Financial News: Page
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L Brands profit up thanks to Victoria's Secret sales
L Brands CEO Leslie H. Wexner demonstrated a fair bit of swagger while talking to investors Tuesday before the earnings report.
By Daphne Howland • Nov. 19, 2015 -
Martha Stewart leaves eBay for Amazon's Handmade marketplace
The style maven is hoping the e-retail giant’s reach and fulfillment capacity can help her comeback efforts.
By Daphne Howland • Nov. 18, 2015 -
Target boosts annual earnings forecast after profit rises
In sharp contrast to Wal-Mart, the retailer’s e-commerce sales grew 20% in the third quarter.
By Daphne Howland • Nov. 18, 2015 -
Retrieved from Walmart on April 18, 2012
Despite e-commerce efforts, Wal-Mart still struggling online
With just 3% of sales from its site, the retailer is in a pickle when it comes to prioritizing e-commerce.
By Daphne Howland • Nov. 18, 2015 -
Sales of Wal-Mart's Patti LaBelle pies skyrocket after viral video
Singer James Wright's video is not the stuff of corporate marketing, yet it's a marketer’s dream: fun and hugely effective.
By Daphne Howland • Nov. 18, 2015 -
Retailers facing an uncertain season heading into Black Friday
With decidedly mixed earnings reports, terror attacks in Paris, and changing consumer priorities, it’s hard to know what Black Friday will be like this year.
By Daphne Howland • Nov. 18, 2015 -
Surprise! Cyber Monday a big day for stores too
More than 70% of Americans plan to shop Thanksgiving weekend.
By Daphne Howland • Nov. 17, 2015 -
Wal-Mart beats profit forecasts on improved customer service
But CEO Doug McMillon said the retailer has more work to do.
By Daphne Howland • Nov. 17, 2015 -
Urban Outfitters reports record sales but misses expectations
Investors appear spooked by the company’s failure to meet growth estimates and by its restaurant acquisition plans.
By Daphne Howland • Nov. 17, 2015 -
Why Urban Outfitters is buying a pizza chain
While investors and some observers were dubious of the move, many retailers have long had eateries to keep customers in their stores.
By Daphne Howland • Nov. 17, 2015 -
Deep Dive
Does Black Friday need a makeover?
It’s not a day anymore. But even as a concept, Black Friday may no longer hold much purpose for retailers.
By Daphne Howland • Nov. 16, 2015 -
Can Saks' renovation return the department store to its glory days?
Although the move may be smart, a return to the retailer’s more glamorous approach may not matter much in this retail environment, experts say.
By Daphne Howland • Nov. 16, 2015 -
Wal-Mart workers group plans 15-day protest over wages
Black Friday protests at Wal-Mart stores have become commonplace, and will continue despite the company’s costly move to raise wages.
By Daphne Howland • Nov. 16, 2015 -
J.C. Penney maintains 'Black Friday creep' with earlier Thanksgiving opening
Opening at 3 p.m. on Thanksgiving this year, the chain will have a three-hour lead on competitors.
By Ian P. Murphy • Nov. 16, 2015 -
Nordstrom's 'ugly Hannukah sweater' sparks Internet protests
The sweater was seen as perpetuating Jewish stereotypes.
By Daphne Howland • Nov. 16, 2015 -
REI CEO's 'Ask Me Anything' on Reddit backfires
Jerry Stritzke was looking to brag about the retailer’s decision to stay closed on Black Friday, but instead heard from employees and customers complaining about its emphasis on selling memberships.
By Daphne Howland , Ian P. Murphy • Nov. 13, 2015 -
Retail sales see muted rise in October
More Americans seem to be spending their savings from lower gas prices on basics like rent and splurges like eating out.
By Daphne Howland • Nov. 13, 2015 -
J.C. Penney Q3 beats estimates but shares fall nonetheless
Investors seem to be taking a dim view of department store prospects this holiday season.
By Daphne Howland • Nov. 13, 2015 -
Nordstrom is the latest department store to stumble
Nordstrom saw shares tumble 20% after a Q3 report that badly missed estimates.
By Daphne Howland • Nov. 13, 2015 -
Even Wal-Mart will ease up on Black Friday
With deals throughout the season, the retailer joins others in making Black Friday a less meaningful day for brick-and-mortar.
By Daphne Howland • Nov. 13, 2015 -
J.C. Penney settles class-action suit over markdowns
The retailer will pay $50 million to shoppers in California.
By Ian P. Murphy • Nov. 12, 2015 -
Has Macy's no-good, very bad day made it a takeover target?
The retailer saw its shares plummet Wednesday after a “tough” Q3 report and news that it won’t spin its valuable properties into a REIT.
By Daphne Howland • Nov. 12, 2015 -
Retrieved from Target on November 12, 2015
Target, BaubleBar team up on bejeweled tech accessories
The collaboration should help Target keep the momentum that executives have said they are looking for this year.
By Daphne Howland • Nov. 12, 2015 -
Kohl's provides some relief with comeback quarter
The discount department store helped assuage some fears about the holiday retail season sparked by Macy’s quarterly report.
By Daphne Howland • Nov. 12, 2015 -
Macy's CEO: Shoppers will have a 'field day' with promotions this year
Macy’s Q3 was “tough” and the retailer will get through the holidays by being highly promotional. But, for now, no REIT, the retailer said.
By Daphne Howland • Nov. 11, 2015