Financial News: Page 241
-
J. Crew once hoped for an Amazon takeover
But that doesn't mean retail guru Mickey Drexler sees any wisdom in apparel brands selling on Amazon's site.
By Daphne Howland • Nov. 13, 2017 -
New J.C. Penney strategy evokes Ron Johnson
The retailer bested expectations thanks in part to a radical move to clear out its women's apparel. The question now becomes: what's next?
By Daphne Howland • Nov. 13, 2017 -
Nordstrom full-line sales decline as Rack rises 5.5%
Off-price sales rose, but were still lower than expected as Nordstrom struggles to balance full-price, discount and online channels.
By Daphne Howland • Nov. 10, 2017 -
Sears celebrates rare store openings
The struggling retailer is opening two new appliance and mattress stores – but its store closures for the year are nearing 400.
By Daphne Howland • Nov. 10, 2017 -
Burberry announces ambitious turnaround plan
The effort will take time and resources, and Burberry warned it will hamper sales growth until 2021.
By Daphne Howland • Nov. 10, 2017 -
Kohl's breaks sales losing streak
Sales improvements are partially thanks to a strong back-to-school season, but the 'meager' lift wasn't reflected in the bottom line.
By Daphne Howland • Nov. 9, 2017 -
Macy's sales drop as focus shifts
But the department store retailer is focusing on the wrong things, analysts warn.
By Daphne Howland • Nov. 9, 2017 -
Sears pulls more financial levers as sales plunge
The maneuver gives Sears a break from paying into pension plans as the struggling company reports that same-store sales plummeted 15.3%.
By Daphne Howland • Nov. 9, 2017 -
Amazon takes on Wayfair with new furniture lines
Rivet, a mid-century modern line, and Stone & Beam, a farmhouse-style line, both come with a 30-day return policy and a three-year warranty.
By Daphne Howland • Nov. 9, 2017 -
LVMH shuffles executive suite for a 'new era'
For Christian Dior Couture in particular, CEO Bernard Arnault said the shakeup signals a new beginning for the luxury company.
By Daphne Howland • Nov. 9, 2017 -
Teen apparel chain Styles For Less files for bankruptcy
The California-based retailer, which plans to reorganize, joins a list of at least 20 high-profile retailers to file for bankruptcy so far this year.
By Corinne Ruff • Nov. 8, 2017 -
Only 17% of Americans want retailers to open on Thanksgiving
More shoppers than ever feel retailers are tainting their home-grown holiday, and industry experts say opening stores on the day may not pay off.
By Daphne Howland • Nov. 8, 2017 -
Container Store turnaround gains traction
The retailer has unfrozen its hourly wage hikes and is plotting brick-and-mortar improvements as it climbs out of a "retail funk."
By Daphne Howland • Nov. 8, 2017 -
Office Depot launches subscription 'box' for small businesses
The office supplies retailer has joined the subscription craze with a monthly delivery of services rather than products.
By Daphne Howland • Nov. 8, 2017 -
Target to close 12 underperforming stores
The mass merchant, however, continues to open small format stores and plans for roughly 35 new units in 2018, along with stepped up remodeling efforts.
By Daphne Howland • Nov. 8, 2017 -
Tapestry suffers surprise as sales drop at Coach, Kate Spade
Sales at the newly renamed company rose more than 24% but missed expectations as same store sales dropped at flagship brands.
By Daphne Howland • Nov. 7, 2017 -
Etsy roars back as revenue soars 21.5%
On the heels of new feature and tools releases, the e-retailer handily beat revenue and earnings expectations.
By Daphne Howland • Nov. 7, 2017 -
REI hires retail veteran CIO
Christine Putur, the second CIO in the company's history, is also the second woman to hold that position at the retailer.
By Dan O'Shea • Nov. 7, 2017 -
Target unveils big discounts ahead of Thanksgiving, Black Friday
The mass merchant plans to open on Thanksgiving for the fourth year in a row, but is scaling back hours and paying employees a premium.
By Daphne Howland • Nov. 7, 2017 -
CVS announces next-day and same-day delivery
The drugstore chain saw retail sales decline in the third quarter as it continues to emphasize health care operations.
By Daphne Howland • Nov. 7, 2017 -
Opinion
4 startups that go head to head with Amazon and Whole Foods
Despite the convenience, millennials really don't want to buy everything on Amazon, writes Alexa Binns of Borden Binns.
By Alexa Binns • Nov. 6, 2017 -
Home Depot tops major retailers in mobile web usability
Costco, on the other hand, has more work to do to improve the functionality, checkout, payment capability and content of its mobile website, according to a new report from Forrester.
By Robert Williams • Nov. 6, 2017 -
October retail employment clouded by hurricanes
The 18,000 job decline last month may also be explained by the shift to e-commerce, according to outplacement consultancy Challenger, Gray & Christmas.
By Daphne Howland • Nov. 6, 2017 -
J.C. Penney cuts chief merchant position
An executive shakeup comes just weeks after the department store retailer lowered its outlook for the third quarter.
By Daphne Howland • Nov. 6, 2017 -
Sears to close another 63 stores
The struggling retailer's store closures for the year nears 400 as the company does everything it can to bring costs in line with falling sales.
By Ben Unglesbee • Nov. 3, 2017