Financial News: Page 262
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Tailored Brands curtails losses amid Jos A. Bank's revitalization
The company's flagship Men’s Wearhouse brand is losing sales to Jos A. Bank, an acquisition that has yet to prove itself.
By Daphne Howland • Sept. 11, 2017 -
Pitney Bowes boosts delivery offerings with Newgistics acquisition
After at least three logistics-related acquisitions in as many years, the technology company's shipping sector ambitions have become increasingly clear.
By Dan O'Shea • Sept. 11, 2017 -
Target slashes prices as competition heats up
Shares in the retailer — and its rivals Costco and Walmart — were hit after the announcement Friday, but all three began to lift by early afternoon.
By Daphne Howland • Sept. 8, 2017 -
NRF lowers retail sales forecast
The analysis follows weaker-than-expected sales, income and spending numbers from the government, but the holidays could buoy retailers.
By Daphne Howland • Sept. 8, 2017 -
Barnes & Noble has a Nook problem
The beloved bookseller is struggling with sales, but plans to open new stores, including a smaller format, as it looks to grow the top line.
By Daphne Howland • Sept. 8, 2017 -
Destination Maternity CEO leaves as Q2 sales fall 7.7%
The apparel retailer's chief executive is out just weeks after hiring a management consulting firm following a nearly $4 million profit loss for the year so far.
By Ben Unglesbee • Sept. 8, 2017 -
Restoration Hardware soars as it beats expectations and raises outlook
CEO Gary Friedman said the company benefits from a willingness "to march into hell, as we did last year, for a heavenly cause."
By Daphne Howland • Sept. 8, 2017 -
J. Crew's chief design officer follows Jenna Lyons out the door
Somsack Sikhounmuong is the next executive to leave in a tumultuous period for the struggling apparel retailer.
By Daphne Howland • Sept. 8, 2017 -
Retrieved from Amazon on September 07, 2017
Amazon on the hunt for a second HQ
The e-commerce giant plans to invest more than $5 billion in the new facility and expects to eventually house 50,000 employees.
By Corinne Ruff • Sept. 7, 2017 -
Toys R Us reportedly hires debt adviser ahead of holidays
Amid tough competition in the segment, the toy retailer has hired a law firm to advise on its debt options, which could include bankruptcy.
By Ben Unglesbee • Sept. 7, 2017 -
GNC names Rite Aid's Ken Martindale CEO
Martindale replaces interim CEO Bob Moran, who took over last year following the abrupt resignation of Michael Archbold.
By Daphne Howland • Sept. 7, 2017 -
Opinion
Walmart and Affirm: A match Amazon will find hard to beat
The importance of the partnership’s new financing options shouldn’t be underestimated, writes Christopher Walton, former VP, Target Store of the Future.
By Christopher Walton • Sept. 7, 2017 -
Retrieved from Starbucks on May 08, 2017
Starbucks taps former Sam’s Club chief as COO
Brewer, formerly of Sam’s Club, has over 30 years of experience, including the top-notch omnichannel chops that Starbucks really needs right now.
By Daphne Howland • Sept. 7, 2017 -
Amazon opens shop inside Kohl's
Beginning next month, the department store retailer will feature zones dedicated to Amazon's goods and services in 10 of its stores.
By Daphne Howland • Sept. 6, 2017 -
Gap to close 200 stores, expand Old Navy
Over the next three years, the apparel retailer plans to close locations across its namesake and Banana Republic brands while opening 270 Old Navy and Athleta stores.
By Ben Unglesbee • Sept. 6, 2017 -
Report: Bon-Ton hires turnaround advisers
The retailer has tapped AlixPartners for help as it grapples with sales declines, profit loss, a large debt load and traffic drought, sources told Reuters.
By Ben Unglesbee • Sept. 6, 2017 -
Report: Blackstone pulls $2.8B Australian mall sale as Amazon spooks buyers
The PE firm has canceled a planned sale of a 10-mall portfolio as the e-commerce giant's arrival to Australia next month thwarts interest.
By Daphne Howland • Sept. 6, 2017 -
Dick's Sporting Goods to open 10 more stores
The sporting goods retailer has made it clear that brick-and-mortar stores are key to its sales — including those made online.
By Daphne Howland • Sept. 6, 2017 -
Deep Dive
What retailers can learn from REI's marketing success
Two years after the launch of its celebrated Opt Outside campaign, the outdoor retailer is engaging customers with a new brand message.
By Corinne Ruff • Sept. 6, 2017 -
Vitamin World reportedly preparing for bankruptcy
The supplement retailer, like other mall-based specialists that have filed for Chapter 11 protection this year, is looking to shed expensive leases for stores it no longer needs.
By Ben Unglesbee • Sept. 6, 2017 -
Hudson's Bay gives Gilt a makeover, debuts first Dutch store
While the Canadian department store is scaling back its North American operations, it's committed to opening at least 10 stores in the Netherlands this month.
By Daphne Howland • Sept. 6, 2017 -
Alibaba to open brick-and-mortar mall in China
The effort is part of the e-commerce giant’s "New Retail" strategy, focused on connecting with consumers across all channels, according to a report.
By Daphne Howland • Sept. 5, 2017 -
Retrieved from Amazon on May 10, 2017
Report: Amazon beefs up Alexa efforts as competition grows
The company has hired more engineers to work on Alexa-related projects and has appointed a new executive to head the efforts.
By Dan O'Shea • Sept. 5, 2017 -
Retrieved from Target on June 21, 2017
Retail employment slides, but could pick up for holidays
August job losses in the sector don’t reflect a big shift to e-commerce, according to the National Retail Federation and outplacement firm Challenger, Gray & Christmas.
By Daphne Howland • Sept. 5, 2017 -
Retrieved from Amazon on June 21, 2017
Amazon's apparel ambitions create tough choices for brands
Even if apparel makers sell directly through the e-commerce giant, they could face new competition as Amazon studies their best sellers, according to research from L2.
By Daphne Howland • Sept. 5, 2017