Financial News: Page 131
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Rent the Runway taps former Amazon exec as chief supply chain officer
Brian Donato previously worked at the e-commerce giant in operational roles related to returns and fulfillment.
By Shefali Kapadia • Feb. 14, 2020 -
Walmart to end Jet Black service
The retail giant is pulling back on its high-end shopping service in New York and folding the technology into its broader business.
By Ben Unglesbee • Feb. 13, 2020 -
Another bleak quarter ahead for Bed Bath & Beyond
Store traffic declines caused the struggling retailer's comparable sales to fall more than 5% in December and January.
By Caroline Jansen • Feb. 13, 2020 -
Kohl's cuts 250 jobs amid restructuring
The retailer appeared to be operating above the fray in the department store segment, but ended the year with sales and profits dipping.
By Daphne Howland • Feb. 13, 2020 -
Rue21 adds plus-size apparel to more store locations
The teen apparel retailer is building out its extended sizes while others in the segment either disappear or face an uncertain future.
By Kaarin Moore • Feb. 13, 2020 -
Modell's works with vendors, landlords to avoid bankruptcy
Mitchell Modell told Retail Dive the retailer has hired restructuring advisers and is turning to vendors and landlords to see it through a rough patch.
By Daphne Howland • Feb. 12, 2020 -
Forever 21's $81M sale wins court approval
Simon Property, Brookfield and Authentic Brands are set to take over the ailing retailer, despite objections from suppliers who say they are owed millions.
By Ben Unglesbee • Feb. 12, 2020 -
Inter Ikea Group names new CEO
As the Swedish furniture retailer undergoes a period of transformation, it once again looked to its bench to fill a key executive role.
By Caroline Jansen • Feb. 12, 2020 -
87% of US businesses in China expect coronavirus to impact revenue
Companies ranging from Apple suppliers to Nissan have announced plans to temporarily pause production as a result of the virus outbreak.
By Matt Leonard • Feb. 11, 2020 -
Under Armour weighs dropping NY flagship to focus on financials
Opening a store on Fifth Avenue may no longer be practical as the company tries to balance costs and investments.
By Cara Salpini • Feb. 11, 2020 -
Amazon upgraded even as it ploughs money into shipping
The company's financial position remains strong thanks in large part to AWS, according to Moody's.
By Ben Unglesbee • Feb. 11, 2020 -
Nordstrom Rack vet to lead Saks Off 5th
Last year, parent company HBC had plans to close as many as 20 off-price stores in the U.S., but on Monday CEO Helena Foulkes hinted at expansion.
By Daphne Howland • Feb. 11, 2020 -
Macy’s adds perks to loyalty program
The rewards program expansion comes as the retailer rethinks its physical store and digital strategies.
By Tatiana Walk-Morris • Feb. 11, 2020 -
Brandless shuts down
The online retailer will lay off 90% of its staff and cease operations as it reviews any acquisition offers, the company confirmed on Monday.
By Jessica Dumont • Feb. 11, 2020 -
No other bidders step up as Forever 21 nears sale
The retailer suspended an auction scheduled for Monday in the absence of other bids besides the $81 million offer from landlords and Authentic Brands.
By Ben Unglesbee • Feb. 10, 2020 -
Simon snaps up Taubman malls for $3.6B
After a tepid fourth quarter, pressure on malls only intensified with Macy's announcement that it will shutter 125 stores in the next few years.
By Daphne Howland • Feb. 10, 2020 -
Amazon expands Alexa tech team in California
The move comes as the e-commerce giant is expanding into other areas like in-car commerce and other voice-powered services.
By Tatiana Walk-Morris • Feb. 10, 2020 -
Deep Dive
Macy's new North Star
Can the department store's reboot of its previous turnaround plan please both investors and customers?
By Daphne Howland • Feb. 7, 2020 -
Birchbox cuts 25% of global staff
The layoffs include nearly half of the employees at the company's New York corporate offices, and come as the brand tries to generate savings.
By Cara Salpini • Feb. 7, 2020 -
M.M.LaFleur opens concept shop in Washington, D.C.
"We wanted to put ourselves in front of more people," said CEO Sarah LaFleur. The next M.M. To Go stores will be in Boston and Chicago.
By Kaarin Moore • Feb. 7, 2020 -
Tapestry turns to new leadership for stalling Kate Spade, Stuart Weitzman
Holiday sales were strong, especially at Coach, but the company has been forced to lower its guidance due to the coronavirus outbreak in China.
By Daphne Howland • Feb. 6, 2020 -
Under Armour's new CEO fills out C-suite
Patrik Frisk named two company veterans to fill the roles of chief operating officer and a newly created chief experience officer position.
By Cara Salpini • Feb. 6, 2020 -
Macy's revamps private label to reach millennials
The department store is pinning an apparel comeback on hopes its own brands deliver a quarter of its sales — including four at $1 billion apiece.
By Daphne Howland • Feb. 6, 2020 -
Target journeys into Away's market with new private label luggage
The line relies on the retailer's long-time brand strategy of blending current style and low prices.
By Ben Unglesbee • Feb. 6, 2020 -
The toy category still hasn't recovered from the death of Toys R Us
Target's flattened holiday sales, as well as others' abandoned experiments, reveal a market that hasn't fully readjusted after the exit of its largest specialist.
By Ben Unglesbee • Feb. 6, 2020