financial news

Optimove Raises $20 Million In Debut Funding Round

Led by Israel Growth Partners, customer retention platform provider Optimove has raised $20 million in its first funding round since its founding in…

As A&F Sales Continue To Dip, Brand Repositioning Is Next Move

Abercrombie & Fitch has posted its 14th straight quarter of sales declines, leading the retailer to scale down its expectations for comparable…

Dollar Stores Play Catch-Up With Walmart On Pricing, But Need To Do More

In the battle for low prices, it appears the biggest competition for discount stores Dollar Tree and Dollar General is not each…

JDA Procures $570 Million Equity Investment, Avoids Sale To Honeywell

JDA Software has completed an agreement with Blackstone and its majority owner New Mountain Capital for the private equity firms to invest…

Bon-Ton Can’t Escape Department Store Doldrums

Slow sales have continued to hamper the majority of department stores in 2016, and it appears Bon-Ton is as vulnerable to these…

Walmart Delivers Promising E-Commerce Bounceback In Q2

On the heels of its $3.3 billion acquisition of Jet.com, Walmart released its Q2 earnings report, showing a comparable store sales increase…

Department Store Drama Dominates Q2; Are More Store Closings In The Cards?

A disappointing Q1 for department stores kept all eyes on a select few retailers throughout Q2. Although the major department stores managed…

Macy’s Closing 100 Stores As Sales Decline For Sixth Straight Quarter

Macy’s is shuttering 100 stores, or approximately 15% of its store base, as it seeks to reposition its struggling brand in the…

Ralph Lauren, Michael Kors Fall Victim To Wholesale Luxury Blues

UPDATE: Michael Kors will no longer participate in department store promotional sales as of February 2017, according to John Idol, Chairman, CEO and Director…

Coach Dials Back Department Store Presence As Full-Year Income Jumps 14%

Coach is seeing the fruits of its labor two years after beginning its brand transformation, generating positive revenue and income results and…

DynamicAction Secures $15 Million In Funding, Partners With Accenture

DynamicAction, a data analytics solution provider for retail merchandisers, has secured $15 million in a Series B funding round led by Accenture…

Office Depot Set To Close 300 More Stores But Increase New Format Locations

Fewer stores overall but more small, highly curated “stores of the future” are in the works for Office Depot. The retailer will…

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