Financial News: Page 239
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J. Crew taps Starbucks digital exec
Adam Brotman is widely credited with spearheading the coffeehouse chain's mobile payment and loyalty innovations.
By Daphne Howland • Feb. 20, 2018 -
Amazon to pay disgruntled workers up to $5K to leave
"The Offer" is essentially a form of self-select weed out, where employees who are no longer invested in the job are given an incentive to quit.
By Valerie Bolden-Barrett • Feb. 16, 2018 -
Sears could squeeze out positive profit for Q4
But the ailing retailer's sales have continued down an abysmal path, even during a holiday season that lifted the department store sector.
By Ben Unglesbee • Feb. 16, 2018 -
FAO Schwarz to return with new stores and a New York flagship
The iconic toy retailer has plans for airport locations in the U.S. and Canada, and a series of stores in China.
By Daphne Howland • Feb. 16, 2018 -
H&M reveals e-commerce future
Executives asked for patience as they build online operations and new brands, but some investors are worried about the flagship.
By Daphne Howland • Feb. 16, 2018 -
Retrieved from Amazon on December 07, 2016
Prime members drive Amazon apparel sales
Apparel shoppers see Amazon essentially as an online off-price retailer, expecting good value at less than full price, according to a new report.
By Daphne Howland • Feb. 15, 2018 -
Home Depot launches mobile job app for spring hiring
The home improvement retailer needs to fill more than 80,000 seasonal positions for spring.
By Daphne Howland • Feb. 15, 2018 -
J. Crew to partner with WeWork
The retailer will open pop-ups at several WeWork locations and host panel discussions with the shared office space company.
By Daphne Howland • Feb. 15, 2018 -
NRF: January's retail sales nearly as good as the holidays
The association paints a rosier picture than the Commerce Department, but 2018 promises much uncertainty for retailers as consumers face inflation, sluggish wages and heavy debt loads.
By Daphne Howland • Feb. 14, 2018 -
Ace Hardware sales climb 5% in 2017
The hardware co-op added millions in new sales from last year's acquisition of the Grommet as it also posts strong same-store sales and builds new locations.
By Ben Unglesbee • Feb. 14, 2018 -
Guess investigating 'allegations of improper conduct' against co-founder
Things are only getting worse for the brand, which announced that a special committee is looking into sexual harassment allegations against Paul Marciano, which he denies.
By Daphne Howland • Feb. 14, 2018 -
Opinion
How to close stores and still succeed
Considering the impact shuttering stores has on digital sales, retailers are better off transforming them into showrooms or BOPIS depots, writes Lee Peterson of WD Partners.
By Lee Peterson • Feb. 14, 2018 -
Genesco is putting Lids up for sale
Under pressure from activist investors, the company is looking to unload the ailing hat seller and focus on its shoe business.
By Ben Unglesbee • Feb. 14, 2018 -
January retail sales plummet
Sales posted the largest decline in 11 months, falling 0.3%, but most segments showed year-over-year growth.
By Daphne Howland • Feb. 14, 2018 -
Walmart to consolidate department managers in some stores
The retail giant is eliminating positions in the mobile department and online pickup areas, but a spokesman said he doesn't anticipate major layoffs, disputing recent reports.
By Daphne Howland • Feb. 14, 2018 -
Sam's Club perks up premium membership with free shipping
As part of a broader effort to reduce complexities, the wholesale retailer is also combining savings and business programs as competition with Amazon heats up.
By Corinne Ruff • Feb. 14, 2018 -
J.C. Penney cutting 670 jobs, closing distribution center
The company announced a plan to align its supply chain with "future" needs, indicating more changes could be coming.
By Daphne Howland • Feb. 14, 2018 -
Whole Foods suppliers balk at new buying policies
Vendors are being hit with fees and other policy changes, and some of them are mad enough to quit doing business with the retailer.
By Cathy Siegner • Feb. 14, 2018 -
Under Armour's North American business drags down revenue
The brand beat expectations overall in the fourth quarter, but U.S. operations are still the main source of the company's woes, according to GlobalData Retail Managing Director Neil Saunders.
By Daphne Howland • Feb. 13, 2018 -
Land of Nod closes all stores
The Crate & Barrel-owned children's home goods and furniture brand will continue selling online and through Crate & Barrel stores nationwide.
By Daphne Howland • Feb. 13, 2018 -
Sears Canada creditors looking at payments to Lampert
As stakeholders fight over the remains of the Canadian retailer, Sears Holdings keeps closing stores in the U.S. — a potential boon for box retailers, according to UBS analysts.
By Ben Unglesbee • Feb. 13, 2018 -
Alibaba throws $1.3B into brick-and-mortar strategy
The Chinese retailer continues to balance its e-commerce dominance with growing, diversified investments in brick-and-mortar retail.
By Dan O'Shea • Feb. 13, 2018 -
Walgreens considers acquiring drug distributor Amerisource
A successful deal would give the retailer greater control over its drug supply chain.
By Shefali Kapadia • Feb. 13, 2018 -
Deep Dive
7 retail execs envision the future of stores
Executives from Best Buy, The Home Depot and MM.LaFleur share their visions for the future of retail at Future Stores Miami.
By Corinne Ruff • Feb. 13, 2018 -
Barnes & Noble cuts staff after bleak holiday sales
The big box retailer also said it brought in a new chief merchandising officer as it looks to get back to its bookish roots.
By Daphne Howland • Feb. 13, 2018