Financial News: Page 255
-
Barnes & Noble has a Nook problem
The beloved bookseller is struggling with sales, but plans to open new stores, including a smaller format, as it looks to grow the top line.
By Daphne Howland • Sept. 8, 2017 -
Destination Maternity CEO leaves as Q2 sales fall 7.7%
The apparel retailer's chief executive is out just weeks after hiring a management consulting firm following a nearly $4 million profit loss for the year so far.
By Ben Unglesbee • Sept. 8, 2017 -
Restoration Hardware soars as it beats expectations and raises outlook
CEO Gary Friedman said the company benefits from a willingness "to march into hell, as we did last year, for a heavenly cause."
By Daphne Howland • Sept. 8, 2017 -
J. Crew's chief design officer follows Jenna Lyons out the door
Somsack Sikhounmuong is the next executive to leave in a tumultuous period for the struggling apparel retailer.
By Daphne Howland • Sept. 8, 2017 -
Amazon on the hunt for a second HQ
The e-commerce giant plans to invest more than $5 billion in the new facility and expects to eventually house 50,000 employees.
By Corinne Ruff • Sept. 7, 2017 -
Toys R Us reportedly hires debt adviser ahead of holidays
Amid tough competition in the segment, the toy retailer has hired a law firm to advise on its debt options, which could include bankruptcy.
By Ben Unglesbee • Sept. 7, 2017 -
GNC names Rite Aid's Ken Martindale CEO
Martindale replaces interim CEO Bob Moran, who took over last year following the abrupt resignation of Michael Archbold.
By Daphne Howland • Sept. 7, 2017 -
Opinion
Walmart and Affirm: A match Amazon will find hard to beat
The importance of the partnership’s new financing options shouldn’t be underestimated, writes Christopher Walton, former VP, Target Store of the Future.
By Christopher Walton • Sept. 7, 2017 -
Starbucks taps former Sam’s Club chief as COO
Brewer, formerly of Sam’s Club, has over 30 years of experience, including the top-notch omnichannel chops that Starbucks really needs right now.
By Daphne Howland • Sept. 7, 2017 -
Amazon opens shop inside Kohl's
Beginning next month, the department store retailer will feature zones dedicated to Amazon's goods and services in 10 of its stores.
By Daphne Howland • Sept. 6, 2017 -
Gap to close 200 stores, expand Old Navy
Over the next three years, the apparel retailer plans to close locations across its namesake and Banana Republic brands while opening 270 Old Navy and Athleta stores.
By Ben Unglesbee • Sept. 6, 2017 -
Report: Bon-Ton hires turnaround advisers
The retailer has tapped AlixPartners for help as it grapples with sales declines, profit loss, a large debt load and traffic drought, sources told Reuters.
By Ben Unglesbee • Sept. 6, 2017 -
Report: Blackstone pulls $2.8B Australian mall sale as Amazon spooks buyers
The PE firm has canceled a planned sale of a 10-mall portfolio as the e-commerce giant's arrival to Australia next month thwarts interest.
By Daphne Howland • Sept. 6, 2017 -
Dick's Sporting Goods to open 10 more stores
The sporting goods retailer has made it clear that brick-and-mortar stores are key to its sales — including those made online.
By Daphne Howland • Sept. 6, 2017 -
Deep Dive
What retailers can learn from REI's marketing success
Two years after the launch of its celebrated Opt Outside campaign, the outdoor retailer is engaging customers with a new brand message.
By Corinne Ruff • Sept. 6, 2017 -
Vitamin World reportedly preparing for bankruptcy
The supplement retailer, like other mall-based specialists that have filed for Chapter 11 protection this year, is looking to shed expensive leases for stores it no longer needs.
By Ben Unglesbee • Sept. 6, 2017 -
Hudson's Bay gives Gilt a makeover, debuts first Dutch store
While the Canadian department store is scaling back its North American operations, it's committed to opening at least 10 stores in the Netherlands this month.
By Daphne Howland • Sept. 6, 2017 -
Alibaba to open brick-and-mortar mall in China
The effort is part of the e-commerce giant’s "New Retail" strategy, focused on connecting with consumers across all channels, according to a report.
By Daphne Howland • Sept. 5, 2017 -
Report: Amazon beefs up Alexa efforts as competition grows
The company has hired more engineers to work on Alexa-related projects and has appointed a new executive to head the efforts.
By Dan O'Shea • Sept. 5, 2017 -
Retail employment slides, but could pick up for holidays
August job losses in the sector don’t reflect a big shift to e-commerce, according to the National Retail Federation and outplacement firm Challenger, Gray & Christmas.
By Daphne Howland • Sept. 5, 2017 -
Amazon's apparel ambitions create tough choices for brands
Even if apparel makers sell directly through the e-commerce giant, they could face new competition as Amazon studies their best sellers, according to research from L2.
By Daphne Howland • Sept. 5, 2017 -
Target chief risk and compliance officer to depart
Jackie Rice, who was hired about a year after the retailer’s debilitating data breach, won't be replaced.
By Daphne Howland • Sept. 5, 2017 -
West Elm parts with Casper, signs new deal wth Leesa
Only a year after signing a contract with Casper, the furniture retailer is shifting gears and switching mattress partners.
By Lara Ewen • Sept. 2, 2017 -
Walmart's new restaurant tie-up is a feast for the young and wealthy
The retail giant is partnering with Grown, a new fast-casual concept with a much higher price point than Walmart's customers may be used to.
By Daphne Howland • Sept. 1, 2017 -
Casper Mattress opening pop-ups in 15 US cities
The mattress startup has a partnership with West Elm and Target to showcase its wares, but the company will open its own doors in October.
By Daphne Howland • Sept. 1, 2017
Previous
