Financial News: Page
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KB Toys plots a comeback as Toys R Us collapses
As the toy retailer winds down operations, a business that revives old brands is trying to bring back defunct KB Toys — with Toys R Us employees.
By Ben Unglesbee • March 21, 2018 -
Retrieved from Walmart on March 21, 2018
Walmart opening FedEx Office locations in 500 stores
The companies piloted the effort in 47 Walmart stores in six states, and will expand in the next 24 months.
By Daphne Howland • March 21, 2018 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Deep Dive
Why retailers are prioritizing private label
Whether it's to protect market share from Amazon or meet demands for uniqueness, more companies are building out proprietary lines, but it doesn't come without challenges.
By Corinne Ruff • March 21, 2018 -
Deep Dive
Glossier's customer obsession is about stirring up conversation
During a keynote at Shoptalk, CEO Emily Weiss highlighted social sharing as one of the company's biggest drivers of growth.
By Corinne Ruff • March 21, 2018 -
Deep Dive
Why Lowe’s is doubling down on AR for mobile
The company partnered with Google Tuesday to launch an augmented reality-enabled feature showcasing the spring collection on its mobile app.
By Corinne Ruff • March 20, 2018 -
Joann eyes maker movement with new business program
The 75-year-old company hasn't done much beyond its usual sales to cater to the environment ushered in by Etsy a decade ago, but that's changing with JOANN+.
By Daphne Howland • March 20, 2018 -
Amazon reportedly interested in some Toys R Us stores
The e-tailer is looking to expand its physical footprint with parts from the bankrupt toy giant, according to Bloomberg.
By Ben Unglesbee • March 20, 2018 -
Report: High turnover rate among top women in retail hurting the industry
The candidate pool for executive-level manager and C-suite positions at retailers and consumer brands is 83% white and 67% male, according to a new report from The Network of Executive Women.
By Daphne Howland • March 20, 2018 -
Retailers speak out against China trade sanctions
An open letter to President Donald Trump from 25 major retailers said the proposed tariffs would "punish American working families" and increase the cost of household basics.
By Daphne Howland • March 20, 2018 -
Walmart adding assembly services to 2,000 stores
The retail giant is partnering with odd-job network Handy to bring TV mounting and furniture assembly services, a move that comes as Walmart revamps its furniture offerings.
By Daphne Howland • March 20, 2018 -
Deep Dive
How Amazon Go went from press release to a real live store
Machine learning, computer vision and people are the secret sauce making Amazon Go go, executives said during a keynote at Shoptalk Sunday.
By Laura Heller • March 19, 2018 -
Claire's files for bankruptcy
The teen retailer entered Chapter 11 with a plan to reduce its debt load, inject new capital and let lenders take over a stake in the company.
By Ben Unglesbee • March 19, 2018 -
True Value announces buyout deal with private equity firm
If the deal is approved by members, it would end the hardware seller's days as a co-op, with retailers losing majority control in return for being able to cash in their equity.
By Ben Unglesbee • March 19, 2018 -
Authentic Brands snaps up Nautica from VF
This is the company's largest brand acquisition to date and will expand the Authentic Brands portfolio to nearly $7 billion in global retail sales, as VF continues to pare down its own stable.
By Daphne Howland • March 19, 2018 -
L.L. Bean laying off 100 amid flat sales
The iconic bootmaker is also nixing a new plan to embed Internet of Things sensors into its apparel.
By Daphne Howland • March 19, 2018 -
FAO Schwarz inks deal for North America airports
As former parent company Toys R Us fades away, the iconic toy seller is engineering a comeback.
By Daphne Howland • March 19, 2018 -
Deep Dive
Macy’s CEO: Heritage won’t bring the company into the future
In a keynote at Shoptalk, CEO Jeff Gennette touted virtual reality for furniture sales, mobile checkout and private label as key pieces of the company's transformation.
By Corinne Ruff • March 19, 2018 -
Nike brand chief departing amid misconduct allegations
Trevor Edwards has been widely seen as a successor to Nike CEO Mark Parker, who will now delay his own departure, Bloomberg reports.
By Daphne Howland • March 16, 2018 -
Ulta same-store sales momentum slows
An increase in e-commerce sales drove higher discounts and a variety of factors is leading the beauty retailer to scale back future expectations.
By Daphne Howland • March 16, 2018 -
Winn-Dixie parent Southeastern Grocers is filing for bankruptcy
The struggling company will close 94 stores across various banners and keep another 582 running.
By Jeff Wells • March 16, 2018 -
Boxed CFO out amid acquisition rumors
Acquiring the consumer goods e-commerce site is a logical play for a number of retailers as consumers increasingly do their grocery shopping online.
By Daphne Howland • March 16, 2018 -
Whistleblower alleges Walmart inflated digital sales
The retailer, however, said it looked into the "disgruntled" former executive's claims and found nothing of concern.
By Daphne Howland • March 16, 2018 -
Deep Dive
How Toys R Us' bankruptcy hopes came crashing down
The toy seller entered Chapter 11 with the goal of a leaner, better business. Instead, a terrible holiday season sent it in a different direction.
By Ben Unglesbee • March 15, 2018 -
Dollar General to open 900 stores in 2018
The company’s 28th consecutive year of positive same-store sales growth shows that not all retail is hurting, analysts say.
By Daphne Howland • March 15, 2018 -
Sears plans to build on 2017 'progress' as comps drop 15%
Executives maintain that operational performance is improving and the company is fully committed to a transformation.
By Corinne Ruff • March 15, 2018
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