Financial News: Page 293
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Opinion
Diversification key for mall developers as retail landscape evolves
With traditional anchors beset by mounting competition from big-box outlets, off-price and e-commerce, it's time to rethink the very definition of a mall — or else.
By Kenneth A. Rosen and Eric S. Chafetz • Feb. 7, 2017 -
Eastern Outfitters files for Chapter 11 bankruptcy
The sports retailer is the latest private equity-owned company to file for bankruptcy.
By Daphne Howland • Feb. 6, 2017 -
Tiffany CEO Cumenal exits following sales slump
Chairman of the Board Michael J. Kowalski, who ceded the CEO post in 2014, will return as interim CEO while the upscale jeweler searches for a successor.
By Daphne Howland • Feb. 6, 2017 -
Dollar General touts 10k new jobs amid massive expansion
Most retailers are eliminating positions amid store closures and bankruptcies: U.S. corporations cut 45,934 jobs in January, and retailers accounted for nearly half of them.
By Daphne Howland • Feb. 6, 2017 -
Bebe to shutter 25 stores
The struggling apparel retailer announced that second quarter same-store sales fell 10.5% from the year ago period, and it's focusing on cutting costs and its wholesale business overseas.
By Daphne Howland • Feb. 6, 2017 -
GNC mulling lawsuit against Fox over yanked Super Bowl ad
The 30-second spot — which reportedly cost the supplements retailer $5 million — was intended to be the latest step in a major rebranding effort.
By Dan O'Shea • Feb. 5, 2017 -
Hudson's Bay reportedly in talks to acquire Macy's
The Wall Street Journal reports negotiations between the companies remain preliminary, and address outright acquisition as well as a deal for Macy’s real estate and even potential partnership opportunities.
By Jason Ankeny • Feb. 3, 2017 -
J. Crew sues lenders over capital restructuring plans
The retailer is in discussions with creditors to renegotiate its approximately $2 billion debt load and plans to transfer its intellectual property to an unrestricted Cayman Islands subsidiary.
By Daphne Howland • Feb. 3, 2017 -
Nordstrom winding down sales of Ivanka Trump merchandise
The move is a reflection of the brand’s poor sales, the retailer says. But the Grab Your Wallet campaign, which petitions businesses to boycott Trump family products, has declared victory.
By Daphne Howland • Feb. 3, 2017 -
Report: Macy's, The Limited lead January job losses
New Year layoffs have become a standard for retailers, as they shutter stores and revamp operations in the omnichannel age, according to Challenger, Gray & Christmas.
By Daphne Howland • Feb. 3, 2017 -
Abercrombie & Fitch finally names a CEO
Fran Horowitz led the turnaround of the embattled teen apparel retailer’s Hollister brand in her previous role as president and chief merchandising officer.
By Daphne Howland • Feb. 3, 2017 -
Amazon's exploding marketing, shipping costs outpace Q4 revenue growth
The e-commerce kingpin took a hit on Wall Street when it reported fourth quarter sales of $43.7 billion, up 22% year-over-year but missing analyst expectations for $44.68 billion.
By Daphne Howland • Feb. 2, 2017 -
UPDATE: Wet Seal files for second bankruptcy in 25 months
The teen apparel retailer's filing lists assets between $10 million and $50 million, along with liabilities of $50 million to $100 million.
By Corinne Ruff and Daphne Howland • Feb. 2, 2017 -
Restoration Hardware slaps Crate & Barrel with lawsuit over trade secrets
The suit alleges that former RH executives brought with them proprietary knowledge of food and beverage operations when they defected to Crate & Barrel.
By Daphne Howland • Feb. 2, 2017 -
Macy's stock surges on sale rumors
The embattled retailer jumped 5% in Thursday morning trading following a report stating it is in discussions to sell to a private equity firm to skirt a potential battle for control of its board of directors.
By Daphne Howland • Feb. 2, 2017 -
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 -
Deep Dive
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 -
Retrieved from Apple on September 08, 2016
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