Financial News: Page 272
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Sports Direct completes takeover of Eastern Mountain Sports, Bob's Stores
The U.K. sports retail company will expand product lines available to U.S. stores and websites, including the debut of an extensive portfolio of European brands.
By Daphne Howland • June 16, 2017 -
Amazon to buy Whole Foods in $13.7B deal
The online giant is buying the organic and natural foods pioneer as it faces growing competition from Kroger, Walmart and other retailers.
By Christopher Doering • June 16, 2017 -
Mattel looks to get leaner and nimbler
While not approaching the speed of fast fashion, plans include a supply chain revamp and a focus on its core brands, including American Girl, Barbie and Fisher Price.
By Daphne Howland • June 16, 2017 -
Retrieved from Target on June 16, 2017
Target debuts remodeled stores
The discounter is debuting remodeled stores in Dallas, the first in a $7 billion three-year store overhaul.
By Daphne Howland • June 16, 2017 -
Ascena cuts 200 jobs amid restructuring effort
The move is part of the company's "Change for Growth" initiative, which looks to focus and downsize a company struggling with traffic and sales declines.
By Ben Unglesbee • June 16, 2017 -
Amazon reportedly interested in picking up Slack
Could Amazon acquire red-hot collaboration start-up Slack? Here's why it might actually make sense.
By Dan O'Shea • June 15, 2017 -
Retrieved from Nike on March 09, 2017
Nike to cut 2% of workforce as it reshapes consumer approach
As more big brands go direct to consumer, Nike is reshaping it marketing focus and structure, and cutting about 1,400 jobs in the process.
By Dan O'Shea • June 15, 2017 -
Deep Dive
How Mickey Drexler failed J. Crew — and what James Brett needs to succeed
The era of the Merchant Prince is over, and the incoming CEO is tasked with reinventing the brand and reinvigorating relevancy with shoppers.
By Lara Ewen • June 15, 2017 -
Gymboree said vendor issues hastened financial woes
Starting in January, when Gymboree's CEO departed, vendors began demanding tougher terms, sparking a vicious financial cycle.
By Ben Unglesbee • June 15, 2017 -
Core retail sales flat in May
The monthly snapshot belies relatively healthy consumer confidence, though some retailers benefited more than others.
By Daphne Howland • June 15, 2017 -
Deep Dive
How much will Lidl disrupt the US grocery market?
Thursday’s opening is the first step in an offensive that analysts say will push traditional grocers — perhaps to their breaking point.
By Jeff Wells • June 15, 2017 -
Amazon reportedly eyeing BigBasket buy in India
Amazon may be close to making another big move in India with the purchase of online grocer BigBasket.
By Dan O'Shea • June 14, 2017 -
Toys R Us holiday woes continue into Q1
Weakness in the baby and toys business continues to plague Toys R Us, as competition drives down prices.
By Daphne Howland • June 14, 2017 -
Report: Back-to-school shopping poised to grow 4% this year
E-commerce is grabbing market share from physical stores in all categories thanks to kids’ comfort with online shopping.
By Daphne Howland • June 14, 2017 -
Deep Dive
Is Walmart's new last-mile delivery program brilliant — or a disaster in the making?
The Uber-like program will have store associates delivering packages on their way home from work. Will it work for Walmart?
By Laura Heller • June 14, 2017 -
Walmart maintains top Fortune 500 spot for 5th straight year
Walmart maintains its top spot with Amazon rising fast, from No. 8 to No. 12 in a single year.
By Daphne Howland • June 14, 2017 -
J.C. Penney adds Libby Edelman to the apparel roster
Women’s apparel is critical for Penney, which hopes the footwear designer can kick-start sales.
By Daphne Howland • June 14, 2017 -
Three executives leave Sears amid corporate layoffs
More executive departures at Sears spell, for many, the steady collapse of a one-time giant of American commerce.
By Daphne Howland • June 14, 2017 -
Supervalu embraces IT transformation, migrates workloads to the cloud
Massive IT transformation is afoot at Supervalu, as the company ditches legacy infrastructure.
By Dan O'Shea • June 13, 2017 -
Retrieved from Amazon on March 28, 2017
New job post signals Amazon Go is a go
Amazon is on the hunt to hire a top-level real estate manager for Amazon Go, a sign that a broader launch could be near.
By Dan O'Shea • June 13, 2017 -
Neiman Marcus sales drop 5% as talks with Saks parent stall
The luxury retailer logged a $100 million-plus loss in the third quarter on top of sales declines for every quarter of this fiscal year.
By Ben Unglesbee • June 13, 2017 -
Report: FTC staff to recommend against Walgreens-Rite Aid merger
The merger could be sunk because a deal with regional drugstore company Fred's reportedly isn't passing muster with FTC competition enforcers.
By Daphne Howland • June 13, 2017 -
Sears slashes 400 more corporate jobs
The move follows the elimination of 130 positions earlier this year and nearly 250 planned store closures for 2017.
By Ben Unglesbee • June 13, 2017 -
Hudson's Bay-Neiman Marcus merger talks reportedly break down
The takeover may not have made much sense, considering the customer overlap, but Neiman Marcus is now left with fewer options in the face of mounting debt.
By Daphne Howland • June 13, 2017 -
Deep Dive
Why Macy's couldn't sell its stores fast enough for Starboard
The hedge fund pressured the retailer to divest its real estate en masse. But while Macy's kept control of its destiny, the opportunity to extract the most value may have been missed.
By Ben Unglesbee • June 13, 2017
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