Financial News: Page 131


  • 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 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 Feb. 13, 2020
  • Kohl's storefront
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    Courtesy of Kohl's
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    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 Feb. 13, 2020
  • Plus size apparel offering at a Rue21 store location.
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    Courtesy of Rue21
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    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 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 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 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 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
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    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 Feb. 11, 2020
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    Getty Images
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    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 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 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
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    Brandless
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    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 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 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
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    Cara Salpini for Retail Dive
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    Deep Dive

    Macy's new North Star

    Can the department store's reboot of its previous turnaround plan please both investors and customers?

    By Feb. 7, 2020
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    Birchbox
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    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 Feb. 7, 2020
  • M.M. To Go in Union Station
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    Yujin Kim / Retail Dive
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    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 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 Feb. 6, 2020
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    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 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 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 Feb. 6, 2020
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    Toys R Us
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    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 Feb. 6, 2020