Financial News: Page 300
-
Office Depot CEO stepping down, search for replacement begins
Roland Smith oversaw the office supplies retailer’s failed merger attempt with rival Staples and spearheaded a strategic turnaround plan announced this month.
By Daphne Howland • Aug. 22, 2016 -
H&M criticized for young workers, forced overtime in Myanmar factories
The fast-fashion retailer has taken action at two factories where children as young as 14 were working upwards of 12 hours a day.
By Daphne Howland • Aug. 22, 2016 -
JDA spurns Honeywell in favor of $570m Blackstone investment
The private equity investment bank will help pay off JDA's $2 billion debt, in return for a 40% stake in the supply chain management software provider.
By Corinne Ruff • Aug. 19, 2016 -
Foot Locker beats Q2 sales forecast
Shares rose 4.1% in pre-market trading Friday after the sportswear and footwear retailer reported better-than-expected sales and earnings.
By Daphne Howland • Aug. 19, 2016 -
Macy's taps agency veteran Richard Lennox as CMO
The newly named CMO has led marketing at Toys "R" Us and Zales, and spearheaded the “Diamonds are Forever” campaign at J. Walter Thompson.
By Daphne Howland • Aug. 19, 2016 -
Gap slashes guidance, plans to ramp up marketing
The retailer has struggled with inconsistencies in fit, an issue that has annoyed customers and created a problem of returned merchandise, especially for online orders.
By Daphne Howland • Aug. 19, 2016 -
Report: Struggling American Apparel exploring sale options
The retailer, which has struggled to stage a comeback since exiting bankruptcy last year, turned down a buyout bid from ousted founder Dov Charney in January.
By Daphne Howland • Aug. 19, 2016 -
Amazon experiments with full-time benefits for part-time tech workers
The e-commerce giant is known for its sometimes-difficult working conditions, but its pay and benefits are generally seen as above standard.
By Daphne Howland • Aug. 19, 2016 -
Apple takes the 'store' out of retail locations
Apple is removing the word "store" from its retail locations as it looks to rebrand them as community spaces offering entertainment and special events, along with tech support.
By Dan O'Shea • Aug. 18, 2016 -
Wal-Mart records biggest same-store sales increase in four years
The retail giant is seeing many of its investments pay off, including a boost to hourly wages and improvements to stores—which are bringing customers back.
By Daphne Howland • Aug. 18, 2016 -
J.C. Penney turnaround plan focuses on private labels, omnichannel
The retailer announced a three-year plan for accelerated growth, but even it doesn't plan to reach the heights of yesteryear.
By Daphne Howland • Aug. 18, 2016 -
L Brands beats Q2 estimates, same-store sales rise 3%
The company seemed to falter earlier this year, but its second quarter shows it's on the path to recovery.
By Daphne Howland • Aug. 18, 2016 -
Aerie brand's growth lifts American Eagle Outfitters in Q2 earnings
The teen apparel retailer’s turnaround appears to be taking hold, and it's showing in the latest earnings.
By Daphne Howland • Aug. 17, 2016 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples sales decline for 14th straight quarter
The office supplies retailer, in the midst of regrouping after its failed merger with rival Office Depot, said it’s sticking with its plan to close 50 stores.
By Daphne Howland • Aug. 17, 2016 -
Target's Q2 same-store sales fall in 'difficult retail environment'
Some of the results were expected by analysts, but the decline in same-store sales and the retailer's shrinking digital growth did not inspire confidence on Wall St., with shares falling 6-7% this morning.
By Daphne Howland • Aug. 17, 2016 -
JustFab rebrands to 'TechStyle Fashion Group'
The company, which has irritated many shoppers with its subscription policies, may need more than a name change.
By Daphne Howland • Aug. 17, 2016 -
Dick's Sporting Goods beats expectations as store sales grow 3%
Sports Authority's ongoing liquidation had a weaker-than-expected impact on Dick's earnings results.
By Daphne Howland • Aug. 17, 2016 -
Barnes & Noble CEO Ronald Boire steps down
Ronald D. Boire, a veteran exec who spent time at Sears and Kmart, is stepping down after less than a year in the role.
By Corinne Ruff • Aug. 16, 2016 -
TJX beats Q2 expectations but slips on weaker same-store sales growth
Despite beating analyst expectations for same-store sales increases, a decline from last year's 6% growth sent shares down about 3% in early trading Tuesday.
By Daphne Howland • Aug. 16, 2016 -
Home Depot sees steady sales growth, thanks to housing tailwind
Mostly sheltered from Amazon and privy to a favorable housing market, the home improvement retailer reached its highest net earnings results in company history.
By Daphne Howland • Aug. 16, 2016 -
UPS CEO predicts TPP deal will increase US exports by 20%
With President Obama announcing late last week that the TPP is headed to Congress, UPS CEO David Abney said the deal would benefit small to medium-sized American businesses in particular.
By Daphne Howland • Aug. 16, 2016 -
Agile Network bolsters e-commerce supply chain with Ajillus acquisition
The deal comes as the retail supply chain is becoming increasingly complex, with the industry now offering an abundance of shipping pricing models and a rising number of delivery options.
By Dan O'Shea • Aug. 15, 2016 -
Deep Dive
Ikea wants to go upscale, but do the pieces fit?
The Swedish retailer says it's ready to boost the quality of its inexpensive, notoriously hard-to-assemble furniture. But it runs the risk of alienating its budget-minded fans.
By Daphne Howland • Aug. 15, 2016 -
Report: Developer bids on J.C. Penney's Dallas campus
Sam Ware, CEO of Dallas-based Dreien Opportunity Partners LLC, is bidding for the campus and has agreed to lease back some 1.2 million square feet to the retailer.
By Daphne Howland • Aug. 15, 2016 -
Report: Home improvement retailers immune to the 'Amazon effect'
Many homeowners see home improvement spending as an investment and prefer to browse products in-store.
By Daphne Howland • Aug. 15, 2016