening
The Belleville, WI-based retailer is quietly expanding its customer base and physical footprint as rivals falter.
By Daphne Howland • Nov. 30, 2017 -
Deep Dive
Are Calvin Klein’s Amazon pop-ups dissing department stores?
Traditionally the brand releases exclusive collections through department store channels, but the partnership signals the apparel retailer is looking for new growth.
By Corinne Ruff • Nov. 29, 2017 -
New York & Co buys Fashion to Figure assets
The move is a vote of confidence in the significant and growing demand in the market for extended sizing.
By Daphne Howland • Nov. 29, 2017 -
Google Home, eBay make smart speakers smarter
Shopping via the AI assistant is about to get easier, with an app that moves customers off the device and onto their smartphone.
By Dan O'Shea • Nov. 29, 2017 -
Everlane to open first physical stores
Much is made of Everlane founder and CEO Michael Preysman's antipathy toward physical retail, but the brand has sold through physical locations for several years now.
By Daphne Howland • Nov. 29, 2017 -
Costco beats Amazon on price
The focus these days is on the emerging Amazon-Walmart price war, but new research shows that Costco handily beats the e-commerce giant across categories.
By Daphne Howland • Nov. 29, 2017 -
Abt Electronics sees a 15% holiday weekend sales jump
Single-store star Abt had a stellar start to the holiday season thanks to an emphasis on customer experience.
By Dan O'Shea • Nov. 28, 2017