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Is Target headed towards the same fate as Sears? Analysis of the discount retailer's latest numbers suggest it's possible. According to a Seeking Alpha report, Target reported a small revenue decline on Oct. 31 of last year compared with the year prior; the firm declared $73.7 billion in TTM revenue, compared with $73.81 billion the same period in 2013. While the drop is far from catastrophic, the numbers show a more troubling picture when held up against Target's top rivals. Wal-Mart, Kroger and Costco all reported multibillion-dollar revenue increases in the same period.
Stuart Weitzman's strappy sandals have graced the feet of actresses Jennifer Lawrence and Lupita Nyong'o. The Duchess of Cambridge sports his wedge heels. Now, Coach wants in on the action. Coach, the New York-based luxury fashion house, said on Tuesday that it would buy Stuart Weitzman, the maker of midrange luxury shoes, for up to $574 million in cash. Coach also said it would retain Mr. Weitzman, the company's 72-year-old executive chairman and creative director, to lead the team whose styles have been in high demand on red carpets and in stores.
Fast-food restaurant chain Chick-fil-A could well be the first retail breach to be publicly confirmed in 2015. Chick-fil-A released a public statement on Jan. 2, confirming that it's investigating a possible data breach at its restaurants. While Chick-fil-A's statement was issued on Jan. 2, the company admitted that it received a report about a potential breach on Dec. 19. After the report was received, Chick-fil-A indicated that it launched an investigation to determine what had occurred.
A national variety-store chain has started an internal investigation after learning that some St. Louis-area locations are asking customers not to wear hooded clothing. The request — outlined on signs that have been posted at some Family Dollar stores in the area — drew the attention of the St. Louis CBS affiliate KMOV, which reported that at least two criminal incidents have occurred at local stores in recent weeks.
Inside the gleaming mall here on the Sunday before Christmas, just one thing was missing: shoppers. The upbeat music of "Jingle Bell Rock" bounced off the tiles, and the smell of teriyaki chicken drifted from the food court, but only a handful of stores were open at the sprawling enclosed shopping center. A few visitors walked down the long hallways and peered through locked metal gates into vacant spaces once home to retailers like H&M, Wet Seal and Kay Jewelers.
C. Wonder, the preppy clothing and gift chain founded by billionaire Chris Burch, is closing all its stores, having failed to find a market for its kitschy mid-priced womenswear, home goods and knick-knacks. "Due to the highly competitive nature of the current retail environment, C. Wonder will be closing its remaining stores," spokesperson Daniela Maron told Forbes. "The company continues to .
China-based Wanda E-Commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Shengke Limited and Hong Kong Xu De Ren Dao E-Commerce Investment Co. Wanda E-Commerce says this quadruples its valuation to 20 billion yuan (about $3 billion). Wanda E-Commerce was founded in
Beleaguered teen retailer Wet Seal sparked a social-media firestorm among its workers after some learned that their stores were closing down with apparently little warning. Photos of handwritten signs taped up at some Wet Seal storefronts with hashtags such as #ForgetWetSeal and
According to the UK's Advertising Standards Authority (ASA), the European division of Philadelphia-based company Urban Outfitters was guilty of "irresponsible and harmful" advertising for using an image of an "unhealthily thin" model. Following an anonymous complaint, the ASA reviewed the
There are few shoes more recognizable than the Timberland yellow boot. You know the one: The high-top styling, the sturdy-looking nubuck leather, the rubber lug sole to protect feet from sheets of rain or piles of snow. But the durable boot - and the rest of Timberland's footwear and