Financial News: Page 114
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L.L. Bean launches first wholesale partnerships
The 108-year-old retailer is expanding its omnichannel efforts by working with Nordstrom, Staples and Midwestern sporting goods retailer Scheels.
By Kaarin Moore • July 21, 2020 -
Daphne Howland/Retail Dive
Retailers call on the nation's governors to mandate masks
The lack of unified political leadership around face coverings that prevent contagion of COVID-19 is "simply irresponsible," 21 retail CEOs said Monday.
By Daphne Howland • July 20, 2020 -
Dollar Tree names new CEO
Michael Witynski is taking on the chief executive role as the pandemic continues to drive business to the dollar store segment.
By Kaarin Moore • July 20, 2020 -
Daphne Howland/Retail Dive
Bloomberg: Mall owner CBL prepping a Ch. 11 filing
The company would be the first major mall REIT to buckle under the pressures that have been intensified by the pandemic.
By Daphne Howland • July 20, 2020 -
Daphne Howland/Retail Dive
Macy's, Neiman Marcus look to resume exec payments as department store woes continue
One has already reinstated equity bonuses while the other is under scrutiny in bankruptcy for its cash bonus plan.
By Ben Unglesbee • July 17, 2020 -
Daphne Howland/Retail Dive
Is the pandemic giving Gap Inc. one last chance?
Current conditions may make it easier for the retailer to rightsize its footprint, grow its athleisure brand and boost Old Navy, Wells Fargo analysts said Friday.
By Daphne Howland • July 17, 2020 -
Courtesy of Walmart corporate blog
Walmart to customers: Everybody must get masked
Target is the latest to require shoppers to cover their faces in all stores, joining the retail giant, as well as Best Buy, Kohl's and Costco, among others.
By Daphne Howland • July 16, 2020 -
Courtesy of Ulta
Ulta launches Conscious Beauty initiative
Starting in the fall, the beauty retailer will certify brands under various pillars, like cruelty free, vegan and sustainable packaging.
By Cara Salpini • July 16, 2020 -
J.C. Penney to cut 1K jobs as it shrinks in bankruptcy
As the retailer closes stores, it's letting go of corporate and other support staff, with the clock ticking on its progress through Chapter 11.
By Ben Unglesbee • July 16, 2020 -
Daphne Howland/Retail Dive
Neiman Marcus may close 4 stores for good
The bankrupt retailer says marketing the leases is an effort to monetize their value and that it's "always assessing" its footprint to ensure that it's optimal.
By Daphne Howland • July 15, 2020 -
Retrieved from The Paper Store on July 15, 2020
The Paper Store files for Ch. 11, plans to sell itself
The regional gift retailer missed some of its most important sales days of the year due to COVID-19 closures.
By Ben Unglesbee • July 15, 2020 -
PVH to close Heritage Brands stores, cut 450 jobs
The mid-priced apparel brands already get 83% of their revenue from wholesale, and will permanently shut 162 company-run outlet locations.
By Daphne Howland • July 15, 2020 -
Courtesy of Walmart
Is Walmart getting the customer it always wanted?
Stellar results during the COVID-19 pandemic and a new loyalty membership suggest it may be. But that could hamper its "everyday low prices" promise.
By Daphne Howland • July 15, 2020 -
RTW Retailwinds' journey into bankruptcy
After more than a century as a physical retailer, the New York & Co. brand is likely to survive only online after COVID-19 dealt a devastating blow.
By Ben Unglesbee • July 14, 2020 -
Courtesy of Paper Source
Paper Source introduces subscription box, virtual craft classes
The retailer aims to offer customers a way to keep kids and adults engaged and creative while sheltering in place.
By Tatiana Walk-Morris • July 14, 2020 -
Iconix Brand Group considers potential sale
The company had past success by tapping into trends that were backed by celebrities, but struggled as the department store sector declined.
By Kaarin Moore • July 14, 2020 -
REI
REI lays off 5% of retail staff
The 400 store workers let go come on top of 300 corporate employees laid off in April "as a result of COVID-19 revenue impacts."
By Cara Salpini • Updated July 15, 2020 -
Courtesy of Office Dept
Office Depot parent names former Amazon exec CTO
Terry Leeper, who also held executive positions at Microsoft, will set the company's technical vision for the future.
By Tatiana Walk-Morris • July 14, 2020 -
Daphne Howland/Retail Dive
In pandemic era, private equity-owned retail is as vulnerable as ever
Takeovers by financial firms have dropped off, but there are many companies from past buyouts in distress now, as debt and the pandemic take their toll.
By Ben Unglesbee • July 14, 2020 -
Daphne Howland/Retail Dive
AAFA calls on White House to issue guidance on masks
The American Apparel & Footwear Association has also asked state and local officials to clear up messaging around the COVID-19 prevention measure.
By Daphne Howland • July 13, 2020 -
RTW Retailwinds files for bankruptcy
After months of financial turmoil amid the COVID-19 pandemic, the owner of New York & Co. filed for Chapter 11 with plans to close many if not all stores.
By Ben Unglesbee • July 13, 2020 -
Column
SKU'd: Does Gap have a Kanye West problem?
From "College Dropout" to presidential hopeful. If you hitch your brand to a mercurial superstar you better be ready for the ride.
By Kaarin Moore • July 10, 2020 -
Cara Salpini for Retail Dive
Muji USA files for bankruptcy
The domestic arm of the global retailer has drawn lines to store openings. Now it's in Chapter 11 and reportedly looking to close unprofitable locations.
By Ben Unglesbee • July 10, 2020 -
Courtesy of Nike
Nike opens latest store concept: Nike Rise
The first of its kind opened in Guangzhou, China, on Thursday, and the retailer plans to expand it in 2021.
By Cara Salpini • July 10, 2020 -
Need Supply and Totokaelo to shut down for good
The two privately held retailers focused on millennial luxury customers and reported expansive growth in recent years, before the pandemic hit.
By Daphne Howland • Updated July 13, 2020
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