Financial News: Page 240


  • B8ta launches Handy in-home tech installation

    Partnerships between retailers and service providers could help smaller players find opportunities amid Amazon's push into the home services segment.

    By Dec. 13, 2017
  • Westfield accepts $15.7B takeover bid

    Pending regulatory approval, Europe's largest commercial property company will acquire the mall operator, whose top execs are all slated to retire.

    By Dec. 12, 2017
  • Walmart taps former Amazon exec for Asda

    It's a return for Rob McWilliam, who spent 13 years at the U.K. grocer in various roles until he jumped to Amazon in 2013.

    By Dec. 12, 2017
  • A gloomy outlook for Hudson's Bay

    Analysts with S&P posted a negative outlook for the retailer, saying that troubles in the sector might outweigh Hudson's Bay's moves to shore up its balance sheet. 

    By Dec. 12, 2017
  • J.C. Penney launches 'Big and Tall' subscription box

    In collaboration with Bombfell, the discount department store is looking to pique interest in men's apparel with a cheaper Stitch Fix-like concept.

    By Dec. 12, 2017
  • Charming Charlie files for bankruptcy, closing 100 stores

    Once a hot and growing specialty retailer, the company's CFO said that it has run out of cash and was without critical inventory during the holiday sales period. 

    By Dec. 12, 2017
  • Brookfield Property's $14.8B bid reportedly rejected by GGP

    The mall developer's largest shareholder last month said that it made a non-binding proposal to acquire the remaining 66% of GGP, but analysts say the offer was too low.

    By Dec. 12, 2017
  • Opinion

    What a Sears lawsuit against a supplier means for retailers

    Sears' unusual move to take suppliers to court could have implications for other beleaguered retailers, writes David Banker and Keara Waldron of Lowenstein Sandler.

    By David M. Banker, Esq, Keara Waldron, Esq • Dec. 11, 2017
  • Lundgren done with Macy's

    With the former CEO no longer in the building, Jeff Gennette may be able to realize a more holistic strategy for the department store retailer.

    By Dec. 11, 2017
  • Cannabis retailer snaps up Eddie Bauer exec

    Laurie Bosch, who has also managed store operations for Williams-Sonoma and J. Crew, is being brought on to develop "differentiated shopping experiences."

    By Dec. 11, 2017
  • Home Depot calls fears of tax reform 'overblown'

    At the Investor Day last week, executives downplayed any effect of mortgage deduction changes, and outlined a plan for a $5.4 billion investment.

    By Dec. 11, 2017
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    Retail jobs climb amid 'one of the strongest gains all year'

    Retailers have hired nearly 13,000 workers during the holidays, although wage growth remains tepid.

    By Dec. 11, 2017
  • Pottery Barn inks online deal with Leesa Sleep

    The move comes weeks after Williams Sonoma sibling West Elm partnered with the mattress startup to sell its products in more than 80 stores and online.

    By Dec. 8, 2017
  • Toys R Us lenders dig into owner payouts

    The court approved a bonus plan for the bankrupt toy retailer's executives, and a group of creditors wants to know more about the company's financial relationship with private equity sponsors. 

    By Dec. 8, 2017
  • Restoration Hardware chasing upscale, luxury sales

    The company is letting Amazon and Wayfair duke it out for middle-of-the-road furniture sales, and still prefers its print catalog to social media marketing.

    By Dec. 8, 2017
  • Ikea, Sonos bring speakers closer to home

    The Swedish furniture retailer has partnered with the wireless speaker manufacturer to create a smart home sound experience.

    By Dec. 8, 2017
  • Walmart strikes a ‘Tasty’ deal with BuzzFeed

    The partnership with the recipe app allows the retailer to sell kitchenware and appliances on the network's video pages, challenging Amazon's string of deals with recipe sites.  

    By Jeff Wells • Dec. 8, 2017
  • Coach partners with Snapchat for scannable holiday pins

    Users of the new product can scan a code with a smartphone camera to play an arcade game based on the brand's holiday video campaign. 

    By David Kirkpatrick , Natalie Black (Koltun) • Dec. 8, 2017
  • Hudson's Bay sheds another Lord & Taylor store

    In a move to maximize its real estate holdings, the company recently raised $23 million by selling two Lord & Taylor leases, including one in Skokie, IL.

    By Dec. 8, 2017
  • Liberty of London exec returning to Neiman Marcus

    Ed Burstell will arrive at the luxury department store at the start of a key rebuilding year, during which he will be charged with driving product innovation.

    By Dec. 7, 2017
  • Lululemon sales soar 14%, but profit takes a hit

    The athleisure brand has recovered nicely from quality and fashion missteps, and analysts expect its upward trajectory to continue.

    By Dec. 7, 2017
  • Dollar General adding 900 new stores in 2018

    The discounter is remodeling and building out its store base at a frenetic pace, justified in part by an 11% year-over-year sales increase in the third quarter.

    By Dec. 7, 2017
  • Hudson's Bay falters as cuts undermine sales

    The company seems to be hobbled by its focus on real estate investments, but executives say that holiday sales will help strengthen results.

    By Dec. 7, 2017
  • Roots unveils brick-and-mortar expansion

    The outdoorsy brand is pivoting to more urban styles and has already signed four new U.S. leases for next year.

    By Dec. 7, 2017
  • UPS swamped with shipments, warns of delays

    Retailers may need to offer buy online, pick up in store options to avoid blame for delayed deliveries.

    By Jennifer McKevitt • Dec. 7, 2017