Financial News: Page 294
-
Report: The Limited may shutter headquarters, close stores permanently
The women’s apparel retailer is suffering from the woes of malls and fierce competition from fast fashion and other rivals.
By Daphne Howland • Dec. 5, 2016 -
Sears Holdings CEO proposes increased stake in struggling off-price unit
Eddie Lampert continues to prop up the ailing retail company, but executive departures and troubles at Sears Hometown mean things are pretty dire.
By Daphne Howland • Dec. 5, 2016 -
Report: Burberry turned down multiple takeover offers from Coach
A merger would have created a group valued over $20 billion, broadening Coach’s reach in more categories and extending its geographic presence.
By Daphne Howland • Dec. 5, 2016 -
November logs more job growth, weaknesses linger
A decline in wages and softness in the employment numbers should give retailers pause.
By Daphne Howland • Dec. 2, 2016 -
Ascena blames sales struggles on election anxiety
CEO David Jaffe said apparel sales have already picked up since Election Day, with e-commerce helping offset declining store traffic.
By Daphne Howland • Dec. 2, 2016 -
Ulta forecasts strong holiday sales, fueled by e-commerce boom
The beauty retailer posted third quarter online sales of $73.6 million, up 59.1% from a year ago.
By Daphne Howland • Dec. 2, 2016 -
Amazon announces Alexa Accelerator to boost conversational commerce startups
The program, supported by startup accelerator Techstars, will help developers targeting speech technology advances and voice application innovation.
By Dan O'Shea • Dec. 1, 2016 -
Lands' End struggles linger, Canvas fails to catch on
The youthful Canvas brand, a revamp initiated by ex-CEO Federica Marchionni, had a particularly negative impact on the company's Q3 gross margin.
By Daphne Howland • Dec. 1, 2016 -
Dollar General falls on lower prices, food stamp cuts
Fierce competition from Wal-Mart is also hitting Dollar General and rival dollar stores hard.
By Daphne Howland • Dec. 1, 2016 -
Bass Pro Shops-Cabela's merger delayed by FTC antitrust concerns
The Federal Trade Commission has asked for more information, but a swift refiling from Cabela’s suggests confidence the deal will pass muster, observers say.
By Daphne Howland • Dec. 1, 2016 -
American Eagle plunges on same-store sales weakness
The teen apparel retailer anticipates flat to low single-digit increases in same-store sales during the all-important holiday quarter.
By Daphne Howland • Nov. 30, 2016 -
UK retailer Boohoo bids on bankrupt Nasty Gal
Boohoo, a discount fashion retailer founded a decade ago, is enjoying healthy growth and looking to branch out beyond Europe.
By Daphne Howland • Nov. 30, 2016 -
Department store guru says discounts are like 'a cancer'
Allen Questrom, who has led department stores like J.C. Penney and Macy’s, says retailers are relying too heavily on promotions and not enough on merchandising, presentation and customer service.
By Daphne Howland • Nov. 30, 2016 -
TJX to maintain FLSA overtime rule standards, despite injunction
The NRF hailed the court block last week, but TJX says it’s sticking with the original plan, which was to go into effect Dec. 1.
By Daphne Howland • Nov. 30, 2016 -
Tiffany surprises with first sales increase in two years
But the upscale retailer has more to do to combat headwinds including the strong dollar, increased competition and even its proximity to Trump Tower in New York.
By Daphne Howland • Nov. 29, 2016 -
HSN, Inc. names Elizabeth Arden exec CFO
Rod Little will succeed Judy Schmeling, who was named president of Cornerstone Brands in August and will continue to serve as COO of HSNi.
By Daphne Howland • Nov. 29, 2016 -
Dick's Sporting Goods' latest software acquisition is a GameChanger
The mobile scoring app gives users live updates on player performance and instant game recaps for 165,000 amateur baseball and softball teams.
By Dan O'Shea • Nov. 28, 2016 -
Bed Bath & Beyond snaps up PersonalizationMall for $190M
The struggling home goods retailer is working to differentiate its assortment to get away from competing so heavily on price.
By Daphne Howland • Nov. 28, 2016 -
Urban Outfitters brands struggling to catch up to fashion trends
The retailer is playing catch-up as slimmer European styles invade the U.S., but it benefitted from its new pizza chain.
By Daphne Howland • Nov. 23, 2016 -
NRF, RILA praise federal court block of FLSA overtime rule
A federal judge granted a preliminary injunction in a lawsuit filed by 21 states and a variety of employer groups, including the National Retail Federation.
By Kathryn Moody, Corinne Ruff • Nov. 23, 2016 -
Barnes & Noble sales hit by election jitters
The embattled bookseller also named former Staples North America president Demos Parneros as its new COO.
By Daphne Howland • Nov. 23, 2016 -
Nordstrom to continue selling Ivanka Trump merchandise
The department store retailer aims to remain politically “agnostic,” according to an email to employees from co-president Pete Nordstrom.
By Daphne Howland • Nov. 23, 2016 -
Deep Dive
A retailer's guide to Black Friday 2016
The biggest shopping weekend of the year has arrived. Here are the trends to watch, the Twitter accounts to follow and much more.
By Jason Ankeny • Nov. 23, 2016 -
Report: Target, Wal-Mart among retailers selling aloe vera gel without aloe vera
An independent investigation by Bloomberg found that products sold by several retailers don't contain the ingredients promised, in which case retailers could risk losing the trust of their customers.
By Daphne Howland • Nov. 23, 2016 -
Office Depot's North American president Cosby stepping down
At the same time the office supplies retailer announced CEO Roland Smith's imminent retirement, it said it would consolidate the CEO and president positions, anticipating Cosby’s departure.
By Daphne Howland • Nov. 22, 2016