Financial News: Page 286


  • Facing investor pressure, Kate Spade to explore 'strategic alternatives'

    Shares of the luxury retailer jumped 10% in pre-market trading on Thursday after the company gave in to investors clamoring for a takeover.

    By Feb. 16, 2017
  • Walgreens merchandising chief to depart

    Linda Filler, who also serves as the chief marketing officer, will leave the drugstore chain on April 1, but will remain in a strategic advisory capacity.

    By Feb. 16, 2017
  • Cabela's-Bass Pro merger further in doubt as credit card business sale falters

    Capitol One recently said it expects to withdraw its application to take over the credit card operation, and sales prospects for the outdoor retailer look dim.

    By Feb. 16, 2017
  • Lidl will open 20 US stores this summer

    The highly anticipated German discount grocery will finally be opening its doors to American shoppers later this year.

    By Doug Harris • Feb. 16, 2017
  • Under Armour CEO walks back pro-Trump remarks amid criticism, downgrade

    Susquehanna International Group analyst Sam Poser slammed Kevin Plank in a note to investors, saying his comments undermined the brand’s efforts to “build a cool urban lifestyle brand in the foreseeable future.”

    By Feb. 16, 2017
  • HHGregg mulls debt restructuring, turnaround

    The electronics and appliance retailer is faltering in the face of stiff competition, including expansions in the space by Amazon and J.C. Penney.

    By Feb. 16, 2017
  • Reports: January retail sales rise 0.4%, analysts warn volatile year ahead

    "The sector is in for another choppy year,” cautions GlobalData Retail Managing Director Neil Saunders.

    By Feb. 16, 2017
  • Wal-Mart sued over questions of private label craft beer authenticity

    The suit alleges that the retailer intended to deceive customers into buying a higher-priced product they think is craft beer produced by a small U.S. brewer.

    By Feb. 15, 2017
  • Retail CEOs sit down with President Trump on border tax

    The immediate reaction from executives like Target's Brian Cornell and AutoZone's Bill Rhodes was positive, said a RILA spokeswoman.

    By Feb. 15, 2017
  • Wal-Mart lands online outdoor retailer Moosejaw for $51M

    The world’s largest retailer continues gobbling up online merchants in its ongoing quest to resuscitate its flagging e-commerce efforts.

    By Jason Ankeny • Feb. 15, 2017
  • J. Crew rejuvenates merchandise with party dress collection

    The brand in trying to revamp its clothing lines with the help of lead womenswear designer Somsack Sikhounmuong, despite mounting debt and legal problems.

    By Feb. 15, 2017
  • Amazon filing hints Prime members top 65M worldwide

    A 10-K filing with the Securities and Exchange Commission reveals that sales of Amazon's retail subscription services (including worldwide annual and monthly fees from its Prime membership program) reached $6.4 billion in 2016.

    By Feb. 15, 2017
  • Deep Dive

    Is Trump's attack on Nordstrom fair or foul?

    Everyone is talking about President Trump's skirmish with Nordstrom over its decision to halt sales of Ivanka Trump's merchandise line. Ten retail experts share their perspective on the controversy.

    By Jason Ankeny • Feb. 15, 2017
  • BJ's Wholesale reportedly prepping for sale or IPO

    Private equity owners acquired the warehouse retailer in 2011, took it private and paid investors dividends several times since. It appears the time is ripe for them to cash out.

    By Feb. 15, 2017
  • American Girl releases first American boy doll 'Logan'

    The brand's owner Mattel has also inked a major deal with Alibaba to sell in China and develop state-of-the-art educational toys for the Chinese market.

    By Feb. 15, 2017
  • Retail chiefs heading to Capitol Hill for border tax fight

    Executives from Target, Best Buy, Gap, AutoZone and others will meet with members of Congress and their staff, though it’s not clear whether they’ll also head to the White House.

    By Feb. 14, 2017
  • Investor sues Under Armour for misrepresenting sales, growth

    A lawsuit filed in Maryland says the athletic apparel company made false or misleading statements that have resulted in losses for shareholders.

    By Feb. 14, 2017
  • Women's apparel chain J.Jill files for IPO

    In a rare positive move for specialty apparel retail, the chain is returning to Wall Street after years in turnaround under private equity ownership.

    By Feb. 13, 2017
  • Neiman Marcus turning to plus-size fashion at off-price stores

    The struggling upscale department store is testing out shop-within-shop boutiques with a range of larger sizes to capture an under-served market.

    By Feb. 13, 2017
  • Sears, Kmart join retailers in dropping Trump brands

    The retailers will cease e-commerce sales of 31 items in the “Trump Home” collections, following similar moves by Nordstrom, Belk and T.J. Maxx.

    By Feb. 13, 2017
  • Report: Payless could shutter up to 1,000 stores

    The no-frills shoe company is the latest retailer to stumble under a debt load heaped on by its private equity owners.

    By Feb. 13, 2017
  • Sears restructures, vows to wipe out $1B in costs

    The fading retailer pledged to simplify its organizational structure, consolidate corporate and support functions across Sears and Kmart, and boost pricing, sourcing, supply chain and inventory management efficiencies.

    By Jason Ankeny • Feb. 10, 2017
  • Alibaba fighting 'false' intellectual property claims

    A Chinese intellectual property enforcement agency is abusing Alibaba's counterfeit notice-takedown system with fraudulent and malicious complaints, the e-commerce giant contends.

    By Feb. 10, 2017
  • Sears settles shareholder lawsuit for $40M

    The payment will accrue to Sears, and CEO Eddie Lampert, whose real estate dealings were the subject of the suit, stands to benefit.

    By Feb. 10, 2017
  • L.L. Bean rethinking signature shipping, returns policy

    The retailer is contemplating major changes that could impact its brand, including revoking the return and shipping policies that have given the company a glow of friendly customer service.

    By Feb. 10, 2017