Financial News: Page 251
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Iconic 70s brand Fiorucci returns
The 50-year-old Italian label was relaunched last month in London and online by U.K. entrepreneurs Janie Schaffer and her ex-husband Stephen Schaffer.
By Daphne Howland • Oct. 5, 2017 -
Target's designer tapped for CVS prescription labels
Despite accolades and the popularity of designer Deborah Adler's Target Pharmacy labeling, CVS didn't adopt it when it took over Target's pharmacy business — until now.
By Daphne Howland • Oct. 5, 2017 -
Walmart goes live with Google voice ordering
The alliance is issuing its first real challenge to Amazon as it launches voice shopping of two million Walmart products via Google Home devices.
By Dan O'Shea • Oct. 5, 2017 -
Amazon failed to pay almost $300M in EU taxes
The bill is going to tax haven Luxembourg, whose 2003 ruling allowed Amazon to escape taxes on 75% of its profits from sales, the European Commission said.
By Daphne Howland • Oct. 5, 2017 -
UPDATE: Sears Canada reportedly has 'little time' to mull bid
The Canadian department store retailer is deciding this week on the most recent bid to buy it out of bankruptcy, as lenders press for liquidation, according to The Wall Street Journal.
By Ben Unglesbee • Oct. 4, 2017 -
Fanatics hires former Rue La La CEO
Steve Davis will lead growth of the company's international division, which is making a push into Europe and Asia-Pacific.
By Daphne Howland • Oct. 4, 2017 -
Deep Dive
At Gap, the new plan is Old Navy
The apparel maker conquered the world with its flagship Gap label, but the company is now pinning a revival on the lower-priced brand. Can Old Navy save Gap?
By Daphne Howland • Oct. 4, 2017 -
Office Depot buys IT firm CompuCom and shifts focus
Just when Office Depot seemed to be sticking with retail sales in contrast to rival Staples, the company is now pursuing a new growth strategy centered on business-to-business.
By Daphne Howland • Oct. 4, 2017 -
Amazon reportedly targeting France for its next grocery acquisition
A brick-and-mortar grocery deal in the country could prove a major asset to its U.S. and European ambitions.
By Jeff Wells • Oct. 4, 2017 -
Ace Hardware buys majority stake in online startup
The Grommet’s customers visit Ace over 50% more often than — and spend 2.8 times as much as — the average Ace Rewards customer.
By Daphne Howland • Oct. 4, 2017 -
Nordstrom debuts 'Local' and a new LA flagship
The retailer opened a new flagship that includes its latest fashion shops and customer services in addition to the highly-anticipated merchandise-free boutique Nordstrom Local in West Hollywood.
By Daphne Howland • Oct. 4, 2017 -
Nordstrom closing the gap in women's apparel
Rather than relegating sizes to a petite or plus section, denim apparel will be featured together, with a sizing range beyond what most retailers offer.
By Daphne Howland • Oct. 3, 2017 -
Walmart buys same-day delivery company Parcel
The acquisition will add new delivery capabilities to Walmart's e-commerce operations in New York, where the retail giant sees the potential for sales growth.
By Daphne Howland • Oct. 3, 2017 -
Nordstrom drops as go-private deal reportedly 'in deep trouble'
General concerns about retail were made more acute by the surprise bankruptcy last month of Toys R Us and banks are leery of supporting Nordstrom's privatization plans, according to a report from the New York Post Monday.
By Daphne Howland • Oct. 2, 2017 -
UPDATE: Gymboree exits bankruptcy
The children's apparel retailer exited bankruptcy Friday after a fairly orderly process with creditors who saw value in the brand — now it will have to convince customers.
By Ben Unglesbee • Oct. 2, 2017 -
Amazon sells $1.6M in Whole Foods' private brands
The week after the merger, Amazon sold $500,000 worth of Whole Foods store brands online, then saw that number dip to around $300,000 per week after that.
By Jeff Wells • Oct. 2, 2017 -
More retailers opt to close this Thanksgiving
A minority of Americans favor Thanksgiving openings and 60% disapprove of it, according to an early holiday report.
By Daphne Howland • Oct. 2, 2017 -
Dr. Martens CEO departs mid-turnaround
Paul Mason, chairman of the company for the last two years, will take over as interim CEO, replacing former Deckers executive Steve Murray.
By Daphne Howland • Oct. 2, 2017 -
Rite Aid taps former Walgreens exec as COO
Kermit Crawford joins Rite Aid as it prepares to cede 2,000 stores to rival Walgreens in a watered-down version of the original acquisition plans.
By Daphne Howland • Oct. 2, 2017 -
Jet.com will launch its own grocery line
The new brand, Uniquely J, will initially focus on consumables with pet, beauty and baby products coming soon as Walmart's e-commerce group steps up to compete with Amazon’s growing private label selection.
By Jeff Wells • Sept. 29, 2017 -
Toys R Us rebrands as some suppliers reportedly pull back
The company, which recently filed for bankruptcy, is trying to position itself as a house of free play (rather than a mere toy store) to recapture market share.
By Ben Unglesbee • Sept. 29, 2017 -
Report: Walmart will sell meal kits on its website starting in December
The retailer will offer meal kits from various companies as it tests the growing market, according to one supplier who’s had talks with the chain.
By Jeff Wells • Sept. 29, 2017 -
AmazonBasics is crushing other private brands
According to One Click Retail, the private label line is not only highly popular, but also cannibalizing some of the online giant's other brands.
By Daphne Howland • Sept. 29, 2017 -
Ikea buys odd-job service TaskRabbit
Flat-packed furniture is famously difficult to assemble, and TaskRabbit could help the Swedish furniture giant solve that problem following a successful pilot.
By Daphne Howland • Sept. 29, 2017 -
Pier 1's online sales grow, and so does its profit loss
As the furnishings retailer builds its online sales business, shipping costs also threaten to eat up its margins.
By Daphne Howland • Sept. 28, 2017