Financial News: Page 316
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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 -
Sports Authority settles with vendors over consignment sales
The embattled sporting goods retailer also wants to use more of its $595 million bankruptcy loan, but creditors are resisting.
By Daphne Howland • April 5, 2016 -
Groupon nabs $250m investment from Comcast-backed Atairos
The deal will team Groupon and Comcast to “identify and implement potential strategic partnership opportunities.”
By Daphne Howland • April 5, 2016 -
Macy's hires top exec to explore real estate strategies
Macy's continues to face pressure from activist investors to spin off its property holdings.
By Kelsey Lindsey • April 4, 2016 -
Staples bringing Workbar co-working spaces to stores
The move takes advantage of the gig economy and makes good use of Staples’ excess store space.
By Daphne Howland • April 4, 2016 -
Bloomingdale's joins festival pop-up craze
But the upscale retailer is keeping its pop-ups in store, unlike rivals that are setting up at the festivals themselves.
By Daphne Howland • April 4, 2016 -
Wal-Mart struggles to grow as e-commerce threat looms
The retail behemoth saw its revenue dip 0.7% year over year, its first net revenue drop in decades.
By Daphne Howland • April 4, 2016 -
Deep Dive
Retail Therapy: The 'Beyhive' cometh for Lululemon
When Lululemon threw shade at Beyoncé's new athleisure line, Beyoncé fans were not amused.
By Kelsey Lindsey • April 1, 2016 -
Retail job cuts spike 41% in Q1
Challenger Gray and Christmas reports the retail sector suffered dramatic layoffs during the month of March in particular.
By Daphne Howland • April 1, 2016 -
Target shares fall on Barclays downgrade
Target must increase its web sales to improve its performance but is missing its own goals, according to Barclays’ analysts.
By Daphne Howland • April 1, 2016 -
Deep Dive
Why retail is short on women leaders—and what retailers can do about it
Retailers have long been dependent on women consumers—so why is this key demographic underrepresented in retail leadership?
By Kelsey Lindsey • March 31, 2016 -
Lululemon strikes a confident pose in Q4, beating expectations
The retailer projected muted expectations for this year, though.
By Daphne Howland • March 31, 2016 -
Macy's slashes executive incentives to zero after disastrous 2015
CEO Terry Lundgren took a $1.1 million pay cut, down 8.6% from 2014.
By Daphne Howland • March 31, 2016 -
Analyst: Costco's new store credit card could bring new members
Details about the retailer’s switch from American Express to Visa have emerged, and some new benefits could make Costco members even stickier.
By Daphne Howland • March 31, 2016 -
NLRB files complaint against warehousing firm used by Amazon, Lowe's
California Cartage violated workers' right to organize, the complaint says.
By Ian P. Murphy • March 31, 2016 -
L.L. Bean, Amazon, Nordstrom top list for stellar customer service
Free shipping, liberal return policies, and excellent customer service in-store are the hallmarks of retailers scoring well in Prosper Analytics' annual customer service survey.
By Daphne Howland • March 30, 2016 -
Restoration Hardware stumbles on inventory snafus, tighter pursestrings
The strong dollar and other financial headwinds pose a bigger concern than shipping delays, the retailer said.
By Daphne Howland • March 30, 2016 -
Lululemon testing fashion for outside the yoga studio
Some of its new apparel seems a lot like Kit and Ace, the performance fashion retailer launched by Lululemon founder and former-CEO Chip Wilson’s family.
By Daphne Howland • March 30, 2016 -
Neiman's marketing chief calls it quits
Wanda Gierhart spearheaded the company's omnichannel efforts and its Snap.Find.Shop. visual search app.
By Ian P. Murphy • March 29, 2016 -
TreasureHunt malware strain stealing swipe payment data
Cybersecurity experts said the malware intercepts consumer credit card information from POS systems.
By Ian P. Murphy • March 29, 2016
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