Financial News: Page 257
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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 -
Retrieved from Apple on September 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 -
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 -
Retrieved from Amazon on September 07, 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