Financial News: Page 262


  • 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 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 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 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 Aug. 15, 2017
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    Retrieved from Target on August 22, 2014
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    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 Aug. 15, 2017
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    Ryan Willumson
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    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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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
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    Courtesy of Amazon
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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 Aug. 9, 2017