Financial News: Page 239


  • Walmart shuttering 63 Sam's Clubs in shift to e-commerce

    Twelve of the locations will be converted to e-commerce fulfillment centers, a symbol of Walmart's recent focus on online shopping.

    By Jan. 12, 2018
  • Sports retailers should court women and streetwear in 2018

    Some changes will cost retailers sales in the short term, according to NPD Group VP Matt Powell, and the state of the sector will get worse before it gets better.

    By Jan. 11, 2018
  • Walgreens launches first new store concept in years

    The pilot stores will open by early summer and focus on enhanced beauty and health services.

    By Jan. 11, 2018
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    UPDATE: Sears holiday sales plummet 16%

    The ailing department store retailer reported another staggering drop in its comparable store sales for the first two months of Q4 as it borrowed another $100 million from its CEO's hedge fund. 

    By Jan. 11, 2018
  • Walmart to bump starting hourly pay up to $11

    The retailer is positioning the increase as a benefit of tax reform, but it could also have a lot to do with rising minimum wage requirements nationwide.

    By Jan. 11, 2018
  • Headshot of Under Armour Founder Kevin Plank
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    The image by Dcavalli is licensed under CC BY-SA 3.0
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    Under Armour debuts connected running shoes

    The athletics retailer looks to shake off its 2017 market blues at CES with the release of next-gen connected footwear.

    By Jan. 11, 2018
  • Deep Dive

    Will Amazon give beauty a makeover?

    Speculation abounds that the e-commerce giant could be brushing up against the beauty sector next. But how much do players like Sephora and Ulta really have to fear?

    By Jan. 11, 2018
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    Sephora
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    Deep Dive

    15 experiential stores to see in NYC

    Peek inside these concept locations for a view of retail's latest and greatest.  

    By Jan. 11, 2018
  • Kohl's looks for grocers to fill store space

    According to CEO Kevin Mansell, the purpose of any such deal would be to increase traffic and sales at the discount retailer.

    By Jan. 11, 2018
  • Home Depot showcases DIY projects in Pinterest pins

    The brand's "Built-In Pins" promotion used vertical video and a 360-degree experience to show how a couple transformed four rooms in their house.

    By Robert Williams • Jan. 10, 2018
  • Lands' End to stop 'relying on Sears'

    The brand has 180 stores in Sears locations and just 11 Lands' End stores — but that ratio is destined to change, as the Sears partnership "goes away," according to CEO Jerome Griffith.

    By Jan. 10, 2018
  • Retail exodus from malls could be understated

    There are still plenty of healthy in-line tenants, but many are more selective about where they open, according to new research from Green Street.

    By Jan. 10, 2018
  • Google lines up an army of assistant-enabled products

    The tech company is throwing its virtual assistant into heated competition with Amazon's Alexa, with plans to put Google Assistant into many new products.

    By Jan. 10, 2018
  • Amazon’s Alexa strategy hinges on everyday items — even toilets

    The company is determined to stay ahead of Google Assistant, and it's getting Alexa into as many products as possible in the process.  

    By Jan. 10, 2018
  • Nordstrom reports healthy holiday sales

    The company raked in a 2.5% net sales bump, reflecting improvements in full-line and off-price stores as well as growth in e-commerce.

    By Jan. 10, 2018
  • Circuit City to relaunch Feb. 15

    The company also announced plans for physical store concepts that will resemble an Apple-Best Buy hybrid.

    By Jan. 10, 2018
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    Wal-Mart
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    Walmart expanding ‘Scan & Go’ mobile checkout to 100 more stores this month

    The retailer's pilot program is addressing consumer demand for a faster front-end experience while also keeping pace with rivals Amazon and Kroger.

    By Pamela DeLoatch • Jan. 9, 2018
  • Toyota partners with Uber, Amazon, Pizza Hut to roll out 'flexible' vehicles

    The alliance of brands unveiled a concept car this week at CES that can quickly switch from delivery truck or mobile store to ride-sharing vehicle.

    By Robert Williams • Jan. 9, 2018
  • Target hits a bullseye with holiday sales

    Stores fulfilled more than 70% of digital orders during the holiday months, showcasing the importance of omnichannel. 

    By Jan. 9, 2018
  • Walmart could scoop up one of these 11 startups

    There's plenty of speculation as to Amazon's next acquisition, but Walmart has needs too, and has shown a willingness to spend. 

    By Jan. 9, 2018
  • American Eagle beats estimates with strong holiday season

    The company, helped by overall strength in apparel sales and by the Aerie lingerie brand, reiterated its guidance for the fourth quarter.

    By Jan. 9, 2018
  • Lululemon raises sales, profit guidance on strong holiday sales

    The company is buoyed by digital growth and sales of women's and men's proprietary fabrics. Now it just needs to maintain momentum.

    By Jan. 9, 2018
  • Target adds 'Universal Thread' to private label stable

    Target's latest denim brand is part of the retailer's differentiation strategy and is based on consumer feedback and features inclusive sizing. 

    By Jan. 9, 2018
  • Kohl's posts banner holiday period, sales up 7%

    The discount department store chain raised its profit outlook for 2017 and could see its position strengthen even more as peers close stores. 

    By Jan. 8, 2018
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    Retailers scale back employment

    Retail employment in stores overall declined by 20,000 jobs in December, in part due to a shift in seasonal hiring patterns.

    By Jan. 8, 2018