Financial News: Page 265
-
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 -
Walgreens pulls the plug on Rite Aid deal
An outright merger has been replaced with a new agreement with Rite Aid where Walgreens Boots Alliance will purchase 2,186 stores, DCs and inventory.
By Daphne Howland • June 29, 2017 -
Mall vacancy rate edges up in Q2
The U.S. regional mall vacancy rate rose 0.2% to 8.1% in the second quarter, largely due to nationwide Macy's closures, according to real estate research firm Reis.
By Daphne Howland • June 29, 2017 -
Staples to be acquired by Sycamore Partners for $6.9B
After its failed merger with Office Depot last year, Staples has agreed to be taken private in the hopes of orchestrating a turnaround.
By Laura Heller • June 28, 2017 -
Walmart and Quest team up for lab services
The partnership furthers efforts to broaden healthcare services to increase traffic and boost sales.
By Daphne Howland • June 28, 2017 -
Adverse effects of personal care products double in 2016
Consumers are reporting more adverse affects from using beauty and wellness products, encouraging retailers to create safer products.
By Daphne Howland • June 28, 2017 -
Louis Vuitton reportedly mulling US factory for production
The idea was floated by the brand, owned by luxury conglomerate LVMH, in a meeting with President Donald Trump.
By Daphne Howland • June 28, 2017 -
Under Armour brings back COO post amid leadership shake-up
Incoming COO Patrik Fisk, most recently CEO of footwear company Aldo, will be charged with executing the athletic retailer's long-term growth plan during a period of muted progress.
By Daphne Howland • June 28, 2017 -
Nike unveils NYC headquarters
The new effort is part of the company's recently announced Consumer Direct Offense initiative focusing on major cities worldwide to forge deeper ties with urban consumers.
By Daphne Howland • June 27, 2017
Previous
