Financial News: Page 274


  • Forever 21 to roll out Riley Rose beauty shops in 'top tier' GGP malls

    The experiential stores, aimed at millennials, are part of the shopping center developer’s diversification strategy, which could also include restructuring and even a sale.

    By May 19, 2017
  • J.C. Penney expands B2B operations with hotel sales

    The retailer, which noticed hotel managers were volume-ordering bedding, window treatments and bath supplies, is pushing further into the space.

    By May 19, 2017
  • Old Navy Q1 sales stabilize struggling Gap

    The company is still a player in the apparel game, but it’s relying heavily on star player Old Navy, which boosted its same-store sales by 8% in the quarter.

    By May 19, 2017
  • Ross growth cools amid off-price slowdown

    The off-price retailer, like rival TJX, is reporting a lackluster performance uncharacteristic of the sector. More stores, of all things, may be the answer.

    By May 19, 2017
  • Under Armour's MLB diamond debut tees up early

    Baseball Commissioner Rob Manfred announced that the branded player uniforms will launch in 2019, starting the 10-year partnership a year earlier than planned.

    By May 18, 2017
  • Ascena tanks as executives warn of more traffic declines

    Shares plunged 30% after the specialty apparel company projected same-store sales could drop 8% in the third quarter and 7% for the year.

    By May 18, 2017
  • Alibaba revenue rises, but investments in growth take toll

    Sales continue to soar — and a shift toward an increasingly consumption-based economy in China provides long-term opportunities for the company, executives said.

    By May 18, 2017
  • Despite sales drop, L Brands raises outlook and beats expectations

    While the fashion retail conglomerate suffered declines in comparable sales and profits, the increased guidance suggests the company may be in a position to bounce back from recent struggles.

    By May 18, 2017
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    Wal-Mart
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    Wal-Mart's e-commerce play brings big payoff in Q1

    The retail behemoth's acquisition of Jet last year and of smaller players since then was evident in the retail giant's first quarter results, with e-commerce sales growing by more than 60%.

    By May 18, 2017
  • Lululemon snaps up REI's Averill to fill CTO spot

    The move comes not long after the company said Miguel Almeida, who was hired less than two years ago to overhaul digital e-commerce operations, was stepping down.

    By May 18, 2017
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    Lidl
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    Deep Dive

    Opening soon: Inside Lidl's blueprint to invade the US grocery market

    At an event in New York Tuesday night, the much-hyped German retailer offered a taste of its low priced, quality goods — and previewed its strategy to stand out in the U.S.

    By Megan Poinski • May 17, 2017
  • Urban Outfitters plots 4-point pivot to curtail sales tumble

    With apparel sales under pressure, the company will focus on its best-performing segments and its e-commerce, international and wholesale channels.

    By May 17, 2017
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    Ralph Lauren Corp
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    Ralph Lauren names new CEO to replace Stefan Larsson

    Patrice Louvet, who most recently served as Procter & Gamble's head of Global Beauty, joins Ralph Lauren as it closes stores, cuts costs and tries to reinvigorate sales.  

    By May 17, 2017
  • Target handily beats Q1 estimates as new strategy gains traction

    But there’s much more to do, so real performance advances will take time, analysts say.

    By May 17, 2017
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    Retrieved from Walmart on May 17, 2017
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    Wal-Mart experiments with tech-enhanced 'Next-Gen' stores

    Supercenters in Texas and Florida feature revamped layouts and technology such as “Scan and Go” checkout and interactive screens that provide an “endless aisle."

    By May 17, 2017
  • Etsy faces more pressure as new investors buy in

    The moves come two weeks after Josh Silverman took the CEO spot and hedge fund Black-and-White Capital, which owns 2% of Etsy’s shares, released letters highlighting critical issues.

    By May 17, 2017
  • UPDATE: Dick's Sporting Goods whiffs on expectations, cuts 160 jobs

    CEO Ed Stack said the layoffs are part of the company’s broader cost-cutting plans that include slowing its store development program.

    By May 16, 2017
  • Staples rises on steady Q1 sales amid strategy pivot

    Staples CEO Shira Goodman said that 2017 is “off to a good start," as the retailer makes good on its promise to shutter 70 stores and pivot its marketing toward its business customers.

    By May 16, 2017
  • TJX slides on rare sales miss

    The off-price company failed to continue its pattern of robust results in the first quarter, but it's still likely to shine brighter than ailing department store retailers.

    By May 16, 2017
  • Home Depot shines amid gloomy earnings from other retailers

    After a dismal string of retailer earnings reports, Home Depot "has firmly put pay to the idea that the consumer economy is running out of steam," according to GlobalData Retail. 

    By May 16, 2017
  • Retail execs to meet with Treasury chief on border adjustment tax

    Uncertainty about the fate of the tax proposal, a Republican Congressional priority, remains high.

    By May 16, 2017
  • Teen apparel retailer Rue21 files for Chapter 11 bankruptcy

    The struggling teen apparel retailer last month began shuttering some 400 U.S. stores, about a third of its fleet, and now it plans to reduce its debt and restructure to stay alive.

    By May 16, 2017
  • Sears CEO slams Craftsman vendor for attempt to break its contract

    "We will not simply roll over and be taken advantage of," Eddie Lampert said of toolmaker One World in a company blog post defending the retailer's record of paying its bills.

    By May 16, 2017
  • Opinion

    In a new era of retail, shuttering all stores isn't the answer

    As retailers face a self-reckoning amid a challenging environment, the key is to find a state of equilibrium between the old and the new, writes Bart Mroz founder and CEO of SUMO Heavy.  

    By Bart Mroz • May 15, 2017
  • Nordstrom teams with Gwyneth Paltrow's goop brand for in-store pop-ups

    The pop-in is part of a larger effort by Nordstrom to drive traffic to its flagship stores with trendy, conceptual fare. 

    By May 15, 2017