Financial News: Page 137
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Moody's slashes outlook for department stores — again
Retailers in the segment are struggling to match inventory with demand, and continue to lose share to off-pricers and discounters.
By Daphne Howland • Dec. 10, 2019 -
Ascena crushes profit estimates but sales still sag
Cost cuts helped push the apparel company's operating income over 30 times higher than last year, but comparable sales fell at most banners.
By Ben Unglesbee • Dec. 10, 2019 -
Travel specialist Hudson plans revamped stores, mobile app for 2020
The airport newsstand is rolling out modular walls and self-checkout as it looks to make its stores more flexible in a burgeoning market.
By Ben Unglesbee • Dec. 9, 2019 -
SEC charges former Iconix executives with fraud
The complaint against the company's former CEO and COO alleges they devised a fraudulent scheme to create fictitious revenue.
By Robert Freedman • Dec. 9, 2019 -
Kendall Davis / Retail Dive
Dive Awards
The Retail Dive Awards for 2019
From old-school retailers redefining stores, to younger brands disrupting the industry, these are the companies and executives that shaped retail this year.
By Retail Dive Team • Dec. 9, 2019 -
Nordstrom
Dive Awards
Store Concept of the Year: Nordstrom Local
The retailer's merchandise-free concept store stands out as a smart differentiator for Nordstrom and, potentially, its savior.
By Cara Salpini • Dec. 9, 2019 -
Dive Awards
Retailer of the Year: Walmart
The retailer became the largest in the world by focusing on its core business and retail fundamentals. Why try to be something it's not at this point?
By Ben Unglesbee • Dec. 9, 2019 -
Courtesy of Kohl's
Dive Awards
Executive of the Year: Michelle Gass, Kohl's
Under its CEO, 2019 was a year of innovation for the retailer as it pushed for increased foot traffic, streamlined its supply chain and rolled out new partnerships.
By Kaarin Moore • Dec. 9, 2019 -
ThredUp
Dive Awards
Disruptor of the Year: ThredUp
The resale company this year has forged partnerships with traditional players like Macy's and J.C. Penney, while also investing in its digital platform.
By Caroline Jansen • Dec. 9, 2019 -
RTW to shutter up to 30 stores in coming weeks
The retailer formerly known as New York & Co. is struggling in a highly challenged segment that is particularly tough for mid-priced apparel.
By Daphne Howland • Dec. 6, 2019 -
Macy's launches SoGifted shop to highlight female entrepreneurs
The offering can be found at seven locations during the holidays, and comes in the midst of leadership changes at the department store.
By Tatiana Walk-Morris • Dec. 6, 2019 -
Debtwire: Pier 1 hires financial advisers
With cash dwindling, investors have been "on edge" about the home good retailer's ability to repay its debt, which as of Aug. 31, stands at $258.9 million.
By Caroline Jansen • Dec. 6, 2019 -
Courtesy of Ulta
Ulta says makeup headwinds are here for 'a while'
Despite a weak cosmetics market in the U.S., CEO Mary Dillon highlighted growth in categories like skincare, which is helping the retailer adapt.
By Cara Salpini • Dec. 6, 2019 -
Target
Target deepens NYC presence with Times Square store plans
Set for 2022, the location will be the retailer's 10th in Manhattan as the company continues betting on its successful small-format stores.
By Ben Unglesbee • Dec. 6, 2019 -
Dollar stores blaze ahead in Q3 with sector opening more than 1,000 new stores
Dollar General, Five Below and Dollar Tree all pushed their sales forward in the period as they tested new merchandising initiatives, including pricier products.
By Ben Unglesbee • Dec. 5, 2019 -
Tiffany shrugs off declines with LVMH in the wings
With the French conglomerate poised to take on the jeweler's challenges, executives and analysts took a breath despite a disappointing third quarter.
By Daphne Howland • Dec. 5, 2019 -
Rent the Runway
Rent the Runway partners with W Hotels
The clothing rental company will supply a travel wardrobe to guests upon their arrival at the luxury hotels.
By Kaarin Moore • Dec. 5, 2019 -
Courtesy of J. Jill Inc.
J. Jill CEO steps down as sales fall nearly 5% in Q3
A retail veteran on the apparel seller's board is taking over as interim chief after Linda Heasley left the company.
By Ben Unglesbee • Dec. 5, 2019 -
Hal Lawton out at Macy's
Leaving his role as president of the department store at a vulnerable time, he'll replace Greg Sandfort as CEO of "rural lifestyle retailer" Tractor Supply.
By Daphne Howland • Dec. 5, 2019 -
Lululemon
Lululemon could reach Nike-like profits, Cowen analysts say
The athleisure brand could hit $1 billion in free cash flows as it looks to grow its men's, women's, digital and international businesses.
By Ben Unglesbee • Dec. 4, 2019 -
Courtesy of Casper
Casper builds out exec team
Emilie Arel, former CEO of FullBeauty Brands, steps into the chief commercial officer role and Ben Clark arrives as CTO from Wayfair.
By Caroline Jansen • Dec. 4, 2019 -
Out of compliance: How delisting distracts from a turnaround
The threat of removal from a stock exchange presents struggling retailers with yet another problem. Expect more of it to happen.
By Daphne Howland • Dec. 4, 2019 -
Courtesy of Glossier
Glossier pops up in 7 Nordstrom locations
The partnership is focused on highlighting the brand's Glossier You fragrance, which is the only product that will be sold at the locations.
By Cara Salpini • Dec. 4, 2019 -
J.C. Penney hires new chief digital officer
The previous digital chief of Pandora Jewelry is stepping into the role at the department store chain, which has been losing online share for years.
By Ben Unglesbee • Dec. 3, 2019 -
Madewell IPO gets the green light from lenders
J. Crew's plan to spin off its denim brand and take it public is on amid a widening loss from underwhelming sales at the namesake brand.
By Daphne Howland • Dec. 3, 2019
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