Financial News: Page 260
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Amazon’s new mobile investment could add Alexa to more devices
Amazon appears to be getting involved in the smartphone market again, but as an investor this time.
By Dan O'Shea • Aug. 9, 2017 -
Deep Dive
Q&A: TreeHouse CEO Jason Ballard on greening the home improvement supply chain
You can call it the "Home Depot for hipsters," but the Texas-based retailer is charting new territory in building product sales and services.
By Hallie Busta • Aug. 9, 2017 -
Pier 1 loses a CFO, gains a new CIO
Jeffrey Boyer is leaving to join Fossil Group as CFO. Meanwhile retail veteran Bhargav Shah is stepping in as head of tech at the home furnishings retailer.
By Ben Unglesbee • Aug. 9, 2017 -
Ralph Lauren to ax up to 25% of department store outlets
The apparel brand is suffering severe sales declines as it exits department stores and off-price retailers, but margins are improving.
By Daphne Howland • Aug. 9, 2017 -
Macy's taps Kobi Halperin for limited fashion collection
The limited collection ranges in price from $79 to $299 and signifies a departure from the department store's recent off-price efforts.
By Daphne Howland • Aug. 9, 2017 -
Callaway Golf to acquire TravisMathew apparel
The golf retail business is picking up as the apparel and lifestyle brand is poised for growth.
By Daphne Howland • Aug. 9, 2017 -
Michael Kors beats estimates but remains in turnaround mode
The company has made an effort to build up its own styles and has loads of opportunity in Europe thanks to its Jimmy Choo acquisition, but fiscal 2018 remains a rebuilding year.
By Daphne Howland • Aug. 8, 2017 -
Abercrombie & Fitch rolls out new store concept
But can capsule collections, interactive fitting rooms and more efficient cash wraps help Abercrombie get its cool back?
By Daphne Howland • Aug. 8, 2017 -
Alibaba, Marriott teaming up to court travelers
The travel industry is an important growth opportunity in light of the estimated 700 million trips that China's travelers are expected to take over the next five years, the companies said.
By Daphne Howland • Aug. 8, 2017 -
Appear Here, Square host competition for pop-up store space
Entrepreneurs have the chance to fast-track their ideas from concept to storefront, with three winners receiving a two-week stint on a major shopping street.
By Dan O'Shea • Aug. 7, 2017 -
Sprouts CEO says Amazon partnership could expand to 50% of stores
The retailer, which reported strong earnings last week, said it plans to increase the number of stores delivering through Amazon Prime Now from 10 to 20 by the end of 2017.
By Jeff Wells • Aug. 7, 2017 -
Adidas muscles in on Nike, Under Armour with 66% e-commerce sales jump
The German athletic wear company has pivoted to street styles to drive much of its success, but still lags on mobile.
By Daphne Howland • Aug. 7, 2017 -
Moody's: Retail is still 'fundamentally healthy'
Despite store closures, layoffs and bankruptcies stealing headlines, the retail industry isn't doomed — it's just being forced to change at a rapid clip.
By Ben Unglesbee • Aug. 7, 2017 -
Otterbox opening first retail store
As other retailers shrink their brick-and-mortar footprint, the electronics accessories brand is opening a store in its Colorado hometown that features its expanding line of products.
By Daphne Howland • Aug. 7, 2017 -
Gap to shutter operations in Australia
OrotonGroup, which runs the franchise Down Under, is closing its six Gap locations while trying to execute a turnaround.
By Daphne Howland • Aug. 7, 2017 -
L.L. Bean tops Amazon in customer service
Amazon was no. 2, followed by Lands’ End, Fingerhut and Kohl’s, according to a report by Prosper Insights & Analytics.
By Daphne Howland • Aug. 7, 2017 -
Walmart prepared to fight back against Aldi and Lidl
The two German supermarkets are killing Walmart's Asda business in the U.K. — and now the pressure is on for Walmart's U.S. stores as well.
By Daphne Howland • Aug. 4, 2017 -
Retail job cuts defy national trends
July retail job cuts are 46.7% higher this year than in the year-ago period.
By Daphne Howland • Aug. 3, 2017 -
Deep Dive
Amazon Jobs Day: Why more than 20k showed up to apply
Amazon confronts the supply chain talent shortage by hiring for character qualities instead of skillsets, and manages to ding Walmart in the process.
By Ryan Golden , Kate Patrick Macri • Aug. 3, 2017 -
Line Friends opens flagship store in Times Square
The brand’s characters, which hail from a popular Japanese messaging app, demonstrate the rise of digital-first retailers.
By Daphne Howland • Aug. 3, 2017 -
Study: 73% of retail execs see bonuses slashed
As retailers turn to discounting and coupons to drive traffic, their leaders are seeing bonuses and compensation discounted to match the poor earnings.
By Daphne Howland • Aug. 3, 2017 -
Target accelerator grad Branch Messenger raises $6.8M
Getting early mentoring from Target and Techstars really paid off for work scheduling app creator Branch Messenger.
By Dan O'Shea • Aug. 3, 2017 -
Costco founder dies at 74
Jeff Brotman, along with co-founder and former CEO Jim Sinegal, long touted the superior pay, benefits and working conditions that Costco has become known for.
By Daphne Howland • Aug. 2, 2017 -
Blue Apron, Wayfair and Ascena top list of 'hot 100' retailers
The fast-growing retailers led the pack with differentiated merchandise and compelling shopping experiences, but even they are under severe pressure.
By Daphne Howland • Aug. 2, 2017 -
Forrester: US retail sales expand to $3.56T
While e-commerce is rising and topping 10% of all sales, stores remain important. Retailers should stop neglecting them, Forrester researchers say.
By Daphne Howland • Aug. 2, 2017