Financial News: Page 330
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Shopgate promotes Biel to CEO
The mobile commerce startup is readying for a major expansion upon its imminent move to Austin, TX.
By Ian P. Murphy • Feb. 26, 2016 -
Gap hit by style and quality missteps in fourth quarter
The retailer's full-year profit forecast also underwhelmed Wall Street, with shares falling on the news.
By Daphne Howland • Feb. 26, 2016 -
Sears CEO faces down critics in annual letter
Eddie Lampert gave investors, employees, and customers a piece of his mind Thursday, calling criticism of Sears "unfair."
By Daphne Howland • Feb. 26, 2016 -
J.C. Penney delivers elusive retail success in Q4
The results show that J.C. Penney’s turnaround may have gained some momentum under new CEO Marvin Ellison.
By Daphne Howland • Feb. 26, 2016 -
AppCard attracts $20m in venture funding
The loyalty program provider is targeting smaller retailers with a mobile-enhanced system.
By Ian P. Murphy • Feb. 26, 2016 -
Kohl's to close stores, cautions of full-year sales decline
The retailer also said it would test smaller-format stores in seven U.S. cities, expand its off-price pilot, and open 12 Fila outlet stores nationwide.
By Daphne Howland • Feb. 25, 2016 -
Sears loss widens on competitive holiday season
The retailer says it will continue to scale back and focus on its Shop Your Way membership program, but cost-cutting could impede efforts to improve stores and apparel.
By Daphne Howland • Feb. 25, 2016 -
UPS adds to Deliv $28M Series B round
The same-day delivery startup is expanding its crowd-sourced, scheduled delivery services nationwide, including its partnership with Macy’s.
By Daphne Howland • Feb. 25, 2016 -
Study: Off-price stores actually help, don't hurt flagship brands
Research from the University of Texas at Dallas found that off-price stores could be a gateway to flagship stores for price-sensitive shoppers.
By Daphne Howland • Feb. 25, 2016 -
Report: Sports Authority could file for bankruptcy next month
Sports Authority, buckling under debt and missing payments, could close many of its 450 U.S. stores by then.
By Daphne Howland • Feb. 25, 2016 -
J.C. Penney to offer one-cent deals
The "Get Your Penney's Worth" campaign emphasizes store brands.
By Ian P. Murphy • Feb. 24, 2016 -
Stitch Fix readies menswear service
The company is beta testing to reveal what men want in a tech-enabled personal shopping service.
By Ian P. Murphy • Feb. 24, 2016 -
TJX credits healthy store traffic for Q4 sales, profit increases
The off-price retailer seems to be weathering the departure of longtime CEO Carol Meyrowitz just fine.
By Daphne Howland • Feb. 24, 2016 -
Target's turnaround shows progress in Q4
The retailer also posted a noticeable 34% rise in e-commerce sales, trumping Wal-Mart's 8% growth in the same quarter.
By Daphne Howland • Feb. 24, 2016 -
Ikea is finding India alluring, but difficult
India is turning retailers’ heads thanks to its favorable demographics, but the country’s local sourcing requirements are causing headaches.
By Daphne Howland • Feb. 24, 2016 -
Nielsen readies new e-commerce measurement
Product will tap actual sales data on CPG brands from retailers such as Target.
By Ian P. Murphy • Feb. 24, 2016 -
Report: Customer satisfaction with retailers dips
But there’s a story in the numbers: Those retailers with better customer service at “pain points” like checkout fared better this year.
By Daphne Howland • Feb. 24, 2016 -
Malls are getting creative as more anchors drop
The American mall is becoming more of a mixed-used, less retail-heavy place to spend time, as mall owners are forced to replace major tenants.
By Daphne Howland • Feb. 24, 2016 -
Under Armour shows off US women's gymnastics team in new ad
The 90-second spot shows the U.S. women's gymnastics team in training, day and night.
By Ian P. Murphy • Feb. 24, 2016 -
Colorado's 'Amazon tax' gets a legal thumbs up
The ruling gives Colorado the go-ahead to collect sales tax from online orders, even if a retailer has no physical store in the state.
By Daphne Howland • Feb. 23, 2016 -
Macy's reports mixed Q4 with less-than-expected sales drop
January’s cold weather helped lift the iconic retailer’s sales somewhat, but its long-term prospects remain hard to predict in a tough retail environment.
By Daphne Howland • Feb. 23, 2016 -
Lumber Liquidators takes another hit from CDC report
The CDC said it underestimated the cancer risk from substandard Chinese wood products previously offered by the retailer.
By Ian P. Murphy • Feb. 23, 2016 -
Amazon's private label clothing line is here
The retail giant has sent out notices to customers about “select clothing, shoes, jewelry, watches, and luggage sold directly by Amazon.”
By Daphne Howland • Feb. 23, 2016 -
Kit and Ace lays off 10% of headquarter staff
Kit and Ace, the next step for Lululemon founder Chip Wilson, has expanded rapidly.
By Daphne Howland • Feb. 23, 2016 -
DSW to acquire discount e-retailer Ebuys
Some analysts hailed the move but others say Ebuys’ off-price model could be a problem for DSW.
By Daphne Howland • Feb. 22, 2016