Financial News: Page 317
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Apple hits snag setting up shop in India
India has officially rejected Apple's plan to sell refurbished iPhones in the country.
By Daphne Howland • May 31, 2016 -
Deep Dive
Retail Therapy: Retailers tag along on 2 social media triumphs
'Chewbacca Mom' and Trevor the Trolley took the internet by storm this week—and two retailers profited.
By Kelsey Lindsey • May 27, 2016 -
Mall owners: Under-performing retailers to blame for current struggles
Real estate experts say that e-commerce and changing consumer tastes pose less of a threat to malls than retailers think.
By Daphne Howland • May 27, 2016 -
Abercrombie sales slide as it struggles with muted traffic
But the retailer says that consumers are now willing to pay more for better apparel, once they get into the store.
By Daphne Howland • May 27, 2016 -
Ulta crushes estimates, boosts outlook
Sales rose 23.7% during the first quarter, demonstrating the resiliency of the beauty retail category.
By Daphne Howland • May 27, 2016 -
Sears CFO to depart as company explores options for key brands
The struggling retailer is assessing ways to get more out of its still-strong Kenmore, Craftsman and DieHard brands.
By Daphne Howland • May 26, 2016 -
J. Crew's struggle continues as flagship brand falters
But the retailer's Madewell brand saw a double-digit sales increase in the first quarter.
By Daphne Howland • May 26, 2016 -
Costco misses US same-store sales growth for first time in 6 years
Sales of memberships, Costco’s primary path to profits, rose to $584 million from $561 million a year earlier.
By Daphne Howland • May 26, 2016 -
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 -
Retrieved from Target on April 20, 2016Deep 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