Financial News: Page 303
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Report: IBM mulling acquisition of POS player Revel
Big Blue sold its own point-of-sale division in 2012 for more than $800 million.
By Dan O'Shea • Aug. 1, 2016 -
Alibaba partners with French insurer AXA to calm fears over fake products
The Chinese e-commerce giant hopes to create a "safe trading environment" for consumers and brands alike.
By Corinne Ruff • Aug. 1, 2016 -
Burberry acquires remaining stake in its Chinese retail operations
The retailer is doubling down on its China investment despite some concerns about its reliance on that market.
By Daphne Howland • Aug. 1, 2016 -
Consumer spending fuels modest growth ahead of holidays
Wages continue to increase—including for households with lower incomes.
By Daphne Howland • Aug. 1, 2016 -
Amazon gets analyst thumbs up on investment plans
The online retailer will increase spending on fulfillment centers and video in the second half of the year, and analysts are mostly on board.
By Daphne Howland • Aug. 1, 2016 -
UPS rides e-commerce rocket to higher profit, revenue
The shipper's Q2 revenue climbed 3.8%, reaching $14.63 billion. Profit rose 3.2% to $1.27 billion.
By Dan O'Shea • July 31, 2016 -
Target CIO grows IT staff, tightens budget, hones tech focus
Mike McNamara has hired more than 700 new engineers while refocusing on a streamlined list of high-priority IT projects.
By Dan O'Shea • July 31, 2016 -
Walgreens to shut down e-commerce site Drugstore.com
The drugstore chain wants to focus instead on developing new omnichannel capabilities on its own website.
By Corinne Ruff • July 29, 2016 -
Deep Dive
Retail Therapy: Convention fashion goes red, white and absurd
RNC and DNC attendees showed off their support with capes, tattoos ... and a whole bunch of buttons.
By Kelsey Lindsey • July 29, 2016 -
Columbia Sportswear logs Q2 loss, missing expectations
The outerwear retailer reported revenue of $388.7 million, a Q2 record, but still fell short of Wall Street projections.
By Daphne Howland • July 29, 2016 -
Embattled teen retailer Claire's reportedly in restructuring talks
The headwinds faced by bankrupt Aeropostale are also hitting the teen accessories retailer.
By Daphne Howland • July 29, 2016 -
Bloomberg Index: Consumer comfort stuck in holding pattern
But in good news for retailers, lower-income households are gaining confidence with their comfort level at a nine-year high.
By Daphne Howland • July 29, 2016 -
Starbucks taps Under Armour exec for creative director spot
Leanne Fremar, architect of Under Armour’s women-focused “I will what I want” campaign, will start her tenure at Starbucks with a stint as a barista.
By Daphne Howland • July 29, 2016 -
Amazon shatters Q2 expectations, posts record sales
Net sales increased 31% to $30.4 billion in the second quarter—the online retail giant’s fifth consecutive quarter in the black.
By Jason Ankeny • July 28, 2016 -
GNC shares topple as CEO resigns, guidance is suspended
Former PetSmart chairman and CEO Robert Moran was named interim CEO in the wake of Michael Archbold's exit.
By Jason Ankeny • July 28, 2016 -
Dollar General buys Walmart Express stores, to sell fresh produce
The 41 stores will allow Dollar General to offer expanded offerings like fresh meat.
By Daphne Howland • July 28, 2016 -
Cabela's misses Q2 expectations, strategic review ongoing
Total revenue increased 11.2% in the second quarter to $929.9 million, the outdoor retailer said.
By Daphne Howland • July 28, 2016 -
Sears insists Kmart is open for business after shutdown speculation
Sears Holdings turned to its official blog to refute a report that Kmart stores are in the process of liquidating inventory.
By Daphne Howland • July 28, 2016 -
States trim sales tax holidays ahead of back-to-school
Some 17 states and Puerto Rico are again offering “tax holidays,” but many have scaled back their efforts this year.
By Daphne Howland • July 28, 2016 -
UK retailers wobble under Brexit fallout
British retail sales have fallen at the fastest pace in more than four years, according to business and research organization CBI.
By Daphne Howland • July 27, 2016 -
Consumer confidence remains steady in July
Some 16.6% of consumers expect their incomes to rise, fewer than June’s 18.2%. But just 10.8% expect their income to fall, down from 11.3% a month ago.
By Daphne Howland • July 27, 2016 -
Apple confirms Indian retail plans as iPhone sales continue to sink
The computing giant posted fiscal Q3 revenue of $42.36 billion, down from $49.60 billion a year ago.
By Daphne Howland • July 27, 2016 -
Under Armour's Q2 results pummeled by Sports Authority's demise
Despite Sports Authority's bankruptcy, footwear sales surged 58% year-over-year, buoyed by demand for basketball and running shoes, while apparel sales jumped 18.9%.
By Jason Ankeny • July 26, 2016 -
Under Armour looks to bolster reach with Kohl's partnership
The retailer is also moving into FAO Schwarz's iconic flagship store in New York.
By Kelsey Lindsey • July 26, 2016 -
NRF boosts retail sales forecast for second half of 2016
Retail sales increased 4% year over year during the first half of 2016, the National Retail Federation said, and prospects are bright for the remaining six months.
By Daphne Howland • July 26, 2016