Financial News: Page
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J. Crew sales slide amid 'challenging traffic environment'
Its Madewell brand fared better, but will its flagship brand ever return to its reputation for a long-lasting, classic style?
By Daphne Howland • Sept. 1, 2016 -
Report: Nine West considers restructuring as debt reaches $1.7B
As teen apparel retailer Aeropostale struggles to keep stores open, another brand owned by private equity firm Sycamore Partners is on the brink.
By Daphne Howland • Sept. 1, 2016 -
Bankrupt Sports Authority wins fight to award senior execs $1.5M bonus
Judge Mary Walrath blocked Sports Authority's earlier proposal to distribute $2.85 million in executive bonus payouts, but reversed course Wednesday.
By Daphne Howland • Sept. 1, 2016 -
Report: Last-gasp bid could save Aeropostale from liquidation
Landlords, liquidators and licensing firm Authentic Brands Group are uniting on a surprise $243.3 million joint bid for the bankrupt teen apparel retailer.
By Jason Ankeny • Aug. 31, 2016 -
Embattled Sears brings back house paint sales, Kmart courts millennials
Four years after halting house paint sales, Sears is reintroducing its Weatherbeater exterior and Easy Living interior brands, also producing paint under the Craftsman brand for the first time.
By Daphne Howland • Aug. 31, 2016 -
Office Depot expanding FedEx shipping services to all US stores
The companies will team to offer early morning, late evening and Sunday drop-off options in many locations. Office Depot associates also will prepare packages (including shipping documents) for customers.
By Daphne Howland • Aug. 31, 2016 -
Uber poaches Target CMO
Jeff Jones joined Target in 2012 under former CEO Gregg Steinhafel, who resigned following a massive data breach.
By Daphne Howland • Aug. 31, 2016 -
Wayfair snaps up Snapchat-like startup Trumpit
Trumpit's mobile messaging app could be plugged into to Wayfair's customer support efforts to allow shoppers to exchange photos and videos with staffers.
By Dan O'Shea • Aug. 30, 2016 -
Deep Dive
Why Amazon isn't losing sleep over the Wal-Mart/Jet deal
Experts say Wal-Mart's $3.3 billion acquisition of the e-commerce phenom does not pose a serious threat to Amazon's web supremacy. But that doesn't mean Amazon is invulnerable.
By Daphne Howland • Aug. 30, 2016 -
Deep Dive
6 retailers that went bankrupt and never recovered — and lessons from their demises
Whether they missed the beat on major trends or chose the wrong investors, retailers from Borders to Mervyn's met their match
By Corinne Ruff • Aug. 30, 2016 -
Abercrombie & Fitch suffers 14th straight quarterly sales tumble
Observers question whether the teen apparel retailer's efforts to appeal to older shoppers will ever pay off.
By Daphne Howland • Aug. 30, 2016 -
J. Crew to sell women's apparel via Nordstrom
Brands like Coach and Ralph Lauren are pulling back from department stores, but after a successful partnership with its Madewell brand, J. Crew is going all in.
By Daphne Howland • Aug. 30, 2016 -
Consumer spending climbs for fourth consecutive month
Healthy spending and wage increases bode well for the third quarter and the holiday shopping season, but retailers continue to face challenges.
By Daphne Howland • Aug. 30, 2016 -
Aeropostale facing liquidation after losing Versa lifeline
With private equity firm Sycamore Partners allowed to leverage its loan to bid at auction Monday, the bankrupt teen apparel retailer has little room to maneuver.
By Daphne Howland • Aug. 29, 2016 -
Study: Macy's likely to shutter most stores in Midwest
One expert told Retail Dive the department store is likely to become a smaller chain, with strongholds in New York and the western U.S.
By Daphne Howland • Aug. 29, 2016 -
Dollar General vows aggressive pricing to boost store traffic
The dollar store retailer made it clear that it understands its place in the retail landscape: Catering to households with little wiggle room in their budgets.
By Daphne Howland • Aug. 26, 2016 -
Ulta shares fall despite Q2 earnings beat
Second quarter same-store sales rose 14.4%, and e-commerce sales increased 54.9%.
By Daphne Howland • Aug. 26, 2016 -
J.C. Penney moves in on malls as others flee
Sears and Macy’s are closing stores and exiting malls, leaving J.C. Penney in prime position to negotiate rents as landlords' most valuable anchor.
By Daphne Howland • Aug. 26, 2016 -
Amazon includes Chicago in brick-and-mortar bookstore plans
The store will be located in Southport Corridor, one of the city's most fashionable neighborhoods.
By Dan O'Shea • Aug. 25, 2016 -
Deep Dive
Why more and more retailers are outsourcing their IT
In outsourcing, retailers can experiment with a multitude of technologies to reinvent their businesses for the omnichannel era.
By Dan O'Shea • Aug. 25, 2016 -
Dollar General, Dollar Tree tumble as competition heats up
The discount retailers once seemed immune to a tough retail environment, but they’re showing increasing strain.
By Daphne Howland • Aug. 25, 2016 -
Sears losses mount in Q2, CEO to lend $300M
Same-store sales at Kmart and Sears dropped again, by 3.3% and 7% respectively, and the retailer is getting another infusion from Edward Lampert's hedge fund.
By Daphne Howland • Aug. 25, 2016 -
US trustee: Sports Authority's executive bonus plan is 'unseemly'
The bankrupt retailer insists it needs up to $1.5 million to pay executives to wind down operations, but the government watchdog says not so fast.
By Daphne Howland • Aug. 25, 2016 -
Report: New national sales tax plan set to clarify online retail rules
House Judiciary Committee Chairman Bob Goodlatte is poised to introduce a new legal framework for cross-border tax sales following years of debate on the issue.
By Dan O'Shea • Aug. 24, 2016 -
Forest City looks to downsize retail portfolio
The company, which converted to a REIT in January, announced it's shifting its focus to core urban markets and products.
By Daphne Howland • Aug. 24, 2016