Financial News: Page
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Report: Amazon invests in Indian brick-and-mortar retailer
Regulations in the country favor homegrown and physical retailers; Amazon’s stake allows it to take advantage of both those protections.
By Daphne Howland • Sept. 26, 2017 -
JPMorgan: Off-price poised for nearly $20B growth
Strong foot traffic, low prices and plenty of room for brick-and-mortar growth could give TJX and Ross a boost — likely at the expense of department stores.
By Daphne Howland • Sept. 26, 2017 -
UPDATE: Bankrupt Toys R Us secures financing, begins holiday hiring
The timing of the company's recent Chapter 11 filing is the worst possible scenario for any retailer, much less one so dependent on holiday sales.
By Daphne Howland, Ben Unglesbee • Sept. 26, 2017 -
Rue21 emerges from bankruptcy with 420 fewer stores
The teen apparel retailer emerged last week from a well-planned, relatively orderly Chapter 11 process as a smaller and less-indebted retailer.
By Ben Unglesbee • Sept. 25, 2017 -
Bed, Bath & Beyond invests 40% of capex in digital efforts
The home goods retailer has seen digital sales growth and continues to invest on that front, despite overall struggles.
By Dan O'Shea • Sept. 25, 2017 -
Target sets $11 wages, aims for $15 minimum by 2020
The move may reflect an acknowledgement by the mass merchant that consumers frequent businesses that reflect their values.
By Daphne Howland • Sept. 25, 2017 -
Deep Dive
Did Kohl's make a deal with the devil?
The retailer is carving out space in stores and taking returns for Amazon, a case of holding your enemies close — but what does it mean for each of them?
By Daphne Howland • Sept. 25, 2017 -
Walmart taps Aerosoles exec to lead online fashion
As SVP of fashion in the U.S. e-commerce division, Denise Incandela will lead the department for Walmart.com, Jet.com and Shoes.com.
By Daphne Howland • Sept. 25, 2017 -
Whole Foods to further centralize buying operations and bar brand reps from store
The Amazon-backed grocer aims to increase efficiency, but critics say these moves will shrink the marketing and availability of popular niche brands.
By Jeff Wells • Sept. 22, 2017 -
Retail leaders place high on Fortune's 'Most Powerful Women'
Women make up by far the majority of both the retail workforce and its customer base, but there’s a dearth of female leadership in the industry.
By Daphne Howland • Sept. 22, 2017 -
Target adds Restock to 8 more cities
The move expands next-day delivery from the mass merchant to about one-fifth of the U.S. population.
By Daphne Howland • Sept. 22, 2017 -
Amazon expands NYC-based operations
Hundreds of full-time jobs will be created as the online giant moves into a Hudson Yards location, but it's still looking for a second HQ.
By Daphne Howland • Sept. 22, 2017 -
American Eagle plans stores in India
The teen apparel brand is the latest to see opportunity in India's burgeoning retail market.
By Daphne Howland • Sept. 21, 2017 -
The Body Shop uses mobile wallets to power brand campaign
The beauty retailer is trusting mobile wallet passes to grow its petition against animal testing — and give its brand image a boost in the process.
By Dan O'Shea • Sept. 21, 2017 -
Deep Dive
Is Bodega the next retail disruptor?
The startup was roasted on social media for cultural insensitivity after announcing plans to obliterate bodegas and mom-and-pop shops. But can the concept survive?
By Corinne Ruff • Sept. 21, 2017 -
Walmart isn't hiring holiday help
In stark contrast to other retailers, Walmart is opting to stick with its holiday strategy from last year, which gives existing workers opportunities for more hours.
By Daphne Howland • Sept. 21, 2017 -
Bed Bath & Beyond blames Harvey for bad Q2
The furniture and home goods retailer is in the midst of improving its supply chain and merchandise, but analysts aren't convinced by its natural disaster claims.
By Daphne Howland • Sept. 21, 2017 -
Albertsons buys meal kit company Plated
The deal gives the grocer recognition and expertise in the fast-growing category.
By Jeff Wells • Sept. 21, 2017 -
Deep Dive
Could this be the last generation of Toys R Us kids?
The toy retailer's huge debt load finally caught up with it as the retail world rapidly changed. Now, in and beyond bankruptcy, the company must chart a way forward.
By Ben Unglesbee • Sept. 20, 2017 -
Courtesy of Macy's
Macy's hiring fewer holiday workers this year
The ongoing correction to the department store's massive store footprint is hitting hiring plans, the same way it's hit sales.
By Daphne Howland • Sept. 20, 2017 -
Best Buy goes on the offensive with new growth strategy
This week, the electronics retailer outlined a series of moves designed to take advantage of what executives call an "opportunity-rich environment."
By Daphne Howland • Sept. 20, 2017 -
Walmart ends overnight shifts at 430 Neighborhood Markets
It's a move aimed to boost customer service, according to the retailer, but workers are complaining that stocking and cleaning is difficult when stores are busy.
By Daphne Howland • Sept. 20, 2017 -
Report: Heidi Klum collection gives Lidl a boost
The line poses a challenge to fast-fashion retailers in the U.K., but in the U.S., the discovery of Lidl could threaten even Walmart.
By Daphne Howland • Sept. 19, 2017 -
Kohl's to accept free Amazon returns
It's a daring move that may signal a new partnership ethos among e-commerce and legacy retailers.
By Daphne Howland • Sept. 19, 2017 -
Toys R Us files for Chapter 11 bankruptcy
After news broke that a bankruptcy filing was possible, many of the toy retailer's suppliers demanded cash on delivery — precipitating a financial crisis that quickly drove it to court as the holidays ramp up.
By Ben Unglesbee • Sept. 19, 2017
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