Can Big Retailers Be Saved?
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
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.