Financial News: Page 133
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Courtesy of L Brands
Is a Bath & Body Works split from L Brands imminent?
Shares gained as some analysts push the company to spin off its personal care brand. Despite Gap Inc.'s botched Old Navy plan, that may be a trend.
By Daphne Howland • Jan. 28, 2020 -
Retail M&A deals fell 19% in 2019, PwC says
Retail disruption and trade uncertainties conspired to slow mergers and acquisitions in the industry for the year.
By Ben Unglesbee • Jan. 28, 2020 -
Courtesy of The Vitamin Shoppe
The Vitamin Shoppe opens locations in LA Fitness gyms
The wellness retailer is among the latest to engage in a store strategy with ancillary businesses to expand its reach.
By Tatiana Walk-Morris • Jan. 28, 2020 -
Courtesy of Casper
Casper slashes IPO price
With the revision, the direct-to-consumer mattress brand's market cap comes to about half the $1.1 billion it projected last March.
By Caroline Jansen • Updated Feb. 5, 2020 -
Deep Dive
How off-price continues to be on point
Nordstrom Rack now sells Rent the Runway apparel, a prime example of why this sector is poised to have yet another good year.
By Daphne Howland • Jan. 28, 2020 -
La Senza suppliers file to put it in Ch. 7 bankruptcy
The lingerie retailer was sold by L Brands in 2018. Less than a year later, it fell behind on tens of millions of dollars in payments, a vendor alleges.
By Ben Unglesbee • Jan. 27, 2020 -
Homeland Security vows crackdown on e-commerce counterfeiting
In a 54-page report, the department said the problem is mounting, poses a danger to consumer health and safety, and stifles innovation.
By Daphne Howland • Jan. 27, 2020 -
Foot Locker to launch cross-brand loyalty program
Rewards in the revamped approach will operate across Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Eastbay and Champs Sports.
By Cara Salpini • Jan. 27, 2020 -
Deep Dive
The 3 most common forecasting errors retail CFOs make
Smart investment on the planning side can help retailers better align expectations with actual sales.
By Robert Freedman • Jan. 27, 2020 -
Macy's partners with Zola on wedding registry
The move comes as the department store continues to close physical stores and rethink its digital operations.
By Tatiana Walk-Morris • Jan. 24, 2020 -
Target turns to Unilever's Sundial for exclusive beauty label
With a new haircare line for Gen Z multicultural women, the mass merchant is reaching an audience often neglected by rivals.
By Daphne Howland • Jan. 24, 2020 -
"Papyrus The Falls" by Phillip Pessar is licensed under CC BY 2.0
Debt and supplier woes send Papyrus parent into bankruptcy
The fine paper specialist went through a rapid period of expansion, fueled by leverage, ahead of a downturn in brick-and-mortar retail.
By Ben Unglesbee • Jan. 24, 2020 -
VF Corp explores sale of 9 brands
Plans to unload its occupational workwear assets come as the conglomerate reported an uncharacteristically weak quarter.
By Daphne Howland • Jan. 23, 2020 -
E-commerce could kill 30K stores and half a million jobs by 2025
A report from Euler Hermes details the destruction wrought in traditional retail as e-commerce grows, with jobs, stores and profits permanently lost.
By Ben Unglesbee • Jan. 23, 2020 -
Gap CMO exits after less than a year
Alegra O'Hare, who was tapped last February from Adidas, is leaving as the company revamps the brand's marketing role.
By Daphne Howland • Updated Jan. 24, 2020 -
Sally Beauty builds out its digital leadership team
The new hires, who are seasoned retail vets with experience at Ulta Beauty and Walmart, are part of a larger tech and social media effort for the company.
By Tatiana Walk-Morris • Jan. 23, 2020 -
Retrieved from Skims on January 22, 2020
Nordstrom to carry Kim Kardashian West's shapewear brand
The department store is delving deeper into a DTC strategy as the celebrity label is introduced to a new audience.
By Kaarin Moore • Jan. 22, 2020 -
Courtesy of Express via Businesswire
Express to shutter 100 stores
The retailer aims to return to its former glory as a style destination with merchandise that suits today's more casual fashionistas, executives said.
By Daphne Howland • Jan. 22, 2020 -
eBay
EBay lays off 102 Silicon Valley employees
Some analysts doubt the marketplace can continue to grow while losing share and point to rising competition and weak past performance.
By Daphne Howland • Jan. 22, 2020 -
Best Buy CEO to stay on after investigation
The board of directors concluded the investigation by saying it "supports the continued leadership" of CEO Corie Barry.
By Daphne Howland , Cara Salpini • Updated Feb. 5, 2020 -
Tailored Brands to sell Joseph Abboud brand for $115M
Brand management firm WHP Global will take the opportunity to expand the label globally, as the designer himself moves on.
By Daphne Howland • Jan. 21, 2020 -
Walmart's US leadership gets another shakeup
The retailer named Scott McCall as chief merchant following Steve Bratspies' departure from the company, among several other moves.
By Ben Unglesbee • Jan. 21, 2020 -
Daphne Howland/Retail Dive
Nordstrom brings the department store into the 21st century
The retailer has constructed a diverse ecosystem in New York City. Its fate may be a test for the whole segment.
By Daphne Howland • Jan. 17, 2020 -
Papyrus parent to close all stores
The company's COO cited challenges in the retail sector and said the company had been working to avoid the outcome.
By Ben Unglesbee • Updated Jan. 17, 2020 -
Daphne Howland/Retail Dive
Who's minding the Gap?
The apparel company halted its spinoff of Old Navy, launching a new year intact but without a CEO and other key executives.
By Daphne Howland • Jan. 17, 2020
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