Financial News: Page 162
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Sears' new logo panned by customers
The rebranding campaign comes as the retailer tries to shake off years of turmoil and negative publicity.
By Ben Unglesbee • May 13, 2019 -
Chico's cold to 3rd Sycamore bid
The retailer's board said it would review the latest offer of $3.00 per share, but noted it had already turned down two previous, higher offers.
By Daphne Howland • Updated June 19, 2019 -
Is it lights out for Lord & Taylor?
America's oldest department store, for years a destination for stylish middle class women, could be about to vanish.
By Daphne Howland • May 13, 2019 -
Party City to close 45 stores
The move will free up money to open stores in potentially 200 new markets as the party supplies retailer tests new store formats and categories.
By Ben Unglesbee • May 10, 2019 -
JD profits soar as Q1 beats expectations
The company is solidifying its partnerships in China with outside retailers, including Walmart.
By Daphne Howland • May 10, 2019 -
Overstock loss narrows as 'aggressive' cost cuts continue
Executives on Thursday said they aren't intimidated by rival Wayfair or even Amazon's move to speed up Prime shipping.
By Daphne Howland • May 10, 2019 -
Walgreens wants court to toss Theranos lawsuit
The drugstore's deal with the startup is a stark reminder of the pitfalls of a hasty response to competitive pressures.
By Ben Unglesbee • May 9, 2019 -
Schick maker snags Harry's for almost $1.4B
The deal, like Unilever's purchase of Dollar Shave Club, is yet another signal that the old way of selling consumer products is on its way out.
By Daphne Howland • May 9, 2019 -
Camping World posts loss in RV, outdoor retail segment
CEO Marcus Lemonis remains focused on shifting its retail acquisitions into RV sales locations and shutting down unprofitable stores.
By Cara Salpini • May 9, 2019 -
Kate Spade helps Tapestry advance despite declines
A billion-dollar stock buy-back announced Thursday signals executives' confidence in the conglomerate's runway for growth.
By Daphne Howland • May 9, 2019 -
Walmart says Project Gigaton goals are on track
In its first environmental, social and governance report, the retailer details progress toward its goal of reducing global supply chain emissions.
By Matt Leonard • May 8, 2019 -
Deep Dive
Belk lays its 130-year legacy on the line
The department store thrived in the South for over a century. Now it's turning to a New York agency to rebrand for a new retail era.
By Daphne Howland • May 8, 2019 -
Amazon Go store in NYC is the 1st to take cash
The 12th location is taking old-fashioned currency while cities across the country consider bans on cashless stores to protect low-income shoppers.
By Ben Unglesbee • May 8, 2019 -
Office Depot lowers guidance as profits plummet
The retailer's shift to services hit a roadblock in the quarter, and the company is cutting costs to boost income.
By Daphne Howland • May 8, 2019 -
US Trade Representative confirms 25% tariff hike for Friday
Less than a week's notice on a tariff increase leaves companies with little to no time to adjust their supply chains to mitigate the financial burden.
By Shefali Kapadia • Updated May 8, 2019 -
Victoria's Secret free to trademark 'first love'
The planned name for a personal care line appears to memorialize last year's skirmish between the lingerie stalwart and online upstart ThirdLove.
By Daphne Howland • May 7, 2019 -
Walmart to open 100 in-store veterinary clinics
The retailer will also carry prescriptions for pets in its pharmacies and online.
By Kaarin Moore • May 7, 2019 -
Study: Macy's most visited website for apparel
J.C. Penney and Nordstrom round out the top three spots in the category for average monthly web traffic, according to SimilarWeb.
By Tatiana Walk-Morris • May 7, 2019 -
REI sticks with interim CEO for good
After a national search, former COO Eric Artz replaces Jerry Stritzke, who resigned in February over an undisclosed relationship.
By Daphne Howland • May 7, 2019 -
NYC, suburbs hold lead in troubled retail construction sector
While the decline of brick-and-mortar shopping led to double-digit decreases in the value of retail work under way in many cities, the New York metro region increased 4% last year, per a new report.
By Kathleen Brown • May 7, 2019 -
LVMH attorney alleges 'sham' sexual harassment investigation
The director of talent at LVMH, Louis Vuitton's parent company, allegedly dismissed the behavior as what "executives do in a French company."
By Lisa Burden • Updated May 8, 2019 -
HBC looks to sell Lord & Taylor
The iconic American department store chain's value now resides mostly in its property.
By Daphne Howland • May 6, 2019 -
Francesca's plans reverse stock split
The move is a bid to boost the retailer's stock price to regain Nasdaq compliance while it works on more fundamental challenges to its business.
By Daphne Howland • May 6, 2019 -
Eddie Bauer faces $9.8M tab for data breach
Cybersecurity continues to be an issue for retailers and customers, incurring costs to company reputations and bottom lines.
By Daphne Howland • May 6, 2019 -
Trump: Tariffs on $200B Chinese imports will rise to 25% Friday
The president made the announcement in a pair of tweets, indicating he is displeased with the timeline and pace of U.S.-China trade negotiations.
By Shefali Kapadia , Emma Cosgrove • May 6, 2019