Coverage: Walmart’s profit slips ahead of holidays
With holiday shopping in full swing, the world’s largest retailer Walmart is gearing up for its biggest time of the year. The Arkansas company posted its latest quarterly earnings Tuesday, and despite a growth in U.S. sales, profits for the retail giant slipped 11 percent. Sarah Nassauer of The Wall Street Journal summed up the […]
Coverage: Macy’s posts another disappointing quarter
It was another rough quarter for Macy’s and shares plunged 14 percent as a result, but the store known for its Thanksgiving Day parade and star logo might not be done yet. Nandita Bose and Sruthi Ramakrishnan of Reuters detailed the overall problems of the retail industry: Warm weather, low spending by tourists and a pileup […]
Register-Guard seeks business reporter
The Register-Guard in Eugene, Ore., seeks a skilled business reporter to cover retail, economic development and general assignment business news. The successful candidate will produce a high volume of hard news and news-feature articles for Page One and the metro and business sections of our daily print newspaper and for our website, registerguard.com. The ideal […]
Coverage: American Apparel files for Chapter 11
In a not too surprising turn of events, American Apparel filed for Chapter 11 bankruptcy protection early Monday morning. The past few years have been difficult for the “Made in the USA” company, with debts piling up, sales dropping and a never-ending lawsuit with its founder Dov Charney all bringing the retailer down. Hiroko Tabuchi of The […]
Phoenix Biz Journal hires new retail and restaurant reporter
Steven Totten has been hired by the Phoenix Business Journal to cover restaurants and retail. Liz Nichols writes, “Totten joins the Business Journal from Arizona State University’s Walter Cronkite School of Journalism and Mass Communication, where he was a managing digital producer for the Cronkite Borderland Initiative and the 2015 project of the Carnegie-Knight News21 […]
Coverage: Wal-Mart will no longer sell semiautomatic firearms
After Wednesday’s tragic on-air shooting, mega-retailer Wal-Mart announced it would no longer sell high-powered assault rifles come fall. And while the decision was a welcomed change from the nation’s largest gun retailer, a company representative insisted the decision was based on customer demand not politics. Shannon Pettypiece of Bloomberg summed up the announcement: Wal-Mart Stores […]
Bloomberg names new Wal-Mart reporter
Shannon Pettypiece has joined the U.S. consumer team at Bloomberg News to cover Wal-Mart and other retailers. She replaces Renee Dudley, whose aggressive reporting on the world’s largest retailer got her banned from its media events. Dudley left to work at Reuters. Pettypiece has been at Bloomberg for nine years, covering many aspects of the […]
Coverage: J.Crew lays off staff, fires women’s design head
It’s no secret that J.Crew is struggling to keep core customers. Many have criticized the retailer’s styles and rising prices. The company has alienating core customers and lagging sales figure show it. In response, it’s laying people off and putting in a new head of women’s wear. USA Today had these details in a story […]
Courier-Post seeks business reporter
The Courier-Post Newspaper, a Gannett Co., seeks a business reporter. This full-time content creator based in Cherry Hill has a laser focus on the retail landscape throughout the Courier-Post’s core coverage area. The biggest question this beat should answer is “What’s going there?” as retail development alters the landscape for shoppers and residents. This beat […]
Coverage: Lane Bryant parent to buy Ann Taylor
These brands might not be on the cutting edge of fashion or in areas of growth, but the combination could be one that helps both companies. Lane Bryant is paying $2 billion for Ann Taylor and Loft. And much of the media seems to find the deal a combination of boring and unexciting. The Wall […]
