Financial News: Page 267


  • 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 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 July 5, 2017
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    Retrieved from Walmart on July 05, 2017
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    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 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 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 June 30, 2017
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    Retrieved from Nike on March 09, 2017
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    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 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 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 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 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 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 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 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 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 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 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 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 June 28, 2017
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    Retrieved from Nike on September 22, 2016
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    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 June 27, 2017
  • Deep Dive

    More layoffs. More store closures. What's the endgame for Sears?

    The once-dominant retailer is set to close around 270 stores and lay off more than 500 corporate staff this year — cuts that help the bottom line but don't convince analysts that Sears has a bright — or any — future.

    By June 27, 2017
  • Kohl's taps Supervalu exec as CFO

    Bruce Besanko will join the department store retailer as it buys much-needed time to address its weaknesses.

    By June 27, 2017
  • Cultures clash in the aftermath of Walmart's e-commerce acquisitions

    Jet employees are grappling with culture changes that include prohibitions on drinking and even cursing.

    By June 27, 2017
  • Report: Alibaba may buy or invest in Yoox Net-a-Porter

    Shares in the Italian online fashion retailer soared Monday as rumors swirled that the Chinese e-commerce giant is interested in a takeover.

    By June 27, 2017
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    E-commerce startup ThredUP launches 'smart' brick-and-mortar store

    The secondhand seller is using consumer data to personalize the shopping experience at its first store.

    By Corinne Ruff, Dan O'Shea • June 26, 2017
  • Dollar General taps new chief merchandising officer

    Jason Reiser, most recently of Vitamin Shoppe and a former executive at Family Dollar, has more than 30 years of experience in retail management.

    By June 26, 2017