Financial News: Page
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Walmart strikes a ‘Tasty’ deal with BuzzFeed
The partnership with the recipe app allows the retailer to sell kitchenware and appliances on the network's video pages, challenging Amazon's string of deals with recipe sites.
By Jeff Wells • Dec. 8, 2017 -
Coach partners with Snapchat for scannable holiday pins
Users of the new product can scan a code with a smartphone camera to play an arcade game based on the brand's holiday video campaign.
By David Kirkpatrick , Natalie Black (Koltun) • Dec. 8, 2017 -
Hudson's Bay sheds another Lord & Taylor store
In a move to maximize its real estate holdings, the company recently raised $23 million by selling two Lord & Taylor leases, including one in Skokie, IL.
By Daphne Howland • Dec. 8, 2017 -
Liberty of London exec returning to Neiman Marcus
Ed Burstell will arrive at the luxury department store at the start of a key rebuilding year, during which he will be charged with driving product innovation.
By Daphne Howland • Dec. 7, 2017 -
Lululemon sales soar 14%, but profit takes a hit
The athleisure brand has recovered nicely from quality and fashion missteps, and analysts expect its upward trajectory to continue.
By Daphne Howland • Dec. 7, 2017 -
Dollar General adding 900 new stores in 2018
The discounter is remodeling and building out its store base at a frenetic pace, justified in part by an 11% year-over-year sales increase in the third quarter.
By Ben Unglesbee • Dec. 7, 2017 -
Hudson's Bay falters as cuts undermine sales
The company seems to be hobbled by its focus on real estate investments, but executives say that holiday sales will help strengthen results.
By Daphne Howland • Dec. 7, 2017 -
Roots unveils brick-and-mortar expansion
The outdoorsy brand is pivoting to more urban styles and has already signed four new U.S. leases for next year.
By Daphne Howland • Dec. 7, 2017 -
UPS swamped with shipments, warns of delays
Retailers may need to offer buy online, pick up in store options to avoid blame for delayed deliveries.
By Jennifer McKevitt • Dec. 7, 2017 -
Walmart drops 'stores' from legal name
While most consumers won’t notice the change, it signifies a big shift in how the retail giant views itself as an omnichannel operator.
By Daphne Howland • Dec. 7, 2017 -
American Eagle trades profits for e-commerce sales
After a healthy third quarter at both its flagship and Aerie lingerie brands, executives say they have "never been more ready" for the holidays.
By Daphne Howland • Dec. 7, 2017 -
3D shopping tech startup rakes in $23M
Modsy, which combines 3D technology and personalization, is picking up funding at a time when many online furniture retailers are testing similar capabilities.
By Dan O'Shea • Dec. 6, 2017 -
Opinion
10 surprising retail predictions for 2018
The industry is hitting a tipping point, writes consultant Christopher Walton, and retailers should brace themselves.
By Christopher Walton • Dec. 6, 2017 -
Amazon, Home Depot, Walmart boast top-notch digital experiences
Big-box retailers have come a long way on digital — now nearly 70% offer barcode scanning through their apps, a new survey found.
By Dan O'Shea • Dec. 6, 2017 -
Target is betting big on small-format stores
The retailer will open 18 stores next year, notably expanding its small-format fleet, which is focused on urban, suburban and college campus regions.
By Daphne Howland • Dec. 6, 2017 -
Belk grabs The Limited as exclusive label
Once a definer of casual fashion, the brand will become a department store label for working women.
By Daphne Howland • Dec. 6, 2017 -
L'Occitane store redesign promotes 'multi-sensory' experience
The beauty retailer's immersive store is designed with the elements in mind, with hopes that shoppers engage with products on different levels.
By Dan O'Shea • Dec. 5, 2017 -
New Walgreens branding emphasizes distant past
The move comes just a day after rival CVS blasted into the future with the news it would acquire health insurer Aetna for $69 billion.
By Daphne Howland • Dec. 5, 2017 -
Ann Taylor-parent Ascena sees sales sag
The company is closing stores as it tries to regroup, but it's suffering from fashion misses at more than one of its brands.
By Daphne Howland • Dec. 5, 2017 -
Deep Dive
4 major questions about the proposed CVS-Aetna merger
The $69 billion merger announced Sunday is the kind of deal that can upend an industry.
By Shannon Muchmore • Dec. 5, 2017 -
Charming Charlie to close stores, cut corporate staff
The women's accessories retailer is scaling back operations in an effort to get leaner, as fears of a financial default swirl.
By Ben Unglesbee • Dec. 5, 2017 -
Five Below keeps adding stores as sales soar
The retailer is managing all manner of trends and fostering a treasure hunt atmosphere, but it could get harder to top its own results going forward.
By Daphne Howland • Dec. 5, 2017 -
Guitar Center downgraded
The guitar retailer may negotiate a debt exchange, but S&P analysts warn a transaction could be "tantamount to default."
By Ben Unglesbee • Dec. 5, 2017 -
Gap lost 54% of its shoppers in one year
What's more, almost four out of every 10 (38%) of the retailer's lost customers shopped at Old Navy instead, according to research from 1010data.
By Daphne Howland • Dec. 5, 2017 -
Toys R Us to shutter 25% of UK stores
The toy retailer is also looking for more time before submitting a plan to reorganize following its Chapter 11 bankruptcy filing in September.
By Ben Unglesbee • Dec. 5, 2017
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