Financial News: Page 127
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L Brands leans on its revolver for cash as it braces for store shutdowns
The retailer was also recently downgraded by Moody's, which warned that the divestment of Victoria's Secret takes diversity out of the company's portfolio.
By Daphne Howland • March 18, 2020 -
Kohl's to sell Lands' End online, in stores
The apparel company, which was once known for its association with Sears, will sell merchandise in 150 Kohl's stores starting this fall.
By Kaarin Moore • March 17, 2020 -
Retail at risk as consumers hunker down
The industry is reeling as the U.S. takes precautions and shoppers adopt new habits. What is the new normal, and how long will it last?
By Daphne Howland • March 17, 2020 -
Retail sales jump 3.6% in March as consumers anticipate tariffs
Last month’s growth may be ephemeral given economic uncertainty, analysts warned.
By Retail Dive Staff • Updated April 16, 2025 -
Ascena gives its balance sheet some relief, but analysts still expect a restructuring
After buying back its own debt on the cheap, the distressed apparel seller maintained that it wasn't considering bankruptcy.
By Ben Unglesbee • March 17, 2020 -
Amazon hires 100K, opens 75K additional roles as COVID-19 surges demand
E-commerce has boomed as consumers worldwide practice social distancing and self-quarantining, leading e-tailers to amp up their supply chains to cope.
By Shefali Kapadia • Updated April 13, 2020 -
Tracking retail's response to the coronavirus
J.C. Penney has joined the growing list of retailers requiring customers to wear masks in its stores, following Walmart, Target and others.
By Retail Dive Staff • Updated July 23, 2020 -
Retailers implore consumers to avoid panic buying as shelves swiftly empty
The National Retail Federation and Retail Industry Leaders Association said supply chains are strong, and cautioned against closing stores.
By Daphne Howland • March 16, 2020 -
Out-of-stocks surge at Amazon amid panicked shopping
The e-commerce giant is out of some key goods and is extending shipping times as consumers stockpile amid the COVID-19 pandemic.
By Ben Unglesbee • March 16, 2020 -
Gap Inc. profits plunge despite Old Navy recovery
Outgoing CFO Teri List-Stoll said Thursday that the company is "evaluating" its namesake brand, which she said needs to "earn its way in the portfolio."
By Daphne Howland • March 13, 2020 -
Former Toys R Us suppliers allege execs, directors took millions as retailer crumbled
A trust representing more than 100 creditors accuses the defunct toy seller's private equity owners and managers of pervasive conflicts of interest and fraudulent behavior.
By Ben Unglesbee • March 13, 2020 -
Big Lots downgraded as competitive position weakens
Sales fell at the discount retailer during the holidays, and now the coronavirus threatens its traffic and supply chain as it loses ground in its sector.
By Ben Unglesbee • March 13, 2020 -
Ulta shutters stores shortly after cutting services, store hours
Over the past few days, the beauty retailer’s response to the coronavirus outbreak has steadily escalated.
By Cara Salpini • Updated March 17, 2020 -
L Brands names Les Wexner's replacement as board chair
Sarah Nash joined the board last year, amid struggles at Victoria's Secret. A majority stake in the lingerie brand is being sold to private equity.
By Daphne Howland • March 13, 2020 -
What 5 retail industry leaders are saying about coronavirus
While it's still not clear the total impact COVID-19 will have on retail, industry leaders met to talk about solutions and potential fallout in the sector.
By Kaarin Moore • March 13, 2020 -
Payments and delivery drive shoppers to Amazon over DTC brands
A new study reveals that free and fast shipping can influence purchasing decisions in favor of the e-commerce giant.
By Tatiana Walk-Morris • March 12, 2020 -
Party City shuffles CEOs as it tries to rebuild sales
Jim Harrison is transitioning from chief executive to vice chairman as company president Brad Weston takes over after a year of falling sales.
By Ben Unglesbee • March 12, 2020 -
Despite 'herculean efforts,' Modell's files for bankruptcy
The 130-year-old sporting goods retailer will liquidate its 134 stores in Chapter 11 and is looking to sell its IP.
By Cara Salpini • March 12, 2020 -
Retrieved from Best Buy press office on April 18, 2018
Hubert Joly to step off Best Buy board in June
Widely credited with inoculating the electronics retailer against Amazon and the "retail apocalypse," Joly will stay as an adviser for at least a year.
By Daphne Howland • March 12, 2020 -
Walmart rolls out emergency leave after associate's positive COVID-19 test
One of the nation’s largest employers described the circumstances that will allow workers to take time off to preserve their health.
By Katie Clarey • March 12, 2020 -
Neiman Marcus to shutter almost all Last Call off-price stores
The upscale retailer expects about 750 jobs will be affected as part of a turnaround that combines online and offline teams, and emphasizes full price.
By Daphne Howland • Updated March 11, 2020 -
Target, Walmart address store sanitization as coronavirus concerns mount
Retailers are ramping up cleaning and pick-up efforts as consumers both stockpile products and avoid stores.
By Ben Unglesbee • March 11, 2020 -
Revlon restructuring relies on layoffs for cost reductions
A plan to save up to $230 million by 2022 mostly comes at the expense of employees. About 60% of the savings will be the result of staff cuts in 2020.
By Cara Salpini • March 11, 2020 -
Retrieved from HanesBrands on March 11, 2020
Champion moves its budget C9 brand to Amazon Fashion
The HanesBrands line was previously an exclusive at Target, which has since developed its own activewear private label.
By Daphne Howland • March 11, 2020 -
Apple lets apps send ads as push notifications
Allowing opt-in marketing messages could help companies reach consumers amenable to push notifications, which have a low open rate due to clutter.
By Robert Williams • March 10, 2020