Financial News: Page 140
-
Sears disappearing act rolls on with nearly 100 new closures
The most recent wave of liquidations would leave the ailing retailer with 182 stores.
By Ben Unglesbee • Nov. 8, 2019 -
Express debuts DTC brand UpWest
The new venture, which the company calls a "purpose-driven lifestyle brand" is focused on everyday casual apparel.
By Kaarin Moore • Nov. 8, 2019 -
Party City's October sales a 'disaster' with Halloween stores down 21%
Executives said the retailer hasn't lost market share in the physical channel for costumes, but the slowdown at the company's stores was so big that might be of scant consolation.
By Ben Unglesbee • Nov. 8, 2019 -
Tommy Hilfiger to transition design process to digital
The apparel brand has established a tech incubator dedicated to training employees on its 3D design platform.
By Lisa Rowan • Nov. 8, 2019 -
Deep Dive
Art Peck's abrupt exit might be Gap's last chance
With the ouster of its CEO, the apparel giant may have thrown cold water on its plan to spin off its discount brand. What now?
By Daphne Howland • Nov. 8, 2019 -
Art Peck out at Gap Inc.
The longtime CEO was set to lead the new "Gap Inc." after Old Navy spins off. Instead, Board Chairman Robert Fisher, of the founding family, takes over in the interim.
By Daphne Howland • Updated Nov. 7, 2019 -
The RealReal defends authentication record
The company staked its reputation on claims that no other reseller is better at fighting fakes, but an investigative CNBC report couldn't come at a worse time.
By Daphne Howland • Updated Nov. 7, 2019 -
Ralph Lauren turns to rental, resale as turnaround sticks
The company had a good quarter in all regions and is confident enough to begin raising prices and scaling back promotions, executives said Thursday.
By Daphne Howland • Nov. 7, 2019 -
Debtwire: Papyrus considers store closures as it negotiates with landlords
The paper product specialist is reportedly trying to win rent concessions from landlords as mall-based specialty retailers across the board struggle.
By Ben Unglesbee • Nov. 7, 2019 -
Walgreens reportedly mulling massive private equity buyout
The drugstore retailer is exploring a possible go-private deal, which would be the largest leveraged buyout in history, according to multiple media reports.
By Ben Unglesbee • Nov. 6, 2019 -
CVS will shutter 75 stores next year
Where rivals are shuttering locations by the hundreds, CVS is trimming underperforming ones as it expands its Health Hub healthcare concept.
By Daphne Howland • Nov. 6, 2019 -
Amazon launches Small Business Academy program
The company will offer seminars, webinars, and community college courses for starting and growing an online business.
By Lisa Rowan • Nov. 6, 2019 -
5 high-profile CEO exits in retail this year
Now, more than ever, chief executives are seen as the face of a company, and 2019 has already seen the highest number of departures on record.
By Kaarin Moore • Nov. 6, 2019 -
Pier 1 appoints Robert Riesbeck CEO
He steps into the role at a critical time for the home goods retailer, as it faces falling sales, growing losses and a possible NYSE delisting.
By Caroline Jansen • Nov. 5, 2019 -
Birchbox to pop up in 500 Walgreens stores for the holidays
The shop-in-shops will be positioned in a "grab-and-go holiday gifts" format and feature themed boxes, subscription gift cards, travel-sized items and more.
By Cara Salpini • Nov. 5, 2019 -
Tapestry holds steady amid department store woes
The accessories and apparel conglomerate is facing headwinds that include a fundamental shift in what shoppers want in their handbags.
By Daphne Howland • Nov. 5, 2019 -
Where does Barneys go now?
One flagship isn't going anywhere for at least a year, and that's a good sign. But its fate is now in the hands of a brand conglomerate — and Saks Fifth Avenue.
By Daphne Howland • Nov. 5, 2019 -
David's Bridal cuts a deal for $55M in new capital
The wedding apparel retailer also worked with lenders to reduce its debt as it looks to modernize operations and heal its balance sheet.
By Ben Unglesbee • Updated Nov. 5, 2019 -
Barneys Madison Avenue gets a new lease on life
New owner Authentic Brands Group agreed to keep the location open for a year as the iconic retailer begins a new phase, but liquidation sales begin this week.
By Daphne Howland • Nov. 4, 2019 -
Under Armour faces investigation into accounting practices
Executives said they believe their actions were appropriate in response to a Wall Street Journal report that the brand made itself appear healthier.
By Cara Salpini • Nov. 4, 2019 -
Deep Dive
Retail fails: 6 of the biggest blunders from industry history
Target's Canadian misadventure, the marriage of Sears and Kmart, J.C. Penney's misbegotten transformation — if only hindsight were foresight.
By Ben Unglesbee • Nov. 4, 2019 -
WWD: Forever 21 shuttering all its Riley Rose beauty stores
A notice on the beauty retailer's web page directs shoppers to a tab on the parent company's site, suggesting its products will soon be sold only online.
By Daphne Howland • Nov. 1, 2019 -
Lululemon invests in tech fitness startup Mirror
The tech company sells a home fitness system that displays on a full-length mirror, and has secured $72 million in financing to date.
By Lisa Rowan • Nov. 1, 2019 -
Price wars, investment costs dampen Moody's outlook on retail
Analysts with the ratings firm slashed their expectations for this year's growth in profit and sales, though not all sectors are feeling the pain.
By Ben Unglesbee • Nov. 1, 2019 -
B8ta snaps up $50M from investors, including Macy's
The startup also announced the launch of Ark Marketplace, a tech platform that enables retailers to use the company's store technology.
By Tatiana Walk-Morris • Nov. 1, 2019