Financial News: Page 239
-
Walmart's Modcloth, Bonobos employees to see benefit cuts
New medical benefits are inferior to many in e-commerce, according to a report from The New York Times, but a Walmart spokesperson said they are in line with most Fortune 500 companies.
By Daphne Howland • Nov. 28, 2017 -
Sneakers left on the shelf despite steep Black Friday discounts
More shoppers headed to stores to find footwear last weekend, but they weren't necessarily buying, according to the NPD Group's "Sneakernomics" report.
By Daphne Howland • Nov. 28, 2017 -
Amazon aggressively prices Echo in holiday power play
Heading into Cyber Monday, the company heavily promoted devices with its Alexa smart assistant, a segment where it already holds a 70% market share.
By Dan O'Shea • Nov. 28, 2017 -
Amazon's HQ2 offered billions in incentives by these cities, states
At $7 billion, New Jersey officials have offered the highest-dollar incentive program, followed by Irvine, CA; Philadelphia; and the state of Maryland.
By Mary Tyler March, Daphne Howland • Nov. 28, 2017 -
Lululemon, Nike score on Black Friday as 'retail-tainment' drives traffic
Retailers used live music and snacks to draw customers into stores, but helpful staff and well-stocked shelves didn't hurt, according to a report from Fung Global Retail & Technology.
By Daphne Howland • Nov. 28, 2017 -
Outdoor Voices to open first West Coast store
The company began selling online only, but, like so many pure-play e-commerce ventures, has expanded into brick and mortar with six stores across the country.
By Daphne Howland • Nov. 28, 2017 -
Saks deconstructs the department store with 3 new concepts
The trio of stand-alone shops — The Collective, The Vault and 10022 SHOE — feature top performing luxury categories and is a welcome bit of news for beleaguered Hudson's Bay Co.
By Daphne Howland • Nov. 28, 2017 -
Amazon devoured 55% of Black Friday online orders
The e-commerce giant accounted for 7.14 million of the 13 million digital transactions that occurred on the holiday.
By Dan O'Shea • Nov. 27, 2017 -
Kay Jewelers offers virtual necklace trial on Snapchat
The jewelry chain is giving mobile users a way to virtually try on looks and play an interactive AR game.
By Robert Williams • Nov. 27, 2017 -
DSW writes down Ebuys by $53M as unit loses money
As an analyst said of the footwear retailer's Q3 performance, "Essentially Ebuys muddied a story of progress that was already hindered by uncooperative weather."
By Daphne Howland • Nov. 27, 2017 -
Dov Charney's new venture launches retail arm
The news comes as American Apparel, Charney's first retail venture now under Gildan's ownership, is under fire for unethical labor practices overseas.
By Daphne Howland • Nov. 27, 2017 -
WeWork reportedly expanding into retail
The co-founder of the workspace provider has a vision of retail that could return it to the heyday of department stores, when they were housed in beautiful structures in the heart of cities.
By Daphne Howland • Nov. 27, 2017 -
How Walmart is using tech this holiday season
Advances such as virtual reality-based training and inventory-scanning robots have arrived just in time to make the holiday rush more manageable for staff.
By Dan O'Shea • Nov. 26, 2017 -
Deep Dive
What 4 charts from Black Friday 2016 tell us about this year
The big shopping day is key for retailers across the sector. Here are some of the top trends we saw last year — and can expect to see again.
By Cara Salpini • Nov. 22, 2017 -
J. Crew to close 50 stores as sales plunge, again
The company has improved margins and sales soared at Madewell stores, but a 12% sales plunge at the flagship banner is holding J. Crew back as it tries for a turnaround.
By Ben Unglesbee • Nov. 22, 2017 -
Adult entertainment site to open NYC shop on Black Friday
Pornhub will sell mostly apparel at its first retail store, but hopes to seduce shoppers with an experience designed to simulate the look and feel of its homepage.
By Daphne Howland • Nov. 22, 2017 -
Neiman Marcus turns the corner on sales, but losses widen
The luxury retailer badly needed a sales win for the quarter and got one, but the company's long-term financial story won't change unless it can boost sales with fewer costs.
By Ben Unglesbee • Nov. 22, 2017 -
Rite Aid could be the prescription for Amazon's pharmacy ambitions
Merger plans with Walgreens were dashed earlier this year, but the drugstore retailer could give Amazon what it needs to move into pharmacy sales, according to a note from Cowen & Co.
By Daphne Howland • Nov. 22, 2017 -
Dollar Tree sheds costs as sales grow 6%
The dollar store company is benefiting from the format and locations of its stores, and, unlike many retailers, has plans to vastly expand its brick-and-mortar footprint.
By Daphne Howland • Nov. 22, 2017 -
Lowe's still 'playing second fiddle' to Home Depot
The home improvement retailer needs to differentiate itself from its booming rival.
By Daphne Howland • Nov. 22, 2017 -
Urban Outfitters' reliance on Free People is 'problematic'
The company reversed its fortunes from the last two quarters, and is posting good numbers online, but it might be banking too much on just one brand.
By Daphne Howland • Nov. 21, 2017 -
Locus Robotics grabs $25M, signs on DHL
The robotics company raised $25 million in Series B funding, leading retail one stop closer to automated supply chains.
By Dan O'Shea • Nov. 21, 2017 -
Alibaba investing $3B in brick-and-mortar grocer
The Chinese e-commerce giant has formed an alliance with French retail company Auchan Retail and Taiwanese Ruentex to expand its physical footprint across the country.
By Daphne Howland • Nov. 21, 2017 -
Shiekh Shoes reportedly scrambling to avoid bankruptcy
The streetwear sneaker company, which bought e-retailer Karmaloop last year, is searching for financing to avoid bankruptcy.
By Daphne Howland • Nov. 20, 2017 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Saks launches gift-themed Messenger chatbot ahead of Black Friday
The offering could help the retailer reach young shoppers earlier in the buying journey than the typical customer service bot.
By Natalie Black (Koltun) • Nov. 20, 2017