Financial News: Page
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2017 retail sales the best in three years
Looking at specific categories, December sales and overall 2017 retail sales were a mixed bag, according to the latest retail sales report from the U.S. Department of Commerce.
By Daphne Howland • Jan. 12, 2018 -
Neiman Marcus among retailers with highest bankruptcy risk
Several metrics point to a risk of default as high as 50% for the luxury department store retailer, according to a new report from CreditRiskMonitor.
By Ben Unglesbee • Jan. 12, 2018 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Amazon reportedly eyeing 1M square feet of office space in Boston
A report by the Boston Globe has sparked speculation that the city may become the home of the company's second headquarters.
By Daphne Howland • Jan. 12, 2018 -
Signet suffers holiday sales decline
The jewelry company is suffering from the sale of its credit portfolio, especially at Kay stores where people tend to finance engagement rings.
By Daphne Howland • Jan. 12, 2018 -
Walmart shuttering 63 Sam's Clubs in shift to e-commerce
Twelve of the locations will be converted to e-commerce fulfillment centers, a symbol of Walmart's recent focus on online shopping.
By Daphne Howland • Jan. 12, 2018 -
Sports retailers should court women and streetwear in 2018
Some changes will cost retailers sales in the short term, according to NPD Group VP Matt Powell, and the state of the sector will get worse before it gets better.
By Daphne Howland • Jan. 11, 2018 -
Walgreens launches first new store concept in years
The pilot stores will open by early summer and focus on enhanced beauty and health services.
By Daphne Howland • Jan. 11, 2018 -
UPDATE: Sears holiday sales plummet 16%
The ailing department store retailer reported another staggering drop in its comparable store sales for the first two months of Q4 as it borrowed another $100 million from its CEO's hedge fund.
By Ben Unglesbee • Jan. 11, 2018 -
Walmart to bump starting hourly pay up to $11
The retailer is positioning the increase as a benefit of tax reform, but it could also have a lot to do with rising minimum wage requirements nationwide.
By Daphne Howland • Jan. 11, 2018 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour debuts connected running shoes
The athletics retailer looks to shake off its 2017 market blues at CES with the release of next-gen connected footwear.
By Dan O'Shea • Jan. 11, 2018 -
Deep Dive
Will Amazon give beauty a makeover?
Speculation abounds that the e-commerce giant could be brushing up against the beauty sector next. But how much do players like Sephora and Ulta really have to fear?
By Cara Salpini • Jan. 11, 2018 -
Deep Dive
15 experiential stores to see in NYC
Peek inside these concept locations for a view of retail's latest and greatest.
By Corinne Ruff • Jan. 11, 2018 -
Kohl's looks for grocers to fill store space
According to CEO Kevin Mansell, the purpose of any such deal would be to increase traffic and sales at the discount retailer.
By Daphne Howland • Jan. 11, 2018 -
Home Depot showcases DIY projects in Pinterest pins
The brand's "Built-In Pins" promotion used vertical video and a 360-degree experience to show how a couple transformed four rooms in their house.
By Robert Williams • Jan. 10, 2018 -
Lands' End to stop 'relying on Sears'
The brand has 180 stores in Sears locations and just 11 Lands' End stores — but that ratio is destined to change, as the Sears partnership "goes away," according to CEO Jerome Griffith.
By Daphne Howland • Jan. 10, 2018 -
Retail exodus from malls could be understated
There are still plenty of healthy in-line tenants, but many are more selective about where they open, according to new research from Green Street.
By Daphne Howland • Jan. 10, 2018 -
Google lines up an army of assistant-enabled products
The tech company is throwing its virtual assistant into heated competition with Amazon's Alexa, with plans to put Google Assistant into many new products.
By Dan O'Shea • Jan. 10, 2018 -
Amazon’s Alexa strategy hinges on everyday items — even toilets
The company is determined to stay ahead of Google Assistant, and it's getting Alexa into as many products as possible in the process.
By Dan O'Shea • Jan. 10, 2018 -
Nordstrom reports healthy holiday sales
The company raked in a 2.5% net sales bump, reflecting improvements in full-line and off-price stores as well as growth in e-commerce.
By Daphne Howland • Jan. 10, 2018 -
Circuit City to relaunch Feb. 15
The company also announced plans for physical store concepts that will resemble an Apple-Best Buy hybrid.
By Daphne Howland • Jan. 10, 2018 -
Walmart expanding ‘Scan & Go’ mobile checkout to 100 more stores this month
The retailer's pilot program is addressing consumer demand for a faster front-end experience while also keeping pace with rivals Amazon and Kroger.
By Pamela DeLoatch • Jan. 9, 2018 -
Toyota partners with Uber, Amazon, Pizza Hut to roll out 'flexible' vehicles
The alliance of brands unveiled a concept car this week at CES that can quickly switch from delivery truck or mobile store to ride-sharing vehicle.
By Robert Williams • Jan. 9, 2018 -
Target hits a bullseye with holiday sales
Stores fulfilled more than 70% of digital orders during the holiday months, showcasing the importance of omnichannel.
By Corinne Ruff • Jan. 9, 2018 -
Walmart could scoop up one of these 11 startups
There's plenty of speculation as to Amazon's next acquisition, but Walmart has needs too, and has shown a willingness to spend.
By Daphne Howland • Jan. 9, 2018 -
American Eagle beats estimates with strong holiday season
The company, helped by overall strength in apparel sales and by the Aerie lingerie brand, reiterated its guidance for the fourth quarter.
By Daphne Howland • Jan. 9, 2018