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 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
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    Kendall Davis for Retail Dive
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    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 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 Jan. 16, 2020
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    Kaarin Vembar for Retail Dive
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    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 Jan. 16, 2020
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    Cara Salpini for Retail Dive
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    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 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 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 , Jan. 15, 2020
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    Express
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    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 Jan. 15, 2020
  • A shelf-scanning robot at a Walmart store
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    Walmart
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    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
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    National Retail Federation
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    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 Jan. 14, 2020
  • Away founders Steph Korey and Jen Rubio
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    Courtesy of Away
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    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 Jan. 13, 2020
  • Casper
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    Courtesy of Casper
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    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 Jan. 13, 2020
  • Athletic apparel, sports bras, sneakers, athletics retailer
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    Photo illustration by Danielle Ternes / Retail Dive, photo by Juanmonino via Getty
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    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 Jan. 13, 2020
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    Nordstrom
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    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 Jan. 13, 2020
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    National Retail Federation
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    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 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 Jan. 10, 2020
  • PVH completes sale of Speedo North America for $170M

    Pentland Group will now operate the Speedo business worldwide.

    By , 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 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 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 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 , Updated Jan. 16, 2020
  • Nikki Neuburger, Chief Brand Officer of Lululemon
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    Lululemon
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    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 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