Financial News: Page 259
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Nasty Gal founder launches Girlboss Media with $1.2M in seed funding
Sophia Amoruso is pivoting from apparel to expand her Girlboss Radio podcast into a media company.
By Daphne Howland • Aug. 31, 2017 -
Deep Dive
Payless is the first of its peers to exit bankruptcy. Now what?
The discount shoe seller filed for Chapter 11 prepared and is now a smaller, healthier retailer. But it still has to win customers in a chaotic retail world.
By Ben Unglesbee • Aug. 30, 2017 -
Chico's still failing to gain traction
The struggling retail company also announced a new president for its better-performing Soma lingerie brand.
By Daphne Howland • Aug. 30, 2017 -
Simon Property Group sues Starbucks over Teavana store closures
The coffee retailer is pulling the plug on the tea chain’s underperforming stores, but the mall operator alleges in doing so it's violating lease agreements.
By Daphne Howland • Aug. 30, 2017 -
Grocery is driving e-commerce success at Walmart
A new study shows 26% of the retail giant’s e-commerce sales came from food and beverages in Q2, a sign that its efforts in the online marketplace are paying off.
By Sandy Skrovan • Aug. 30, 2017 -
Deep Dive
Inside Amazon + Whole Foods: The first day
As Amazon started running the upscale grocer on Monday, special sales were the main draw. But the changes go beyond just low prices.
By Jeff Wells • Aug. 29, 2017 -
Best Buy holds its own against Amazon
The electronics retailer beat sales and earnings estimates, but an initial burst of excitement by investors was tempered by Best Buy's hint that holiday sales might not keep up.
By Daphne Howland • Aug. 29, 2017 -
Sears reportedly losing suppliers as vendor insurance rises
Some vendors have pulled back from the struggling department store retailer as the cost of insuring their orders has spiked, Reuters reports.
By Ben Unglesbee • Aug. 29, 2017 -
Report: Uniqlo looking for a digital transformation
The Japanese retailer is adopting an increasingly common stance as it aims for a digital and technological makeover.
By Dan O'Shea • Aug. 29, 2017 -
Walmart heir sheds $62M in shares
Rob Walton, founder Sam Walton’s oldest son, sold the stock last week, sparking speculation although he’s still got $8.4 billion left.
By Daphne Howland • Aug. 29, 2017 -
Retrieved from Target on August 28, 2017
Target hopes shoppers raise a glass to its new $5 private label wine
The retailer is extending its cheap chic image to the grocery department with the introduction of an exclusive, value-oriented collection that includes Cabernet Sauvignon, Chardonnay and Pinot Grigio.
By Sandy Skrovan • Aug. 29, 2017 -
Deep Dive
Is Nordstrom the next acquisition target for Walmart or Amazon?
The two retail giants have something to gain from taking over Warby Parker, Lowe’s or Ulta Beauty — but the Seattle-based department store with a strong off-price division is a strong contender, according to data-fueled speculation from Foursquare.
By Daphne Howland • Aug. 28, 2017 -
Report: Hudson's Bay considering going private
The department store retailer is said to be looking for an adviser to assess options as an activist presses for a real estate sale to pay off shareholders.
By Ben Unglesbee • Aug. 28, 2017 -
Roots Canada opens customization lab at Toronto flagship
Shoppers of the lab can peruse leather and fabric samples and use a digital interface to add custom touches like monograms.
By Daphne Howland • Aug. 28, 2017 -
Perfumania files for bankruptcy, plans to close stores
The country's largest fragrance retailer is looking to downsize and invest more in omnichannel efforts as it grapples with debt and sales declines.
By Ben Unglesbee • Aug. 28, 2017 -
J.C. Penney CFO wants to increase tech investment
The newly-appointed exec hopes allocating more to tech investment will boost the department store retailer's chances of recovery from ongoing struggles.
By Dan O'Shea • Aug. 28, 2017 -
Study: Uncertain immigration policies dampen US Hispanic spending
The situation is especially challenging for retailers in California, Texas and New Mexico, but is likely a short-term problem considering its more of a political and social issue than an economic one.
By Daphne Howland • Aug. 25, 2017 -
Dollar Tree shrugs off Walmart competition in healthy Q2
The discount retailer plans to expand its brick-and-mortar footprint for both Dollar Tree and Family Dollar stores as it faces price competition on several fronts.
By Daphne Howland • Aug. 25, 2017 -
Ulta shows its strength
Despite a slowdown in growth, same-store sales remain robust and the beauty retailer shows nothing but strength on and offline.
By Daphne Howland • Aug. 25, 2017 -
Macy's beds Lucky Brand for new collection
The department store has announced a steady stream of exclusively designed collections for apparel and home to entice customers.
By Daphne Howland • Aug. 25, 2017 -
Retrieved from Target on August 25, 2017
Target names new strategy and innovation chief
Minsok Pak will take over the role previously filled by Casey Carl, who left in April after spearheading some of the retailer's most cutting edge projects.
By Daphne Howland • Aug. 25, 2017 -
Amazon's Whole Foods takeover immediately cuts prices, grows Prime
After the deal goes into effect Monday, prices will drop on grocery staples and Whole Foods’ private-label brands will be available to Prime members.
By Jeff Wells, Corinne Ruff • Aug. 25, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples beats expectations amid sales decline
Shareholders will soon take up the company's proposed acquisition by Sycamore Partners, which plans to spin off the retail business.
By Daphne Howland • Aug. 24, 2017 -
Madewell a bright spot as J. Crew struggles
The company trimmed debt by $300 million and its young brand is doing well, but is that enough to save J. Crew?
By Daphne Howland • Aug. 24, 2017 -
Sears closing 28 more Kmart stores, posts $1B sales decline
The department store retailer's many cost cuts and store closures have slowed the rate at which it's losing money, but Sears is still plagued by poor sales and fading customer interest.
By Ben Unglesbee • Aug. 24, 2017