Financial News: Page 283
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LVMH will take full control of Christian Dior
The deal, valued at $13 billion, is aimed at strengthening LVMH’s Fashion & Leather Goods division, said LVMH chairman and CEO Bernard Arnault.
By Daphne Howland • April 25, 2017 -
Sportsman's Warehouse to reportedly bid on Gander Mountain stores
A purchase by its rival could ensure that most, if not all, remaining Gander locations survive.
By Daphne Howland • April 25, 2017 -
J.C. Penney to add and expand Sephora shops in stores
The over 10-year-old concession retailing partnership represents one of the best moves the department store has made in recent years to boost traffic.
By Daphne Howland • April 25, 2017 -
Jimmy Choo puts itself up for sale
The luxury shoe and accessories retailer has struggled as of late in Europe and the U.S., though sales in China remain robust.
By Daphne Howland • April 24, 2017 -
Amid restructuring, Sears CFO departs after 7 months on the job
Jason Hollar, the latest executive departure from the once-dominant retailer, stepped down to "pursue another career opportunity," the company said.
By Daphne Howland • April 24, 2017 -
Brick-and-mortar record stores stage revival
Vinyl album sales have risen from annual sales of fewer than one million in 2005 to more than 13 million last year.
By Daphne Howland • April 21, 2017 -
Wal-Mart ignites grocery price war as competition intensifies
The expansion of no-frills grocery stores like Aldi and Lidl is driving a U.S. grocery price war similar to one in the U.K. that has devastated supermarket retailers.
By Daphne Howland • April 21, 2017 -
Bebe to shutter all stores by end of May
The retailer will sell all inventory in its 134 retail stores and 34 outlet stores ahead of the planned closures.
By Daphne Howland • April 21, 2017 -
Sports Direct enters US market with $101M Eastern Outfitters buy
The acquisition includes about 50 Bob's Stores and Eastern Mountain Sports retail locations in the U.S. and their websites.
By Daphne Howland • April 21, 2017 -
Invertex rakes in $2M in seed funding to grow footwear technology
The fashion technology startup uses 3D digitization and other technologies to allow brands to produce and sell measure-to-fit footwear.
By Dan O'Shea • April 20, 2017 -
Target innovation chief to depart amid strategy pivot
Casey Carl is stepping down as the big-box retailer aims for innovations that can have a near-term impact on its business.
By Dan O'Shea, Daphne Howland • April 20, 2017 -
EBay lowers guidance, pledges more marketing, site investment
Shares fell Wednesday as the marketplace cut its Q2 guidance, though the company says things will pick up in the second half of the year.
By Daphne Howland • April 20, 2017 -
CVS Pharmacy injects healthy focus, revamped store design
The changes also include new ways to manage loyalty “ExtraBucks” rewards, personalized deals and manufacturer coupons on mobile.
By Daphne Howland • April 20, 2017 -
Wal-Mart launches ambitious project to cut emissions from supply chain
The retail giant's effort, dubbed “Project Gigaton,” aims to reduce the amount of greenhouse gas emissions by one billion tons by 2030.
By Daphne Howland • April 20, 2017 -
Report: FTC may block Walgreens-Rite Aid merger
Rite Aid and Fred's Pharmacy shares each tumbled Wednesday after a report stated that the tie-up between Walgreens and Rite Aid may be under fire from antitrust regulators.
By Daphne Howland • April 20, 2017 -
Kate Spade posts disappointing Q1 as sale rumors swirl
Coach has emerged as the most likely buyer of the handbag maker, but Kate Spade's weak results could ding the price tag, which is estimated to top $2 billion.
By Daphne Howland • April 19, 2017 -
Target unveils new packaging sustainability goals
The announcement is the latest in a series of environmentally conscious moves that the big-box retailer is making throughout its supply chain.
By Daphne Howland • April 19, 2017 -
Moody's: 'Kohl's has the edge'
Despite ongoing struggles, the discount department store enjoys a series of core strengths that bode well for its long-term viability, according to Moody’s Investors Services.
By Daphne Howland • April 19, 2017 -
Etsy open-sources its sustainability software to developers
The code powering Etsy's waste management program could help fuel other businesses' sustainability programs.
By Dan O'Shea • April 18, 2017 -
Fashwire raises funding for app enabling consumer reviews of new fashion designs
The startup raised $725,000 in seed funding and is looking for more in a Series A round as it nears the launch of an app that will allow users to review new fashion designs posted by independent designers.
By Dan O'Shea • April 18, 2017 -
GNC soars on revenue beat, revamped loyalty program
Partially offsetting decreases in revenue was a $4 million increase associated with the company’s change in its loyalty programs.
By Daphne Howland • April 18, 2017 -
Lord & Taylor inks exclusive deal with makeup guru Bobbi Brown
Brown, who left her namesake cosmetics company late last year, is sticking with her longtime approach of working with department stores.
By Daphne Howland • April 18, 2017 -
Neiman Marcus takes on more debt to finance interest payments
The move is aimed at preserving the struggling department store’s liquidity, but it only exacerbates its existing $4.9 billion debt burden.
By Daphne Howland • April 18, 2017 -
Cabela's drops share price to smooth merger with Bass Pro Shops
Georgia bank Synovus has also stepped in to take on Cabela’s customer deposits, in order to enable the bank side of the deal.
By Daphne Howland • April 18, 2017 -
Commerce report: Core retail sales rose 0.5% in March
The consume price index decline suggests that retailers may have trouble raising prices.
By Davide Savenije , Daphne Howland • April 17, 2017