Best Buy CEO Hubert Joly assures investors he's staying put

A rumor that the French native was being wooed by French retail giant Carrefour sent shares down Friday, but they recovered when he issued a statement disputing the claims.

By Daphne Howland • Jan. 23, 2017

Report: FTC wary of Walgreens-Rite Aid merger as deadline looms

Antitrust officials are worried the drugstore retailers’ plan to offload stores to ease competitive concerns doesn’t go far enough. 

By Daphne Howland • Jan. 23, 2017

Birchbox to open second physical store in Paris

The subscription beauty retailer in 2014 opened its first full-line physical store in New York City’s Soho neighborhood, and shoppers there have a 3x higher lifetime value with the brand.

By Daphne Howland • Jan. 20, 2017

Report: Macy's store closures a windfall for off-price retail

Burlington Coat Factory will benefit the most, and off-price retail overall will seize 40% of the $575 million in revenue that Macy's is leaving on the table.

By Daphne Howland • Jan. 20, 2017

Costco to pay $11.75M for improper sales of opioids

The U.S. Justice Department and its Drug Enforcement Administration blame violations at Costco pharmacies for prescription drugs reaching the black market.

By Daphne Howland • Jan. 20, 2017

EEOC sues Wal-Mart for discrimination under disabilities act

The regulatory agency alleges Wal-Mart's firing of a longtime employee with Down Syndrome runs afoul of the Americans with Disabilities Act and the Civil Rights Act.

By Daphne Howland • Jan. 20, 2017

Flirtey lands $16M in new funding to feed drone delivery ambitions

The startup has already demonstrated its delivery capabilities in partnership with 7-Eleven, but it now faces more competition in the space.

By Dan O'Shea • Jan. 19, 2017

Target names new CMO, kicks off Major League Soccer partnership

Rick Gomez replaces Jeff Jones, who left the retailer in August to join ride-sharing startup Uber.

By Dan O'Shea • Jan. 19, 2017

Fashion house BCBG closing stores, restructuring

The fashion company will refocus operations to in-store boutiques while increasing its online presence and licensing initiatives.

By Daphne Howland • Jan. 19, 2017

Pittsburgh mall sells for $100 (that's not a typo)

Wells Fargo, which foreclosed on the property last year, was the only bidder to appear during the five-minute-long auction.

By Daphne Howland • Jan. 19, 2017

Why Dollar General will keep its promise to build 1K stores this year

Ignoring recent soft comps, the dollar store leader is moving quickly to snag prime real estate before its competitors as they vie for America’s growing budget shoppers.

By Laura Klepacki • Jan. 19, 2017

Nordstrom CIO next to go as tech team reshuffle continues

The announcement of Dan Little's pending exit comes just two weeks after the departure of CTO Kumar Srinivasan.

By Daphne Howland • Jan. 19, 2017

Toys 'R' Us holiday sales fall flat

The toy retailer experienced the same increased competition and discounting that took a toll on many big-box retailers this holiday season.

By Daphne Howland • Jan. 18, 2017

Target slashes guidance after disappointing holiday quarter

A good Black Friday and strong e-commerce sales couldn’t make up for store traffic declines and heavy discounting.

By Daphne Howland • Jan. 18, 2017

Why selling Craftsman sounds the death knell for Sears

The embattled retailer unloaded its signature tool brand to Stanley Black & Decker for $900 million — and, experts say, lost something that money can't buy in the process.

By Jason Ankeny • Jan. 18, 2017

J.C. Penney bringing Nike shops to 600-plus stores

The 500-square-foot concessions will be festooned with giant Nike “swoosh” signs, what the retailer calls “motivating” images of Nike-wearing athletes, dedicated mannequins and updated lighting.

By Daphne Howland • Jan. 18, 2017

UPDATE: Lowe's cuts 2,400 jobs in major workforce shift

The home improvement retailer will eliminate positions in back offices in favor of deploying more customer-facing help.

By Daphne Howland • Jan. 18, 2017

Fed chief Dudley: Border adjustment tax could have 'unintended consequences'

At the NRF’s Big Show 2017, Federal Reserve Bank of New York President and CEO William Dudley warned that the Republican-sponsored border tax could spur retailers to increase prices to remain profitable.

By Corinne Ruff • Jan. 17, 2017

The Limited files for bankruptcy

After closing all of its stores and moving operations online earlier this month, the retailer has agreed to a stalking horse bid for its intellectual property and assets.

By Corinne Ruff • Jan. 17, 2017

After holiday sales slump, Tiffany names designer Reed Krakoff as chief artistic officer

Krakoff, who served as a creative collaborator with the re-launch of a luxury accessories collection, will spearhead the artistic vision of the upscale jeweler.

By Daphne Howland • Jan. 17, 2017

American Apparel begins layoffs at HQ, factories

New owner Gildan sources most of its textiles in overseas factories and will not continue American Apparel’s Los Angeles operations, signaling a loss for U.S. apparel manufacturing.

By Daphne Howland • Jan. 17, 2017

Wal-Mart staffing shakeup to align store, digital operations

Amid significant shakeups in its corporate offices and store back rooms in recent months, Wal-Mart plans to also add store associates, e-commerce fulfillment workers and boost training of store personnel.

By Daphne Howland • Jan. 17, 2017

H&M misses expectations for holiday sales growth

The retailer, which has expanded its store count despite tepid sales, had warned it might need to employ heavy discounts to get through the holidays.

By Daphne Howland • Jan. 17, 2017

Report: Wet Seal weighs sale or bankruptcy

Sources told Bloomberg that private equity firm Versa, which bought the struggling apparel retailer in 2015, prefers a sale.

By Daphne Howland • Jan. 17, 2017

Amazon reportedly seeks FCC approval for wireless tests at Seattle HQ

Amazon has asked to conduct wireless technology tests at its Seattle headquarters and one of its customer service facilities elsewhere in Washington.

By Dan O'Shea • Jan. 16, 2017