Financial News: Page


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    "Etsy Wall" by Charles & Hudson is licensed under CC BY-SA 2.0
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    Etsy roars back as revenue soars 21.5%

    On the heels of new feature and tools releases, the e-retailer handily beat revenue and earnings expectations.

    By • Nov. 7, 2017
  • REI hires retail veteran CIO

    Christine Putur, the second CIO in the company's history, is also the second woman to hold that position at the retailer.

    By • Nov. 7, 2017
  • Target unveils big discounts ahead of Thanksgiving, Black Friday

    The mass merchant plans to open on Thanksgiving for the fourth year in a row, but is scaling back hours and paying employees a premium.

    By • Nov. 7, 2017
  • CVS announces next-day and same-day delivery

    The drugstore chain saw retail sales decline in the third quarter as it continues to emphasize health care operations.

    By • Nov. 7, 2017
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    Borden Binns
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    Opinion

    4 startups that go head to head with Amazon and Whole Foods

    Despite the convenience, millennials really don't want to buy everything on Amazon, writes Alexa Binns of Borden Binns.

    By Alexa Binns • Nov. 6, 2017
  • Home Depot tops major retailers in mobile web usability

    Costco, on the other hand, has more work to do to improve the functionality, checkout, payment capability and content of its mobile website, according to a new report from Forrester.

    By Robert Williams • Nov. 6, 2017
  • October retail employment clouded by hurricanes

    The 18,000 job decline last month may also be explained by the shift to e-commerce, according to outplacement consultancy Challenger, Gray & Christmas.

    By • Nov. 6, 2017
  • J.C. Penney cuts chief merchant position

    An executive shakeup comes just weeks after the department store retailer lowered its outlook for the third quarter.

    By • Nov. 6, 2017
  • Sears to close another 63 stores

    The struggling retailer's store closures for the year nears 400 as the company does everything it can to bring costs in line with falling sales. 

    By • Nov. 3, 2017
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    Getty Images
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    Retail trade groups cheer Trump's Christmas tax reform deadline

    NRF president and CEO Matthew Shay said passing tax reform by Christmas would be "the perfect present for the American people and the U.S. economy."

    By • Nov. 3, 2017
  • Untuckit to open 100 brick-and-mortar stores by 2022

    The online retailer plans to open 50 of those stores by the end of 2018 even as it expands its assortment to include children's apparel, according to CNBC.

    By • Nov. 3, 2017
  • Under Armour CMO out after just 15 months

    Andrew Donkin joined the athletic apparel brand from Amazon, but is leaving following rough third-quarter earnings reported earlier this week.

    By David Kirkpatrick , Peter Adams • Nov. 3, 2017
  • For Ralph Lauren, a 'faint light' at the end of the tunnel

    The company's sales declines were mostly from its planned retreat from department stores and slowed discounts, but it still has work to do when it comes to product strategy.

    By • Nov. 3, 2017
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    Amazon takes a step toward cryptocurrency

    The retailer has registered several relevant domains. Is the move speculative, defensive or does Amazon have plans to accept new forms of payment?

    By • Nov. 2, 2017
  • Costco shrugs off Amazon

    While some analysts worry about the warehouse retailer's brick-and-mortar focus, the company continues to boast impressive earnings.

    By • Nov. 2, 2017
  • Hudson's Bay gets $3.5B offer for German unit

    There's an offer from a rival on the table and an activist fund crying foul over a recent investment as boardroom antics heat up.

    By • Nov. 2, 2017
  • Alibaba kicks off Singles Day on the heels of stellar Q2 growth

    In the same week that Amazon launched Black Friday sales 50 days early, the Chinese e-commerce giant launched interactive games and a "see now, buy now" fashion show to entice shoppers during its Singles Day event.

    By • Nov. 2, 2017
  • Wayfair sales soar as furniture shoppers increasingly go online

    On a call with analysts Thursday, executives emphasized a focus on repeat customer orders and rising per-customer spend.

    By • Nov. 2, 2017
  • Moody's: 'Life could get a lot tougher, a lot quicker' for retailers

    The Toys R Us bankruptcy has investors spooked, and analysts with the ratings agency believe it could have a "ripple" affect throughout the industry. 

    By • Nov. 2, 2017
  • Walmart dumps Danskin

    The retail giant may be hoping to replace the iconic brand with one of its own making in the popular and very competitive athleisure market. 

    By • Nov. 1, 2017
  • Rent-A-Center exploring a sale amid activist pressure

    After reportedly spurning private equity offers this year, the rent-to-own retailer is again looking at a possible sale of the company.

    By • Nov. 1, 2017
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    Sears issues searing response to WSJ story

    The retailer described the article about its financial troubles as "yet another rehash of inaccurate assertions and negative speculation about Sears Holdings and its future."

    By • Nov. 1, 2017
  • Only 58% of retailers invest in tech to handle holiday sales spikes

    Seasonal hiring and additional inventory may no longer be the best way to handle holiday shopping spikes, a new survey found.

    By • Nov. 1, 2017
  • Pirch shutters all non-California stores

    The experiential upstart appliance retailer is a poster child for today’s brick-and-mortar ideals, and, despite its failed expansion, the company is hardly giving up.

    By • Nov. 1, 2017
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    Corinne Ruff
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    Deep Dive

    A peek inside Nordstrom's merchandise-free 'Local' shop

    The store borrows from the showroom concept and is all about experience, as Nordstrom embraces the spirit of innovation to attract new demographics and better compete. 

    By • Nov. 1, 2017