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22 сентября, 14:14

Zacks Industry Outlook Highlights: NexPoint Residential Trust, Retail Opportunity Investments, CorEnergy Infrastructure Trust and Public Storage

Zacks Industry Outlook Highlights: NexPoint Residential Trust, Retail Opportunity Investments, CorEnergy Infrastructure Trust and Public Storage

21 сентября, 20:07

Why Betting on REITs Could Be Risky Now

Why Betting on REITs Could Be Risky Now

21 сентября, 16:47

Walmart to Operate in Holiday Season Without Seasonal Staff

Walmart (WMT) has planned to offer extra working hours to its existing employees during the holiday season, instead of hiring seasonal and temporary employees.

21 сентября, 16:29

4 Buy-Ranked Retail Stocks to Consider on Holiday Sales Forecast

Will retail sales pick up in the upcoming holiday season as forecasted by a recent Deloitte report? Here are four stock picks including Gap Inc. (GPS) which look well-positioned.

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21 сентября, 10:31

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

By Jess Macy Yu and Paresh Dave TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure. The all-cash deal will see Google gain 2,000 HTC employees, roughly equivalent to one fifth of the Taiwanese firm's total workforce. It will also acquire a non-exclusive license for HTC's intellectual property and the two firms agreed to look at other areas of collaboration in the future.

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20 сентября, 22:01

At $8.5 Billion, Shopping App 'Wish' Is Now Worth More Than Sears, Macy's And JC Penney Combined

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The app selling super-cheap goods from Chinese manufacturers is raising more money in its audacious challenge to Amazon and Alibaba.

20 сентября, 18:05

Best Buy Declines on Long-term Plan, Drags Other Retailers

It was hard for the investors to digest that Best Buy (BBY), which has been doing exceptionally well over the past few years came out with a long-term plan that failed to match analysts expectation.

20 сентября, 17:47

From Amazon to Wal-Mart, Retailers Gear Up for the Holidays

With the holiday season approaching, retailers are gearing up for the busiest part of the year and it goes without saying that competition will be tough.

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20 сентября, 17:19

8 Jackets That Flatter Your Body at Any Age

Looking for a jacket that will flatter your body at any age? From trench coats to jean jackets, we share eight must-have jackets for the fall season, here.

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20 сентября, 01:08

Former Macy's Employees Sue Company For Allegedly Racially Profiling Asian Shoppers

The plaintiffs say they were fired when they tried to speak up about the alleged discrimination.

20 сентября, 00:04

Why Toys 'R' Us Finally Filed for Bankruptcy

On Tuesday, after reports that the toy retailer was preparing for financial restructuring, Toys 'R' Us filed for bankruptcy Monday night after years of struggling to keep up with competitors and to pay down billions of dollars in debt.

19 сентября, 16:19

Is it Wise to Hold Kohl's (KSS) Amid Digital Retail Options?

Kohl's (KSS) has been wrestling with numerous pressures for the past quarters due to difficult sales environment. Amid such a downturn, the company issues innovative ways to market products.

18 сентября, 17:17

Company News for Sep 18, 2017

Companies in the news are: GNW,M,EFX,ORCL

16 сентября, 20:15

Equifax Hack Slams Already-Struggling Store-Branded Credit-Card Lenders

Equifax’s disclosure that hackers had absconded with the personal data of 143 million Americans after exploiting a vulnerability in the company’s cyber defenses that was largely the result of negligence has sent its shares spiraling 37% lower. And now, Bloomberg is warning that the shares of certain troubled lenders – which have already largely underperformed this year – may also be vulnerable as the fallout from the hack works its way through the US economy. Consumers who’ve learned that their data were potentially compromised are rushing to freeze their credit, creating a major problem for lenders like Synchrony Financial and Alliance Data who specialize in retailer partnerships that offer store-branded credit cards – a once-lucrative business that has struggled as same-store sales and a flurry of bankruptcies have beset the retail sector.   “Equifax Inc.’s massive data breach could make an already tough market outlook even more daunting for the firms behind Gap Inc.’s and Ann Taylor’s store-branded credit cards.   Those retailers’ banking partners, including Synchrony Financial and Alliance Data Systems Corp., could see account originations fall off a cliff if consumers freeze their credit to protect themselves from fraud. Consumers have to take extra steps - including calling the credit bureau, going online or paying fees - to lift a block and get a new card.   “If people are defaulting to credit freezes, then if you’re a Macy’s retailer trying to sell credit cards, you can’t get that done at the point of sale,” said Vincent Caintic, an analyst at Stephens Inc.   “It could become a regular thing, these freezes. It does slow down the origination process and it’s probably going to increase acquisition costs.” While the lenders declined to discuss any potential repercussions from the Equifax hack, the Bloomberg reporter noted that Synchrony has said it receives just 40% of its applications on the web – meaning its credit-card business is inextricably exposed to the many problems of America’s troubled retailers. “Private-label credit-card issuers are already struggling to generate spending on their products as the retail slump forces more store closures and write-offs. Synchrony, the largest issuer of private-label credit cards in the U.S., has fallen 20 percent this year, compared with a 6.1 percent increase for the 67-company S&P 500 Financials Index. Alliance Data has dropped 6.3 percent this year.” According an analyst at KBW, because of the difficult associated with unfreezing one’s credit, the hack will likely damage sales at Synchrony, Alliance and their peers. "Opting for credit freezes in response to the hack “would create friction and be an impediment for growth” at the issuer banks, said Sanjay Sakhrani, an analyst at Keefe, Bruyette and Woods.   Still, he said, “if the customer wants it enough, there are channels and avenues that they can go through to unfreeze their credit histories.” Meanwhile, Equifax is suffering from one humiliation after another as – in the words of USA Today’s editorial board – the company has bungled the hack worse than anything the board has ever seen. On Friday, the revelation that Equifax sought to cover up the fact that its chief security officer was a music major only compounded its problems. We’re curious to hear how CEO Rick Smith justifies the breach, and the coverup and the company’s decision to delay disclosing the hack, during Congressional testimony next month. 

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15 сентября, 19:41

Macy's to hire 80,000 workers for holidays, fewer than last year

The department store operator said on Thursday it would hire 18,000 holiday workers to fulfill online orders, including shipping and packaging, an increase of about 3,000 from last year. Rival Target Corp on Wednesday said it would hire 43 percent more seasonal workers, or a total of 100,000, for the holiday season rush. It was the first time in five years that Target increased the number of holiday workers it would hire, after the retailer reported a rise in comparable-store sales for the first time in more than a year.

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15 сентября, 17:11

Macy's Plans to Hire 80,000 Staff for Holiday Season Rush

Macy's will hire 18,000 holiday workers to support online orders, up nearly 20% from the last year holiday season.

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15 сентября, 12:48

Macy's наймет 80 тыс. новых сотрудников на праздничный сезон

Американский ритейлер Macy's заявил, что наймет 18 000 новых сотрудников для работах на складах (для упаковки и доставки онлайн-заказов) в праздничный сезон, что на 20% выше результата аналогичного периода прошлого года, при этом общее число нанятых для периода сотрудников сократится. Так, в общей сложности компания намерена нанять 80 000 сотрудников на праздничный сезон, который начинается через день после Дня благодарения и завершается в начале января. При этом в аналогичный период годом ранее было нанято 83 000 новых сотрудников. Стоит отметить, что в текущем году число магазинов Macy's уменьшилось на 70.

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15 сентября, 11:44

Macy's to hire 80,000 workers for holidays, fewer than last year

The department store operator said on Thursday it would hire 18,000 holiday workers to fulfill online orders, including shipping and packaging, an increase of about 3,000 from last year. Rival Target Corp (TGT.N) on Wednesday said it would hire 43 percent more seasonal workers, or a total of 100,000, for the holiday season rush. It was the first time in five years that Target increased the number of holiday workers it would hire, after the retailer reported a rise in comparable-store sales for the first time in more than a year.

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15 сентября, 10:31

Macy's наймет 80 тыс новых сотрудников на праздничный сезон

Американский ритейлер Macy's заявил, что наймет 18 000 новых сотрудников для работах на складах (для упаковки и доставки онлайн-заказов) в праздничный сезон, что на 20% выше результата аналогичного периода прошлого года, при этом общее число нанятых для периода сотрудников сократится. Так, в общей сложности компания намерена нанять 80 000 сотрудников на праздничный сезон, который начинается через день после Дня благодарения и завершается в начале января. При этом в аналогичный период годом ранее было нанято 83 000 новых сотрудников. Стоит отметить, что в текущем году число магазинов Macy's уменьшилось на 70.

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