Financial News: Page 315
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US retail sales see surprise drop as consumers remain wary
Although employment has been steady or improving, incomes still must rise for Americans to widen their wallets.
By Daphne Howland • April 13, 2016 -
Abercrombie taps J. Crew vet to help evolve image
The teen retailer is bringing on Ashley Sargent Price as its creative marketing director.
By Daphne Howland • April 13, 2016 -
Tiffany turns to Net-A-Porter to boost online sales
The upscale American jeweler is selling select items for a limited time through the upscale online retailer, but if it’s successful, expect Tiffany to stay there.
By Daphne Howland • April 13, 2016 -
Alibaba buys controlling stake of retailer Lazada for $1b
The acquisition is Alibaba’s largest foreign investment so far, and reflects Southeast Asia’s huge growth potential.
By Daphne Howland • April 12, 2016 -
Petitions call on Amazon, Nike to cut Trump ties
Activists are pressuring Amazon and Nike to follow in Macy's footsteps and distance themselves from the controversial presidential candidate.
By Daphne Howland • April 12, 2016 -
Target teams up with celebrity trainer in newest wellness push
Tracy Anderson has her critics, but the collaboration is a canny merchandising move for Target.
By Daphne Howland • April 12, 2016 -
Under Armour sinks on Spieth meltdown, Morgan Stanley downgrade
As athleisure becomes more fashion forward, sportswear retailers like Under Armour and Nike may need to produce more stylish gear to boost sales.
By Daphne Howland • April 12, 2016 -
Overstock CEO to take 'indefinite' medical leave of absence
Founder Patrick Byrne is stepping down effective immediately to focus on fighting Stage IV hepatitis C.
By Kelsey Lindsey • April 11, 2016 -
UPDATE: American Apparel lays off hundreds in Los Angeles factories
According to the LA Times, 500 employees have been laid off, and the retailer may outsource some merchandise outside of the city.
By Daphne Howland • April 11, 2016 -
Lands' End re-introduces more youthful Canvas brand
The collection looks to attract a younger and more stylish Lands' End customer.
By Daphne Howland • April 11, 2016 -
Expert: Amazon has an edge in era of minimum wage hikes
One financial blogger says Amazon is ahead of the game, but it could actually lose if its warehouses continue to be dismal places to work.
By Daphne Howland • April 11, 2016 -
Sears secures $500m loan to boost omnichannel program
The iconic retailer is leveraging its real estate assets once again as it continues its turnaround efforts.
By Daphne Howland • April 11, 2016 -
Deep Dive
Retail Therapy: Costco's No. 1 fan has the college essay to prove it
Can a love of Costco get you into five Ivy League schools? It worked for one girl.
By Kelsey Lindsey • April 8, 2016 -
Gap shares plummet following March sales nosedive
Shares fell as much as 10% in after-hours trading Thursday on yet more disappointing results for all three of Gap's brands.
By Daphne Howland • April 8, 2016 -
Kohl's ends cafe experiment after weak traffic
The two experimental cafes got great feedback but didn’t give store traffic the desired boost.
By Daphne Howland • April 8, 2016 -
Fast Retailing cuts outlook as Uniqlo sales slump
Muted results in the U.S. haven’t dampened Fast Retailing's ambitions to become the world’s largest apparel retailer, though.
By Daphne Howland • April 8, 2016 -
Victoria's Secret cuts 200 jobs, shifts away from print catalog
The lingerie brand is distancing itself from its iconic print catalog even as results exceeded expectations.
By Daphne Howland • April 7, 2016 -
H&M plans for major digital, physical expansions this year
CEO Karl-Johan Persson says the company isn’t fazed by Amazon’s recent move into apparel or the dominance of flash-sales rival Inditex.
By Daphne Howland • April 7, 2016 -
Cadillac teams with CFDA for Retail Lab store, mentorship program
The pop-up program could help bring change to ingrained fashion retail traditions.
By Daphne Howland • April 7, 2016 -
Despite digital threat, retailers opening more new stores worldwide
The idea that brick and mortar is dead seems quaint now. But there are certain realities to contend with, including rising rents and worries about the economy.
By Daphne Howland • April 6, 2016 -
UPDATE: Pacific Sunwear files for bankruptcy
The teen retailer has been struggling, finding it difficult to meet competition as inexpensive, on-trend fast-fashion retail has grown.
By Daphne Howland • April 6, 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 asks judge to toss out FTC case against Office Depot merger
The FTC’s efforts to downplay Amazon’s emerging growth in the office supplies space may have backfired.
By Daphne Howland • April 6, 2016 -
Hudson's Bay makes serious commitment to stores and expansion
The department store retailer will make significant investments in store renovations, technology, and expanding its Off 5th off-price concept.
By Daphne Howland • April 6, 2016 -
Walgreens CEO: Rite Aid acquisition on track, more deals could follow
“There is plenty more to do,” Stefano Pessina told analysts.
By Daphne Howland • April 6, 2016 -
Report: Retail rents could rise 4% in 2016, led by class-A malls, urban centers
Landlords understand that customer experience is key to retail success, so some high rents could be worth it.
By Daphne Howland • April 5, 2016