Financial News: Page 337
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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 -
Circuit City has plans for a comeback
The electronics retailer will retain its familiar white and red logo, but little else from its ill-fated past.
By Daphne Howland • Jan. 28, 2016 -
Retrieved from Ebay on August 01, 2014
EBay doesn't move the needle much in Q4
EBay’s performance validates the move to spin off PayPal, which the company had resisted for months before eventually relenting.
By Daphne Howland • Jan. 28, 2016 -
Alibaba beats estimates with strong holiday sales
But the company could still face headwinds if Chinese consumer spending slows as many expect.
By Daphne Howland • Jan. 28, 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 shaking up exec teams, reportedly laying off 'hundreds'
The office supplies retailer announced the executive shuffle, but won’t confirm reports of job cuts.
By Daphne Howland • Jan. 27, 2016 -
American consumer sentiment remains steady
But there were enough contradictions in the Conference Board’s report to indicate that consumers’ iffy attitude toward spending could continue this year.
By Daphne Howland • Jan. 27, 2016 -
Major U.S. trucking companies not worried about Amazon
Swift Transportation and Covenant Transportation, the country’s largest trucking companies, dismissed the idea that Amazon’s own trucking operations would hurt business, saying there’s plenty of demand to go around.
By Daphne Howland • Jan. 27, 2016 -
Apple beats profit expectations, but forecast draws concern
The company can no longer expect heady sales in China and hasn’t unveiled a new device in a while.
By Daphne Howland • Jan. 27, 2016 -
Coach's pivot from discounts brings optimistic results
The legacy accessories company had fallen from its upscale perch, thanks in part to a focus on outlet stores. But its Q2 report shows it may be digging itself out.
By Daphne Howland • Jan. 27, 2016 -
Deep Dive
Who is the new Wal-Mart customer?
Accomplishing Wal-Mart's goal to appeal to a wealthier shopper may mean going against the company's very-ingrained corporate culture.
By Daphne Howland • Jan. 26, 2016 -
WSJ: Falling bond prices a bad sign for retailers
The long-term prospects for turnarounds at some retailers are dimming, spelling trouble for them and their backers.
By Daphne Howland • Jan. 26, 2016 -
Some retailers could see sales lift, despite $850M hit from Jonas
Most of the economic fallout wasn’t felt by retailers so much as by venues like restaurants, theaters, and hotels.
By Daphne Howland • Jan. 26, 2016