Financial News: Page 330
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J.C. Penney mulling sale of HQ as it looks to trim costs
In this robust real estate market, many retailers are increasingly under pressure to extract value from their property portfolios.
By Daphne Howland • Feb. 5, 2016 -
Instagram unveils first 60-second ad
The platform boosts maximum video length for advertisers.
By Ian P. Murphy • Feb. 5, 2016 -
Wal-Mart to run more of its own gas stations
The retailer, which recently announced a shift in its store footprint, aims to capture sales from fuel and traditional convenient-store items.
By Daphne Howland • Feb. 5, 2016 -
Nasty Gal lays off 10% of staff in 'strategic restructuring'
The move comes a year after Nasty Gal founder Sophia Amoruso handed over the CEO position to her number two, Sheree Waterson.
By Daphne Howland • Feb. 5, 2016 -
Report: Sports Authority is preparing for bankruptcy
The embattled retailer is trying to stave off a filing through negotiations with bondholders.
By Daphne Howland • Feb. 5, 2016 -
Kohl's lowers forecast in the midst of turnaround
The retailer greatly boosted its Q4 web sales and is seeing traction with its omnichannel efforts, but missed expectations nonetheless.
By Daphne Howland • Feb. 5, 2016 -
Deep Dive
Why brick-and-mortar stores make sense for Amazon
Reports that the e-retail giant is planning to greatly expand its brick-and-mortar footprint are indicative of a larger trend in retail.
By Kelsey Lindsey • Feb. 4, 2016 -
Fire erupts at H&M, J.C. Penney factory in Bangladesh
The early morning fire shows that not much has improved since 2013’s deadly Rana Plaza collapse, worker advocates say.
By Daphne Howland • Feb. 4, 2016 -
Home Depot keeps seasonal spring hiring steady with 80,000-plus hires
The home improvement retailer has taken on the same number of seasonal workers since 2013, while rival Lowe’s is expanding.
By Daphne Howland • Feb. 4, 2016 -
Wal-Mart sues Puerto Rico over new tax hike
The retailer is a major employer and retailer on the island and says it’s being singled out for a windfall to help the government’s precarious finances.
By Daphne Howland • Feb. 4, 2016 -
Michael Kors may have found a sweet spot in the luxury market
The luxury retailer said that same-store sales fell 0.9% in the most recent quarter, a lift from tumbling fortunes of the past three quarters.
By Daphne Howland • Feb. 3, 2016 -
Coach to open swanky Fifth Avenue flagship
There may not be a better sign that Coach is back as a luxury brand than these plans for new digs in one of Manhattan’s most expensive retail areas.
By Daphne Howland • Feb. 3, 2016 -
Report: China is still a growth story for retailers
Reuters took a close look at 34 foreign companies with direct investments in China, and reiterates that business will remain good, at least for consumer-facing companies.
By Daphne Howland • Feb. 3, 2016 -
Bra-fitting startup ThirdLove announces $8M in funding, expansion plans
ThirdLove’s app puts the selfie to good use with its technology that looks to solve one of women’s most frustrating problems.
By Daphne Howland • Feb. 3, 2016 -
Lowe's to accelerate Canadian expansion with $2.3B Rona acquisition
There’s been talk of a Lowe’s-Rona merger for years, but in 2012 the Canadian retailer shook off Lowe's advances.
By Daphne Howland • Feb. 3, 2016 -
UPDATE: Amazon reportedly planning 300-400 physical bookstores
The retailer opened its first physical bookstore in Seattle a couple months ago.
By Kelsey Lindsey • Feb. 2, 2016 -
Losses mount for American Apparel as exit plan is finalized
Meanwhile, founder Dov Charney and his backers, after failing to take back the retailer, say they plan to forge a new, remarkably similar one.
By Daphne Howland • Feb. 2, 2016 -
Consumer spending flat in December while savings hit 3-year high
But the outlook may be okay, considering that this increase in savings could help fuel spending later in the year.
By Daphne Howland • Feb. 2, 2016 -
Macy's mixes up executive ranks with two new spots
The retailer has hired from the outside to take on new digital and innovation efforts.
By Daphne Howland • Feb. 2, 2016 -
Birchbox trims 15% of staff, halts Canadian operations
The moves come at a time when talk of a tech bubble burst heats up.
By Daphne Howland • Feb. 1, 2016 -
Nordstrom to open second Manhattan store
A smaller store near its planned flagship at Central Park Tower could help the company compete in the city's intensifying luxury market.
By Daphne Howland • Feb. 1, 2016 -
Under Armour calms investor fears with strong Q4
With typical swagger, CEO Kevin Plank promised that the company’s 20th birthday this year will include more impressive results.
By Daphne Howland • Jan. 29, 2016 -
Etsy store opens at Macy's Herald Square flagship
But does the move enhance the artisanal marketplace’s reputation for unique handmade goods, or hurt it?
By Daphne Howland • Jan. 29, 2016 -
H&M will open 425 new stores this year
But the company announced muted expectations for the first quarter this year, in part because of the strong dollar.
By Daphne Howland • Jan. 29, 2016 -
Amazon posts 22% sales growth in its most profitable quarter yet
Despite impressive growth during an otherwise tepid holiday season for many retailers, the results still fell short of analyst expectations.
By Daphne Howland • Jan. 29, 2016