Financial News: Page 265


  • Sprouts CEO says Amazon partnership could expand to 50% of stores

    The retailer, which reported strong earnings last week, said it plans to increase the number of stores delivering through Amazon Prime Now from 10 to 20 by the end of 2017.

    By Jeff Wells • Aug. 7, 2017
  • Adidas muscles in on Nike, Under Armour with 66% e-commerce sales jump

    The German athletic wear company has pivoted to street styles to drive much of its success, but still lags on mobile.

    By Aug. 7, 2017
  • Moody's: Retail is still 'fundamentally healthy'

    Despite store closures, layoffs and bankruptcies stealing headlines, the retail industry isn't doomed — it's just being forced to change at a rapid clip.

    By Aug. 7, 2017
  • Otterbox opening first retail store

    As other retailers shrink their brick-and-mortar footprint, the electronics accessories brand is opening a store in its Colorado hometown that features its expanding line of products. 

    By Aug. 7, 2017
  • Gap to shutter operations in Australia

    OrotonGroup, which runs the franchise Down Under, is closing its six Gap locations while trying to execute a turnaround.

    By Aug. 7, 2017
  • L.L. Bean tops Amazon in customer service

    Amazon was no. 2, followed by Lands’ End, Fingerhut and Kohl’s, according to a report by Prosper Insights & Analytics.

    By Aug. 7, 2017
  • Walmart prepared to fight back against Aldi and Lidl

    The two German supermarkets are killing Walmart's Asda business in the U.K. — and now the pressure is on for Walmart's U.S. stores as well.

    By Aug. 4, 2017
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    Retrieved from Target on June 21, 2017
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    Retail job cuts defy national trends

    July retail job cuts are 46.7% higher this year than in the year-ago period. 

    By Aug. 3, 2017
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    Ryan Golden
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    Deep Dive

    Amazon Jobs Day: Why more than 20k showed up to apply

    Amazon confronts the supply chain talent shortage by hiring for character qualities instead of skillsets, and manages to ding Walmart in the process. 

    By Ryan Golden , Kate Patrick Macri • Aug. 3, 2017
  • Line Friends opens flagship store in Times Square

    The brand’s characters, which hail from a popular Japanese messaging app, demonstrate the rise of digital-first retailers.

    By Aug. 3, 2017
  • Study: 73% of retail execs see bonuses slashed

    As retailers turn to discounting and coupons to drive traffic, their leaders are seeing bonuses and compensation discounted to match the poor earnings.    

    By Aug. 3, 2017
  • Target accelerator grad Branch Messenger raises $6.8M

    Getting early mentoring from Target and Techstars really paid off for work scheduling app creator Branch Messenger.

    By Aug. 3, 2017
  • Costco founder dies at 74

    Jeff Brotman, along with co-founder and former CEO Jim Sinegal, long touted the superior pay, benefits and working conditions that Costco has become known for.

    By Aug. 2, 2017
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    Blue Apron Facebook
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    Blue Apron, Wayfair and Ascena top list of 'hot 100' retailers

    The fast-growing retailers led the pack with differentiated merchandise and compelling shopping experiences, but even they are under severe pressure.

    By Aug. 2, 2017
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    Fotolia
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    Forrester: US retail sales expand to $3.56T

    While e-commerce is rising and topping 10% of all sales, stores remain important. Retailers should stop neglecting them, Forrester researchers say.

    By Aug. 2, 2017
  • West Elm to open new hotel in Portland, Maine

    The furniture retailer's boutique hotels offer customers a unique way to purchase furniture — after actually using it.

    By Aug. 2, 2017
  • Tuft & Needle taps Amazon tech for new Seattle store

    Many online sellers struggle with how much they should let Amazon take control of their sales and inventory, but Tuft & Needle is counting on the e-commerce giant for brick-and-mortar in-store tech and fulfillment.

    By Aug. 1, 2017
  • Headshot of Under Armour Founder Kevin Plank
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    The image by Dcavalli is licensed under CC BY-SA 3.0
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    Under Armour shedding 2% of its workforce

    The sports apparel retailer announced a restructuring plan after a second quarter that saw North American sales stalling and a $12 million net loss. 

    By Aug. 1, 2017
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    Courtesy of Apple Inc.
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    Retail sales per square foot in decline

    E-commerce isn't the only culprit — there are also too many stores. But shuttered storefronts contribute to lagging online sales. 

    By Aug. 1, 2017
  • Shopicks’ mobile shopping platform rebrands as Thinkover

    The move aims to broaden the utility of the company's app across sectors as it aims to be a resource for shoppers mulling product purchases.

    By Aug. 1, 2017
  • Lowe's builds up in-home assistance for DIY contest winners

    The retailer's Upskill Project aims to boost customer confidence about tackling home improvements tasks — and make loyal customers at the same time.

    By Aug. 1, 2017
  • Activist investor urges Dillard's to sell off its real estate

    Snow Park Capital has bought up 2% of the department store retailer's Class A stock and wants the company to cash in on its owned store properties. 

    By Aug. 1, 2017
  • Walmart makes changes to its food leadership team

    The retailer is shuffling employees within the produce, bakery and deli departments to better equip it for growth in the months and years ahead, according to a company memo obtained by Reuters.

    By Jeff Wells • Aug. 1, 2017
  • Belk announces store expansions, remodels

    With news dominated by brick-and-mortar closures, the department store's expansion is a surprising bit of good news. 

    By July 31, 2017
  • Report: Staples may hand over retail operations to Office Depot

    The agreement, which would include the office supplies retailer's 1,500 stores, comes after both companies have struggled to find a new strategy.

    By July 31, 2017