Financial News: Page 307
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Hudson's Bay sales rise 60% on European expansion, Gilt acquisition
The Saks Fifth Avenue parent nevertheless said that fiscal year 2016 sales would "trend towards the bottom end" of its previously estimated range.
By Daphne Howland • Sept. 7, 2016 -
Reorganized Pacific Sunwear exits bankruptcy on firmer ground
Private equity firm Golden Gate Capital will own the teen apparel retailer and help guide its turnaround.
By Daphne Howland • Sept. 7, 2016 -
Amazon exempting existing sellers from new brand gating fees
Charges implemented to curb sales of counterfeits on Amazon Marketplace apply only to new sellers of certain brands, the e-commerce giant said.
By Daphne Howland • Sept. 6, 2016 -
Report: Amazon lands one of eBay's top AI execs
Hassan Sawaf set up eBay's cognitive computing group and led its efforts to enable context translations for shoppers searching in foreign languages.
By Dan O'Shea • Sept. 5, 2016 -
Report: US job growth slows in August, retail holds steady
Wage gains slipped in August, but are outpacing inflation, which could benefit retail sales.
By Daphne Howland • Sept. 2, 2016 -
Aeropostale back from the brink after $243M consortium bid wins auction
Landlords, liquidators and a licensing company combined to beat back a bid from PE firm Sycamore Partners, whose liquidation plans would have doomed the teen apparel retailer to the scrap heap of history.
By Daphne Howland • Sept. 2, 2016 -
Lululemon falls on muted outlook, shrinking athleisure demand
The athletic apparel retailer posted strong Q2 revenue and sales, but investors see trouble ahead in the athleisure category it pioneered.
By Daphne Howland • Sept. 2, 2016 -
Wal-Mart slashes 7,000 back office jobs
The accounting and invoicing positions on the chopping block are held primarily by long-term employees who are among the retail giant’s highest-paid hourly workers.
By Jason Ankeny • Sept. 1, 2016 -
Costco shares fall after same-store sales flatten
But an uptick in August traffic is encouraging, especially considering the warehouse retailer's ongoing credit card rollout debacle.
By Daphne Howland • Sept. 1, 2016 -
J. Crew sales slide amid 'challenging traffic environment'
Its Madewell brand fared better, but will its flagship brand ever return to its reputation for a long-lasting, classic style?
By Daphne Howland • Sept. 1, 2016 -
Report: Nine West considers restructuring as debt reaches $1.7B
As teen apparel retailer Aeropostale struggles to keep stores open, another brand owned by private equity firm Sycamore Partners is on the brink.
By Daphne Howland • Sept. 1, 2016 -
Bankrupt Sports Authority wins fight to award senior execs $1.5M bonus
Judge Mary Walrath blocked Sports Authority's earlier proposal to distribute $2.85 million in executive bonus payouts, but reversed course Wednesday.
By Daphne Howland • Sept. 1, 2016 -
Report: Last-gasp bid could save Aeropostale from liquidation
Landlords, liquidators and licensing firm Authentic Brands Group are uniting on a surprise $243.3 million joint bid for the bankrupt teen apparel retailer.
By Jason Ankeny • Aug. 31, 2016 -
Embattled Sears brings back house paint sales, Kmart courts millennials
Four years after halting house paint sales, Sears is reintroducing its Weatherbeater exterior and Easy Living interior brands, also producing paint under the Craftsman brand for the first time.
By Daphne Howland • Aug. 31, 2016 -
Office Depot expanding FedEx shipping services to all US stores
The companies will team to offer early morning, late evening and Sunday drop-off options in many locations. Office Depot associates also will prepare packages (including shipping documents) for customers.
By Daphne Howland • Aug. 31, 2016 -
Uber poaches Target CMO
Jeff Jones joined Target in 2012 under former CEO Gregg Steinhafel, who resigned following a massive data breach.
By Daphne Howland • Aug. 31, 2016 -
Wayfair snaps up Snapchat-like startup Trumpit
Trumpit's mobile messaging app could be plugged into to Wayfair's customer support efforts to allow shoppers to exchange photos and videos with staffers.
By Dan O'Shea • Aug. 30, 2016 -
Deep Dive
Why Amazon isn't losing sleep over the Wal-Mart/Jet deal
Experts say Wal-Mart's $3.3 billion acquisition of the e-commerce phenom does not pose a serious threat to Amazon's web supremacy. But that doesn't mean Amazon is invulnerable.
By Daphne Howland • Aug. 30, 2016 -
Deep Dive
6 retailers that went bankrupt and never recovered — and lessons from their demises
Whether they missed the beat on major trends or chose the wrong investors, retailers from Borders to Mervyn's met their match
By Corinne Ruff • Aug. 30, 2016 -
Abercrombie & Fitch suffers 14th straight quarterly sales tumble
Observers question whether the teen apparel retailer's efforts to appeal to older shoppers will ever pay off.
By Daphne Howland • Aug. 30, 2016 -
J. Crew to sell women's apparel via Nordstrom
Brands like Coach and Ralph Lauren are pulling back from department stores, but after a successful partnership with its Madewell brand, J. Crew is going all in.
By Daphne Howland • Aug. 30, 2016 -
Consumer spending climbs for fourth consecutive month
Healthy spending and wage increases bode well for the third quarter and the holiday shopping season, but retailers continue to face challenges.
By Daphne Howland • Aug. 30, 2016 -
Aeropostale facing liquidation after losing Versa lifeline
With private equity firm Sycamore Partners allowed to leverage its loan to bid at auction Monday, the bankrupt teen apparel retailer has little room to maneuver.
By Daphne Howland • Aug. 29, 2016 -
Study: Macy's likely to shutter most stores in Midwest
One expert told Retail Dive the department store is likely to become a smaller chain, with strongholds in New York and the western U.S.
By Daphne Howland • Aug. 29, 2016 -
Dollar General vows aggressive pricing to boost store traffic
The dollar store retailer made it clear that it understands its place in the retail landscape: Catering to households with little wiggle room in their budgets.
By Daphne Howland • Aug. 26, 2016