Financial News: Page 259
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Walgreens creates Center for Health & Wellbeing to host company research
The drug chain is giving customers access to more than 50 studies and reports produced in the past six years.
By Cara Salpini • Aug. 15, 2017 -
Coach's department store exit hurts revenue
Analysts say the upscale brand would do well to apply its strategy of short term pain, long term gain to its new Kate Spade unit.
By Daphne Howland • Aug. 15, 2017 -
TJX sales jump 6% on growing traffic
The off-price retailer said what department stores everywhere wish they could: traffic is on the rise, margins are up and the future is bright.
By Ben Unglesbee • Aug. 15, 2017 -
Home Depot posts 6% sales growth amid strong housing market
The retailer will be protected from any housing slowdown by its market share gains among professionals and DIYers alike, according to both Home Depot executives and analysts.
By Daphne Howland • Aug. 15, 2017 -
Sur La Table taps new CEO
Billy May replaces Diane Neal, who retired earlier this year after less than three years at the company.
By Daphne Howland • Aug. 15, 2017 -
Target doubles down on grocery with new execs
The new hires are tasked with saving Target's faltering food efforts as the retailer faces pressure from the likes of Walmart, Amazon and low-cost grocers.
By Daphne Howland • Aug. 15, 2017 -
Aldi to offer online shopping in three US cities
The discount retailer has partnered with Instacart for this pilot, which will roll out in Los Angeles, Atlanta and Dallas later this month.
By Jeff Wells • Aug. 14, 2017 -
PetSmart CEO steps down
In April the company announced the acquisition of online pet supply retailer Chewy.
By Daphne Howland • Aug. 14, 2017 -
Target to acquire same-day delivery company Grand Junction
The San Francisco-based company could help Target compete by connecting inventory to established local and regional delivery operations.
By Daphne Howland • Aug. 14, 2017 -
Costco taps new chairman after death of founder
Hamilton E. (Tony) James has been a director of Costco Wholesale since August 1988 and its lead independent director since 2005.
By Daphne Howland • Aug. 14, 2017 -
Deep Dive
8 retailers to watch during back-to-school
If the end of the retail shakeout is in sight, we might see the first signs during back-to-school. But the season is also a time to watch retailers try new things, test new strategies and make themselves into students of a chaotic marketplace.
By Ben Unglesbee • Aug. 11, 2017 -
Sephora launches members-only social platform
The "Beauty Insider Community" allows customers to search for their favorite looks and engage in beauty-focused group discussions.
By Cara Salpini • Aug. 11, 2017 -
Canada Goose expands online and off In a challenge to The North Face
The upscale outdoor apparel retailer is adding five stores to its fleet of two in Toronto and New York, and has launched four of seven planned markets this year.
By Daphne Howland • Aug. 11, 2017 -
Store closures eat up J.C. Penney's margins
The department store retailer managed a 1.5% increase in net sales in Q2 — a modest feat unmatched by some of its peers — but posted a loss as comparable sales declined.
By Ben Unglesbee • Aug. 11, 2017 -
Sally Beauty taps former DSW exec as new president
Carrie McDermott will be on hand to help the retailer as it amps up its e-commerce, omnichannel and marketing efforts.
By Daphne Howland • Aug. 11, 2017 -
Toys 'R' Us plans Times Square return
The company may be looking overseas for growth, but the New York City location could boost sales for the holidays.
By Daphne Howland • Aug. 11, 2017 -
Nordstrom stands out among faltering department stores
The company must continue to take the long view, and that might mean going private.
By Daphne Howland • Aug. 11, 2017 -
Dillard's plunges on second quarter losses
The regional department store suffers from too much inventory and a failure to adapt to the changing retail landscape, according to one analyst.
By Daphne Howland • Aug. 11, 2017 -
Payless CEO retires as the retailer exits bankruptcy
As it searches for a new chief, the shoe retailer will be led by a new executive committee that includes CFO Michael Schwindle, COO Mike Vitelli, headed by board chairman Martin R. Wade, III, as Paul Jones steps down from the role he's held since 2012.
By Daphne Howland • Aug. 10, 2017 -
Oregon becomes first state to require predictive scheduling
The new law's requirements apply to employers in the retail, hospitality and food service industries.
By Kate Tornone • Aug. 10, 2017 -
Macy's sales drop 5.4%, hit by store closures
Sales at the department store chain fell in the second quarter, but beat low expectations. CEO Jeff Gennette expects a better performance in the back half of the year.
By Ben Unglesbee • Aug. 10, 2017 -
Analyst: An improving Kohl's might be poised to expand
Amid a years-long turnaround, the discount department store is getting a firm grip on costs, inventory and its brick-and-mortar footprint, analysts told Retail Dive.
By Daphne Howland • Aug. 10, 2017 -
Foot Locker is kicking it against Amazon
With upgraded stores and consumers' ongoing preference to try on shoes in person, the athletic shoe retailer is actually undervalued, analysts say.
By Daphne Howland • Aug. 10, 2017 -
Target partners with BarkBox in pet play
The retailer has long relied on product differentiation to compete, and this latest move bulks up its assortment of pet supplies.
By Daphne Howland • Aug. 10, 2017 -
Amazon may have trouble lowering Whole Foods' prices
Product standards and a reliance on smaller producers may limit the e-commerce giant’s ability to remake the retailer’s “Whole Paycheck” image.
By Jeff Wells • Aug. 10, 2017