Wal-Mart, Target, NRF lead retail industry coalition to fight border tax

Retailers would no longer be able to deduct the cost of merchandise they import under the Republican-proposed 20% border adjustable tax plan, which would drive up the price of goods for consumers, according to the NRF.  

By Corinne Ruff • Feb. 2, 2017

Ralph Lauren CEO Larsson stepping down in May

Chief Financial Officer Jane Nielsen will lead the venerable apparel company’s “Way Forward” turnaround effort until a new CEO is found.

By Daphne Howland • Feb. 2, 2017

Target's Goldfish effort goes belly up amid shift to core business focus

The retailer is also cutting other tech-focused initiatives in the wake of major shakeups within its executive suite.

By Daphne Howland • Feb. 2, 2017

H&M reverses store expansion plans to focus on omnichannel

The Swedish fast-fashion retailer is dumping its previous strategy of boosting its store count by 10% to 15% per year in favor of growing its online business.

By Daphne Howland • Feb. 1, 2017

Why off-price retail is rising as department stores are sinking

Analysts say chains like T.J. Maxx, Burlington and Ross will gain steam in 2017 as they plow ahead with store expansion plans.

By Laura Klepacki • Feb. 1, 2017

Amazon fighting Trump immigration order in court

The e-commerce giant joined Washington state’s lawsuit against the ban —  and founder/CEO Jeff Bezos says there are more legal fights to come.

By Daphne Howland • Feb. 1, 2017

Record iPhone sales propel Apple's holiday recovery

The iPad seems to be receding from view, however: Tablet sales declined 19% from the 2015 holiday period, and revenue plummeted 22%.

By Daphne Howland • Jan. 31, 2017

Newegg online showcase sells products from Indiegogo-funded entrepreneurs

The retailer is planning to launch a page on its e-commerce site dedicated to showcasing products financed via crowdfunding campaigns.

By Dan O'Shea • Jan. 31, 2017

Fitch: Claire's, Sears among retailers in danger of default this year

The credit rating firm reported more than $4 billion of retail high yield bond outstandings with a high risk of default is on its "Bonds of Concern" list.

By Daphne Howland • Jan. 31, 2017

Under Armour tumbles on growth concerns, CFO exits

The sports retailer ceded its number two spot to Adidas last fall, and its fourth quarter results showed tempered growth in North America.

By Daphne Howland • Jan. 31, 2017

Coach's department store exit pays off, e-commerce suffers hit

The upscale handbag retailer's second quarter results show it can afford to exit department stores that don’t (or can’t) sell its goods at premium prices.

By Daphne Howland • Jan. 31, 2017

Macy's sells Frango chocolates business to Garrett Brands

The struggling retailer still plans to sell Frango products in the Frango Café at its State Street store in Chicago and at more than 350 additional Macy's locations.

By Dan O'Shea • Jan. 30, 2017

Office Depot names Lenovo exec as new CEO

Gerry Smith replaces Roland Smith, who signaled his intention to step down three months after Office Depot’s proposed $6.3 billion merger with rival Staples fell apart.

By Jason Ankeny • Jan. 30, 2017

Retail execs slam Trump's immigration ban, vow support for refugees

Business leaders from Nike, Amazon, Starbucks and other companies are denouncing the immigration and travel ban instituted by executive order late Friday.  

By Daphne Howland • Jan. 30, 2017

Gymboree CEO to step down amid possible $1B debt restructuring

The children’s apparel retailer is the latest victim of falling mall traffic and the heavy debt burden of its private equity ownership.

By Daphne Howland • Jan. 30, 2017

Walgreens, Rite Aid cut merger price, will divest more stores

Walgreens Boots Alliance is prepared to divest up to 1,200 Rite Aid stores to obtain regulatory approval, while the drugstore rivals agreed to extend their merger process end date to July 31.

By Daphne Howland • Jan. 30, 2017

Canadian footwear retailer Shoes.com shutters operations

The company faced strong competition from rivals Zappos, Amazon and Shoebuy, now owned by Wal-Mart’s Jet.

By Daphne Howland • Jan. 30, 2017

Wal-Mart, feds struggle to settle bribery investigation

Organizations that plead guilty to federal crimes can be blocked from winning government contracts, meaning the country’s largest grocer could lose its access to the Supplemental Nutrition Assistance Program.

By Daphne Howland • Jan. 30, 2017

Wal-Mart tweaking pay, training programs

The retail giant is putting emphasis on more well-rounded training to boost customer service as well as to attract and retain better-skilled workers.

By Daphne Howland • Jan. 27, 2017

Retailers decry proposed 20% import tax

President Donald Trump appeared to endorse the so-called "border adjustment" tax to help finance the wall he wants to build between the U.S. and Mexico.

By Daphne Howland • Jan. 27, 2017

Abercrombie cuts 150 HQ jobs amid sales woes

The retailer is the latest in the teen apparel space to lose steam.

By Daphne Howland • Jan. 27, 2017

Walgreens 'in dialogue' with FTC to finalize Rite Aid merger

Walgreens Boots Alliance's CEO told shareholders that the company and Rite Aid are discussing “all the instruments and all the actions” to make the deal happen.

By Daphne Howland • Jan. 27, 2017

Wal-Mart taps Tinseltown talent to craft its Oscars ads

The retailer drafted famous filmmakers Antoine Fuqua, Marc Forster and the team of Seth Rogen and Evan Goldberg to helm its first Academy Awards ads.  

By Dan O'Shea • Jan. 26, 2017

Amazon sails into ocean freight forwarding business

The move could allow Chinese factories a more direct path to American consumers — which would also present major challenges to Amazon's U.S.-based Marketplace sellers.

By Daphne Howland • Jan. 26, 2017

Moody's: Retailers to prosper this year — except for department stores

Despite lower inventory levels and favorable seasonal weather, department stores “chalked up one of the worst retail sub-sector sales performances” in the holiday shopping period, a Moody’s analyst said.

By Daphne Howland • Jan. 26, 2017