Tag: finance

August 22, 2023

Digital payment solutions are changing the retail industry at a rapid rate. Consumers’ growing desire for fast, convenient transactions means retailers can no longer solely rely on traditional payment methods—even when it comes to in-store purchases and transactions.  FIS Global […]

October 19, 2022

The Federal Reserve and the U.S. government are continuing to implement policy measures in an effort to curb inflation, raising rates by another 75 basis points in September. While inflation has been steadily slowing, the reality is that consumers will […]

August 4, 2022

High street retailer Next has revealed its online shopping has grounded to a halt, whilst in-store retail has had a “renaissance”. As retail sales recovered from the Covid-19 pandemic, online growth reverted back to its longer term trajectory, the retailer […]

February 28, 2018

In a business climate where optimizing cash flow, lengthening payment terms and preserving financial assets have become strategic imperatives for most companies, supply chain, or supplier, finance is gaining in popularity across the global supply chain. Through a “reverse factoring” […]

August 28, 2017

Big Lots topped Street estimates in its second quarter as shoppers continue to seek out bargains. Net income rose 28.2 % to $29.1 million, or $0.67 per diluted share, in the quarter ended July 29, 2017, from adjusted income of […]

August 14, 2017

Liquidation efforts took a toll on J.C. Penney in its second quarter, which reported earnings and same-store sales below estimates. Penney’s net loss widened to $62 million in the quarter ended July 29, or 20 cents per share, from $56 […]

July 31, 2017

Staples met the first requirement on its road back to private ownership. The office supplies giant, which is being acquired by private equity firm Sycamore Partners, has been granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements […]

July 28, 2017

A German discount grocer is buying up land in the Grand Canyon State — but not to open stores. Aldi is planning to open a regional fulfillment center in Goodyear, Arizona. The facility will house an office and distribution center, […]

July 28, 2017

Amazon’s Prime Day may have boosted the company’s second quarter sales, but the event wasn’t enough to keep its earnings on track. The online giant’s net income for the second quarter, ended June 30, was $197 million, or $0.40 per […]

July 26, 2017

Michael Kors expects its newest acquisition to give it a stronger hold in the luxury sector. The brand, which built its reputation on lines of high-end apparel, handbags, shoes and fashion accessories, has acquired luxury shoemaker Jimmy Choo for approximately […]

July 13, 2017

Revenue is great, engagement is critical, but the ultimate measure of any business is profitability. Every year Apparel examines the profit margin of the top apparel manufacturers and retailers and ranks the top 50 in its annual Apparel 50 report. The report reveals some […]

July 12, 2017

Is True Value on the block? A Bloomberg report on Monday had the industry talking, raising the prospect of a sale for True Value Company. According to sources who spoke to Bloomberg and asked not to be identified, the co-op is currently in talks with […]

June 30, 2017

The drug store industry awoke Thursday morning to arguably the biggest story of the year — the news that Walgreens and Rite Aid had agreed to scrap their original merger agreement one more time, this time in favor of a […]

June 30, 2017

Pier I Imports reduced its loss in the first quarter amid a boost in its gross margin and other operational improvements. Pier 1 reported its first-quarter loss narrowed to $3 million, or 4 cents a share, from $6 million, or […]

June 26, 2017

Holland & Barrett has been sold to investment firm, L1 Retail, for $1.8 billion. L1 Retail is owned by Russion billionaire, Mikhail Fridman. The retail division is headed up by Stephan DuCharme who is also head of X5’s supervisory board, […]

June 21, 2017

The ink is barely dry on Amazon’s acquisition of Whole Foods Markets, yet the natural grocer’s CEO implied that “big ideas” are already in the works. During a town hall meeting for employees on Friday following the announcement that Amazon […]

June 20, 2017

ululemon athletica is thinking outside its core athleisure category. The retailer has acquired a minority stake in, and entered into a strategic partnership with, 7mesh Industries Inc., an emerging Canadian brand that sells higher-end cycling apparel for men and women. […]

June 15, 2017

Cautious consumers kept spending in check in May. Retail sales in May were essentially unchanged on a seasonally adjusted basis after an upwardly revised gain of 0.6% in April, according to the National Retail Federation. The NRF numbers exclude automobiles, […]

June 14, 2017

Amazon is giving shoppers another reason to sign up for Prime—and a reason not to use credit cards. The online giant is launching a new program, called Amazon Prime Reload, that allows Prime members to earn 2% bonus every time […]

June 2, 2017

Lululemon beat expectations on both its top and bottom line in its latest quarter, saying that business has picked up after a slow start to the year. The Vancouver-based yoga retailer also said it would shutter most of its ivivva girl’s […]