Financial News: Page 134
-
Rent the Runway to sell used garments through Nordstrom Rack
The new service, called Rent the Runway Revive, is the latest expansion in an ever-growing partnership between the two companies.
By Cara Salpini • Jan. 17, 2020 -
Target CIO: Build what will provide a competitive advantage, buy the rest
"You can't go anywhere and buy Target.com off the shelf," said CIO Mike McNamara, while speaking at NRF.
By Samantha Schwartz • Jan. 17, 2020 -
Gap Inc. reverses plans to spin off Old Navy
Analysts in recent months had grown skeptical of the split, devised by former CEO Art Peck last year, and frustrated by a lack of details surrounding it.
By Daphne Howland • Jan. 16, 2020 -
Bose to close all US stores
All locations in North America, Europe, Japan and Australia will shutter, with the company citing that its products are increasingly purchased online.
By Kaarin Moore • Jan. 16, 2020 -
Payless is out of bankruptcy — again — as it eyes US market
The shoe retailer has new management, and plans to build on its international business and grow again in North America as it exits Chapter 11 a second time.
By Ben Unglesbee • Jan. 16, 2020 -
Moody's warns department stores to brace for another tough year
More stores will have to close for the sector to regain its footing, the ratings firm said Wednesday.
By Daphne Howland • Jan. 16, 2020 -
Target 'stumbled' in the holidays as sales fell short
Even as comparables missed the retailer's expectations, Target boosted sales and market share in some key categories.
By Ben Unglesbee • Jan. 15, 2020 -
Under Armour taps celebrity athletes for global ad campaign
"We want to be a really quiet company and a really loud brand," founder and executive chairman Kevin Plank said at the NRF's Big Show.
By Dianna Christie , Daphne Howland • Jan. 15, 2020 -
Express cuts 10% of corporate workforce
The apparel retailer is embarking on a new growth strategy developed under the leadership of former Macy's merchandising chief Tim Baxter.
By Daphne Howland • Jan. 15, 2020 -
Walmart expands robots to 650 additional stores
That brings the tech to 1,000 total locations, but a spokesperson noted that the company views robots as "assistants to the associates and their jobs."
By Tatiana Walk-Morris • Jan. 14, 2020 -
Crate and Barrel halts holiday TV ads for the first time
At NRF's Big Show, CEO Neela Montgomery said the retailer refocused marketing dollars on social channels like Instagram.
By Caroline Jansen • Jan. 14, 2020 -
In reversal, Away's Steph Korey to take on co-CEO role
Former Lululemon executive Stuart Haselden was previously tapped to take over as CEO, but he will now share that responsibility with Korey.
By Cara Salpini • Jan. 13, 2020 -
Casper files for IPO
The mattress company became known for its bed-in-a-box model, and spent nearly half a billion dollars on marketing to become a known disruptor.
By Kaarin Moore • Jan. 13, 2020 -
Deep Dive
Keeping pace: A timeline of two years in athletics retail
From major executive departures to innovative store concepts and corporate culture incidents, here are a few of the biggest recent industry events.
By Cara Salpini • Jan. 13, 2020 -
The comeback of the brick-and-mortar store
A key takeaway from the NRF's Big Show is that retail's future lies squarely between four walls as customer acquisition costs mount.
By Daphne Howland • Jan. 13, 2020 -
Kohl's CEO: 'Amazon is working'
Speaking at the NRF's Big Show, Michelle Gass defended the retailer's returns partnership with the e-commerce giant after a disappointing holiday.
By Caroline Jansen • Jan. 13, 2020 -
Party City fills CFO slot with retail vet as it tries to rebound from sluggish 2019
Todd Vogensen, currently CFO of Chico's, will be tasked with helping the party goods chain improve its bottom line after a year of declining sales.
By Jane Thier • Jan. 12, 2020 -
Pier 1 downgraded by Moody's
Just days ago the retailer signaled it could close nearly half its store fleet, though analysts question whether that's enough to stem losses.
By Caroline Jansen • Jan. 10, 2020 -
PVH completes sale of Speedo North America for $170M
Pentland Group will now operate the Speedo business worldwide.
By Daphne Howland , Kaarin Moore • Updated April 7, 2020 -
Target launches private label activewear line
The mass merchant touted the "All in Motion" brand's prices, inclusive sizing and sustainable fabrics as it takes aim at the sportswear market.
By Ben Unglesbee • Jan. 10, 2020 -
WWD: Amazon to sell luxury fashion
The high-end platform would provide a level of control not usually granted to brands, and would be a departure for the e-commerce giant.
By Daphne Howland • Jan. 10, 2020 -
Bed Bath & Beyond to delay closure of 20 stores
After reporting "unsatisfactory" third quarter results, the troubled retailer withdrew its full-year outlook.
By Caroline Jansen • Jan. 9, 2020 -
Holiday sales by the numbers: Target same-store sales up 1.4%, miss estimates
The retailer's overall sales were dragged down by comp declines in electronics and home, while toys — an important category in the period — remained flat.
By Ben Unglesbee , Daphne Howland • Updated Jan. 16, 2020 -
Lululemon names Nike veteran first chief brand officer
Nikki Neuburger spent 14 years at the global sportswear giant and oversaw the Nike Membership division, among other things.
By Cara Salpini • Jan. 9, 2020 -
P&G snaps up women's shaving disruptor Billie
The CPG giant wants to invigorate its grooming business by combining consumer insights, digital capabilities and innovation with another DTC buy.
By Robert Williams • Jan. 9, 2020