Financial News: Page 251


  • J.C. Penney cuts ties with Russell Simmons apparel

    The Def Jam Recordings co-founder, who founded Argyleculture, is facing multiple allegations of sexual misconduct.

    By Dec. 4, 2017
  • Macy's boosts holiday hiring by 7K thanks to strong traffic

    Chief Stores Officer John Harper said the department store retailer has seen "high customer volume across our business" so far this season.

    By Dec. 1, 2017
  • Gap's rally is over, analysts say

    The apparel retail giant's stock boomed 40% over the last three months, but it can only rely on the better-performing Old Navy brand so much.

    By Dec. 1, 2017
  • War with Amazon sparks change at Walmart, Target

    The two big-box retailers have been especially focused on new services and competitive prices as the online giant has crept onto the scene.

    By Dec. 1, 2017
  • WeWork tests Amazon’s Alexa for Business

    The co-working company, which has been eyeing retail opportunities, is turning to Amazon for work spaces powered by the popular voice assistant.

    By Dec. 1, 2017
  • Ikea entering a 'test-and-learn' phase

    Amid a profit fall, the furniture retailer is focusing on how and where it sells its goods, as well as potential acquisitions.

    By Dec. 1, 2017
  • Sears slows the bleeding, but the story remains grim

    Ongoing efforts to cut the department store retailer's costs reduced Sears' profit losses in Q3, but sales fell by $1.3 billion and its comparable store sales were down by an abysmal 15%.

    By Nov. 30, 2017
  • Costco 'destroys' November with massive sales surge

    Like Amazon, the warehouse retailer enjoys a sticky membership base, and that showed up in its monthly and quarterly sales results.

    By Nov. 30, 2017
  • Simon bridges online and brick-and-mortar with 'The Edit'

    The effort to reach online customers recalls "In Real Life," from GGP and could be a boon for both the mall and online sellers. 

    By Nov. 30, 2017
  • Amazon smashes Cyber Monday record

    The online behemoth said Cyber Monday was the single biggest shopping day in the company's history, surpassing its Prime Day event for the most products ordered worldwide.

    By Nov. 30, 2017
  • Duluth Trading Co. takes on L.L. Bean with 31st store opening

    The Belleville, WI-based retailer is quietly expanding its customer base and physical footprint as rivals falter.

    By Nov. 30, 2017
  • Deep Dive

    Are Calvin Klein’s Amazon pop-ups dissing department stores?

    Traditionally the brand releases exclusive collections through department store channels, but the partnership signals the apparel retailer is looking for new growth.

    By Nov. 29, 2017
  • New York & Co buys Fashion to Figure assets

    The move is a vote of confidence in the significant and growing demand in the market for extended sizing.

    By Nov. 29, 2017
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    Retrieved from Ebay on November 28, 2017
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    Google Home, eBay make smart speakers smarter

    Shopping via the AI assistant is about to get easier, with an app that moves customers off the device and onto their smartphone.

    By Nov. 29, 2017
  • Everlane to open first physical stores

    Much is made of Everlane founder and CEO Michael Preysman's antipathy toward physical retail, but the brand has sold through physical locations for several years now.

    By Nov. 29, 2017
  • Costco beats Amazon on price

    The focus these days is on the emerging Amazon-Walmart price war, but new research shows that Costco handily beats the e-commerce giant across categories. 

    By Nov. 29, 2017
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    ABT
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    Abt Electronics sees a 15% holiday weekend sales jump

    Single-store star Abt had a stellar start to the holiday season thanks to an emphasis on customer experience. 

    By Nov. 28, 2017
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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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    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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    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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    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