Financial News: Page 266
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Dick's Sporting Goods taps CMO amid leadership shakeup
A Dunkin' Brands exec will join the company just two months after it announced the departure of its chief operating officer and the appointment of a new president.
By Daphne Howland • July 12, 2017 -
New tools from Salesforce to help retailers manage their field forces
As retailers increasingly put their own employees in the field to provide on-site support services for customers, Salesforce has come up with tools to help them.
By Dan O'Shea • July 12, 2017 -
Eddie Lampert, investors mull Sears Canada deal
ESL Partners and another investment fund "may engage” in discussions of a transaction that involves the Canadian retailer, but the announcement offered few details on what a deal may look like.
By Ben Unglesbee • July 11, 2017 -
Retrieved from Amazon on July 11, 2017
UPDATE: Prime Day could fetch Amazon $2B in sales
The e-commerce giant's holiday in July is expected to set new records as rival retailers take the day to promote their own deals.
By Ben Unglesbee • July 11, 2017 -
J.C. Penney revamps loyalty as CFO departs
The discount department store continues to struggle as it works to right-size its store base and boost apparel sales, something a new loyalty program may help to address.
By Daphne Howland • July 11, 2017 -
Target takes Toca Boca from app to exclusive kid's line
The licensing deal expands a move to "reimagine" the big-box retailer's stable of brands.
By Corinne Ruff • July 11, 2017 -
Barnes & Noble taps retail vet as new stores chief
Carl Hauch began his career at Starbucks and will now lead the bookseller's store efforts as it looks for new traffic-drivers.
By Daphne Howland • July 11, 2017 -
Report: Amazon set to wage war on Best Buy's Geek Squad
The e-commerce giant appears to be getting into the business of helping households plan and install tech products.
By Dan O'Shea • July 10, 2017 -
Courtesy of Apple Inc.
Apple retail strategy rolls on with US remodels, India plans
Plans for two giant stores in India, and re-openings of remodeled, expanded stores prove that Apple's retail rethink is strong .
By Dan O'Shea • July 10, 2017 -
Deep Dive
9 reasons why Prime Day matters — to Amazon and the rest of retail
The event is more than just a big sale — it’s a massively ambitious bid to deepen Amazon’s reach with U.S. shoppers.
By Laura Heller • July 10, 2017 -
Abercrombie & Fitch halts talks with suitors
American Eagle Outfitters and Express expressed interested in the teen apparel retailer, but it has decided to go it alone in its turnaround.
By Daphne Howland • July 10, 2017 -
Amazon played hardball with Whole Foods in merger deal
The e-commerce giant raised its initial bid somewhat, but refused Whole Foods' request for $45 per share and asked the organic grocer to refrain from talking to other suitors.
By Daphne Howland • July 10, 2017 -
Muji to open second hotel
The minimalist retailer, like West Elm, is turning to the hospitality business to expand its horizons and showcase its goods.
By Daphne Howland • July 10, 2017 -
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
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