Financial News: Page 294


  • Target gets creative help from Gen Z in new apparel line

    The retailer brought 10 kids aged 10 to 14 to its Minneapolis headquarters to get feedback on its new “Art Class” line of accessories and apparel.

    By Jan. 12, 2017
  • Walgreens adding FedEx dropoff, pickup locations nationwide

    FedEx customers will be able to drop off pre-packaged and pre-labeled shipments and pick up packages at their neighborhood Walgreens store.

    By Jan. 12, 2017
  • Wal-Mart CIO reportedly stepping down next month

    Karenann Terrell has held the role since February 2012, and her departure is likely part of a digital operations shake-up since its acquisition of startup Jet.

    By Jan. 12, 2017
  • Deep Dive

    Why The Limited's time finally ran out

    The apparel retailer was once the go-to destination for stylish young Americans, and set the stage for the discovery and production innovations synonymous with today's fast fashion. What went wrong?

    By Jan. 12, 2017
  • J.C. Penney poised to close more stores

    Locations that fail to meet the retailer’s “brand standard” must go, but CEO Marvin Ellison stressed physical stores will continue to drive the great bulk of its sales.

    By Jan. 12, 2017
  • Target accepting applications for next Techstars retail accelerator program

    More than 150 mentors gave more than 500 hours of their time and expertise to selected retail tech startups during the first round of the program.

    By Jan. 11, 2017
  • FTC approval of Walgreens-Rite Aid merger reportedly imminent

    There’s pressure to give the $9.4 billion drugstore acquisition the green light before president-elect Donald Trump’s inauguration.

    By Jan. 11, 2017
  • Amazon revamps branded Visa card to reward Prime members

    The expanded benefits are just another way for Amazon to attract, keep and grow its sticky, higher-buying membership base.

    By Jan. 11, 2017
  • Heavy discounting springs Ascena holiday woes

    The company’s apparel chains suffered same-store sales declines, and shares fell as much as 10% on news of a disappointing holiday season.

    By Jan. 11, 2017
  • 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Jan. 6, 2017