Financial News: Page
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Home Depot sees steady sales growth, thanks to housing tailwind
Mostly sheltered from Amazon and privy to a favorable housing market, the home improvement retailer reached its highest net earnings results in company history.
By Daphne Howland • Aug. 16, 2016 -
UPS CEO predicts TPP deal will increase US exports by 20%
With President Obama announcing late last week that the TPP is headed to Congress, UPS CEO David Abney said the deal would benefit small to medium-sized American businesses in particular.
By Daphne Howland • Aug. 16, 2016 -
Agile Network bolsters e-commerce supply chain with Ajillus acquisition
The deal comes as the retail supply chain is becoming increasingly complex, with the industry now offering an abundance of shipping pricing models and a rising number of delivery options.
By Dan O'Shea • Aug. 15, 2016 -
Deep Dive
Ikea wants to go upscale, but do the pieces fit?
The Swedish retailer says it's ready to boost the quality of its inexpensive, notoriously hard-to-assemble furniture. But it runs the risk of alienating its budget-minded fans.
By Daphne Howland • Aug. 15, 2016 -
Report: Developer bids on J.C. Penney's Dallas campus
Sam Ware, CEO of Dallas-based Dreien Opportunity Partners LLC, is bidding for the campus and has agreed to lease back some 1.2 million square feet to the retailer.
By Daphne Howland • Aug. 15, 2016 -
Report: Home improvement retailers immune to the 'Amazon effect'
Many homeowners see home improvement spending as an investment and prefer to browse products in-store.
By Daphne Howland • Aug. 15, 2016 -
Claire's looks to unload heavy debt
The struggling teen accessories retailer is working on a plan to restructure its debt, but CFO J. Per Brodin won't stick around to see it through.
By Daphne Howland • Aug. 15, 2016 -
July retail sales growth unexpectedly flattens
Retail sales came in at a seasonally adjusted $457.73 billion, virtually unchanged month over month but up 1.9 % from July 2015.
By Daphne Howland • Aug. 12, 2016 -
J.C. Penney narrows losses, but shares fall
The discount department store has defied expectations in its turnaround, but its second quarter was a mixed bag.
By Daphne Howland • Aug. 12, 2016 -
Under Armour snags Amazon vet as new CMO
Andy Donkin was instrumental in the ideation, development and production of Amazon's Prime, Fire TV, Kindle and Echo efforts.
By Daphne Howland • Aug. 11, 2016 -
Report: Retail job cuts surge in July
Retailers are among the top five U.S. industries cutting the highest number of jobs midway through the year.
By Daphne Howland • Aug. 11, 2016 -
Nordstrom tops expectations, buoyed by Rack unit growth
Off-price Nordstrom Rack stores, the Rack website and flash-sales site HauteLook logged an 11.2% net sales increase and same-store sales growth of 5.3% during the second quarter.
By Daphne Howland • Aug. 11, 2016 -
Adidas expands manufacturing to US via robot-staffed Atlanta factory
The so-called Speedfactory, the athletic apparel and footwear retailer’s first U.S. production facility, leverages innovations in manufacturing technology that enable Adidas to respond more quickly to consumer demand.
By Corinne Ruff • Aug. 11, 2016 -
Deep Dive
Why is Target once again selling Amazon devices?
Four years after Target booted Amazon-branded e-readers and tablets from its shelves, the devices are back. Eight experts share their takes on the about-face.
By Jason Ankeny • Aug. 11, 2016 -
Kohl's sees ray of hope in second quarter
The retailer's profits plummeted 87% in the first quarter of 2016, but its Q2 results signal it's on the comeback trail.
By Daphne Howland • Aug. 11, 2016 -
Macy's to shutter 100 stores, stock soars
The department store chain also pledged to "heighten" its brand with exclusive products and an upgraded shopping experience.
By Daphne Howland • Aug. 11, 2016 -
Michael Kors calls halt to department store discounts, citing brand damage
"It's creating confusion in the consumers' mind relative to the value of the Michael Kors brand when it's being seen so often on sale in so many different places," CEO John Idol said.
By Daphne Howland • Aug. 11, 2016 -
Alibaba's June growth shatters analyst expectations
The Chinese e-commerce goliath reported its highest growth rate since its 2014 initial public offering.
By Daphne Howland • Aug. 11, 2016 -
Ralph Lauren reports loss, but beats expectations
The fashion house said that its "Way Forward" turnaround plan is already bearing fruit.
By Daphne Howland • Aug. 10, 2016 -
Coach exiting 250 North American department stores
The move is part of the luxury retailer's ongoing effort to cut down on promotions and sell at higher price points.
By Daphne Howland • Aug. 10, 2016 -
Wal-Mart vows no job cuts at Jet, Hayneedle after acquisition
Online home furnishings retailer Hayneedle and startup Jet will continue to exist as stand-alone units.
By Daphne Howland • Aug. 10, 2016 -
Deep Dive
Why Wal-Mart is a retail sustainability leader (but doesn't really want to talk about it)
The retail giant boasts an impressive sustainability record, but the company is strictly business about its accomplishments — for good reason, experts say.
By Kelsey Lindsey • Aug. 9, 2016 -
Wayfair falls on wider-than-expected Q2 loss
The online home furnishing retailer reported total Q2 net revenue of $787 million, up from $492 million for the same period last year.
By Daphne Howland • Aug. 9, 2016 -
Coach's shift from off-price continues to pay off
Coach's North American same-store sales rose 2% in its fiscal fourth quarter, and net sales for its Stuart Weitzman brand totaled $84 million.
By Daphne Howland • Aug. 9, 2016 -
Aeropostale gains court approval to pursue Versa bid
If Versa’s Capital Fund III unit prevails at auction, some 500 Aeropostale stores would remain open, saving thousands of jobs.
By Daphne Howland • Aug. 9, 2016