Financial News: Page 262
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2nd Time Around shutters, leaves consignors hanging
While second-hand retail is flourishing, the company may have expanded its brick-and-mortar fleet too quickly.
By Daphne Howland • July 10, 2017 -
Finish Line bets on mobile to boost sales amid store strategy overhaul
The retailer's mobile loyalty app was a bright spot on its most recent quarterly performance, even as it continues to remodel some stores and close others.
By Dan O'Shea • July 9, 2017 -
Opinion
Is this the Amazon Century?
The e-commerce giant's dominance is about much more than the Whole Foods takeover, writes Lee Peterson at WD Partners.
By Lee Peterson • July 7, 2017 -
Sears to close 43 more stores
This time, eight Sears and 35 Kmart "unprofitable" stores will shutter by October, with liquidation sales beginning July 13.
By Daphne Howland • July 7, 2017 -
L Brands falls on worse-than-expected June sales
The company's exit from swimwear and other apparel at its Victoria’s Secret brand delivered a short-term hit.
By Daphne Howland • July 7, 2017 -
QVC-HSN merger puts Amazon and Walmart on notice
The deal creates a new retail powerhouse and the third largest e-commerce company after Amazon and Walmart.
By Daphne Howland • July 7, 2017 -
Costco shrugs off Amazon worries with June sales surge
Costco shares had retreated on the news of Amazon's $13.7 billion Whole Foods acquisition, but many analysts say the membership retailer is different — and will survive.
By Daphne Howland • July 6, 2017 -
Deep Dive
10 major retailers that could go bankrupt in 2017
Massive debt, declining sales, shrinking customer base, cutthroat competition — it's a toxic recipe for retailers that has spelled doom for many and could send more household names into bankruptcy this year.
By Ben Unglesbee • July 6, 2017 -
Cabela's-Bass Pro merger gets FTC blessing
Now the deal must get the approval of Cabela's shareholders.
By Daphne Howland • July 6, 2017 -
QVC gobbles up rival HSN in $2.1B deal
The merger will create a powerhouse in the digital retail realm, including online and TV channels, and provide a host of benefits from the combined companies new scale.
By Daphne Howland • July 6, 2017 -
Best Buy poised to dethrone Sears in appliance sales
As in so many other sectors, Sears is falling out of competition in the appliances market, but is eyeing a new way to boost sales.
By Dan O'Shea • July 5, 2017 -
Report: Snapdeal balked at Flipkart’s lowball bid
The rejected bid was between $850 million and $900 million, which is well below a widely reported estimated value of $1 billion.
By Dan O'Shea • July 5, 2017 -
Target debuts new brands to cement 'Tar-zhay' image
The retailer is rolling out 12 new brands that aim to emulate its “cheap chic” reputation and invoke an emotional connection with consumers.
By Corinne Ruff • July 5, 2017 -
RadioShack creditors sue Sprint over co-branding partnership
The lawsuit alleges Sprint used trade secrets from RadioShack to open competing wireless stores, ultimately leading to nearly 6,000 lost jobs at the now bankrupt retailer.
By Ben Unglesbee • July 5, 2017 -
True Religion files for bankruptcy protection
The U.S. denim maker, which has had trouble keeping up with changing consumer tastes, has plans to reduce its mounting debt and bolster its digital business.
By Daphne Howland • July 5, 2017 -
Report: Food aid cuts could cost retailers $70B
The Trump administration's proposed $191 billion SNAP reduction over the next 10 years would cost retailers some $70.7 billion, according to a new report.
By Daphne Howland • July 5, 2017 -
Walmart Open Call event grants entrepreneurs shelf space
The big-box retailer made deals with some 100 entrepreneurs, allowing their products to be sold by Walmart, as it continues to broaden its product lineup.
By Dan O'Shea • July 4, 2017 -
Camping World scales back store plans for Gander Mountain
From the get-go, CEO Mark Lemonis made it clear that only stores with good prospects would survive, and now only 57 stores are slated to re-open.
By Daphne Howland • June 30, 2017 -
Staples acquirer reportedly plans to split the retailer up
Private equity firm Sycamore Partners plans to split the office supplies retailer into three separately financed units to help win financing for the deal.
By Ben Unglesbee • June 30, 2017 -
Nike steps ahead in Q4 with consumer connection strategy
The sports gear maker on Thursday also confirmed it will sell a limited assortment through Amazon.
By Daphne Howland • June 30, 2017 -
Pier 1 tumbles on sales miss
But the furniture and home goods retailer narrowed its losses on cost controls and held the line on discounts.
By Daphne Howland • June 30, 2017 -
H&M grows Q2 profits and the Arket brand
But high inventories and lower sales triggered markdowns. Meanwhile, hometown Stockholm will get a new Arket store, the fast-fashion retailer's latest banner.
By Daphne Howland • June 30, 2017 -
Abercrombie inks Hong Kong deal for new store concept
The teen apparel retailer will also open five such stores in the U.S., featuring fitting rooms with controls for light and music and a phone charging dock.
By Daphne Howland • June 30, 2017 -
Walmart celebrates 'Academy' graduates in revamped training effort
Walmart has plans for 200 "Walmart Academies" to be running revamped training nationwide by the end of the year.
By Daphne Howland • June 29, 2017 -
Report: CVS is hiding the candy in push for better health
The drugstore retailer has moved candy bars away from the checkout and dropped suntan oil to further align the CVS brand with healthy living.
By Ben Unglesbee • June 29, 2017
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