Financial News: Page


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    January retail sales plummet

    Sales posted the largest decline in 11 months, falling 0.3%, but most segments showed year-over-year growth.

    By • Feb. 14, 2018
  • Walmart to consolidate department managers in some stores

    The retail giant is eliminating positions in the mobile department and online pickup areas, but a spokesman said he doesn't anticipate major layoffs, disputing recent reports. 

    By • Feb. 14, 2018
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    Sam's Club
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    Sam's Club perks up premium membership with free shipping

    As part of a broader effort to reduce complexities, the wholesale retailer is also combining savings and business programs as competition with Amazon heats up. 

    By • Feb. 14, 2018
  • J.C. Penney cutting 670 jobs, closing distribution center

    The company announced a plan to align its supply chain with "future" needs, indicating more changes could be coming. 

    By • Feb. 14, 2018
  • Whole Foods suppliers balk at new buying policies

    Vendors are being hit with fees and other policy changes, and some of them are mad enough to quit doing business with the retailer.

    By Cathy Siegner • Feb. 14, 2018
  • Under Armour's North American business drags down revenue

    The brand beat expectations overall in the fourth quarter, but U.S. operations are still the main source of the company's woes, according to GlobalData Retail Managing Director Neil Saunders.

    By • Feb. 13, 2018
  • Land of Nod closes all stores

    The Crate & Barrel-owned children's home goods and furniture brand will continue selling online and through Crate & Barrel stores nationwide.

    By • Feb. 13, 2018
  • Sears Canada creditors looking at payments to Lampert

    As stakeholders fight over the remains of the Canadian retailer, Sears Holdings keeps closing stores in the U.S. — a potential boon for box retailers, according to UBS analysts. 

    By • Feb. 13, 2018
  • Alibaba throws $1.3B into brick-and-mortar strategy

    The Chinese retailer continues to balance its e-commerce dominance with growing, diversified investments in brick-and-mortar retail.

    By • Feb. 13, 2018
  • Walgreens considers acquiring drug distributor Amerisource

    A successful deal would give the retailer greater control over its drug supply chain. 

    By Shefali Kapadia • Feb. 13, 2018
  • Deep Dive

    7 retail execs envision the future of stores

    Executives from Best Buy, The Home Depot and MM.LaFleur share their visions for the future of retail at Future Stores Miami. 

    By • Feb. 13, 2018
  • Barnes & Noble cuts staff after bleak holiday sales

    The big box retailer also said it brought in a new chief merchandising officer as it looks to get back to its bookish roots. 

    By • Feb. 13, 2018
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    Amazon laying off 'hundreds' of corporate employees

    A company spokesperson confirmed layoffs first reported by The Seattle Times, but said the company continues to add to its ranks at home and abroad. 

    By • Feb. 12, 2018
  • LVMH investment arm backs sneaker startup Stadium Goods

    Sneakerhead marketplaces are kicking up some serious deals, but is the market about to collapse?

    By • Feb. 12, 2018
  • David's Bridal downgraded over potential default

    The wedding retailer is beset by competition in the sector and suffers from excessive debt, as well as belated investments in e-commerce. 

    By • Feb. 12, 2018
  • L.L. Bean pulls the plug on lifetime return policy

    The outdoor retailer's liberal return policy has been abused in recent years, causing the company to put an end to the generous policy.

    By • Feb. 12, 2018
  • Barneys New York shuttering Upper West Side store

    Department stores are under pressure and this leaves Barneys with just two New York City locations. 

    By • Feb. 11, 2018
  • Big Lots names chief customer officer amid brand repositioning

    Stephen Haffer will join the discount retailer to expand the "customer-centric" approach the company announced five years ago. 

    By • Feb. 11, 2018
  • Deep Dive

    Does Lululemon need more than a new CEO?

    Just when the athleisure innovator seemed to be putting a series of quality and public relations snafus behind it, the board may be bungling the ouster of its chief executive.

    By • Feb. 10, 2018
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    Deep Dive

    How Shinola is taking its 'built in Detroit' mission national

    A successful brick-and-mortar expansion hinges on connecting the store to its Detroit-based manufacturing mission, head of retail Travis Harrison told attendees of Future Stores Miami.

    By • Feb. 9, 2018
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    NRF: Retail sales to rise as much as 4.4% in 2018

    Economic fundamentals are strong, but consumer confidence may be overstated given the high levels of consumer debt. 

    By • Feb. 9, 2018
  • GOAT, Flight Club merge to forge 'sneakerhead' empire

    The two companies operate in the same rarefied space of sneaker obsession, a $2 billion resale industry.

    By • Feb. 9, 2018
  • Target, Casper deepen ties with new exclusives

    The mattress startup has found a dreamy partner in Target, with its expansive store base and need for differentiated merchandise. 

    By • Feb. 8, 2018
  • CVS Health says it will use tax cuts to boost wages, growth strategy

    The company has to become a better retailer first if it hopes to truly revolutionize healthcare, according to GlobalData Retail managing director Neil Saunders.

    By • Feb. 8, 2018
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    Whole Foods Market
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    Amazon to offer Prime Now delivery from Whole Foods stores

    This week, the grocer began offering the service in four markets, including free two-hour delivery to Prime members on orders of $35 or more.

    By Jeff Wells • Feb. 8, 2018