Financial News: Page 147
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CEO Victor Luis is out at Tapestry
Board Chairman Jide Zeitlin is taking over after disappointments at Kate Spade, though the company reiterated its multi-brand strategy.
By Daphne Howland • Sept. 4, 2019 -
Walmart to stop some ammunition sales in response to shootings
The retailer expects to lose significant market share in the category, a decision that follows shootings in its own stores.
By Ben Unglesbee • Sept. 4, 2019 -
Neiman Marcus ventures into the mattress space
The luxury department store's move indicates that the already saturated category hasn't reached its peak yet.
By Caroline Jansen • Sept. 4, 2019 -
American Eagle slides despite record revenue
Margins are under pressure, especially in denim, but executives expressed optimism as store sales performance outpaced malls.
By Daphne Howland • Sept. 4, 2019 -
Neiman Marcus CFO leaves after less than 18 months
The position has been a revolving door for the department store, which also announced a new chief merchant.
By Daphne Howland • Sept. 4, 2019 -
Stitch Fix acquires IP of wardrobe tech company Finery
The startup fits with the styling service's focus on helping customers fill their closets, but it's not clear yet how it will be leveraged.
By Daphne Howland • Sept. 3, 2019 -
Fred's CFO resigns
The discount retailer has been closing stores at a rapid rate as it tries to align costs with falling sales.
By Ben Unglesbee • Sept. 3, 2019 -
Deep Dive
Benchwarmers: What a decade of data says about gender equality at sportswear brands
At the top five sportswear brands, Retail Dive found that a combined total of 23% of top executives are women and 27% of board members are women.
By Cara Salpini • Sept. 3, 2019 -
Fitch joins S&P in downgrading J.C. Penney on turnaround uncertainty
Analysts with the ratings agency said they expected traffic and apparel sales to continue their downward slides.
By Ben Unglesbee • Updated Sept. 19, 2019 -
In challenge to CVS, Walmart to pilot healthcare store concept
The retail giant already runs several clinics and is positioned well to expand its services at a time when Americans face mounting medical costs.
By Daphne Howland • Aug. 30, 2019 -
Puma opens flagship store with sports, product tech
Shoppers can train with soccer stars and virtually race around New York.
By Tatiana Walk-Morris • Aug. 30, 2019 -
Ulta lowers guidance on weak cosmetics market
CEO Mary Dillon said cosmetics, which makes up about 50% of the retailer's business, has been "challenged" in the U.S. market lately.
By Cara Salpini • Aug. 30, 2019 -
AI platform Stylitics raises $15M in Series B funding
The outfitting tech company saw a 350% increase in revenue and recently added retailers Ann Taylor, Calvin Klein, Gap and Macy's.
By Tatiana Walk-Morris • Aug. 29, 2019 -
Dollar stores in Q2: Dollar General taps new COO, Five Below eyes 150 new stores
While Dollar General and Five Below together opened hundreds of new stores, Dollar Tree shuttered nearly 300 Family Dollar stores.
By Ben Unglesbee • Aug. 29, 2019 -
Does Le Tote hold a new beginning or the end for Lord & Taylor?
The department store is getting its last chance from an apparel rental service. If the strange deal works, it could be a game-changer for both. But the real winner may be HBC.
By Daphne Howland • Aug. 29, 2019 -
Williams-Sonoma pulls inventory forward to mitigate tariff impact
CEO Laura Alber told analysts the company is also on track to move half of its production out of China by next year.
By Caroline Jansen • Aug. 29, 2019 -
Tariffs could take $6M bite out of Abercrombie & Fitch Co. bottom line
The apparel company's already slow recovery isn't helped by new and proposed levies, and it's moving to source less from China.
By Daphne Howland • Aug. 29, 2019 -
WSJ: Forever 21 nears bankruptcy
The newspaper reported that the teen retailer could file as early as Sunday, but the company disputed the report.
By Ben Unglesbee • Updated Sept. 12, 2019 -
Best Buy narrows outlook amid trade levies
With a broad assortment, strong omnichannel and high-touch services, the electronics retailer is poised to weather the uncertainty, analysts say.
By Daphne Howland • Aug. 29, 2019 -
Charming Charlie IP goes on the auction block
The retailer's assets include customer databases for 7 million loyalty members, 6.8 million opt-in email addresses and 3 million physical addresses.
By Ben Unglesbee • Aug. 28, 2019 -
Hong Kong unrest undermines Tiffany's strength
The famed jeweler needs the China market more than ever as sentiment falters among consumers at home, signaling trouble for the holidays.
By Daphne Howland • Aug. 28, 2019 -
Liberty Tax to buy beleaguered Sears Hometown's Outlet business for $133M
The acquisition follows a deal by the reconstituted Sears to buy the Hometown business and adds to the tax prep company's growing lretail business.
By Ben Unglesbee • Aug. 28, 2019 -
Soma lifts Chico's in Q2
The retail company swung to a loss in the period, but executives expressed confidence in the turnarounds at White House Black Market and its namesake.
By Daphne Howland • Aug. 28, 2019 -
L Brands hit with class action over financial disclosures
A shareholder lawsuit alleges the retailer painted a misleading picture about its ability to pay out dividends in the face of profit declines.
By Ben Unglesbee • Aug. 27, 2019 -
DTC bedding brand Boll & Branch raises $100M
The startup, focused on sustainability and social impact, said it will use the fresh funds to grow its selling channels and expand into adjacent categories.
By Caroline Jansen • Aug. 27, 2019