Financial News: Page
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Reports: January retail sales rise 0.4%, analysts warn volatile year ahead
"The sector is in for another choppy year,” cautions GlobalData Retail Managing Director Neil Saunders.
By Daphne Howland • Feb. 16, 2017 -
Wal-Mart sued over questions of private label craft beer authenticity
The suit alleges that the retailer intended to deceive customers into buying a higher-priced product they think is craft beer produced by a small U.S. brewer.
By Dan O'Shea • Feb. 15, 2017 -
Retail CEOs sit down with President Trump on border tax
The immediate reaction from executives like Target's Brian Cornell and AutoZone's Bill Rhodes was positive, said a RILA spokeswoman.
By Corinne Ruff • Feb. 15, 2017 -
Wal-Mart lands online outdoor retailer Moosejaw for $51M
The world’s largest retailer continues gobbling up online merchants in its ongoing quest to resuscitate its flagging e-commerce efforts.
By Jason Ankeny • Feb. 15, 2017 -
J. Crew rejuvenates merchandise with party dress collection
The brand in trying to revamp its clothing lines with the help of lead womenswear designer Somsack Sikhounmuong, despite mounting debt and legal problems.
By Daphne Howland • Feb. 15, 2017 -
Amazon filing hints Prime members top 65M worldwide
A 10-K filing with the Securities and Exchange Commission reveals that sales of Amazon's retail subscription services (including worldwide annual and monthly fees from its Prime membership program) reached $6.4 billion in 2016.
By Daphne Howland • Feb. 15, 2017 -
Deep Dive
Is Trump's attack on Nordstrom fair or foul?
Everyone is talking about President Trump's skirmish with Nordstrom over its decision to halt sales of Ivanka Trump's merchandise line. Ten retail experts share their perspective on the controversy.
By Jason Ankeny • Feb. 15, 2017 -
BJ's Wholesale reportedly prepping for sale or IPO
Private equity owners acquired the warehouse retailer in 2011, took it private and paid investors dividends several times since. It appears the time is ripe for them to cash out.
By Daphne Howland • Feb. 15, 2017 -
American Girl releases first American boy doll 'Logan'
The brand's owner Mattel has also inked a major deal with Alibaba to sell in China and develop state-of-the-art educational toys for the Chinese market.
By Daphne Howland • Feb. 15, 2017 -
Retail chiefs heading to Capitol Hill for border tax fight
Executives from Target, Best Buy, Gap, AutoZone and others will meet with members of Congress and their staff, though it’s not clear whether they’ll also head to the White House.
By Daphne Howland • Feb. 14, 2017 -
Investor sues Under Armour for misrepresenting sales, growth
A lawsuit filed in Maryland says the athletic apparel company made false or misleading statements that have resulted in losses for shareholders.
By Daphne Howland • Feb. 14, 2017 -
Women's apparel chain J.Jill files for IPO
In a rare positive move for specialty apparel retail, the chain is returning to Wall Street after years in turnaround under private equity ownership.
By Daphne Howland • Feb. 13, 2017 -
Neiman Marcus turning to plus-size fashion at off-price stores
The struggling upscale department store is testing out shop-within-shop boutiques with a range of larger sizes to capture an under-served market.
By Daphne Howland • Feb. 13, 2017 -
Sears, Kmart join retailers in dropping Trump brands
The retailers will cease e-commerce sales of 31 items in the “Trump Home” collections, following similar moves by Nordstrom, Belk and T.J. Maxx.
By Daphne Howland • Feb. 13, 2017 -
Report: Payless could shutter up to 1,000 stores
The no-frills shoe company is the latest retailer to stumble under a debt load heaped on by its private equity owners.
By Daphne Howland • Feb. 13, 2017 -
Sears restructures, vows to wipe out $1B in costs
The fading retailer pledged to simplify its organizational structure, consolidate corporate and support functions across Sears and Kmart, and boost pricing, sourcing, supply chain and inventory management efficiencies.
By Jason Ankeny • Feb. 10, 2017 -
Alibaba fighting 'false' intellectual property claims
A Chinese intellectual property enforcement agency is abusing Alibaba's counterfeit notice-takedown system with fraudulent and malicious complaints, the e-commerce giant contends.
By Daphne Howland • Feb. 10, 2017 -
Sears settles shareholder lawsuit for $40M
The payment will accrue to Sears, and CEO Eddie Lampert, whose real estate dealings were the subject of the suit, stands to benefit.
By Daphne Howland • Feb. 10, 2017 -
L.L. Bean rethinking signature shipping, returns policy
The retailer is contemplating major changes that could impact its brand, including revoking the return and shipping policies that have given the company a glow of friendly customer service.
By Daphne Howland • Feb. 10, 2017 -
Lands' End writing down Canvas line, impairing its brand
The struggling apparel retailer hoped the relaunched Canvas brand would attract new, younger customers and bring back core customers who moved on.
By Daphne Howland • Feb. 9, 2017 -
Deep Dive
Techstars Q&A: How startups can accelerate retail innovation
The retail industry faces transformation. Ryan Broshar, head of the Techstars startup accelerator with Target, thinks startups could be the answer.
By Corinne Ruff • Feb. 9, 2017 -
Strong CVS pharmacy results belie retail weakness
The drugstore chain is in danger of falling behind rivals that are beefing up their retail operations, warns GlobalData Retail.
By Daphne Howland • Feb. 9, 2017 -
NRF forecasts 2017 retail sales growth, but border tax could wreak havoc
NRF Chief Economist Jack Kleinhenz warned that drastic policy changes could undermine consumer confidence and called for clarity that would help both consumers and businesses.
By Daphne Howland • Feb. 9, 2017 -
Nordstrom rises after Trump blasts decision to drop daughter's merchandise line
The department store retailer reiterated that it’s dropping Ivanka Trump-branded merchandise due to performance, not politics.
By Daphne Howland • Feb. 9, 2017 -
BCBG preparing for possible Chapter 11 filing
The upscale retailer is closing 120 stores, mostly in the U.S., and holding liquidation sales.
By Daphne Howland • Feb. 8, 2017