Financial News: Page 286
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Report: Wal-Mart poised to eliminate 1K corporate jobs
The retail giant’s investments in stores and its ongoing e-commerce push are driving efforts to seek out efficiencies.
By Daphne Howland • Jan. 11, 2017 -
Instacart under fire from personal shoppers over pay changes
Shoppers are complaining that changes in tipping and pay rate policies have left them making less money than before.
By Dan O'Shea • Jan. 10, 2017 -
Gildan wins American Apparel auction with $88M bid
The Canadian T-shirt company reportedly beat out competing bids from Next Level Apparel, Forever 21, brand band licensor Authentic Brands Group LLC and even e-commerce giant Amazon.
By Daphne Howland • Jan. 10, 2017 -
Hudson's Bay cuts guidance again after holiday season struggles
Seasonal sales were strong, but not enough to lift overall performance as the Canadian company fell victim to challenges in the U.S. and Europe.
By Daphne Howland • Jan. 10, 2017 -
Target teams up with K-beauty guru Alicia Yoon
Target will begin offering a variety of Yoon-selected Korean cosmetics, and the K-beauty trend, with its combo of innovation and exotic ingredients, seems like an enduring one.
By Daphne Howland • Jan. 10, 2017 -
Nordstrom taps Rack exec as first chief innovation officer
Geevy Thomas will step into the newly created role with a focus on customer-centric efforts to blend digital and in-store shopping experiences.
By Daphne Howland • Jan. 10, 2017 -
Lululemon narrows guidance on healthy holiday sales
The retailer saw sales rise, but it should prepare itself for Amazon’s entry into the athleisure space, which the Canadian retailer almost single-handedly created.
By Daphne Howland • Jan. 9, 2017 -
Nordstrom launching 'natural beauty outposts' to capture cosmetics niche
The department store retailer also announced a pop-up venture with Korean designers including eyewear line Gentle Monster.
By Daphne Howland • Jan. 9, 2017 -
Deep Dive
How Amazon Go will transform the grocery experience
The online behemoth's register-free store disrupts the landscape, but does more convenience take away from what food shopping has always been?
By Keith Loria • Jan. 9, 2017 -
Neiman Marcus pulls IPO plans
Two years ago, the department store seemed poised to return to Wall Street, but the strong dollar, troubles in the oil sector and the pace of fashion have since undermined its results.
By Daphne Howland • Jan. 9, 2017 -
J.C. Penney's turnaround suffers holiday setback
After a slow start in the first three weeks of November, which included the U.S. presidential election, overall same-store sales rose between Thanksgiving week through the end of December.
By Daphne Howland • Jan. 8, 2017 -
Sam's Club CEO Brewer to step down
The warehouse chain has appointed John Furner to replace Rosalind Brewer as CEO. Furner most recently served as Sam's Club's executive vice president of merchandising.
By Jason Ankeny • Jan. 6, 2017 -
Staples to halt USPS operations in stores
While the American Postal Workers Union is declaring victory, it’s unclear how the decision will affect the office supplies retailer or the post office in the long term.
By Daphne Howland • Jan. 6, 2017 -
In challenge to Amazon's Zappos, Wal-Mart's Jet tries on Shoebuy
The acquisition is the speediest way to expand Jet’s reach and further Wal-Mart’s goals of increasing and diversifying its online customer base.
By Daphne Howland • Jan. 6, 2017 -
Walgreens raises guidance in anticipation of successful Rite Aid merger
Sales declined in the first quarter, but CEO Stefano Pessina expressed confidence that the merger and the synergies it will provide will happen, telling analysts there is “no plan B.”
By Daphne Howland • Jan. 6, 2017 -
Coloring books, Adele leave Barnes & Noble hanging at the holidays
Without a hot gift trend or a blockbuster album, store traffic was slow, though the bookseller managed better-than-expected profits thanks to cost-cutting.
By Daphne Howland • Jan. 6, 2017 -
The Limited officially closes all stores, moves online
The mall retailer posted a message on its website Friday stating that all stores had officially closed, but the business would continue online.
By Daphne Howland • Jan. 5, 2017 -
Nordstrom CTO bows out after less than a year
Former Amazon exec Kumar Srinivasan arrived last March amid a tech revamp, but it looks like the department store retailer intends further restructuring of its digital operations.
By Daphne Howland • Jan. 5, 2017 -
Amazon reportedly adding athleisure to private label apparel
The e-commerce giant has a penchant for developing private-label brands in many categories, using its deep intelligence from customer feedback and sales to see which categories have the most potential.
By Daphne Howland • Jan. 5, 2017 -
Sears Holdings to close 150 Sears and Kmart stores, sell Craftsman brand
The retailer has also entered into a $500 million committed secured loan facility, maturing in July 2020, with Seritage Growth Properties.
By Daphne Howland • Jan. 5, 2017 -
Deep Dive
Food for thought: 7 trends set to define grocery retail in 2017
Online grocery, last-mile shipping, social media marketing, product transparency and differentiated shopping experiences will highlight the year ahead.
By Sandy Skrovan • Jan. 5, 2017 -
Kohl's slashes guidance on discouraging holiday quarter
Holiday prospects seemed bright in early November, but sales were volatile and strong days few and far between in the weeks to follow.
By Daphne Howland • Jan. 5, 2017 -
Macy's job losses could top 10k after brutal holiday season
About 3,900 associates will be displaced as a result of store closures announced Wednesday, while additional restructuring measures may signal the loss of another estimated 6,200 positions.
By Jason Ankeny • Jan. 4, 2017 -
UPDATE: Next Level Apparel reportedly bids on bankrupt American Apparel
Amazon, Forever 21 and Authentic Brands Group have also been in talks to submit bids. A decision by a Delaware bankruptcy judge is expected on Thursday.
By Corinne Ruff • Jan. 4, 2017 -
Walgreens Boots Alliance pilots vision clinic
The test run at the company’s Chicago flagship could open another facet of medical care that could challenge rivals and boost traffic to retail stores.
By Daphne Howland • Jan. 4, 2017