Financial News: Page 262
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Neiman Marcus reportedly cutting 225 jobs
The department store is suffering under "completely unsustainable" levels of debt and has ceased efforts to sell itself.
By Daphne Howland • July 27, 2017 -
Deep Dive
Is Sears' Kenmore deal with Amazon a game changer, or a drop in the bucket?
A partnership to sell Kenmore appliances on Amazon could add new sales for Sears and expand Amazon's appliance ambitions. But will Amazon shoppers flock to a brand some say is dying?
By Ben Unglesbee • July 27, 2017 -
Moody's: Smaller retailers vulnerable as competition intensifies
Amazon is casting a long shadow, and smaller retailers are vulnerable as competitors seek to grab their market share. And grocers are next.
By Daphne Howland • July 26, 2017 -
Walmart, JD announce shopping holiday to rival Singles Day
The companies have joined forces in China on order fulfillment and distribution and are planning an answer to Alibaba's blockbuster Singles Day.
By Daphne Howland • July 26, 2017 -
Shareholders demand Rent-A-Center sell itself
The rent-to-own retailer has faced increasing pressure from shareholders as it struggles to stay competitive in the market.
By Daphne Howland • July 26, 2017 -
Survey: Retailers using outdated tools to manage sourcing
Retail sourcing management needs to be brought into the 21st Century with new tools to manage their sourcing and supplier relationships, according to new research.
By Dan O'Shea • July 26, 2017 -
Activist presses Barnes & Noble to sell itself or go private
Sandell Asset Management said it had taken a "meaningful" stake in the book retailer and pushed it to consider a buyout by private equity or potentially a media company.
By Ben Unglesbee • July 25, 2017 -
Sports retailers tumble on Hibbett Sports sales warning
The sports retailer has its particular troubles, including a late entry to e-commerce, but investors are worried about sports retail in general.
By Daphne Howland • July 25, 2017 -
Michael Kors snaps up Jimmy Choo for $1.2B
With this move, Michael Kors is aiming upmarket and overseas for growth.
By Daphne Howland • July 25, 2017 -
J.C. Penney taps former Walmart exec as CFO
Jeffrey Davis has served as chief financial officer for Darden Restaurants (parent of the Olive Garden chain) and Walmart's U.S. stores.
By Ben Unglesbee • July 25, 2017 -
Lane Bryant launches free in-store styling
The company's one-on-one styling advice hopes to leverage the advantages of brick-and-mortar retail over e-commerce.
By Daphne Howland • July 25, 2017 -
Macy's names executive to head Backstage
Michelle Israel, senior vice president of Bloomingdale’s off-price unit, has been promoted to head Macy's Backstage and will oversee both businesses.
By Daphne Howland • July 25, 2017 -
Walmart takes a page from Amazon, invests in Plug Power
The investment provides both Walmart a means of powering its equipment faster, and a way to keep tabs on Amazon.
By Jennifer McKevitt • July 25, 2017 -
Deep Dive
What will become of the retail worker after the 'apocalypse'?
Employment losses in the retail sector are approaching 2009 levels with 60,000 jobs cut and counting. As retailers realign resources around e-commerce, the roles of associates are also changing.
By Ben Unglesbee • July 24, 2017 -
The Buckle taps new CFO as sales plummet
The teen apparel retailer is struggling with the chronic problems of the shifting apparel retail environment.
By Daphne Howland • July 24, 2017 -
Sephora debuts small format concept store in Boston
Sephora Studio will emphasize customer experiences through beauty consultations and services that fall in line with the retailer's in-store tech push.
By Daphne Howland • July 24, 2017 -
Amazon pays publishers, influencers to post on Spark
The e-commerce giant is seeking more content for its shopping-oriented social network.
By Robert Williams • July 21, 2017 -
FTC reportedly looking into Amazon's price listing practices
As it reviews the e-commerce giant's buyout of Whole Foods, the agency is probing a report that Amazon's reference prices mislead customers.
By Ben Unglesbee • July 21, 2017 -
Topshop taps Burberry merchant for top spot
Paul Price has been chief merchant at Burberry for a decade and replaces Topshop veteran Mary Homer, who left to lead The White Company.
By Daphne Howland • July 21, 2017 -
Amazon acquires comparison search firm Graphiq with Alexa in mind
As Amazon continues to expand Alexa's value, the e-commerce giant buys a company that enhances its search functionality.
By Dan O'Shea • July 20, 2017 -
NRF taps ex-Macy's chief Lundgren to lead board
Terry Lundgren, the man credited with building the first national department store chain, is leaving Macy's but he just can't quit retail.
By Daphne Howland • July 20, 2017 -
Alexa, can you help Sears sell Kenmore appliances?
The department store retailer is trying to boost sales of its appliance brand by selling on Amazon and connecting smart appliances to the e-commerce giant's virtual assistant.
By Ben Unglesbee • July 20, 2017 -
Abercrombie & Fitch investor: 'This is the time for buybacks'
A major shareholder, SLS Management, urged the retailer to take more aggressive action to bolster shareholder value following its failed sale.
By Daphne Howland • July 20, 2017 -
RadioShack receives a lifeline
The company will emerge from its second bankruptcy in two years as a shadow of its former shadow.
By Daphne Howland • July 20, 2017 -
Target kills Cartwheel Perks
The savings application, which is being rolled into Target's main app, will retain discounts and third-party coupons.
By Daphne Howland • July 20, 2017