Burberry trimming product offerings for the holidays

The upscale British fashion house is shifting its focus to its newest items, especially those selling well after its September runway show.  

By Daphne Howland • Nov. 9, 2016

Wal-Mart faces lawsuit over false labeling of Egyptian cotton sheets

Its response to Indian textile manufacturer Welspun’s mislabeling is in contrast to rival Target, which severed ties upon discovery of the issue.

By Daphne Howland • Nov. 9, 2016

American Apparel abandons UK stores, resumes talks with bidders

The retailer has appointed executives from accounting giant KPMG as administrators of its 13 U.K. stores and has stopped shipping inventory to those locations, although they have enough merchandise to get through the holidays.

By Daphne Howland • Nov. 9, 2016

Google's Project Wing drone bet hits stiff headwinds

The drone delivery effort's future is in doubt following the departure of two of its leaders, financial and staffing cuts and the end of a potential delivery partnership with Starbucks.

By Dan O'Shea • Nov. 8, 2016

Gap warehouse fire blamed for sales decline

Old Navy was again the apparel retailer's salvation in the third quarter, with a same-store sales increase of 3%, while Gap and Banana Republic suffered setbacks.

By Daphne Howland • Nov. 8, 2016

CVS slashes guidance as prescription growth sputters

Days after the drugstore chain announced plans to eliminate 600 corporate jobs, it missed third quarter revenue projections and lowered its outlook for the year ahead.

By Daphne Howland • Nov. 8, 2016

Online jeweler Blue Nile going private to revive fortunes

The e-retailer, founded in 1999, has recently begun to open physical stores and is struggling to maintain growth.

By Daphne Howland • Nov. 8, 2016

How Target can refresh its failing grocery business

The retailer's grocery effort suffered another blow with the abrupt resignation of department head Anne Dament. Eight experts debate how (and if) Target can turn it around.    

By Jason Ankeny • Nov. 8, 2016

Golfsmith begins store closing sales at 59 locations

Dick’s Sporting Goods and a team of liquidators won a bankruptcy auction last month to take over its U.S. business for $70 million.

By Daphne Howland • Nov. 7, 2016

Fossil shuttering stores, streamlining product offerings

“Consumers don’t want to see a huge assortment of products like what’s in a department store," CEO Kosta Kartsotis said. "They want to see a few good, well-designed products.”

By Daphne Howland • Nov. 7, 2016

Wal-Mart CEO touts new emphasis on sustainability, workplace improvements

Doug McMillon pledged to sell more locally sourced produce, reduce emissions, leverage energy efficiencies and achieve zero waste to landfill in key markets.

By Daphne Howland • Nov. 7, 2016

Adidas rebooting Reebok to drive US sales growth

The athletic retailer will relocate the brand's operations to a “vibrant urban area" and close some stores, which will result in the loss of some 150 jobs.

By Daphne Howland • Nov. 4, 2016

CVS Health to cut 600 corporate jobs

Changing market dynamics and an increasingly competitive environment are forcing the drugstore retailer to streamline its operations.  

By Daphne Howland • Nov. 4, 2016

Hollar's dollar store-like app draws $30M in new funding

Available online and as an iOS or Android app, Hollar features 10,000 live SKUs for a variety of items, most priced between $2 and $5.

By Dan O'Shea • Nov. 3, 2016

Kohl's launches Apple Watch sales to boost wellness business

The discount department store plans to feature the devices in its fitness sections rather than alongside other electronics.

By Daphne Howland • Nov. 3, 2016

Office Depot to close 65 stores in Q4

Shares increased as much as 15% Thursday after the office supplies retailer announced an aggressive cost-cutting effort that includes closing 300 stores over three years as well as the sale of its international businesses.

By Daphne Howland • Nov. 3, 2016

Gap CFO Simmons to exit at fiscal year's end

CEO Art Peck said his two years at the helm mark the end of a “period of transition” and an appropriate time for Simmons’ departure.

By Daphne Howland • Nov. 3, 2016

The biggest threat to Wal-Mart's grocery dominance? It isn't Amazon

As Wal-Mart turns its attention to boosting its e-commerce fortunes, fast-growing competitors from Germany are looking to play spoiler in the U.S. grocery space.

By Daphne Howland • Nov. 3, 2016

Amazon eyes expansion in Southeast Asia, Middle East, mulls Souq bid

Amazon is among a variety of retailers and private equity firms eyeing a bid for a stake in Dubai-based online retailer Souq, which could be valued at $1.2 billion.

By Daphne Howland • Nov. 3, 2016

Target grocery chief departs after 18 months

Anne Dament is the latest in a series of high-ranking executives to exit the retailer in recent weeks.

By Daphne Howland • Nov. 3, 2016

Alibaba momentum builds ahead of Singles Day

The Chinese e-commerce kingpin reported quarterly revenue growth up 55% from a year ago, boosted by mobile traffic.

By Daphne Howland • Nov. 2, 2016

American Apparel misses $2.5M in bankruptcy payments

A litigation trustee is asking a Delaware federal judge to transfer disbursing power before the company files for Chapter 11 again.

By Daphne Howland • Nov. 2, 2016

Coach sales decline as department store exodus continues

The upscale accessories retailer's efforts to extricate itself from heavy promotional environments and off-price competition undermined its momentum in fiscal Q1.  

By Daphne Howland • Nov. 2, 2016

Postmates raises $141M to fuel overseas expansion, booze delivery plans

The new round leaves the on-demand delivery startup at a valuation of about $600 million, the same as it was after a previous financing round.

By Dan O'Shea • Nov. 1, 2016

Macy's unloads stores to mall operator General Growth Properties

The deal, valued at approximately $48 million, continues Macy's efforts to shed 100 stores by early 2017.

By Daphne Howland • Nov. 1, 2016