Financial News: Page 270
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Report: Walmart developing facial-recognition tech
The retailer is looking to the technology to monitor shopper dissatisfaction and improve the store experience.
By Dan O'Shea • July 19, 2017 -
Sears sued for holding its stock in retirement plan
A class action suit argues that the ailing retailer's stock has performed so poorly that no prudent or reasonable 401(k) manager would invest in it.
By Ben Unglesbee • July 19, 2017 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M ditches monthly sales reports, promises more transparency
The Swedish fast-fashion retailer will stick to quarterly and year-end reports and hold “Capital Markets Days” to provide more in-depth information.
By Daphne Howland • July 19, 2017 -
Walmart opens massive e-commerce fulfillment center
The new center is part of the retailer's broader effort to ramp up digital operations and challenge Amazon.
By Dan O'Shea • July 18, 2017 -
Target +Techstars welcomes second wave of startups
Startups ranging from a meal delivery kit company to an online tailor service head to Minneapolis for a three-month program.
By Corinne Ruff • July 18, 2017 -
Michael Kors reportedly readying Jimmy Choo bid
Private equity firms might also be suitors for the upscale footwear and accessories brand.
By Daphne Howland • July 18, 2017 -
Ross opens 28 new stores amid expansion
The first quarter brought a slowdown in sales growth for the off-price retailer, and opening more stores is the antidote, analysts say.
By Daphne Howland • July 18, 2017 -
Signet Jewelers taps board member as CEO
Virginia Drosos will take over for Mark Light, who is retiring due to health reasons.
By Daphne Howland • July 18, 2017 -
Amazon picks nine startups for first Alexa Accelerator session
Nine startups are in line to get a six-figure check as well as development and management help in pursuing conversational commerce efforts.
By Dan O'Shea • July 17, 2017 -
Virtual fitting room startup Metail raises $12.9M
The concept of a virtual fitting room is not new, but Metail just raised close to $12.9 million in funding for its ability to personalize the concept for each customer trying on clothes.
By Dan O'Shea • July 17, 2017 -
True Value reportedly for sale
The hardware retail co-op is working with an investment banker to search out potential buyers, and rival Ace might be interested.
By Ben Unglesbee • July 17, 2017 -
Bridal retailer Alfred Angelo files Chapter 7, abruptly shutters
The bridal category, like so many apparel segments, has been disrupted by new players offering lower prices and unique designs.
By Daphne Howland • July 17, 2017 -
Amazon Echo/Alexa chief departs after nearly 2 decades at the company
Mike George, who has been with the company since 1998, is stepping down just as the smart assistant and its devices begin to see explosive growth.
By Dan O'Shea • July 16, 2017 -
Suitors line up for Sears Canada
More than 20 parties have signed nondisclosure agreements as the company shops itself and its assets in the Canadian equivalent of Chapter 11.
By Ben Unglesbee • July 14, 2017 -
Retail sales see second straight monthly slide
Department stores continue to falter, but e-commerce sales rose in June, according to the U.S. Department of Commerce.
By Daphne Howland • July 14, 2017 -
First-ever Neiman Marcus CISO departs
In 2014, the company became one of the first retailers to hire a chief information security officer, just months after a high-profile data breach.
By Dan O'Shea • July 13, 2017 -
Guitar Center reportedly looking for a power chord on debt
The world's largest guitar retailer is looking for help restructuring $1.3 billion in debt as guitar sales decline and online competitors join the jam session.
By Ben Unglesbee • July 13, 2017 -
Walmart showcases $20B women's empowerment program
The retailer has sourced more than $20 billion from women-owned businesses worldwide for products and services in the U.S., and after a years-long, relatively quiet effort, wants to share results.
By Daphne Howland • July 13, 2017 -
Target boosts Q2 guidance as traffic, sales improve
The company is gleaning positive results from new merchandising, brick-and-mortar and e-commerce efforts.
By Daphne Howland • July 13, 2017 -
Tiffany taps veteran luxury exec as new CEO
Alessandro Bogliolo replaces Frederic Cumenal, who stepped down in February amid declining sales at the luxury jeweler.
By Ben Unglesbee • July 13, 2017 -
Deep Dive
Can Backstage attract shoppers to Macy's mall stores?
As the department store pushes ahead on off-price concepts, experts say there's a fine line between attracting new shoppers and heading too down market.
By Laura Heller • July 12, 2017 -
Target rethinks curbside pickup, launches new test
The big-box retailer is testing a new pickup service at three Minneapolis-area stores just a year after pulling the plug on a previous attempt.
By Corinne Ruff • July 12, 2017 -
Walmart will fine suppliers for late, early deliveries in push for inventory control
The new rule may have unintended consequences at Walmart's loading docks, however, as carriers will lose a time-based risk buffer to account for traffic, weather and hours-of-service delays.
By Jennifer McKevitt • July 12, 2017 -
Deep Dive
5 takeaways from Amazon Prime Day 2017
Amazon once again had its biggest sales day in history, crushing the competition on both assortment and price. Here's what you need to know about Prime Day 2017.
By Laura Heller • July 12, 2017 -
Report: Hudson's Bay faces more calls to sell off property
Shareholders representing more than 7% ownership in the Canadian department store retailer support an activist investor's plan to sell off treasured real estate.
By Ben Unglesbee • July 12, 2017
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