Financial News: Page 145
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Nordstrom promotes digital chief to new COO role
Ken Worzel has been at the company for almost a decade and is now tasked with coordinating the retailer's online and physical operations.
By Daphne Howland • Sept. 20, 2019 -
Victoria's Secret price hikes could hurt
The brand may not be moving swiftly enough in the transformation of its merchandising or marketing to justify its new price points, per data from UBS.
By Daphne Howland • Sept. 20, 2019 -
UBS: Tariffs, store closings mean easy pickings for off-price retailers
As other retailers cancel orders, opportunity abounds for stores like T.J. Maxx to buy inventory at even deeper discounts.
By Matt Leonard • Sept. 20, 2019 -
Toys R Us, Candytopia partner for experiential pop-ups
The concepts include interactive playrooms and brand installations, and are headed for Chicago and Atlanta during the holiday season.
By Ben Unglesbee • Sept. 19, 2019 -
Madison Reed to open 600 stores by 2024
Through a joint venture with consulting firm Franworth, the hair color startup is planning to rapidly expand its Color Bar locations.
By Cara Salpini • Sept. 19, 2019 -
Casper jumps on the CBD bandwagon with sleep gummies
The mattress brand is among the latest to capitalize on the $150 billion cannabis market.
By Caroline Jansen • Sept. 19, 2019 -
Opinion
There's a farm in my grocery store: The new rules of retail engagement
All retailers are in a very tight spot right now — grocery stores offer many obvious proof points, writes The Hershey Experience's Suzanne Jones.
By Suzanne Jones • Sept. 19, 2019 -
Chewy posts $82.9M loss in Q2
However, the pet e-tailer, which went public in June, reported stronger than expected sales gains.
By Caroline Jansen • Sept. 18, 2019 -
Stage Stores to nix department stores, go all-in on off-price
The retailer plans to convert nearly all of its remaining stores to the Gordman's banner, which it acquired out of bankruptcy in 2017.
By Ben Unglesbee • Sept. 18, 2019 -
Destination Maternity considers possible sale after dismal Q2
The struggling retailer said it was mulling strategic alternatives, both a possible merger and stand-alone options, as top-line, comparable and e-commerce sales fell.
By Ben Unglesbee • Sept. 17, 2019 -
Walmart reimagines once-defunct Scoop as private label fashion line
The boutique retailer, which closed its last stores more than three years ago, has a new life as an owned value brand for the retail giant.
By Ben Unglesbee • Sept. 17, 2019 -
Founder Marla Beck to stay on as Bluemercury CEO
Parent company Macy's had previously announced Beck, and her co-founder and husband Barry Beck, would exit the business.
By Daphne Howland , Cara Salpini • Updated Feb. 21, 2020 -
Amazon announces Chicago tech hub expansion, 400 new hires
The company stated it has created more than 11,000 full-time jobs and invested more than $4.4 billion in Illinois since 2010.
By Tatiana Walk-Morris • Sept. 17, 2019 -
Charming Charlie IP sold for $1.1M in bankruptcy
The asset sale to a company owned by the retailer's founder comes after the liquidation of brick-and-mortar operations in Chapter 11.
By Ben Unglesbee • Sept. 16, 2019 -
J. Crew losses mount ahead of Madewell IPO plans
The company said on Friday that proceeds from going public will go to pay down its growing debt.
By Daphne Howland • Sept. 16, 2019 -
Retail sales gains moderate in August
News of surging oil prices Monday isn't likely to calm increasingly edgy U.S. consumers.
By Daphne Howland • Sept. 16, 2019 -
Target looks to Good & Gather to define its grocery business
The private label line will be the company's biggest own brand ever, Stephanie Lundquist, executive vice president of food and beverage, said at Groceryshop.
By Jessica Dumont • Sept. 16, 2019 -
Can J.C. Penney's Jill Soltau pull off the ultimate retail Hail Mary?
The retailer's CEO is tasked with turning the company around, but recent setbacks show just how difficult that's going to be.
By Ben Unglesbee • Sept. 16, 2019 -
Madewell files for IPO
J. Crew Group Inc. said it plans to spin off the denim brand, according to an SEC document filed Friday afternoon.
By Kaarin Moore • Sept. 13, 2019 -
More than 7K stores have closed in 2019
The closures, tracked by consulting firm BDO, already surpass any previous full-year total.
By Ben Unglesbee • Sept. 13, 2019 -
Gap Inc. taps global franchises to expand Athleta, Janie & Jack
The retailer is wasting little time in jump-starting growth as it prepares to let go of its best-performing Old Navy brand.
By Daphne Howland • Sept. 13, 2019 -
Madewell releases Dickies collection for women, expands men's for fall
Owner J. Crew has been furiously working to grow the brand, opening stores as it closes namesake locations and shrinks its own operations.
By Daphne Howland • Sept. 13, 2019 -
Spinoff means expansion for Old Navy as Gap Inc. goes lean
"These are two very different business models," Gap Inc. CFO Teri List-Stoll told analysts Thursday morning.
By Daphne Howland • Sept. 12, 2019 -
Tailored Brands stock tumbles despite 'green shoots'
CEO Dinesh Lathi emphasized the company needs time for a turnaround that includes adjusting to weak demand for off-the-rack suits.
By Daphne Howland • Sept. 12, 2019 -
Loss widens at HBC as margins shrink
Highly promotional activity, particularly at Saks, hit hard and indicates some turmoil in luxury retail.
By Daphne Howland • Sept. 12, 2019