Financial News: Page 295
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Target brings back design focus with Dwell collection
The collaboration with Dwell Magazine features more than 120 indoor and outdoor items with midcentury-influenced design aesthetics.
By Daphne Howland • Oct. 11, 2016 -
Macy's to launch e-commerce site for China market in 2017
The retailer began selling in China last year via Alibaba's Tmall Global storefront, offering products from brands including Tommy Hilfiger and Fossil.
By Dan O'Shea • Oct. 10, 2016 -
Ralph Lauren taps founder's son to lead innovation
Analysts have long suspected David Lauren would be the heir to the fashion house.
By Daphne Howland • Oct. 10, 2016 -
JC Penney brings greeters to retail stores
Not all employees like the idea because it’s creating longer checkout lines and taking them away from other tasks, according to a report.
By Daphne Howland • Oct. 10, 2016 -
Trade groups call for US to blacklist Alibaba over fakes
Despite several efforts in the past to fight counterfeit sales, Alibaba has failed to mollify brands.
By Daphne Howland • Oct. 10, 2016 -
Chico's names new president to turn around struggling brand
Layoffs and weak sales have plagued the apparel brand as it aims to regain traction among its core customer base of older women.
By Daphne Howland • Oct. 10, 2016 -
L Brands, Gap outpace September expectations
Gap is still depending on Old Navy for its salvation, while L Brands is turning to Bed Bath & Beyond to fill that role.
By Daphne Howland • Oct. 7, 2016 -
E-commerce darlings Warby Parker, Bonobos plot major brick-and-mortar expansion
Disruptive, data-driven web retailers are crunching the numbers and calculating that physical stores are instrumental to their success.
By Daphne Howland • Oct. 7, 2016 -
Target experiments with in-store vertical farms
A collaboration with the Massachusetts Institute of Technology and design firm IDEO on urban farming may soon bear fruit for the retailer’s shelves.
By Daphne Howland • Oct. 7, 2016 -
Wal-Mart slows store openings as focus turns to e-commerce
“I don’t think it’s an exaggeration to say we are going through a transformative period,” Wal-Mart CEO Doug McMillon told investors and analysts Thursday.
By Daphne Howland • Oct. 7, 2016 -
Bed Bath & Beyond pilots premium membership program to replace coupons
For $29 a year, customers receive 20% discounts on all purchases and free shipping on online transactions.
By Daphne Howland • Oct. 6, 2016 -
Wal-Mart doubling e-commerce warehouses, stake in JD.com
The brick-and-mortar behemoth is doubling its web-focused warehouses to 10 by the end of this year and installing automated product sorting and item tracking technologies.
By Daphne Howland • Oct. 6, 2016 -
VF CEO stepping down, COO named successor
Steven Rendle will replace longtime CEO Eric C. Wiseman, who oversaw years of growth at the company, which runs apparel brands such as Timberland.
By Daphne Howland • Oct. 6, 2016 -
Reis: Upscale mall vacancies fall in Q3, offsetting strip mall struggles
Regional malls catering to wealthier shoppers continue to perform better than smaller strip malls, but signs of employment growth and rising incomes should help both categories.
By Daphne Howland • Oct. 6, 2016 -
Heading into holidays, Amazon and Google showdown plays out in ads
Google’s announcement of an AI-integrated home assistant yesterday followed Amazon’s launch of an enormous Alexa campaign.
By Peter Adams • Oct. 5, 2016 -
Sears shares soar on reports of Craftsman sale talks
Final bids, which could value the tools unit's brand at some $2 billion, are due at the end of the month.
By Daphne Howland • Oct. 5, 2016 -
Toys 'R' Us sells iconic toy unit FAO Schwarz
Buyer ThreeSixty Group designs, sources and distributes consumer products under a portfolio of owned and licensed brands including Sharper Image, Discovery Kids, Smithsonian and Animal Planet.
By Daphne Howland • Oct. 5, 2016 -
Criteo acquires e-commerce ad exhange HookLogic for $250M
HookLogic partners with retailers including Wal-Mart, Target, Costco and Best Buy to sell sponsored ads that appear in product search results on their web pages.
By Dan O'Shea • Oct. 4, 2016 -
Best Buy to pay $3.8M penalty over sales of recalled products
The electronics retailer knowingly sold some 600 recalled items from 2010 to 2015, according to the U.S. Consumer Product Safety Commission.
By Daphne Howland • Oct. 4, 2016 -
Sears CEO insists Kmart is not closing
Edward Lampert published a letter Monday denying that Kmart is liquidating, the second time in 10 weeks the company has had to quash rumors of its demise.
By Daphne Howland • Oct. 4, 2016 -
Deep Dive
Trump vs. Clinton: How the next US president could shape retail's future
The election's heated rhetoric is already distracting from holiday shopping. But the candidates' stances on three policy issues critical to retail — trade, tax reform and labor — could have a much bigger impact.
By Corinne Ruff • Oct. 3, 2016 -
Rent the Runway ends employee bonuses, raises salaries
Jenn Hyman, cofounder and CEO, said the decision comes after repeated feedback from employees that bonuses were "a distraction from learning."
By Daphne Howland • Oct. 3, 2016 -
Embattled Rue21 replaces CEO Fisch
Longtime CFO Keith McDonough will take over as interim CEO while the teen apparel retailer's board of directors searches for a permanent replacement.
By Daphne Howland • Oct. 3, 2016 -
UPDATE: Bass Pro Shops acquires Cabela's for $5.5B
The deal will likely invite antitrust scrutiny from the Federal Trade Commission, considering the dominance of both retailers in the outdoor and sporting goods space.
By Daphne Howland • Oct. 3, 2016 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M warns disappointing sales could extend into Q4
The fast-fashion retailer blamed quarterly profit declines on the strong dollar and increased discounts forced by hotter-than-expected weather.
By Daphne Howland • Sept. 30, 2016