Financial News: Page 277


  • Consortium reportedly preparing 'stalking horse' bid for BCBG Max Azria

    The group, led by licensing company Marquee Brands, could salvage as many as 20 stores, according to a report from Business of Fashion.

    By June 5, 2017
  • Meijer thinks small with a new urban concept store

    The Bridge Street Market will focus on fresh food and bring a unique small concept by Meijer to downtown Grand Rapids. 

    By Jeff Wells • June 5, 2017
  • Billabong taps longtime Nordstrom exec as CFO

    Jim Howell, Nordstrom's former EVP of finance, will join the surf brand during a period of restructuring.

    By June 5, 2017
  • Meijer's charitable outreach goes digital with new campaign

    The Midwestern retailer identified sponsored products in its Produce For Kids initiative through its online shopping and digital coupon platforms.

    By Keith Loria • June 5, 2017
  • Walmart CEO: 'We will compete with technology, but win with people'

    At the retailer's annual shareholder meeting, Doug McMillon described a vision for the retail giant that departs from its brick-and-mortar, always-low-prices mainstay.

    By June 5, 2017
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    Retrieved from Walmart on June 06, 2017
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    Walmart testing 24-hour automated pickup kiosk for groceries

    Located adjacent to a store in Oklahoma City, the kiosk can hold up to 30,000 products, including refrigerated and frozen items.

    By Jeff Wells • June 5, 2017
  • Hollar fuels expansion with consumables from 7 brands

    The mobile commerce dollar store plans to grow its SKU count by 500% by the end of the year to reach an estimated 18,000 SKUs.

    By June 4, 2017
  • Moody's: Luxury retailers' earnings growth to double this year

    Although, growth is unlikely to reach the double-digit levels the sector enjoyed between 2010 and 2013, according to a report released Thursday.

    By June 2, 2017
  • Fidget spinners deliver for Five Below

    The company is expanding its store fleet and reaching new customers, who are coming in for treats and leaving with more. 

    By June 2, 2017
  • Amazon adds robots, 2K jobs to new Houston warehouse

    Robots and humans will collaborate at the new facility to satisfy increasing demand for the Seattle behemoths' myriad products.

    By Jennifer McKevitt • June 2, 2017
  • Lululemon beats expectations, plans wind down of Ivivva

    While competition in athleisure is stiff and the market is maturing, the initiator in the space is holding its own, thanks to continuing innovation.

    By June 2, 2017
  • Wal-Mart invests in VR for HR

    The retail behemoth said it has started using virtual reality to help prepare employees for busy store conditions and other complex situations.

    By June 1, 2017
  • Dollar General sales jump 6.5% amid bet on store expansion

    The dollar store is working with thin margins amid stiff competition, but still has room to grow stores.

    By June 1, 2017
  • Report: Retail cuts lead US job losses for the year

    Macy’s has driven the retail carnage, with 10,000 job cuts and the closure of 68 stores, and the bankruptcies of The Limited, Wet Seal and American Apparel have also contributed to major losses.

    By June 1, 2017
  • BCBG founder Max Azria ditches fashion for bug-zapping startup ZappLight

    The designer has traded “bon chic, bon genre," Parisian slang for "good style, good attitude” and the basis for his former company’s name, for “buzz, zap.”

    By June 1, 2017
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    ModCloth
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    Deep Dive

    Why Wal-Mart is betting big on e-commerce acquisitions

    The brick-and-mortar giant has been gobbling up online retail startups at a record pace. Is it a path to e-commerce success or an existential crisis?

    By May 31, 2017
  • Michael Kors to shutter up to 125 stores in next 2 years

    The apparel and accessories brand is suffering from its retail over-expansion and discounting habit, which have hit sales and made its recovery path more difficult.

    By May 31, 2017
  • Office Depot shuffles C-suite to firm up new strategy

    CEO Gerry Smith arrived at the company in February, and now his team is shaping up as the retailer continues to figure out how to stay competitive in the office supplies space.

    By May 31, 2017
  • Neiman Marcus interim CFO steps down after 7 months

    The debt-loaded company and Michael Fung agreed not to renew his consulting contract as the department store retailer continues to search for a permanent replacement.

    By May 31, 2017
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    Lidl
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    Lidl announces locations of first 9 store openings

    An analysis of the new locations, which start selling on June 15, shows the German discounter is going right at established players. 

    By Jeff Wells • May 31, 2017
  • Georgia Tech incubator launches retail-focused program

    A $1 million gift will help the university's long-standing incubator turn its attention toward cultivating retail technology startups.

    By May 30, 2017
  • BJ's Wholesale primes omnichannel push with new CIO, CDO

    The company tapped two retail technology veterans to fill high-level jobs focused on e-commerce and omnichannel strategy just weeks after it was reportedly considering a sale.

    By May 30, 2017
  • Deep Dive

    Why Gymboree is staring down bankruptcy — and what it means for the rest of children's apparel

    The children's apparel retailer is nearing a deadline on its $1 billion debt load, which could lead to a death spiral if it can't score a lifeline fast.

    By May 30, 2017
  • Snapchat parent snaps up a drone startup

    But how does Ctrl Me fit into Snap's larger plans of being a "camera company"?

    By David Kirkpatrick , Peter Adams • May 30, 2017
  • Cabela's founder fights to preserve headquarters

    The company is scrambling to save its proposed merger with rival Bass Pro Shops and was looking to sell itself even before hedge fund Elliott Capital Management began to push the idea nearly two years ago.

    By May 30, 2017