Financial News: Page 399
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Abercrombie & Fitch sales fall on multiple woes
The teen retailer reported a 5.8% drop in revenue in Q2 as it struggles to compete with fast-fashion and slow mall traffic.
By Kelsey Lindsey • Aug. 28, 2014 -
Zara pulls shirt after public outcry
Many people thought the design resembled Nazi concentration camp uniforms. Yet the retailer has been down this road before, and that could be a result of its uber-fast production.
By Daphne Howland • Aug. 28, 2014 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Mall owner partners with Refinery29 for retail 'block parties'
The project is an effort to get the attention of millennials and includes a mix of local, boutique, and national brands.
By Daphne Howland • Aug. 28, 2014 -
Michaels sees sales gains
The arts and crafts retailer said it will shake off losses partly associated with its recent IPO, raising its forecast for the year.
By Daphne Howland • Aug. 28, 2014 -
Alibaba reports 46% sales increase as IPO nears
The Chinese e-commerce giant reported its second quarter earnings as it approaches its U.S. IPO, expected next month.
By Kelsey Lindsey • Aug. 27, 2014 -
Consumers shopping more online, in more categories
A new study from Nielsen finds that people are browsing online in almost every category, and that browsing leads to buying.
By Daphne Howland • Aug. 27, 2014 -
RadioShack in talks with shareholder to prevent bankruptcy
Sources say hedge fund Standard General LP is drawing up a plan to help RadioShack avoid a bankruptcy filing.
By Daphne Howland • Aug. 27, 2014 -
DSW pays a price for omni-channel efforts
The shoe retailer reported continued flat sales for the quarter, and expects them to stay that way due to investments in fulfillment and other systems.
By Daphne Howland • Aug. 27, 2014 -
Nordstrom's loyalty program drives almost half of sales
The department store’s Nordstrom Rewards members shop more often and spend more than non-members.
By Daphne Howland • Aug. 27, 2014 -
Tiffany beats expectations with strong sales
The high-end jewelry company is doing well and expects that trend to continue.
By Daphne Howland • Aug. 27, 2014 -
Deep Dive
Store brands on the top shelf
The quality of store brands has risen to the point where many consumers don’t see a difference between them and their name-brand counterparts.
By Daphne Howland • Aug. 26, 2014 -
Best Buy stymied by continued sales slump
The electronics retailer missed sales estimates for the most recent quarter and lowered its forecast for the year.
By Daphne Howland • Aug. 26, 2014 -
Wal-Mart issuing EMV credit cards
Customers with a Wal-Mart-branded MasterCard will receive the new “chip and PIN”-enabled card within weeks.
By Daphne Howland • Aug. 26, 2014 -
Amazon buys game-watching site Twitch for close to $1B
The e-retail giant reportedly beat out Google for the popular live-video site.
By Daphne Howland • Aug. 26, 2014 -
Walgreens adds its name to Duane Reade storefronts
Walgreens bought its 54-year-old rival in 2010, but is only now co-branding the drug store chains.
By Daphne Howland • Aug. 26, 2014 -
Wayfair launches office supply business
The move comes days after the retailer’s IPO filing and could give Staples and Office Depot a run for their money.
By Daphne Howland • Aug. 25, 2014 -
Report: Target malware caused more retail data breaches than first thought
The U.S. Department of Homeland Security released a report that shows the "Backoff" malware targeted more than 1,000 American businesses.
By Daphne Howland • Aug. 25, 2014 -
Tumblr to scan photos for brands
The Yahoo social network is working with Ditto Labs to extract information from posted photos.
By Daphne Howland • Aug. 22, 2014 -
Sears CEO says recent earnings 'unacceptable'
This is the ninth consecutive quarterly loss for the parent company of Sears and Kmart stores.
By Kelsey Lindsey • Aug. 21, 2014 -
Malware hits 51 UPS stores
The breach compromised personal and credit card information from some 100,000 payments made from January to August this year.
By Daphne Howland • Aug. 21, 2014 -
American Eagle Outfitters has better-than-expected Q2
The news of yet another teen apparel retailer reporting good results could bode well for the retail sector.
By Daphne Howland • Aug. 21, 2014 -
Macy's to pay $650K to settle racial profiling case
The department store follows Barney's and other retailers in settling racial profiling charges brought by New York State.
By Daphne Howland • Aug. 21, 2014 -
Family Dollar rejects Dollar General offer over antitrust fears
The dollar store chain’s board of directors unanimously rejected Dollar General’s offer and reiterated support for a merger with Dollar Tree.
By Daphne Howland • Aug. 21, 2014 -
Target profit falls 62% in Q2
The retailer also cut its full year earnings, saying that price discounting and an expansion into Canada has hurt its bottom line.
By Kelsey Lindsey • Aug. 20, 2014 -
Shipping rate hikes poised to disrupt retailers
Shipping costs could increase as much as 30% when scheduled changes from FedEx and UPS go into effect.
By Daphne Howland • Aug. 20, 2014