Financial News: Page 128
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Retrieved from Bluestem Brands, Inc. on March 10, 2020
Bluestem Brands files for Ch. 11 with plans to sell itself
The owner of the Fingerhut and Blair brands was sent into bankruptcy following a downgrade, liquidity crunch and poor holiday performance.
By Ben Unglesbee • March 10, 2020 -
CVS to acquire Schnucks' pharmacy business
The drug store giant will acquire and rebrand 99 Schnucks pharmacies and buy patient records from another 11 locations.
By Jeff Wells • March 10, 2020 -
Stitch Fix spooks investors with guidance pullback
The company is touting its option allowing customers to buy directly, but some investors worry it indicates that the business is saturated.
By Daphne Howland • March 10, 2020 -
Dick's Sporting Goods to cut hunt category from 440 more stores
That's on top of about 135 stores where the category has already been removed, and signals a continued departure from selling guns.
By Cara Salpini • March 10, 2020 -
Tapestry CEO will stick around, but Coach chief is out
It's now entirely Jide Zeitlin's project, with new leadership already at Kate Spade and Stuart Weitzman, and soon at its best performer.
By Daphne Howland • March 10, 2020 -
Victoria's Secret's split from L Brands
Un-Limited: How Les Wexner ruled retail for 6 decades
In a surprising turn, Wexner is leaving L Brands' board, cutting ties completely. Here's a timeline of the rise and fall of his empire.
By Daphne Howland , Kaarin Moore • Updated March 30, 2021 -
"Art Van Furniture store, 425 E. Eisenhower Pkwy., Ann Arbor, MI 48108" by Dwight Burdette is licensed under CC BY 3.0
Art Van Furniture files for Chapter 11
After losing market share, facing traffic declines and posting negative comp sales every quarter since June 2016, the retailer filed for bankruptcy Monday.
By Caroline Jansen • March 9, 2020 -
Majority of CPG investments go to direct-to-consumer brands
Consumer product brands received $3.3 billion from venture capital between 2015 and 2019, according to a recent report.
By Tatiana Walk-Morris • March 9, 2020 -
Ross to open another 100 new stores this year
The off-price retailer is all-in on brick and mortar, opening a similar number of locations each of the past two years and continuing to shun e-commerce.
By Daphne Howland • March 9, 2020 -
Dillard's downgraded after a weak Q4
Sales declines are weighing on the Southern department store chain's profits, and S&P Global analysts don't expect that to change anytime soon.
By Ben Unglesbee • March 9, 2020 -
"Art Van Furniture store, 425 E. Eisenhower Pkwy., Ann Arbor, MI 48108" by Dwight Burdette is licensed under CC BY 3.0
Art Van Furniture to close all stores
The company said it would liquidate all of its namesake, Art Van PureSleep, and Scott Shuptrine Interiors stores, as well as select Wolf Furniture stores.
By Caroline Jansen • March 6, 2020 -
Burlington exits e-commerce to focus on brick and mortar
The off-price retailer didn't see good economics online. Now it's plotting 54 new stores as it focuses squarely on physical retail.
By Ben Unglesbee • March 6, 2020 -
Lululemon says it continues to have 100% gender pay equity
The brand's promise to track its record and update those figures annually signals the issue is top-of-mind for company executives.
By Cara Salpini • March 6, 2020 -
Gap Inc. taps Old Navy chief as CEO
Expectations are high as Sonia Syngal takes the reins at the struggling retailer, an unsurprising if welcome move.
By Daphne Howland • March 6, 2020 -
Allbirds founder: Being a sustainable business is 'not that hard'
At a store opening event in Washington, D.C., Joey Zwillinger sat down with Congressman Jared Huffman to talk about business and the environment.
By Cara Salpini • March 6, 2020 -
Rent the Runway launches third subscription option
The new plan introduces a middle level of flexibility to the company's subscription offerings, which now account for three-fourths of its business.
By Daphne Howland • March 5, 2020 -
The impact of the coronavirus on retail
While COVID-19 spreads globally, the retail industry braces for the outbreak's fallout.
By Ben Unglesbee , Daphne Howland , Kaarin Moore • March 5, 2020 -
Shoptalk postponed until September on coronavirus concerns
In a reversal of last week's confirmation, the conference will be held in place of its sibling event, Groceryshop, which is rescheduled to spring 2021.
By Daphne Howland • March 5, 2020 -
Column
SKU'd: Walmart regrets everything it ever purchased
The one where a big-box retailer goes on a shopping spree, purchases a bunch of companies, then decides to drop them all.
By Kaarin Moore • March 5, 2020 -
Target's tech for store-based fulfillment operations is ready to scale
Machine learning and robotics will allow the retailer to fulfill digital orders from stores and avoid stockouts, executives detailed in an investor presentation.
By Emma Cosgrove • March 5, 2020 -
Erik Nordstrom takes the reins after mixed fourth quarter
The retailer dismantled its co-president governing structure, but is keeping control in the founding family as it expands its Local strategy.
By Daphne Howland • March 4, 2020 -
Kohl's traffic bumps aren't bringing the sales
CEO Michelle Gass announced a new teen apparel private label and said similar efforts are planned to address weakness in women's.
By Daphne Howland • March 4, 2020 -
Target plans 6K-square-foot store as it ramps up small format expansion
The retailer is deepening its reach in urban markets while remodeling larger stores, all in an effort to boost its brick-and-mortar center of gravity.
By Ben Unglesbee • March 4, 2020 -
How Stage Stores stumbled in its off-price blitz
As late as November, sales were booming and expectations were high. Then came the holidays, bankruptcy rumors, store closures and layoffs.
By Ben Unglesbee • March 4, 2020 -
Bed Bath & Beyond taps former Walgreens exec as chief merchandising officer
Joe Hartsig, who most recently served as the drugstore's chief merchant, is Mark Tritton's first big hire since taking the helm at the home goods retailer.
By Caroline Jansen • March 4, 2020