Financial News: Page 322
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UPDATE: Aeropostale challenges Sycamore's creditor claims in court
The bankrupt teen apparel retailer alleges that Sycamore's actions all but sealed its current fate.
By Daphne Howland • July 22, 2016 -
Nike pins hopes of rally on Rio Olympics, basketball business
The sportswear giant, beset by flat sales in North America and an inventory glut, says things are on the rebound, and analysts mostly agree.
By Daphne Howland • July 22, 2016 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
NRF: Back-to-school spending set to eclipse $75b
Total growth in K-12 back-to-school spending has risen close to 55% over the past decade.
By Daphne Howland • July 22, 2016 -
Target taps Apple supply chain vet to boost logistics
The retailer is hiring away supply chain and logistics executives from the best in the business—Apple and Amazon.
By Daphne Howland • July 21, 2016 -
Retrieved from Ebay on June 04, 2015
EBay busts expectations for second straight quarter
The marketplace site reported $2.23 billion in revenue, beating Wall Street forecasts for $2.17 billion.
By Daphne Howland • July 21, 2016 -
Unilever acquires subscription startup Dollar Shave Club for $1b
The buyout saves the startup from scrambling for funding, which has been getting more difficult.
By Daphne Howland • July 21, 2016 -
Deep Dive
Can retailers compete with off-price?
With retailers from Macy's to Kohl's going off-price, full-price stores have to figure out how to hold onto their consumers.
By Kelsey Lindsey • July 20, 2016 -
Target seeks growth in smaller, more urban stores
The retailer plans to open 14 small format stores this year starting with a location in New York to launch Wednesday.
By Daphne Howland • July 20, 2016 -
Adidas outlines turnaround amid heavy competition
The sportswear company's U.S. chief also resorted to a bit of trash-talking towards rival Under Armour's sponsored athletes.
By Daphne Howland • July 20, 2016 -
Sports Authority scrambling to close stores after bankruptcy
Store closings could wrap up a month earlier than what was previously reported.
By Daphne Howland • July 20, 2016 -
P&G challenges retailers with Tide detergent subscription service
Procter & Gamble is also rolling out Tide Spin, a smartphone app supporting on-demand laundry pickup-and-delivery services.
By Daphne Howland • July 20, 2016 -
Bankrupt Aeropostale poised to auction assets next month
“Reorganization on a standalone basis is not feasible,” Aeropostale states in court papers filed July 15.
By Daphne Howland • July 19, 2016 -
J.C. Penney, Sears battle it out for appliance sales
J.C. Penney is aggressively trying to regain market share in an area it exited decades ago, while Sears is seeking to protect one of its rare strengths.
By Daphne Howland • July 19, 2016 -
Report: US, Chinese labor groups met ahead of Wal-Mart China strikes
The two groups say they’ll continue their new relationship in an effort to boost their clout in discussions with Wal-Mart.
By Daphne Howland • July 18, 2016 -
Citigroup CEO: 'Very focused' on resolving Costco credit card fiasco
Despite months of preparation for its switch from American Express to Citi Visa, Costco has come under fire from members who didn't receive their new credit card or couldn't activate it.
By Daphne Howland • July 18, 2016 -
Report: Two-thirds of consumers shop at off-price stores
Off-price stores and outlets make up three-quarters of all apparel purchases, according to NPD Group’s Checkout Tracking.
By Daphne Howland • July 18, 2016 -
Wal-Mart loses key analytics exec to Neustar
Venkat Achanta played a major role in evolving how Wal-Mart leveraged analytics to better address changing e-commerce customer behaviors.
By Dan O'Shea • July 17, 2016 -
Deep Dive
Why did Bed Bath & Beyond buy One Kings Lane?
Things seem dire for both Bed Bath & Beyond and One Kings Lane—but it looks like they could help each other out.
By Daphne Howland • July 15, 2016 -
Core retail sales climb 0.7% in June, boosted by home and garden stores
While e-commerce and department stores enjoyed a rise in sales, apparel retailers saw sales drop.
By Daphne Howland • July 15, 2016 -
Google slammed with new EU antitrust charges over shopping search
The charges are the third set from European antitrust regulators.
By Daphne Howland • July 15, 2016 -
Cabela's stock rises on report of sale to Bass Pro Shops, Goldman Sachs
The struggling hunting gear retailer has been under pressure to sell some or all of its business.
By Daphne Howland • July 15, 2016 -
Retrieved from Ebay on June 04, 2015
Deep DiveRetail Therapy: How well do you know eBay's wacky prohibited items list?
What can and can’t be sold on the e-commerce site may surprise you. This, and more, in this week's Retail Therapy.
By Kelsey Lindsey • July 14, 2016 -
Uniqlo owner Fast Retailing trims profit outlook for third time this year
Fiscal third-quarter operating profit rose 18.6%, thanks to 41% e-commerce growth in Japan, improved results in Uniqlo's U.S. stores and strong sales in China.
By Daphne Howland • July 14, 2016 -
Sports Authority's deal with lenders allows liquidation to continue
Without the deal, stores involved would have likely shuttered and liquidation sales would have halted by Friday
By Daphne Howland • July 14, 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 pins rebound hopes on back-to-school season
Back-to-school sales this year are expected to rise 3.3% to $540 billion, according to data from research firm Customer Growth Partners.
By Daphne Howland • July 14, 2016