Financial News: Page 254
-
August retail sales tumble, missing expectations
Retail trade sales fell 0.3% and e-commerce sales fell 1.1% from July, but analysts say year-over-year numbers in line with expectations are more indicative of trends.
By Daphne Howland • Sept. 15, 2017 -
Under Armour unveils new innovation hub on Nike turf
Under Amour's new "UA PDX" center brings footwear design and development under one roof, just eight miles from Nike's Oregon headquarters.
By Daphne Howland • Sept. 15, 2017 -
Report calls size of Neiman Marcus' Manhattan flagship into question
The struggling department store is an anchor tenant of developer Related Companies’ massive Hudson Yards mixed-use development on Manhattan's West Side.
By Daphne Howland • Sept. 15, 2017 -
Beloved local New England chain Benny's calls it quits
Fans are flocking to the general store's going-out-of-business sales, but were likely buying their toys, bikes, housewares and auto supplies somewhere else.
By Daphne Howland • Sept. 15, 2017 -
Lowe's taps Neiman Marcus supply chain exec
Michael West will join the company as senior vice president of supply chain field operations later this month.
By Daphne Howland • Sept. 14, 2017 -
Pirch to close most new stores and focus on design sales
The retailer's joyful "playground"-like experience delights customers, but requires higher volume purchasing to offset the high costs.
By Daphne Howland • Sept. 14, 2017 -
Target employees migrate to mobile Zebra device
The Apple iPod Touch is no longer the tool of choice for Target's store associates, as the retailer switches over to an Android mobile device.
By Dan O'Shea • Sept. 14, 2017 -
Courtesy of Office Dept
Office Depot names new marketing chief
Jerri DeVard, who has more than 30 years of marketing and leadership experience, joins the retailer amid an executive shakeup.
By Daphne Howland • Sept. 14, 2017 -
Deep Dive
Q&A: Why Addition Elle sees a big opportunity in the US market
Roslyn Griner, the Canadian company’s VP of marketing, spoke with Retail Dive about the brand's reinvention and expansion efforts.
By Corinne Ruff • Sept. 14, 2017 -
Target increases holiday hiring by 40%
The retailer will hire 100,000 seasonal employees — a big step up from the 70,000 holiday workers hired in stores last year.
By Daphne Howland • Sept. 13, 2017 -
Neiman Marcus closing 25% of off-price stores
The luxury department store retailer is rolling back the Last Call outlets even as its peers expand competing off-price efforts.
By Ben Unglesbee • Sept. 13, 2017 -
Target launches 'innovation sprint,' adds HGTV stars to store brand stable
A 14-week partnership has five Target employees working out of Digital Ventures’ centers in New York and Los Angeles and conducting immersive customer behavior research in six U.S. cities.
By Daphne Howland • Sept. 13, 2017 -
Amazon, eBay, Google lead surge in AI patents
Artificial intelligence-related patent filings have surged in recent years as the technology's retail uses have come to light.
By Dan O'Shea • Sept. 13, 2017 -
Nordstrom reportedly closing in on deal to go private
The department store retailer is close to a deal with private equity firm Leonard Green & Partners, and analysts think it will likely avoid the pitfalls of other PE tie-ups.
By Daphne Howland • Sept. 13, 2017 -
Walmart is streamlining US operations
The big-box retailer will reduce business divisions and scale down its geographic regions by October in an effort to "accelerate [the] pace of change."
By Daphne Howland • Sept. 13, 2017 -
Apple expands on retail revamp, reveals iPhone X with Face ID
The technology company plans to unveil a store in Chicago that will reflect the new "town square" model, designed to create a more community-oriented retail experience.
By Dan O'Shea • Sept. 12, 2017 -
The Body Shop bought by Brazilian cosmetics company
Natura bought the faltering retailer from L’Oréal, which itself purchased the brand in 2006.
By Daphne Howland • Sept. 12, 2017 -
Abercrombie & Fitch names new CFO, expands overseas
With the return of former Hollister CFO Scott Lipesky, the company continues to populate its top ranks with executives from its much healthier brand.
By Daphne Howland • Sept. 12, 2017 -
Vitamin World files for bankruptcy, plans to close 50 stores
Less than a week after the supplement retailer's CEO said his company was preparing to file, it sought Chapter 11 protection with the aim of closing unprofitable stores.
By Ben Unglesbee • Sept. 12, 2017 -
Amazon's Whole Foods price cuts boosted store traffic 25%
But can the e-commerce giant and grocery novice maintain its momentum?
By Daphne Howland • Sept. 12, 2017 -
Nordstrom opening merchandise-free concept
The small-format is another experiment for the department store retailer — this time following the likes of Bonobos and Warby Parker.
By Daphne Howland • Sept. 11, 2017 -
Tailored Brands curtails losses amid Jos A. Bank's revitalization
The company's flagship Men’s Wearhouse brand is losing sales to Jos A. Bank, an acquisition that has yet to prove itself.
By Daphne Howland • Sept. 11, 2017 -
Pitney Bowes boosts delivery offerings with Newgistics acquisition
After at least three logistics-related acquisitions in as many years, the technology company's shipping sector ambitions have become increasingly clear.
By Dan O'Shea • Sept. 11, 2017 -
Target slashes prices as competition heats up
Shares in the retailer — and its rivals Costco and Walmart — were hit after the announcement Friday, but all three began to lift by early afternoon.
By Daphne Howland • Sept. 8, 2017 -
NRF lowers retail sales forecast
The analysis follows weaker-than-expected sales, income and spending numbers from the government, but the holidays could buoy retailers.
By Daphne Howland • Sept. 8, 2017
Previous
