Farfetch to Go Public Amid Luxury Goods Surge
The U.K. startup has pioneered "building e-commerce marketplaces specifically catering to the luxury fashion and other luxury goods."
Internet Sales Tax Ruling Seen Boosting States
The Supreme Court decision “should provide a welcome incremental addition to state coffers" over the long term, S&P says.
PayPal Boosts PoS Solutions With iZettle Buy
iZettle's card readers fit PayPal's strategy of expanding its in-store presence and geographic reach.
Neiman Agrees to Pay $1.6M Over Data Breach
The settlement ends a three-year legal battle between the retailer and customers whose credit card information was allegedly exposed by the 2013 hack.
J.C. Penney Suffers Same-Store Sales Setback
The 0.8% drop in Q3 follows a 6.4% jump a year ago but the retailer is confident its new appliance departments will improve sales during the holiday season.
Macy’s Misses Estimates But Stock Climbs 5.6%
CEO Terry Lundgren suggested retail trends are improving and Macy's would meet expectations for its next quarter.
Lands’ End Swings to $5.76 Million Loss in Q1
The retailer's aggressive discounting helped reduce profit margins and couldn't prevent an 8.7% decline in sales.
Big Lots’ Shares Soar on 20% Jump in Q1 Profit
Comparable store sales at the deep discounter have increased for nine straight quarters, a contrast to the struggles of higher-end retailers.
Tiffany’s Sparkle Dims as Q1 Sales Drop 7%
The jeweler has been hurt by the strong dollar but analysts believe the brand is also not resonating with millennial shoppers.
Target Shares Drop 7.6% on Comp Sales Miss
Same-store sales gained 1.2% in Q1, missing analysts' estimates, and Target is expecting growth to be flat or lower in coming months.
Sport Chalet’s Owner Files Chapter 11 Petition
Vestis Retail is shuttering its Sports Chalet stores but is hoping its two other brands will continue operating under new ownership.