Financial News: Page 256
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Albertsons buys meal kit company Plated
The deal gives the grocer recognition and expertise in the fast-growing category.
By Jeff Wells • Sept. 21, 2017 -
Deep Dive
Could this be the last generation of Toys R Us kids?
The toy retailer's huge debt load finally caught up with it as the retail world rapidly changed. Now, in and beyond bankruptcy, the company must chart a way forward.
By Ben Unglesbee • Sept. 20, 2017 -
Macy's hiring fewer holiday workers this year
The ongoing correction to the department store's massive store footprint is hitting hiring plans, the same way it's hit sales.
By Daphne Howland • Sept. 20, 2017 -
Best Buy goes on the offensive with new growth strategy
This week, the electronics retailer outlined a series of moves designed to take advantage of what executives call an "opportunity-rich environment."
By Daphne Howland • Sept. 20, 2017 -
Walmart ends overnight shifts at 430 Neighborhood Markets
It's a move aimed to boost customer service, according to the retailer, but workers are complaining that stocking and cleaning is difficult when stores are busy.
By Daphne Howland • Sept. 20, 2017 -
Report: Heidi Klum collection gives Lidl a boost
The line poses a challenge to fast-fashion retailers in the U.K., but in the U.S., the discovery of Lidl could threaten even Walmart.
By Daphne Howland • Sept. 19, 2017 -
Kohl's to accept free Amazon returns
It's a daring move that may signal a new partnership ethos among e-commerce and legacy retailers.
By Daphne Howland • Sept. 19, 2017 -
Toys R Us files for Chapter 11 bankruptcy
After news broke that a bankruptcy filing was possible, many of the toy retailer's suppliers demanded cash on delivery — precipitating a financial crisis that quickly drove it to court as the holidays ramp up.
By Ben Unglesbee • Sept. 19, 2017 -
Walgreens wins FTC approval to buy 2K Rite Aid stores for $4.3B
Walgreens has been angling for a takeover since 2015, but was stymied by regulators. The drugstore chain won't gain enough to best rival CVS Health, but comes closer.
By Daphne Howland • Sept. 19, 2017 -
Tommy Hilfiger hosts shoppable fashion show
The upscale retailer is releasing a Fall 2017 line via a mobile-friendly, shoppable runway show, demonstrating the growth of visual search capabilities.
By Cara Salpini • Sept. 18, 2017 -
Dollar Tree elevates Philbin to CEO
After 13 years at the helm, Bob Sasser is stepping aside after overseeing a period of booming growth for the dollar store sector.
By Corinne Ruff • Sept. 18, 2017 -
Report: Bankrupt Sears Canada in private equity buyout talks
A potential deal worth nearly half a billion dollars could offer a path forward for the department store retailer, which filed for creditor protection in Canada in June.
By Ben Unglesbee • Sept. 18, 2017 -
Toys R Us vendors reportedly pull back ahead of possible bankruptcy
Chatter around a possible bankruptcy filing from the toy retailer has intensified with reports of skittish vendors and news that Toys R Us is shopping a bankruptcy plan to lenders.
By Ben Unglesbee • Sept. 18, 2017 -
Aerosoles files for Chapter 11 bankruptcy
The company will close up to 74 retail stores as it reorganizes, a move which is "critical" to its turnaround.
By Daphne Howland • Sept. 18, 2017 -
Ex-Googlers stir up controversy with Bodega pantry concept
The startup suffered social media backlash after critics accused it of pitting its unmanned food boxes, which are unlocked by users with a mobile app, against mom-and-pop markets.
By Sandy Skrovan • Sept. 18, 2017 -
Walmart building new Arkansas HQ
The new headquarters, aimed for completion in the next five to seven years, will big a big departure from the retailer's aging office space and boast amenities often found in Silicon Valley.
By Daphne Howland • Sept. 18, 2017 -
Retailers double down on holiday help
Emerging price wars may hit margins this season, but they'll also bring more shoppers into stores and online, according to a recent holiday hiring forecast.
By Daphne Howland • Sept. 15, 2017 -
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 -
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