Financial News: Page
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Alibaba investing $3B in brick-and-mortar grocer
The Chinese e-commerce giant has formed an alliance with French retail company Auchan Retail and Taiwanese Ruentex to expand its physical footprint across the country.
By Daphne Howland • Nov. 21, 2017 -
Shiekh Shoes reportedly scrambling to avoid bankruptcy
The streetwear sneaker company, which bought e-retailer Karmaloop last year, is searching for financing to avoid bankruptcy.
By Daphne Howland • Nov. 20, 2017 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Saks launches gift-themed Messenger chatbot ahead of Black Friday
The offering could help the retailer reach young shoppers earlier in the buying journey than the typical customer service bot.
By Natalie Black (Koltun) • Nov. 20, 2017 -
Hibbett Sports nudges sales up with e-commerce, rewards
Despite earnings falling nearly 70% in the third quarter, investors sent the retailer’s shares up more than 15% on Friday after its newborn digital effort gains traction.
By Daphne Howland • Nov. 20, 2017 -
Retrieved from Amazon on July 12, 2017
Amazon speeds up warehouse visits with mobile app
The e-commerce giant is forging a direct connection with truckers through an app that will help gain more efficient access to the company's warehouses.
By Dan O'Shea • Nov. 20, 2017 -
Foot Locker pumps up Nike partnership with new store concepts
The athletics retailer had its best day on Wall Street in years as analysts show confidence that it can hold its own.
By Daphne Howland • Nov. 20, 2017 -
Bon-Ton Stores closing 'at least' 40 stores next year
The struggling department store retailer could close around 15% of its footprint as same-store sales fall again.
By Daphne Howland • Nov. 20, 2017 -
Walmart calls dibs on 15 Tesla trucks
The company that already owns the largest truck fleet in retail is making a big bet on the just-unveiled electric model from Tesla.
By Dan O'Shea • Nov. 19, 2017 -
Bankrupt Toys R Us wants $16M for executive bonuses
The request is being met with resistance as some wonder if the toy seller can navigate the holiday season and emerge from bankruptcy.
By Daphne Howland • Nov. 17, 2017 -
Abercrombie & Fitch soars on sales gains as Hollister shines
The teen apparel company's turnaround is starting to bear fruit with the first same store sales increase since 2015.
By Daphne Howland • Nov. 17, 2017 -
Retrieved from Amazon on March 28, 2017
Amazon Go edges closer to frictionless shopping vision
The technology behind Amazon Go is getting better, but what comes next and when isn't clear, according to Bloomberg.
By Dan O'Shea • Nov. 17, 2017 -
Williams-Sonoma gets an edge in the augmented reality race
The home goods retailer acquired Outward, a 3-D imaging startup, in what looks to be a dedicated move toward using more of the tech.
By Dan O'Shea • Nov. 17, 2017 -
Lululemon debuts sneaker line
Partnering with Athletic Propulsion Labs, the athletics retailer has started selling shoes in 23 stores — three of those styles are exclusive to Lululemon.
By Daphne Howland • Nov. 17, 2017 -
Gap banks on Athleta, Old Navy for growth
Coming off a fourth straight quarter of same store sales increases, the Gap's turnaround efforts seem to be taking hold, but the company problems remain for two of its brands.
By Daphne Howland • Nov. 17, 2017 -
Deep Dive
12 major retailers that could go bankrupt
With the Toys R Us bankruptcy highlighting the chaotic, risky world for some retailers, we revisited our list of big industry names who could go bust over the next year.
By Ben Unglesbee • Nov. 16, 2017 -
Wayfair expands appliance offerings with GE brands
The online furniture retailer is joining J.C. Penney in turning to appliance sales, as once-formidable Sears shrinks.
By Daphne Howland • Nov. 16, 2017 -
Walmart online sales surge 50% in Q3
But price cuts and the cost of growing e-commerce are hurting the retail giant’s bottom line.
By Daphne Howland • Nov. 16, 2017 -
Forever 21 investigating POS security breach
Encryption and other protective measures used by the retailer may not have been operating on affected point of sale systems when the breach occurred.
By Dan O'Shea • Nov. 16, 2017 -
Best Buy blames sales miss on late iPhone X
Despite missing projections for a 4.8% sales increase in Q3, the electronics retailer is well-positioned for the holidays, analysts say.
By Daphne Howland • Nov. 16, 2017 -
Activist pressure cracking down on mall developer Taubman
Plenty of malls are struggling as retailers falter, but Taubman’s malls are doing quite well. That’s what has activist investors seething.
By Daphne Howland • Nov. 16, 2017 -
Petco scoops up subscription service Pupbox
Subscription services are proving to be a trendy business model for all retailers, from clothes to pet supplies.
By Daphne Howland • Nov. 16, 2017 -
Amazon could be worth $1 trillion in 2018
Retailers that want to compete in the landscape being shaped by Jeff Bezos, though, must do more than simply mimic the e-commerce juggernaut.
By Daphne Howland • Nov. 15, 2017 -
TJX 'left some business on the table' in rare sales miss
But the retail company has already addressed what it calls a "fashion miss" and expects a happy holiday quarter.
By Daphne Howland • Nov. 15, 2017 -
Robot manufacturer gains $17.5 million in funding
Bossa Nova Robotics gets a financial boost as it looks to leverage growing interest in robots for retail.
By Dan O'Shea • Nov. 15, 2017 -
Retrieved from Target on November 14, 2017
Target sales are up but forecasts a competitive holiday ahead
Price cuts are helping but the transformation is going slowly and the mass merchant needs to be bolder and more creative, especially in stores, say analysts.
By Daphne Howland • Nov. 15, 2017