Financial News: Page
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Retrieved from Walmart on July 21, 2017
Deep DiveWill Walmart woo holiday procrastinators with in-store pickup?
While the big-box retailer can't compete with Amazon's last-minute delivery, it does have one major advantage — over 4,750 stores. But is that enough?
By Corinne Ruff • Dec. 20, 2017 -
Macy's taps former Walmart exec for new digital role
Jill Ramsey has more than two decades of e-commerce experience and is tasked with connecting the digital and physical stores.
By Daphne Howland • Dec. 20, 2017 -
Bon-Ton misses $14M interest payment, restructuring could follow
S&P analysts downgraded the department store retailer to default levels, writing that that a debt restructuring, either through bankruptcy or out of court, was "likely" in the near future.
By Ben Unglesbee • Dec. 20, 2017 -
Has Amazon Prime peaked?
The reach of the e-commerce giant's membership program is unknown, but there are signs that Prime's growth is slowing down.
By Daphne Howland • Dec. 20, 2017 -
John Lewis Partnership elevates company veteran to CIO
In a year of shuffling retail CIOs and CTOs, the U.K. operator of John Lewis and Waitrose stores is promoting Andrew Murphy to guide tech strategy.
By Dan O'Shea • Dec. 19, 2017 -
Ikea flaunts VR experience at Dallas store opening
Roughly 300 customers used the immersive tech to view furniture, play games and learn about the brand's sustainability and design.
By David Kirkpatrick • Dec. 19, 2017 -
Foot Locker returns to its roots with new West Coast flagship
The athletic shoe retailer is under pressure as sporty styles give way to more urban fashion, particularly with younger shoppers.
By Daphne Howland • Dec. 19, 2017 -
Meijer completes its latest round of fresh remodels
The Midwest retailer has remodeled more than a quarter of its 235 stores over the past two years, including a flagship store in Rockford, MI that it'll use to test innovations and improvements.
By Pamela DeLoatch • Dec. 19, 2017 -
Refill required: CVS CIO steps down
Stephen Gold oversaw the creation of an innovation lab, a data analytics-driven clinical advice engine and various digital tools during his five years with the company.
By Alex Hickey • Dec. 18, 2017 -
Amazon activity in Atlanta sparks HQ2 speculation
A lobbyist for the online retailer has registered in Georgia, sparking speculation that the capital city could be the company's choice for its much-vaunted second headquarters.
By Daphne Howland • Dec. 18, 2017 -
The Limited, Toys R Us and Gymboree among 11 retail bankruptcies impacting mall investors
Vacated stores have threatened hundreds of commercial property loans backed by malls that were home to stores shuttered amid this year's 'retail apocalypse.'
By Ben Unglesbee • Dec. 18, 2017 -
Charlotte Russe downgraded amid efforts to shed debt
Cost cuts are now in focus as yet another private equity-owned retailer grapples with a debt load that's impeding a much-needed turnaround.
By Daphne Howland • Dec. 18, 2017 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M to close stores, expand on Alibaba's Tmall
As inventories rose and sales tanked in the fourth quarter, the fast-fashion retailer announced it's picking up the pace on a transformation plan.
By Daphne Howland • Dec. 18, 2017 -
Walgreens ups third-party API game with ‘Add to Cart’ capability
Five years into its API development efforts, Walgreens continues to push out new APIs to expand its brand reach through third parties.
By Dan O'Shea • Dec. 15, 2017 -
Will Amazon really dominate grocery?
The online retailer's Whole Foods acquisition has made it a bigger threat, but tough competition from Walmart and Kroger means industry supremacy is far from guaranteed.
By Pamela DeLoatch • Dec. 15, 2017 -
Overstock founder wants to 'walk away,' pursue blockchain opps
CEO Patrick Byrne hopes to walk away from the e-commerce business in favor of opportunities in cryptocurrency.
By Daphne Howland • Dec. 15, 2017 -
Asics unveils mobile app for on-demand workouts
The brand also debuted its first U.S. flagship store, which features two distinct brands: one for athletes and the other for customers looking for street styles.
By Robert Williams • Dec. 15, 2017 -
Costco's strong Q1 earnings prove it's still Amazon-proof
The club retailer posted higher-than-expected earnings while e-commerce sales jumped 42.1% in the first quarter of 2018.
By Jeff Wells • Dec. 15, 2017 -
Pier 1 plunges amid strong competition
The company is set on maintaining stores, which are pivotal to boosting sales in all channels, executives said.
By Daphne Howland • Dec. 15, 2017 -
November retail sales lift 0.8%
It's been a healthy start to the holiday, according to numbers from the U.S. Commerce Department and the National Retail Federation.
By Daphne Howland • Dec. 15, 2017 -
Ivanka Trump opens a store in Trump Tower
The brand has struggled to make physical stores work, and its location of choice offers a mixed bag.
By Daphne Howland • Dec. 15, 2017 -
Tractor Supply beats Amazon, Nordstrom in web experience
Apple beats Costco at stores, Williams Sonoma beats Amazon at mobile — ForeSee's annual rankings of the best retail experiences offer some surprising findings.
By Daphne Howland • Dec. 14, 2017 -
Retrieved from Amazon on December 14, 2017
Sears to sell DieHard on Amazon
The troubled department store chain is deepening ties with the e-commerce giant by peddling its famous battery line on the website.
By Ben Unglesbee • Dec. 14, 2017 -
7-Eleven tests mobile ordering, delivery with new app
The convenience store chain now lets Dallas customers order and pay for products via their smartphone. What can retailers learn?
By Robert Williams • Dec. 14, 2017 -
Gander Mountain back from bankruptcy as 'Gander Outdoors'
The company, acquired by Camping World in May, is opening new stores and rebranding under its new owner.
By Daphne Howland • Dec. 14, 2017