Financial News: Page


  • Report: Uniqlo looking for a digital transformation

    The Japanese retailer is adopting an increasingly common stance as it aims for a digital and technological makeover.

    By • Aug. 29, 2017
  • Walmart heir sheds $62M in shares

    Rob Walton, founder Sam Walton’s oldest son, sold the stock last week, sparking speculation although he’s still got $8.4 billion left.

    By • Aug. 29, 2017
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    Retrieved from Target on August 28, 2017
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    Target hopes shoppers raise a glass to its new $5 private label wine

    The retailer is extending its cheap chic image to the grocery department with the introduction of an exclusive, value-oriented collection that includes Cabernet Sauvignon, Chardonnay and Pinot Grigio.

    By Sandy Skrovan • Aug. 29, 2017
  • Deep Dive

    Is Nordstrom the next acquisition target for Walmart or Amazon?

    The two retail giants have something to gain from taking over Warby Parker, Lowe’s or Ulta Beauty — but the Seattle-based department store with a strong off-price division is a strong contender, according to data-fueled speculation from Foursquare.

    By • Aug. 28, 2017
  • Report: Hudson's Bay considering going private

    The department store retailer is said to be looking for an adviser to assess options as an activist presses for a real estate sale to pay off shareholders. 

    By • Aug. 28, 2017
  • Roots Canada opens customization lab at Toronto flagship

    Shoppers of the lab can peruse leather and fabric samples and use a digital interface to add custom touches like monograms.

    By • Aug. 28, 2017
  • Perfumania files for bankruptcy, plans to close stores

    The country's largest fragrance retailer is looking to downsize and invest more in omnichannel efforts as it grapples with debt and sales declines. 

    By • Aug. 28, 2017
  • J.C. Penney CFO wants to increase tech investment

    The newly-appointed exec hopes allocating more to tech investment will boost the department store retailer's chances of recovery from ongoing struggles.

    By • Aug. 28, 2017
  • Study: Uncertain immigration policies dampen US Hispanic spending

    The situation is especially challenging for retailers in California, Texas and New Mexico, but is likely a short-term problem considering its more of a political and social issue than an economic one.

    By • Aug. 25, 2017
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Dollar Tree shrugs off Walmart competition in healthy Q2

    The discount retailer plans to expand its brick-and-mortar footprint for both Dollar Tree and Family Dollar stores as it faces price competition on several fronts. 

    By • Aug. 25, 2017
  • Ulta shows its strength

    Despite a slowdown in growth, same-store sales remain robust and the beauty retailer shows nothing but strength on and offline.

    By • Aug. 25, 2017
  • Macy's beds Lucky Brand for new collection

    The department store has announced a steady stream of exclusively designed collections for apparel and home to entice customers.

    By • Aug. 25, 2017
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    Retrieved from Target on August 25, 2017
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    Target names new strategy and innovation chief

    Minsok Pak will take over the role previously filled by Casey Carl, who left in April after spearheading some of the retailer's most cutting edge projects.

    By • Aug. 25, 2017
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    Whole Foods Market
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    Amazon's Whole Foods takeover immediately cuts prices, grows Prime

    After the deal goes into effect Monday, prices will drop on grocery staples and Whole Foods’ private-label brands will be available to Prime members.

    By Jeff Wells, Corinne Ruff • Aug. 25, 2017
  • Staples beats expectations amid sales decline

    Shareholders will soon take up the company's proposed acquisition by Sycamore Partners, which plans to spin off the retail business.

    By • Aug. 24, 2017
  • Madewell a bright spot as J. Crew struggles

    The company trimmed debt by $300 million and its young brand is doing well, but is that enough to save J. Crew?

    By • Aug. 24, 2017
  • Sears closing 28 more Kmart stores, posts $1B sales decline

    The department store retailer's many cost cuts and store closures have slowed the rate at which it's losing money, but Sears is still plagued by poor sales and fading customer interest.

    By • Aug. 24, 2017
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    Retrieved from Target on June 16, 2017
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    Deep Dive

    How Target is using small-format stores to score with younger shoppers

    The big-box retailer is betting big on convenient, localized small-format stores to win over millennial and Gen Z college consumers. 

    By • Aug. 24, 2017
  • A&F in need of brand reinvention

    The flagship is taking lessons from its stronger Hollister brand, but hasn't found a new direction yet, analysts say.

    By • Aug. 24, 2017
  • Destination Maternity hires adviser as sales slump

    The retailer says it is focused on cutting costs — not restructuring — as closures and terminated partnerships at Macy's, Sears and Kohl's hurt sales.

    By • Aug. 24, 2017
  • West Elm growth boosts Williams-Sonoma in Q2

    The home goods and furniture retail company is primed for a strong end to the year.

    By • Aug. 24, 2017
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    Christopher Doering
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    FTC clears Amazon's acquisition of Whole Foods

    Whole Foods shareholders also approved the move Wednesday, allowing both sides to finalize the $13.7 billion deal. 

    By Jeff Wells • Aug. 23, 2017
  • Aerie lifts American Eagle to Q2 sales beat

    The flagship is doing better with jeans and female consumers, but it suffered a hit to margins in the quarter and men aren't buying.

    By • Aug. 23, 2017
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    DSW e-commerce sales surge 27% in Q2 thanks to mobile traffic growth

    The retailer has more work to do, however, considering the challenges in the footwear market and among the retailer’s budget-minded shoppers.

    By • Aug. 23, 2017
  • Lowe's sales jump nearly 7%, but Wall Street isn't impressed

    The home improvement retailer posted second quarter sales that would make it a marvel in other retail sectors, but the company still plays "second fiddle" to rival Home Depot. 

    By • Aug. 23, 2017