Financial News: Page 310
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Dollar General, Dollar Tree hold steady in Q1
The two discount retailers don't really compete with Amazon and they don't depend on apparel sales, and that helped both this quarter.
By Daphne Howland • May 26, 2016 -
Deep Dive
Should retailers take action on controversial issues?
Target's declaration that customers may use the restroom that "corresponds with their gender identity" created a national debate. But the outcry could benefit the retailer in the long run, experts say.
By Daphne Howland • May 25, 2016 -
Uniqlo still keeping a keen eye on US expansion
The Japanese retailer hasn’t given up on what CEO Tadashi Yanai says is its "most important" market.
By Daphne Howland • May 25, 2016 -
Alibaba facing SEC inquiry over accounting practices
Alibaba said it’s cooperating voluntarily with the SEC investigation, which is no indication that laws were broken.
By Daphne Howland • May 25, 2016 -
Best Buy CEO: Customer service key to battling Amazon
The electronics retailer is expanding store associate training efforts and enhancing the capabilities of its Geek Squad tech support team, CEO Hubert Joly said.
By Daphne Howland • May 25, 2016 -
Nordstrom pulls Michael Kors bag line from some stores
Many of the handbags have quality issues and are among the most returned by customers.
By Daphne Howland • May 25, 2016 -
Deep Dive
What does 'innovation' in retail look like? 8 leaders weigh in
The word 'innovation' can be buzzy—but it's also something every retailer needs to think about in this changing retail environment.
By Kelsey Lindsey • May 24, 2016 -
Activist investor Barington Capital launches proxy fight at Chico's
Barington believes that better management and more cost-cutting could unlock value in the struggling mall-based retailer.
By Daphne Howland • May 24, 2016 -
Best Buy stock sinks on soft forecast, CFO exit
The consumer electronics retailer managed to beat expectations for its first quarter results, but shares fell on disappointing guidance for the current quarter.
By Daphne Howland • May 24, 2016 -
Lands' End CMO departs as company continues to shift focus
Steven Rado arrived shortly after the retailer’s spinoff from Sears and just before Federica Marchionni came on as CEO from Dolce & Gabbana.
By Daphne Howland • May 24, 2016 -
Foot Locker misses on Q1 forecasts as basketball shoe sales dip
Chairman/CEO Richard Johnson said Foot Locker is navigating “rapidly-shifting product category preferences by our customers.”
By Daphne Howland • May 23, 2016 -
Ross stock tumbles after analysts cut price targets
The analyst firms are troubled by Ross' silence on strategy after its revenue missed in the most recent quarter.
By Daphne Howland • May 23, 2016 -
Macy's CEO vows comeback in meeting with shareholders
Terry Lundgren said that he’s not worried about expectations that Amazon will surpass Macy’s as the country’s leading apparel retailer, maintaining he’s more focused on profits.
By Daphne Howland • May 23, 2016 -
Target testing future store concepts in 25 Los Angeles locations
The pilot spotlights improvements including new lighting and displays, specialists to aid customers in departments like beauty, and dedicated stations supporting click-and-collect services.
By Daphne Howland • May 20, 2016 -
L Brands taps former Spanx CEO to lead Victoria's Secret
When longtime Victoria’s Secret CEO Sharen Turney left abruptly in February, many wondered what would be next for the brand.
By Daphne Howland • May 20, 2016 -
Gap to close 75 Old Navy, Banana Republic stores
Credit rating firm Standard & Poor’s also downgraded the company’s stock to junk status Thursday.
By Daphne Howland • May 20, 2016 -
Apple shows off revamped store design under Jony Ive
The new stores under design chief Ive feature a huge video screen, "living wall," and an even more minimalist design.
By Daphne Howland • May 20, 2016 -
Deep Dive
Retail Therapy: Can Kanye West become 'the Michael Jackson of apparel'?
Kanye's latest retail idea: Partnering with Payless to make cheap shoes that solve bullying. That, and more, in this week's Retail Therapy.
By Kelsey Lindsey • May 19, 2016 -
Dick's adds to retailer woes with Q1 slide
The sporting goods retailer also warned of a bleak second quarter.
By Daphne Howland • May 19, 2016 -
Wal-Mart wows Wall Street by beating Q1 expectations
Cost-cutting and improvements to stores are paying off at Wal-Mart, which provided one of the few bright spots in retail sales numbers this week.
By Daphne Howland • May 19, 2016 -
L Brands tops forecasts, but shares fall on trimmed outlook
The company's mainstay Victoria's Secret brand has experienced a rocky year so far, including a massive organizational restructuring.
By Kelsey Lindsey • May 19, 2016 -
Urban Outfitters sees a much-needed lift in Q1
The retailer shrugged off signs of flagging apparel sales seen elsewhere in the industry, with shares rising 10% on the news.
By Daphne Howland • May 19, 2016 -
Target shares tank after mixed earnings
CEO Brian Cornell acknowledged that things won’t get easier in coming months as the company deals with "an increasingly volatile consumer environment."
By Daphne Howland • May 18, 2016 -
Amazon planning more physical stores, beefier Prime benefits
Amazon CEO Jeff Bezos took the stage at the retailer’s shareholder meeting where he hinted at the company’s future—without divulging many details.
By Daphne Howland • May 18, 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 beats expectations as it pivots from failed merger
Cost-cutting and recovery in its commercial office supplies business helped lift Staples in the first quarter.
By Daphne Howland • May 18, 2016