Instacart adds $400M in Series D, plans expansion to 25 new markets

The funding vaults the estimated total value of the grocery shopping and delivery startup to $3.4 billion, up from $2 billion in its previous round.

By Dan O'Shea • March 8, 2017

Adidas gunning for Nike as it shatters sales records

The athletic apparel company's three-pillar turnaround strategy is paying off in a big way, CEO Kasper Rorsted said.

By Daphne Howland • March 8, 2017

Express sales plummet on discounts, dwindling mall traffic

The teen apparel retailer's fourth quarter net sales plunged 11% to $678.8 million from $765.6 million in the year-ago quarter.

By Daphne Howland • March 8, 2017

Urban Outfitters posts record sales, but still grappling with online-offline mix

Fourth quarter net sales rose 2% to $1.03 billion, driven by $19 million in sales from new Vetri Family Restaurants locations.

By Daphne Howland • March 8, 2017

Dick's soars on turmoil in sporting goods market

But the retailer isn’t resting on its laurels, announcing a new merchandising strategy to better compete against brands selling direct to shoppers.

By Daphne Howland • March 7, 2017

HHGregg files for Chapter 11, lines up buyer

An anonymous party has agreed to purchase the electronics retailer's assets, allowing HHGregg to exit the bankruptcy process debt-free.

By Daphne Howland • March 7, 2017

Report: RadioShack braces for second bankruptcy

The retailer is loaded with debt and struggling amid stiff competition in the electronics space.

By Daphne Howland • March 7, 2017

Ascena stanches losses despite traffic, pricing struggles

Some segments performed better than others: Loft is outpacing Ann Taylor, and Dressbarn eclipsed Maurices.

By Daphne Howland • March 7, 2017

Gordmans reportedly preparing to seek bankruptcy protection

The century-old discount department store is weighed down by debt, and growth has slowed significantly after a two-year store expansion.

By Daphne Howland • March 7, 2017

IBM Watson, Salesforce Einstein form AI dream team to aid retail, other industries

The tech giants will integrate and leverage one another’s artificial intelligence solutions to deliver new applications for customers in a variety of sectors.

By Dan O'Shea • March 6, 2017

Walgreens promotes Turner to CIO post

Steve Turner replaces Chief Digital Officer and Chief Information Officer Abhi Dhar, who is leaving Walgreens this month to focus on a new startup venture.

By Daphne Howland • March 6, 2017

Amazon's Elements brand adds vitamins, supplements

The line also includes baby wipes and, as with its other private-label consumer goods, Amazon is swiftly grabbing market share.

By Daphne Howland • March 6, 2017

Finish Line unloads JackRabbit for low, low price of $0

Private investment firm CriticalPoint Capital is buying the specialty running shoe business, which includes 65 stores nationwide.

By Daphne Howland • March 6, 2017

Report: Macy's-Hudson's Bay merger talks at impasse

Insiders say Macy’s asking price is simply too steep; in addition, activist hedge fund Starboard Value has reduced its stake and dialed down pressure to extract value from the retailer's real estate holdings.

By Daphne Howland • March 6, 2017

Branding firm Gordon Brothers snaps up Wet Seal for $3M

The Boston-based firm says it will develop a “unique business model” to meet the particular challenges of the teen apparel space.

By Daphne Howland • March 6, 2017

Costco hikes membership fees, tweaks pricing

The warehouse retailer raises its membership fees roughly every five years.

By Daphne Howland • March 3, 2017

Vanity declares bankruptcy, will shutter all stores

Another apparel retailer bites the dust, leaving more market share for those that remain.

By Daphne Howland • March 3, 2017

Barnes & Noble sales fall on fading demand for once-popular products

CEO Leonard Riggio also pointed to continued political turmoil for denying booksellers of unpaid advertising they get when authors hawk their books on TV.

By Daphne Howland • March 3, 2017

HHGregg to shutter 40% of stores

Amid rumors that it will soon file for Chapter 11 bankruptcy, the electronics retailer is shuttering 88 underperforming stores and three warehouses in 15 states.

By Daphne Howland • March 3, 2017

Amazon to add solar panels to dozens of fulfillment centers

The e-commerce giant has plans to construct solar systems on 50 fulfillment and sorting centers globally by 2020.

By Dan O'Shea • March 2, 2017

Abercrombie to shutter 60 US stores as sales continue to slide

The teen apparel retailer’s Hollister brand is bolstering results, but overall the company has more work to do to connect with customers, analysts say.

By Daphne Howland • March 2, 2017

Crocs to close 160 stores by the end of 2018

As it winds up a two-year restructuring effort, the company is consolidating its president and CEO positions, promoting Andrew Rees to replace CEO Gregg Ribatt.

By Daphne Howland • March 2, 2017

Minneapolis Macy's sold for $59M to developer 601W Companies

Some Twin Cities locals never stopped calling the store “Dayton’s,” a symbol of how Macy’s never gained traction in the Midwest after its massive expansion.

By Daphne Howland • March 2, 2017

YM makes $1.5M stalking horse bid for bankrupt Wet Seal

The Canadian company established the minimum bid for the upcoming bankruptcy auction of the teen apparel retailer's intellectual property and e-commerce site.

By Daphne Howland • March 2, 2017

How Macy's is taking a page out of J.C. Penney's beauty playbook

As department stores continue to wobble under weak apparel sales, some are looking at beauty as a beacon to lure younger shoppers.

By Laura Klepacki • March 1, 2017