Financial News: Page
-
Amazon is rolling out secure delivery hubs for multi-dwelling buildings
Looking to lock up ownership of the last few inches of delivery's last mile, Amazon is offering to install secure, coded delivery lockers in apartment and condo buildings.
By Dan O'Shea • July 30, 2017 -
Report: Nordstrom negotiating with PE firms to go private
Nordstrom family members are exploring sweetheart deals with potential partners that could help fund a buyout.
By Ben Unglesbee • July 28, 2017 -
GNC sales dip but turnaround progress is steady
Despite lackluster sales numbers, GNC says recent changes — including selling products on Amazon — are paying off.
By Daphne Howland • July 28, 2017 -
Topshop's Arcadia Group to launch Outfit Kids
Children's apparel is a tricky slice of the struggling category but the launch follows extensive research.
By Daphne Howland • July 27, 2017 -
Camping World acquires online sports site The House
Camping World continues to expand its horizons, moving into new areas both geographically and in its merchandise offerings.
By Daphne Howland • July 27, 2017 -
Walmart outlines policies to 'renew' US manufacturing
The big-box retailer's VP of U.S. manufacturing met with public and private sector leaders Wednesday to lay out the 10-point plan meant to create 1.5 million American jobs.
By Corinne Ruff • July 27, 2017 -
Neiman Marcus reportedly cutting 225 jobs
The department store is suffering under "completely unsustainable" levels of debt and has ceased efforts to sell itself.
By Daphne Howland • July 27, 2017 -
Deep Dive
Is Sears' Kenmore deal with Amazon a game changer, or a drop in the bucket?
A partnership to sell Kenmore appliances on Amazon could add new sales for Sears and expand Amazon's appliance ambitions. But will Amazon shoppers flock to a brand some say is dying?
By Ben Unglesbee • July 27, 2017 -
Moody's: Smaller retailers vulnerable as competition intensifies
Amazon is casting a long shadow, and smaller retailers are vulnerable as competitors seek to grab their market share. And grocers are next.
By Daphne Howland • July 26, 2017 -
Walmart, JD announce shopping holiday to rival Singles Day
The companies have joined forces in China on order fulfillment and distribution and are planning an answer to Alibaba's blockbuster Singles Day.
By Daphne Howland • July 26, 2017 -
Shareholders demand Rent-A-Center sell itself
The rent-to-own retailer has faced increasing pressure from shareholders as it struggles to stay competitive in the market.
By Daphne Howland • July 26, 2017 -
Survey: Retailers using outdated tools to manage sourcing
Retail sourcing management needs to be brought into the 21st Century with new tools to manage their sourcing and supplier relationships, according to new research.
By Dan O'Shea • July 26, 2017 -
Activist presses Barnes & Noble to sell itself or go private
Sandell Asset Management said it had taken a "meaningful" stake in the book retailer and pushed it to consider a buyout by private equity or potentially a media company.
By Ben Unglesbee • July 25, 2017 -
Sports retailers tumble on Hibbett Sports sales warning
The sports retailer has its particular troubles, including a late entry to e-commerce, but investors are worried about sports retail in general.
By Daphne Howland • July 25, 2017 -
Michael Kors snaps up Jimmy Choo for $1.2B
With this move, Michael Kors is aiming upmarket and overseas for growth.
By Daphne Howland • July 25, 2017 -
J.C. Penney taps former Walmart exec as CFO
Jeffrey Davis has served as chief financial officer for Darden Restaurants (parent of the Olive Garden chain) and Walmart's U.S. stores.
By Ben Unglesbee • July 25, 2017 -
Lane Bryant launches free in-store styling
The company's one-on-one styling advice hopes to leverage the advantages of brick-and-mortar retail over e-commerce.
By Daphne Howland • July 25, 2017 -
Macy's names executive to head Backstage
Michelle Israel, senior vice president of Bloomingdale’s off-price unit, has been promoted to head Macy's Backstage and will oversee both businesses.
By Daphne Howland • July 25, 2017 -
Walmart takes a page from Amazon, invests in Plug Power
The investment provides both Walmart a means of powering its equipment faster, and a way to keep tabs on Amazon.
By Jennifer McKevitt • July 25, 2017 -
Deep Dive
What will become of the retail worker after the 'apocalypse'?
Employment losses in the retail sector are approaching 2009 levels with 60,000 jobs cut and counting. As retailers realign resources around e-commerce, the roles of associates are also changing.
By Ben Unglesbee • July 24, 2017 -
The Buckle taps new CFO as sales plummet
The teen apparel retailer is struggling with the chronic problems of the shifting apparel retail environment.
By Daphne Howland • July 24, 2017 -
Sephora debuts small format concept store in Boston
Sephora Studio will emphasize customer experiences through beauty consultations and services that fall in line with the retailer's in-store tech push.
By Daphne Howland • July 24, 2017 -
Amazon pays publishers, influencers to post on Spark
The e-commerce giant is seeking more content for its shopping-oriented social network.
By Robert Williams • July 21, 2017 -
FTC reportedly looking into Amazon's price listing practices
As it reviews the e-commerce giant's buyout of Whole Foods, the agency is probing a report that Amazon's reference prices mislead customers.
By Ben Unglesbee • July 21, 2017 -
Topshop taps Burberry merchant for top spot
Paul Price has been chief merchant at Burberry for a decade and replaces Topshop veteran Mary Homer, who left to lead The White Company.
By Daphne Howland • July 21, 2017