Financial News: Page 249


  • 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 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 Nov. 3, 2017
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Retail trade groups cheer Trump's Christmas tax reform deadline

    NRF president and CEO Matthew Shay said passing tax reform by Christmas would be "the perfect present for the American people and the U.S. economy."

    By Nov. 3, 2017
  • Untuckit to open 100 brick-and-mortar stores by 2022

    The online retailer plans to open 50 of those stores by the end of 2018 even as it expands its assortment to include children's apparel, according to CNBC.

    By Nov. 3, 2017
  • Under Armour CMO out after just 15 months

    Andrew Donkin joined the athletic apparel brand from Amazon, but is leaving following rough third-quarter earnings reported earlier this week.

    By David Kirkpatrick , Peter Adams • Nov. 3, 2017
  • For Ralph Lauren, a 'faint light' at the end of the tunnel

    The company's sales declines were mostly from its planned retreat from department stores and slowed discounts, but it still has work to do when it comes to product strategy.

    By Nov. 3, 2017
  • Image attribution tooltip
    Getty
    Image attribution tooltip

    Amazon takes a step toward cryptocurrency

    The retailer has registered several relevant domains. Is the move speculative, defensive or does Amazon have plans to accept new forms of payment?

    By Nov. 2, 2017
  • Costco shrugs off Amazon

    While some analysts worry about the warehouse retailer's brick-and-mortar focus, the company continues to boast impressive earnings.

    By Nov. 2, 2017
  • Hudson's Bay gets $3.5B offer for German unit

    There's an offer from a rival on the table and an activist fund crying foul over a recent investment as boardroom antics heat up.

    By Nov. 2, 2017
  • Alibaba kicks off Singles Day on the heels of stellar Q2 growth

    In the same week that Amazon launched Black Friday sales 50 days early, the Chinese e-commerce giant launched interactive games and a "see now, buy now" fashion show to entice shoppers during its Singles Day event.

    By Nov. 2, 2017
  • Wayfair sales soar as furniture shoppers increasingly go online

    On a call with analysts Thursday, executives emphasized a focus on repeat customer orders and rising per-customer spend.

    By Nov. 2, 2017
  • Moody's: 'Life could get a lot tougher, a lot quicker' for retailers

    The Toys R Us bankruptcy has investors spooked, and analysts with the ratings agency believe it could have a "ripple" affect throughout the industry. 

    By Nov. 2, 2017
  • Walmart dumps Danskin

    The retail giant may be hoping to replace the iconic brand with one of its own making in the popular and very competitive athleisure market. 

    By Nov. 1, 2017
  • Rent-A-Center exploring a sale amid activist pressure

    After reportedly spurning private equity offers this year, the rent-to-own retailer is again looking at a possible sale of the company.

    By Nov. 1, 2017
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Sears issues searing response to WSJ story

    The retailer described the article about its financial troubles as "yet another rehash of inaccurate assertions and negative speculation about Sears Holdings and its future."

    By Nov. 1, 2017
  • Only 58% of retailers invest in tech to handle holiday sales spikes

    Seasonal hiring and additional inventory may no longer be the best way to handle holiday shopping spikes, a new survey found.

    By Nov. 1, 2017
  • Pirch shutters all non-California stores

    The experiential upstart appliance retailer is a poster child for today’s brick-and-mortar ideals, and, despite its failed expansion, the company is hardly giving up.

    By Nov. 1, 2017
  • Image attribution tooltip
    Corinne Ruff
    Image attribution tooltip
    Deep Dive

    A peek inside Nordstrom's merchandise-free 'Local' shop

    The store borrows from the showroom concept and is all about experience, as Nordstrom embraces the spirit of innovation to attract new demographics and better compete. 

    By Nov. 1, 2017
  • Macy's opens 'digital playground' at Herald Square

    It’s a return, of sorts, to the department store electronics section, but it could be too little, too late for Macy’s.

    By Nov. 1, 2017
  • Sharper Image returns with Times Square pop-up

    The two-story location in one of New York City's busiest shopping districts will be open seven days a week, "now through the holidays," according to the brand's Facebook page.

    By Nov. 1, 2017
  • Charming Charlie reportedly seeks a loan ahead of holidays

    The jewelry and accessories retailer is burning cash and looking for a financial lifeline to help it avoid bankruptcy, sources told The Wall Street Journal.

    By Oct. 31, 2017
  • Under Armour becoming 'just another brand in a sea of brands'

    Amid fierce competition in sports retail, Under Armour is caught between a need for financial discipline and a need to revamp its brand.

    By Oct. 31, 2017
  • Hudson's Bay looks to sell another flagship

    The iconic property in downtown Vancouver could sell for as much as $900 million and would be the second major sale since the retailer agreed to sell its Manhattan Lord & Taylor store last week.

    By Oct. 31, 2017
  • Burberry's Christopher Bailey to step down

    The chief creative director, who stepped down from the CEO spot last year amid calls for him to forsake his dual role, is leaving the company after 17 years.

    By Oct. 31, 2017
  • Dollar General taps Rob Scruggs to lead digital push

    As the first digital chief, his appointment could signal a move to boost e-commerce in a segment that has hewed to brick-and-mortar retail. 

    By Oct. 31, 2017