Financial News: Page 303


  • Zara rises on sales beat, launches eco-friendly line

    While emphasizing the growth of its physical footprint, Zara parent Inditex also stressed the integration of its online and offline sales approaches.

    By Sept. 22, 2016
  • Bed Bath & Beyond misses expectations despite web sales surge

    Comparable sales at the home-goods chain fell 1.2% during the second quarter, falling short of Wall Street forecasts.

    By Sept. 22, 2016
  • FedEx foresees record holiday shipments driven by e-commerce growth

    The shipper plans to hire about 50,000 seasonal employees for the holidays, roughly the same as last year.

    By Sept. 21, 2016
  • Refinancing deal keeps Claire's turnaround hopes alive

    A revised agreement with HSBC Bank will allow the struggling teen accessories retailer to worry about holiday sales rather than its heavy debt, at least for now.

    By Sept. 21, 2016
  • Macy's holiday hiring plans hold flat, omnichannel gets boost

    The company will fill about 83,000 positions at Macy’s and Bloomingdale’s stores, with an emphasis on supporting its online and omnichannel fulfillment operations.

    By Sept. 21, 2016
  • Ascena plummets on sales miss

    Shares of the women's apparel retailer plunged 24% in pre-market trading Tuesday, nearing a 7.5-year low.

    By Sept. 20, 2016
  • Costco faces lawsuit over improper sales tax collection

    The class-action suit alleges that the warehouse retailer is illegally charging sales tax on toilet tissues, a product exempt New Jersey's tax collection guidelines.

    By Sept. 19, 2016
  • Athletic brands suffer as Golfsmith proceeds in Chapter 11

    The bankrupt retailer owes between $100 million and $500 million to some of the world's most notable sports brands, including Nike, Under Armour and Callaway. 

    By Sept. 19, 2016
  • Report: Sears to shut more Kmart stores in 13 states

    Using information from store employees and financial filings, Business Insider has pinpointed additional Kmart locations that are expected to shutter before year's end.

    By Sept. 19, 2016
  • Aeropostale landlords slash rents, 400 stores to remain open

    Rents will be reduced at 171 North American Aeropostale stores, saving about 5,300 jobs.

    By Sept. 19, 2016
  • Report: Unilever in talks to acquire Honest Co.

    In the current investment climate, the "eco-friendly" consumer products retailer co-founded by Jessica Alba may take the $1 billion deal, despite the hit to its recent valuation.

    By Sept. 16, 2016
  • Dollar General hiring 10K new workers over next month

    The discount retailer plans to open about 1,000 new stores over the course of fiscal 2017.

    By Sept. 16, 2016
  • Target's turnaround emphasizes omnichannel, in-store efforts

    Facing a surprise slump, the retailer is getting assertive in grocery, pricing and omnichannel.

    By Sept. 16, 2016
  • August retail sales suffer surprise drop

    Retail sales fell 0.3% since July, the first decline in five months, the Department of Commerce reports.

    By Sept. 15, 2016
  • Deep Dive

    Will Lands' End sink or swim on Amazon?

    Struggling Lands’ End has agreed to sell selected apparel via Amazon. Eight retail experts share their perspectives on the potential risks and rewards.

    By Jason Ankeny • Sept. 15, 2016
  • Welspun faces class-action lawsuit over mislabeled cotton

    A group of consumers alleges the Indian supplier misrepresented the cotton used in its bed sheets and towels, and that retailers have failed to deliver an adequate response.

    By Sept. 15, 2016
  • Target opening hundreds of small-format stores

    CEO Brian Cornell said the locations will offer an assortment of product mixes customized according to the demographics of local neighborhoods and serve as pickup stations for online orders.

    By Sept. 15, 2016
  • UPDATE: Golfsmith files for Chapter 11

    The Texas chain, hobbled by debt in a leveraged acquisition in 2012 as interest in golf began to seriously wane, filed for bankruptcy Wednesday.

    By Sept. 14, 2016
  • Tiffany taps industry outsider Erceg as CFO

    Mark Erceg, the former CFO of Canadian Pacific Railway, has no experience in luxury retail, but that shouldn’t derail him if his hire is a good fit, say analysts.

    By Sept. 14, 2016
  • Struggling Nasty Gal reportedly seeks buyer

    The edgy e-commerce retailer has struggled to come of age, and sources told Women's Wear Daily it's in desperate need of capital.

    By Sept. 14, 2016
  • Alibaba buys biometric authentication startup EyeVerify

    Forget traditional passcodes, EyeVerify's EyePrint ID technology authenticates shopper identities through eye-vein patterns.

    By Sept. 13, 2016
  • Court approves Aeropostale sale, thousands of jobs spared

    Aeropostale has defied the odds and many observers’ expectations, and 229 stores may be saved as a result.

    By Sept. 13, 2016
  • Ikea focuses on click-and-collect locations

    The Swedish furniture retailer reported a 30% boost in digital sales in fiscal 2016, far surpassing previous years.

    By Sept. 13, 2016
  • Target hiring more than 75K seasonal workers ahead of holidays

    Outplacement firm Challenger, Gray and Christmas anticipates that 2016 seasonal retailer hiring will hold steady in comparison with last year.

    By Sept. 13, 2016
  • Report: Amazon poised to launch 100 pop-ups in US malls

    The effort is separate from the full-line bookstores in Seattle and planned for other cities, but shares the same aim: showcasing Amazon’s devices and reaching shoppers across more channels.

    By Sept. 12, 2016