Financial News: Page 268
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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 Daphne Howland • 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 Dan O'Shea • Aug. 1, 2017 -
The image by Dcavalli is licensed under CC BY-SA 3.0
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 Ben Unglesbee • Aug. 1, 2017 -
Courtesy of Apple Inc.
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 Daphne Howland • 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 Dan O'Shea • 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 Dan O'Shea • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • July 31, 2017 -
Limited Too to launch back-to-school pop-up
The tween brand is taking to the streets, literally, to boost sales for the season.
By Cara Salpini • July 31, 2017 -
Deep Dive
Private equity and retail — a match made for striking
Time after time, private equity firms swoop in to rescue faltering retailers. But are they doing more harm than good?
By Daphne Howland • July 31, 2017 -
Walmart slashes 'a few dozen' corporate jobs
Meanwhile, after announcing a push to boost U.S.-based manufacturing, the company has also opened its online marketplace to overseas sellers for the first time.
By Daphne Howland • July 31, 2017 -
Mall owners take a pay cut amid brick-and-mortar struggles
Simon Property Group, GGP and Macerich executives are reducing compensation as retail properties empty out — a correction to the over-built retail environment.
By Daphne Howland • July 31, 2017 -
Etsy taps new CTO amid turnaround
Mike Fisher's appointment comes as the artisanal marketplace makes job cuts and searches for a path forward.
By Daphne Howland • July 31, 2017 -
Best Buy cutting 400 remote Geek Squad jobs
Affected employees will be offered other jobs with similar pay and responsibilities.
By Daphne Howland • July 31, 2017 -
Retrieved from Amazon on November 04, 2016
Amazon's mid-year job fair sets the stage for hiring spree
Bolstered by new fulfillment centers and with the offer of employee benefits, the e-commerce giant again sets a benchmark for growth.
By Jennifer McKevitt • July 31, 2017 -
Aerosoles reportedly seeking a sale
The company has been trying to find a sweet spot between its reputation for comfort and its appeal as a retailer of affordable footwear for older women.
By Daphne Howland • July 31, 2017 -
Report: Amazon acquires GameSparks for $10M
The deal to snap up the provider of cloud-based gaming developing tools is only the e-commerce giant's latest acquisition in recent months.
By Dan O'Shea • July 30, 2017 -
Amazon is rolling out secure delivery hubs for multi-dwelling buildings
Looking to lock up ownership of the last few inches of delivery's last mile, Amazon is offering to install secure, coded delivery lockers in apartment and condo buildings.
By Dan O'Shea • July 30, 2017 -
Report: Nordstrom negotiating with PE firms to go private
Nordstrom family members are exploring sweetheart deals with potential partners that could help fund a buyout.
By Ben Unglesbee • July 28, 2017 -
GNC sales dip but turnaround progress is steady
Despite lackluster sales numbers, GNC says recent changes — including selling products on Amazon — are paying off.
By Daphne Howland • July 28, 2017 -
Topshop's Arcadia Group to launch Outfit Kids
Children's apparel is a tricky slice of the struggling category but the launch follows extensive research.
By Daphne Howland • July 27, 2017 -
Camping World acquires online sports site The House
Camping World continues to expand its horizons, moving into new areas both geographically and in its merchandise offerings.
By Daphne Howland • July 27, 2017 -
Walmart outlines policies to 'renew' US manufacturing
The big-box retailer's VP of U.S. manufacturing met with public and private sector leaders Wednesday to lay out the 10-point plan meant to create 1.5 million American jobs.
By Corinne Ruff • July 27, 2017
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