Financial News: Page 240
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Bon-Ton Stores closing 'at least' 40 stores next year
The struggling department store retailer could close around 15% of its footprint as same-store sales fall again.
By Daphne Howland • Nov. 20, 2017 -
Walmart calls dibs on 15 Tesla trucks
The company that already owns the largest truck fleet in retail is making a big bet on the just-unveiled electric model from Tesla.
By Dan O'Shea • Nov. 19, 2017 -
Bankrupt Toys R Us wants $16M for executive bonuses
The request is being met with resistance as some wonder if the toy seller can navigate the holiday season and emerge from bankruptcy.
By Daphne Howland • Nov. 17, 2017 -
Abercrombie & Fitch soars on sales gains as Hollister shines
The teen apparel company's turnaround is starting to bear fruit with the first same store sales increase since 2015.
By Daphne Howland • Nov. 17, 2017 -
Amazon Go edges closer to frictionless shopping vision
The technology behind Amazon Go is getting better, but what comes next and when isn't clear, according to Bloomberg.
By Dan O'Shea • Nov. 17, 2017 -
Williams-Sonoma gets an edge in the augmented reality race
The home goods retailer acquired Outward, a 3-D imaging startup, in what looks to be a dedicated move toward using more of the tech.
By Dan O'Shea • Nov. 17, 2017 -
Lululemon debuts sneaker line
Partnering with Athletic Propulsion Labs, the athletics retailer has started selling shoes in 23 stores — three of those styles are exclusive to Lululemon.
By Daphne Howland • Nov. 17, 2017 -
Gap banks on Athleta, Old Navy for growth
Coming off a fourth straight quarter of same store sales increases, the Gap's turnaround efforts seem to be taking hold, but the company problems remain for two of its brands.
By Daphne Howland • Nov. 17, 2017 -
Deep Dive
12 major retailers that could go bankrupt
With the Toys R Us bankruptcy highlighting the chaotic, risky world for some retailers, we revisited our list of big industry names who could go bust over the next year.
By Ben Unglesbee • Nov. 16, 2017 -
Wayfair expands appliance offerings with GE brands
The online furniture retailer is joining J.C. Penney in turning to appliance sales, as once-formidable Sears shrinks.
By Daphne Howland • Nov. 16, 2017 -
Walmart online sales surge 50% in Q3
But price cuts and the cost of growing e-commerce are hurting the retail giant’s bottom line.
By Daphne Howland • Nov. 16, 2017 -
Forever 21 investigating POS security breach
Encryption and other protective measures used by the retailer may not have been operating on affected point of sale systems when the breach occurred.
By Dan O'Shea • Nov. 16, 2017 -
Best Buy blames sales miss on late iPhone X
Despite missing projections for a 4.8% sales increase in Q3, the electronics retailer is well-positioned for the holidays, analysts say.
By Daphne Howland • Nov. 16, 2017 -
Activist pressure cracking down on mall developer Taubman
Plenty of malls are struggling as retailers falter, but Taubman’s malls are doing quite well. That’s what has activist investors seething.
By Daphne Howland • Nov. 16, 2017 -
Petco scoops up subscription service Pupbox
Subscription services are proving to be a trendy business model for all retailers, from clothes to pet supplies.
By Daphne Howland • Nov. 16, 2017 -
Amazon could be worth $1 trillion in 2018
Retailers that want to compete in the landscape being shaped by Jeff Bezos, though, must do more than simply mimic the e-commerce juggernaut.
By Daphne Howland • Nov. 15, 2017 -
TJX 'left some business on the table' in rare sales miss
But the retail company has already addressed what it calls a "fashion miss" and expects a happy holiday quarter.
By Daphne Howland • Nov. 15, 2017 -
Robot manufacturer gains $17.5 million in funding
Bossa Nova Robotics gets a financial boost as it looks to leverage growing interest in robots for retail.
By Dan O'Shea • Nov. 15, 2017 -
Target sales are up but forecasts a competitive holiday ahead
Price cuts are helping but the transformation is going slowly and the mass merchant needs to be bolder and more creative, especially in stores, say analysts.
By Daphne Howland • Nov. 15, 2017 -
Home Depot buoyed by hurricane forces
But the home improvement chain isn’t just sitting there reaping benefits of outside forces — it’s building a business that maintains a firewall against Amazon, analysts say.
By Daphne Howland • Nov. 14, 2017 -
Brookfield Property bids $15B for mall developer
Malls are under siege, but General Growth Properties holds some of the best performing shopping centers in the U.S.
By Daphne Howland • Nov. 14, 2017 -
Costco outpaces Walmart, Jet and Amazon on grocery delivery ad clicks
After a reluctant entry into the market, the club store earned 11.4% of all hits on searches related to the service, placing it second behind Instacart during a recent two-week span.
By Jeff Wells • Nov. 14, 2017 -
A.C. Moore buys two e-commerce startups
The arts and crafts retailer is expanding aggressively online and in-store amid stiff competition in the space.
By Daphne Howland • Nov. 14, 2017 -
Deep Dive
7 retailers that are ripe for acquisition
Walmart and Amazon have been hungry for acquisitions, and the big fish are looking for deals to make them more competitive.
By Ben Unglesbee • Nov. 13, 2017 -
Target's 'next gen' store caters to 2 types of customers
The new store concept has two distinct entrances that allow some customers to get in and out easily, and others to take their time browsing.
By Corinne Ruff • Nov. 13, 2017