Financial News: Page 294
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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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Dan O'Shea • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Dan O'Shea • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • Jan. 6, 2017