Financial News: Page 248


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    ModCloth
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    Walmart's Modcloth, Bonobos employees to see benefit cuts

    New medical benefits are inferior to many in e-commerce, according to a report from The New York Times, but a Walmart spokesperson said they are in line with most Fortune 500 companies.

    By Nov. 28, 2017
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    Retrieved from Nike on March 09, 2017
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    Sneakers left on the shelf despite steep Black Friday discounts

    More shoppers headed to stores to find footwear last weekend, but they weren't necessarily buying, according to the NPD Group's "Sneakernomics" report.

    By Nov. 28, 2017
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    Retrieved from Amazon on September 28, 2017
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    Amazon aggressively prices Echo in holiday power play

    Heading into Cyber Monday, the company heavily promoted devices with its Alexa smart assistant, a segment where it already holds a 70% market share.

    By Nov. 28, 2017
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    Getty Images
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    Amazon's HQ2 offered billions in incentives by these cities, states

    At $7 billion, New Jersey officials have offered the highest-dollar incentive program, followed by Irvine, CA; Philadelphia; and the state of Maryland.

    By Mary Tyler March, Daphne Howland • Nov. 28, 2017
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    Retrieved from Nike on February 07, 2017
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    Lululemon, Nike score on Black Friday as 'retail-tainment' drives traffic

    Retailers used live music and snacks to draw customers into stores, but helpful staff and well-stocked shelves didn't hurt, according to a report from Fung Global Retail & Technology.

    By Nov. 28, 2017
  • Outdoor Voices to open first West Coast store

    The company began selling online only, but, like so many pure-play e-commerce ventures, has expanded into brick and mortar with six stores across the country.

    By Nov. 28, 2017
  • Saks deconstructs the department store with 3 new concepts

    The trio of stand-alone shops — The Collective, The Vault and 10022 SHOE — feature top performing luxury categories and is a welcome bit of news for beleaguered Hudson's Bay Co.

    By Nov. 28, 2017
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    Fotolia
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    Amazon devoured 55% of Black Friday online orders

    The e-commerce giant accounted for 7.14 million of the 13 million digital transactions that occurred on the holiday.

    By Nov. 27, 2017
  • Kay Jewelers offers virtual necklace trial on Snapchat

    The jewelry chain is giving mobile users a way to virtually try on looks and play an interactive AR game.

    By Robert Williams • Nov. 27, 2017
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    DSW writes down Ebuys by $53M as unit loses money

    As an analyst said of the footwear retailer's Q3 performance, "Essentially Ebuys muddied a story of progress that was already hindered by uncooperative weather."

    By Nov. 27, 2017
  • Dov Charney's new venture launches retail arm

    The news comes as American Apparel, Charney's first retail venture now under Gildan's ownership, is under fire for unethical labor practices overseas.

    By Nov. 27, 2017
  • WeWork reportedly expanding into retail

    The co-founder of the workspace provider has a vision of retail that could return it to the heyday of department stores, when they were housed in beautiful structures in the heart of cities.

    By Nov. 27, 2017
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    Retrieved from Walmart on October 30, 2017
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    How Walmart is using tech this holiday season

    Advances such as virtual reality-based training and inventory-scanning robots have arrived just in time to make the holiday rush more manageable for staff.

    By Nov. 26, 2017
  • Deep Dive

    What 4 charts from Black Friday 2016 tell us about this year

    The big shopping day is key for retailers across the sector. Here are some of the top trends we saw last year — and can expect to see again.

    By Nov. 22, 2017
  • J. Crew to close 50 stores as sales plunge, again

    The company has improved margins and sales soared at Madewell stores, but a 12% sales plunge at the flagship banner is holding J. Crew back as it tries for a turnaround.  

    By Nov. 22, 2017
  • Adult entertainment site to open NYC shop on Black Friday

    Pornhub will sell mostly apparel at its first retail store, but hopes to seduce shoppers with an experience designed to simulate the look and feel of its homepage.  

    By Nov. 22, 2017
  • Neiman Marcus turns the corner on sales, but losses widen

    The luxury retailer badly needed a sales win for the quarter and got one, but the company's long-term financial story won't change unless it can boost sales with fewer costs. 

    By Nov. 22, 2017
  • Rite Aid could be the prescription for Amazon's pharmacy ambitions

    Merger plans with Walgreens were dashed earlier this year, but the drugstore retailer could give Amazon what it needs to move into pharmacy sales, according to a note from Cowen & Co.

    By Nov. 22, 2017
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Dollar Tree sheds costs as sales grow 6%

    The dollar store company is benefiting from the format and locations of its stores, and, unlike many retailers, has plans to vastly expand its brick-and-mortar footprint.

    By Nov. 22, 2017
  • Lowe's still 'playing second fiddle' to Home Depot

    The home improvement retailer needs to differentiate itself from its booming rival.

    By Nov. 22, 2017
  • Urban Outfitters' reliance on Free People is 'problematic'

    The company reversed its fortunes from the last two quarters, and is posting good numbers online, but it might be banking too much on just one brand.

    By Nov. 21, 2017
  • Locus Robotics grabs $25M, signs on DHL

    The robotics company raised $25 million in Series B funding, leading retail one stop closer to automated supply chains.

    By Nov. 21, 2017
  • Alibaba investing $3B in brick-and-mortar grocer

    The Chinese e-commerce giant has formed an alliance with French retail company Auchan Retail and Taiwanese Ruentex to expand its physical footprint across the country. 

    By Nov. 21, 2017
  • Shiekh Shoes reportedly scrambling to avoid bankruptcy

    The streetwear sneaker company, which bought e-retailer Karmaloop last year, is searching for financing to avoid bankruptcy.

    By Nov. 20, 2017
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    Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
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    Saks launches gift-themed Messenger chatbot ahead of Black Friday

    The offering could help the retailer reach young shoppers earlier in the buying journey than the typical customer service bot. 

    By Natalie Black (Koltun) • Nov. 20, 2017