Financial News: Page
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NRF, RILA hail Trump's plan to cut corporate taxes
Considering the dearth of details in the one-page plan, particularly the lack of spending cuts, economists warn the effect on the economy is unpredictable.
By Daphne Howland • April 27, 2017 -
Mindy Grossman departs HSNi for Weight Watchers
Grossman, who is often on retailers’ short lists when they’re in search of a CEO, shepherded the shopping network company through a turnaround and the encroachment of e-commerce.
By Daphne Howland • April 27, 2017 -
Moody's: Retail industry stable despite weaknesses, but profits will be lean
E-commerce is outpacing broader retail growth, but it’s turning out to be expensive, meaning many retailers’ online efforts won’t do much to boost bottom lines.
By Daphne Howland • April 26, 2017 -
Apple unveils new store design in Dubai, marking major shift
The redesign repositions the company’s retail stores as gathering places and hubs for creativity, offering activities such as educational sessions.
By Daphne Howland • April 26, 2017 -
J. Crew shakes up executive roles, slashes 250 jobs — mostly at HQ
The changes come just weeks after longtime creative guru Jenna Lyons announced her departure at the end of the year.
By Daphne Howland • April 26, 2017 -
Rite Aid rises on earnings beat, but Walgreens merger wait drags on
CEO John Standley said delays on the proposed merger have taken its toll on operations.
By Daphne Howland • April 25, 2017 -
LVMH will take full control of Christian Dior
The deal, valued at $13 billion, is aimed at strengthening LVMH’s Fashion & Leather Goods division, said LVMH chairman and CEO Bernard Arnault.
By Daphne Howland • April 25, 2017 -
Sportsman's Warehouse to reportedly bid on Gander Mountain stores
A purchase by its rival could ensure that most, if not all, remaining Gander locations survive.
By Daphne Howland • April 25, 2017 -
J.C. Penney to add and expand Sephora shops in stores
The over 10-year-old concession retailing partnership represents one of the best moves the department store has made in recent years to boost traffic.
By Daphne Howland • April 25, 2017 -
Jimmy Choo puts itself up for sale
The luxury shoe and accessories retailer has struggled as of late in Europe and the U.S., though sales in China remain robust.
By Daphne Howland • April 24, 2017 -
Amid restructuring, Sears CFO departs after 7 months on the job
Jason Hollar, the latest executive departure from the once-dominant retailer, stepped down to "pursue another career opportunity," the company said.
By Daphne Howland • April 24, 2017 -
Brick-and-mortar record stores stage revival
Vinyl album sales have risen from annual sales of fewer than one million in 2005 to more than 13 million last year.
By Daphne Howland • April 21, 2017 -
Wal-Mart ignites grocery price war as competition intensifies
The expansion of no-frills grocery stores like Aldi and Lidl is driving a U.S. grocery price war similar to one in the U.K. that has devastated supermarket retailers.
By Daphne Howland • April 21, 2017 -
Bebe to shutter all stores by end of May
The retailer will sell all inventory in its 134 retail stores and 34 outlet stores ahead of the planned closures.
By Daphne Howland • April 21, 2017 -
Sports Direct enters US market with $101M Eastern Outfitters buy
The acquisition includes about 50 Bob's Stores and Eastern Mountain Sports retail locations in the U.S. and their websites.
By Daphne Howland • April 21, 2017 -
Invertex rakes in $2M in seed funding to grow footwear technology
The fashion technology startup uses 3D digitization and other technologies to allow brands to produce and sell measure-to-fit footwear.
By Dan O'Shea • April 20, 2017 -
Target innovation chief to depart amid strategy pivot
Casey Carl is stepping down as the big-box retailer aims for innovations that can have a near-term impact on its business.
By Dan O'Shea, Daphne Howland • April 20, 2017 -
EBay lowers guidance, pledges more marketing, site investment
Shares fell Wednesday as the marketplace cut its Q2 guidance, though the company says things will pick up in the second half of the year.
By Daphne Howland • April 20, 2017 -
CVS Pharmacy injects healthy focus, revamped store design
The changes also include new ways to manage loyalty “ExtraBucks” rewards, personalized deals and manufacturer coupons on mobile.
By Daphne Howland • April 20, 2017 -
Wal-Mart launches ambitious project to cut emissions from supply chain
The retail giant's effort, dubbed “Project Gigaton,” aims to reduce the amount of greenhouse gas emissions by one billion tons by 2030.
By Daphne Howland • April 20, 2017 -
Report: FTC may block Walgreens-Rite Aid merger
Rite Aid and Fred's Pharmacy shares each tumbled Wednesday after a report stated that the tie-up between Walgreens and Rite Aid may be under fire from antitrust regulators.
By Daphne Howland • April 20, 2017 -
Kate Spade posts disappointing Q1 as sale rumors swirl
Coach has emerged as the most likely buyer of the handbag maker, but Kate Spade's weak results could ding the price tag, which is estimated to top $2 billion.
By Daphne Howland • April 19, 2017 -
Target unveils new packaging sustainability goals
The announcement is the latest in a series of environmentally conscious moves that the big-box retailer is making throughout its supply chain.
By Daphne Howland • April 19, 2017 -
Moody's: 'Kohl's has the edge'
Despite ongoing struggles, the discount department store enjoys a series of core strengths that bode well for its long-term viability, according to Moody’s Investors Services.
By Daphne Howland • April 19, 2017 -
Etsy open-sources its sustainability software to developers
The code powering Etsy's waste management program could help fuel other businesses' sustainability programs.
By Dan O'Shea • April 18, 2017