Financial News: Page 258
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Report: Meijer restructures IT amid major grocery shifts
The move could affect up to 10% of IT jobs as competition heats up in the grocery market.
By Dan O'Shea • Aug. 22, 2017 -
UBS analysts: Amazon poses a grave threat against footwear retailers
Nike’s decision to sell on Amazon is bad news for Foot Locker and Finish Line, some analysts warn, though others say Foot Locker is holding its own.
By Daphne Howland • Aug. 22, 2017 -
TJX debuts 'Homesense'
Offerings at the new store differ just enough from the company's HomeGoods line to keep customers coming to both, TJX says.
By Daphne Howland • Aug. 22, 2017 -
Target remodels stores to focus on freshness and shopper experience
Changing up the music, adding LED lights and moving produce and grab-and-go items to the front are just a few adjustments the retailer hopes will increase sales.
By Jeff Wells • Aug. 22, 2017 -
Hibbett sales drop $19M
The struggling sports retailer is just getting into e-commerce as its same-store sales plummet.
By Daphne Howland • Aug. 21, 2017 -
Stein Mart loses $13M as it clears inventory
The retailer has been behaving too much like a department store, executives told analysts last week.
By Daphne Howland • Aug. 21, 2017 -
Moody's: Department store turnarounds taking hold
Analysts see relative improvements across the sector as chains grapple with traffic declines, e-commerce costs and managing inventory and store footprints.
By Ben Unglesbee • Aug. 18, 2017 -
Target and Barnes & Noble Education team up against Amazon on campus
The collaboration aims to reach young consumers in areas without Target’s new small-format stores.
By Daphne Howland • Aug. 18, 2017 -
Ross' brick-and-mortar stores help spark sales uplift
The company has even more unlocked potential and could continue to add to its store fleet.
By Daphne Howland • Aug. 18, 2017 -
Target needs big ideas to grow grocery
The retailer has made improvements to its supply chain and organic assortment, but it has still struggled to increase sales in a highly competitive market.
By Jeff Wells • Aug. 18, 2017 -
Gap sees Q2 improvements in ongoing turnaround
The company reported its third straight quarter of sales increases, with Old Navy once again leading the pack.
By Daphne Howland • Aug. 18, 2017 -
HBC has opened corporate office in India
Retailers continue to look East for professional talent, as Saks follows the same path that J.C. Penney and others have taken.
By Dan O'Shea • Aug. 17, 2017 -
Sears Canada exec wants to buy the bankrupt retailer
The effort is one of few remaining chances the beleaguered retailer has, as it continues to suffer liquidity and operations issues similar to its U.S. cousin.
By Daphne Howland • Aug. 17, 2017 -
Alibaba revenue surges 56%
The e-commerce giant beat even Wall Street's high expectations and says that its efforts to create the "Alibaba Economy" are holistic.
By Daphne Howland • Aug. 17, 2017 -
Staples spinning off retail business
In a recent SEC filing, the office supplies seller said its U.S. and Canadian retail operations would be split off from the more profitable and healthy corporate sales unit.
By Ben Unglesbee • Aug. 17, 2017 -
Walmart Q2 hit by price cuts, e-commerce spending
The retail giant is gaining market share thanks to its e-commerce growth and omnichannel efforts, but that’s coming at a price.
By Daphne Howland • Aug. 17, 2017 -
Deep Dive
Nordstrom and Macy's: A lesson in surviving the retail apocalypse
They're both department stores facing extreme challenges, both in the midst of major changes. But these two stalwarts may be best positioned to survive.
By Daphne Howland • Aug. 17, 2017 -
Costco ordered to pay Tiffany $19.4M
Costco continues to argue that its use of "Tiffany" in product descriptions refers to the type of setting and says it plans to appeal.
By Daphne Howland • Aug. 17, 2017 -
Amazon reportedly owes $12.5M in taxes
With half of what Amazon sells coming from its third-party sellers, states are missing out on a significant source of sales tax revenue.
By Daphne Howland • Aug. 17, 2017 -
Jo-Ann rebrands as it integrates new tech features
The fabric and craft retailer is focusing on the makers who buy its products as it integrates mobile, analytics and video content.
By Ben Unglesbee • Aug. 16, 2017 -
July retail sales rise 3.5% year over year
But households are under pressure as their expenses mount, so there could be trouble ahead for retailers.
By Daphne Howland • Aug. 16, 2017 -
Urban rises on signs of new life in its second quarter
Strong wholesale sales are protecting the company somewhat, but missteps in apparel are hurting store sales and pushing the retailer to discount.
By Daphne Howland • Aug. 16, 2017 -
Target expands Restock next-day delivery service
Omnichannel services like Restock helped boost the retailer's sales in the second quarter, but they’re also cutting into the bottom line.
By Daphne Howland • Aug. 16, 2017 -
UPDATED: Retail CEOs seek distance from Trump after Charlottesville comments
Walmart CEO Doug McMillon had strong words for the president on Tuesday, but says he’ll remain on the White House advisory group.
By Daphne Howland • Aug. 16, 2017 -
Dick's stock gets clobbered after hints at price cuts
The sporting goods retailer's CEO warned of "panic" in the sector leading to a market share battle and more promotions.
By Ben Unglesbee • Aug. 15, 2017