Financial News: Page 253
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Target names new strategy and innovation chief
Minsok Pak will take over the role previously filled by Casey Carl, who left in April after spearheading some of the retailer's most cutting edge projects.
By Daphne Howland • Aug. 25, 2017 -
Amazon's Whole Foods takeover immediately cuts prices, grows Prime
After the deal goes into effect Monday, prices will drop on grocery staples and Whole Foods’ private-label brands will be available to Prime members.
By Jeff Wells, Corinne Ruff • Aug. 25, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples beats expectations amid sales decline
Shareholders will soon take up the company's proposed acquisition by Sycamore Partners, which plans to spin off the retail business.
By Daphne Howland • Aug. 24, 2017 -
Madewell a bright spot as J. Crew struggles
The company trimmed debt by $300 million and its young brand is doing well, but is that enough to save J. Crew?
By Daphne Howland • Aug. 24, 2017 -
Sears closing 28 more Kmart stores, posts $1B sales decline
The department store retailer's many cost cuts and store closures have slowed the rate at which it's losing money, but Sears is still plagued by poor sales and fading customer interest.
By Ben Unglesbee • Aug. 24, 2017 -
Deep Dive
How Target is using small-format stores to score with younger shoppers
The big-box retailer is betting big on convenient, localized small-format stores to win over millennial and Gen Z college consumers.
By Corinne Ruff • Aug. 24, 2017 -
A&F in need of brand reinvention
The flagship is taking lessons from its stronger Hollister brand, but hasn't found a new direction yet, analysts say.
By Daphne Howland • Aug. 24, 2017 -
Destination Maternity hires adviser as sales slump
The retailer says it is focused on cutting costs — not restructuring — as closures and terminated partnerships at Macy's, Sears and Kohl's hurt sales.
By Ben Unglesbee • Aug. 24, 2017 -
West Elm growth boosts Williams-Sonoma in Q2
The home goods and furniture retail company is primed for a strong end to the year.
By Daphne Howland • Aug. 24, 2017 -
FTC clears Amazon's acquisition of Whole Foods
Whole Foods shareholders also approved the move Wednesday, allowing both sides to finalize the $13.7 billion deal.
By Jeff Wells • Aug. 23, 2017 -
Aerie lifts American Eagle to Q2 sales beat
The flagship is doing better with jeans and female consumers, but it suffered a hit to margins in the quarter and men aren't buying.
By Daphne Howland • Aug. 23, 2017 -
DSW e-commerce sales surge 27% in Q2 thanks to mobile traffic growth
The retailer has more work to do, however, considering the challenges in the footwear market and among the retailer’s budget-minded shoppers.
By Daphne Howland • Aug. 23, 2017 -
Lowe's sales jump nearly 7%, but Wall Street isn't impressed
The home improvement retailer posted second quarter sales that would make it a marvel in other retail sectors, but the company still plays "second fiddle" to rival Home Depot.
By Ben Unglesbee • Aug. 23, 2017 -
Walmart and Kroger join with suppliers for blockchain initiative
Companies throughout the industry will implement the technology in an effort to improve food safety and test widespread adoption.
By Jeff Wells • Aug. 23, 2017 -
Deep Dive
Inside Backstage, Macy's off-price Hail Mary
Macy's is late to the off-price party, but the company is betting it can boost sales, traffic and real estate productivity by expanding the Backstage concept. And if they can keep customers from going to T.J. Maxx or Ross — even better.
By Ben Unglesbee • Aug. 22, 2017 -
Sears inks new deals for Kenmore, DieHard products
The struggling retailer is broadening its private label distribution even beyond Amazon with new licensing agreements.
By Ben Unglesbee • Aug. 22, 2017 -
Kohl's expanding small-format stores
Much like Target, Kohl's is expanding its effort to reach urban customers, who tend to be wealthier and younger.
By Daphne Howland • Aug. 22, 2017 -
Macy's to slash 100 merchandising jobs as eBay exec joins ranks
Hal Lawton will take over as president next month amid a shakeup that aims to consolidate merchandising, planning and private brands.
By Daphne Howland • Aug. 22, 2017 -
Patagonia's first TV ad gets political as national monuments decision looms
The outdoor retailer's founder issued a call-to-action asking viewers to defend public lands from the Trump administration, a marketing move core to its brand message.
By Cara Salpini • Aug. 22, 2017 -
Report: Meijer restructures IT amid major grocery shifts
The move could affect up to 10% of IT jobs as competition heats up in the grocery market.
By Dan O'Shea • Aug. 22, 2017 -
UBS analysts: Amazon poses a grave threat against footwear retailers
Nike’s decision to sell on Amazon is bad news for Foot Locker and Finish Line, some analysts warn, though others say Foot Locker is holding its own.
By Daphne Howland • Aug. 22, 2017 -
TJX debuts 'Homesense'
Offerings at the new store differ just enough from the company's HomeGoods line to keep customers coming to both, TJX says.
By Daphne Howland • Aug. 22, 2017 -
Target remodels stores to focus on freshness and shopper experience
Changing up the music, adding LED lights and moving produce and grab-and-go items to the front are just a few adjustments the retailer hopes will increase sales.
By Jeff Wells • Aug. 22, 2017 -
Hibbett sales drop $19M
The struggling sports retailer is just getting into e-commerce as its same-store sales plummet.
By Daphne Howland • Aug. 21, 2017 -
Stein Mart loses $13M as it clears inventory
The retailer has been behaving too much like a department store, executives told analysts last week.
By Daphne Howland • Aug. 21, 2017
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