Financial News: Page 266
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Walmart reportedly not interested in buying Whole Foods
J.P. Morgan analysts said Walmart is more likely than Korger, Costco or Target to challenge to Amazon's Whole Foods bid, but apparently the retail giant doesn't want the high-end grocer.
By Daphne Howland • June 26, 2017 -
Bed Bath & Beyond mulls store closures
Some 80 to 100 stores could close in coming years as leases open up, but the home goods retailer is hesitant to act based on the profitability of its stores.
By Daphne Howland • June 26, 2017 -
Report: Eddie Bauer looking for a buyer
The outdoor gear retailer has spent most of the 21st century burdened with debt, surviving two trips to bankruptcy court, and is now searching for a suitor.
By Daphne Howland • June 26, 2017 -
Walmart shuts down price-matching in Minnesota stores
The brick-and-mortar giant has shifted to emphasize “always low prices” and incentives for online shoppers to pick up in stores.
By Daphne Howland • June 23, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples reportedly close to takeover by Sycamore
The office supplies retailer has reportedly been in talks with private equity firms for months, in hopes of forging a turnaround as a private company after its failed merger with Office Depot.
By Daphne Howland • June 23, 2017 -
J.P. Morgan: Walmart could challenge Amazon in Whole Foods play
Analysts say the big-box retailer has the means and the motive and is more likely than Kroger, Costco or Target to get into a bidding war with Amazon.
By Daphne Howland • June 23, 2017 -
Lawsuit stymies J. Crew debt restructuring plan
Two lenders have taken issue with a plan to delay maturity of some of the apparel retailer's massive debt, in a lawsuit J. Crew called "wholly without merit."
By Daphne Howland • June 23, 2017 -
Bankrupt Sears Canada to close 60 stores, slash nearly 3K jobs
The retailer won court approval for a restructuring plan that would bring an infusion of cash to a company looking for a way forward.
By Ben Unglesbee • June 23, 2017 -
Sears Holdings to shutter another 20 stores
The closure of 18 underperforming Sears and two Kmart stores nationwide could signify a boon to rivals Kohl's and J.C. Penney in those areas.
By Daphne Howland • June 23, 2017 -
China’s JD.com invests $397M in Farfetch
The U.K. luxury marketplace just got a big boost in China and across Asia.
By Dan O'Shea • June 22, 2017 -
Barnes & Noble beats expectations, falls short on e-commerce efforts
The bookseller's total sales fell by 6.5% over the year, indicating that cost reductions may not be enough to stage a comeback.
By Cara Salpini • June 22, 2017 -
Deep Dive
Dov Charney's American Dream: The rise, fall and comeback of an apparel empire
In the months after American Apparel was sold out of bankruptcy and its stores were shuttered worldwide, Charney spoke at length with Retail Dive about his complicated history, the road ahead — and everything in between.
By Jordan Branch • June 22, 2017 -
Dollar General taps former Subway exec as new CIO
Carman Wenkoff, who has extensive IT leadership experience, replaces retiring CIO Ryan Boone.
By Daphne Howland • June 22, 2017 -
J. Crew buys time to deal with debt
A majority of lenders have agreed to push off maturity of some of the struggling apparel retailer's massive $2 billion debt.
By Daphne Howland • June 22, 2017 -
Deep Dive
6 ways the Amazon-Whole Foods deal could impact the grocery industry
Analysts say retailers can expect more pricing pressure, consolidation and higher consumer expectations for online shopping and delivery.
By Jeff Wells • June 22, 2017 -
Report: Walmart asking suppliers to quit Amazon cloud
The brick-and-mortar giant is flexing its muscles, asking tech suppliers to stop using Amazon cloud services, which is a massive source of profitability.
By Ben Unglesbee • June 21, 2017 -
Sears Canada reportedly bound for liquidation
The retailer, which technically split from Sears Holdings in 2014, is expected to file for creditor protection and will be sold off in pieces, anonymous sources told Bloomberg.
By Ben Unglesbee • June 21, 2017 -
Macy's continues Backstage push into full-line stores
Meanwhile, stock purchases from CEO Jeff Gannette and director William Lenehan signal confidence in the struggling department store’s turnaround.
By Daphne Howland • June 21, 2017 -
Amazon Go exec departs for real estate startup amid tech hiccups
Bali Raghavan was the director of the tech beset by complications that have hampered its opening to the public.
By Daphne Howland • June 21, 2017 -
Amazon Prime Wardrobe taps into Stitch Fix's box success
In its latest foray into fashion, Amazon lets Prime shoppers try before they buy.
By Corinne Ruff • June 21, 2017 -
Target messes with Texas in $220M remodel project
The 28-store overhaul is important as Target strengthens its position in key categories and tries to get grocery right.
By Daphne Howland • June 21, 2017 -
Deep Dive
Is Amazon the cure for Whole Foods' woes?
The natural and organic retailer could benefit from the online giant's technology and ability to lower prices, but it could struggle to survive a culture clash.
By Jeff Wells • June 20, 2017 -
Walmart's professional development goes virtual reality
The big-box retailer will roll out its VR training program to 140,000 associates as a new cost-effective, easily managed training option for workers.
By Tess Taylor • June 20, 2017 -
Whole Foods CEO suggests grocer could spin off new brand under Amazon
The organic grocer's chief said post-acquisition it could spin off a new brand that "wouldn't be our standards" — but, presumably, would be more in line with Amazon's business model.
By Ben Unglesbee • June 20, 2017 -
Activist fund wants Hudson's Bay to sell properties, go private
Land & Buildings, an activist hedge fund focused on real estate, suggested Hudson's Bay could sell and vacate its iconic Fifth Avenue store.
By Ben Unglesbee • June 20, 2017
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