Financial News: Page 148


  • 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 All in Motion activewear line
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    Retrieved from Target on January 10, 2020
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    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
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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
  • Court rules Walmart must pay drivers $54.6M for layover, break time

    The drivers filed a class-action suit seeking back pay for time spent in layover, on break or in inspections.

    By Matt Leonard • Jan. 9, 2020
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    Lowe's
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    Ex-Taco Bell brand chief Marisa Thalberg lands at Lowe's

    In a statement, the retailer's CEO, Marvin Ellison, called out Thalberg's expertise in building "culturally resonant brands."

    By Peter Adams • Jan. 8, 2020
  • Walgreens centers strategy on cost cuts

    The drugstore's problem lies in outdated stores, where its greatest retail strength, beauty, underperformed against the wider market.

    By Jan. 8, 2020
  • Kohl's shares downgraded by Cowen as it faces sales, margin pressures

    The department store has plenty working in its favor but plays in a troubled sector and needs to find ways to win over younger shoppers, analysts say. 

    By Jan. 8, 2020
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    Bloomscape
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    West Elm partners with DTC plant brand Bloomscape

    The collaboration marks the direct-to-consumer company's first with a major retailer and follows a late 2019 Series A funding round of $7.5 million.

    By Jan. 8, 2020
  • Macy's says it will close 29 stores

    While its holiday sales decline wasn't as steep as feared, the department store is once again reducing its fleet.

    By Jan. 8, 2020
  • Pier 1 to close up to 450 locations

    The decision to reduce its footprint by nearly half follows a report the retailer is cutting corporate staff by 40% and has drafted a bankruptcy plan.

    By Jan. 7, 2020
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    Retrieved from Target on December 06, 2019
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    Placer.ai: Target, Bed Bath & Beyond, CVS and Ulta poised to win in 2020

    Some of the strongest players in their sectors could make even more gains, while the industry watches to see if Bed Bath & Beyond can turn itself around. 

    By Jan. 7, 2020
  • Avon names new CEO

    The appointment of Angela Cretu, who has been with the company for more than 20 years, comes as Natura closed a deal to acquire the cosmetics brand.

    By Jan. 7, 2020
  • Forever 21 relaunches international e-commerce

    In partnership with cross-border e-commerce platform Global-e, the bankrupt fast-fashion retailer aims to capture sales after closing most overseas stores.

    By Jan. 7, 2020
  • Bed Bath & Beyond strikes real estate deal worth $250M

    The proceeds from the sale-leaseback transaction will be used in part to repay a portion of the retailer's $1.5 billion worth of debt.

    By Jan. 6, 2020
  • A Hudson's Bay storefront
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    "Hudson's Bay" by Jeff Hitchcock is licensed under CC BY 2.0
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    HBC shareholders overwhelmingly approve take-private deal

    The Canadian retailer will exit the Toronto exchange in early March and attempt a turnaround out of the public sphere.

    By , Updated Feb. 28, 2020
  • Ikea ends US sales on Amazon

    The Swedish furniture retailer is among the latest to exit the marketplace, following Nike's recent departure from the platform.

    By Jan. 6, 2020
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    Courtesy of Nordstrom
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    Nordstrom rises as JP Morgan boosts stock target

    The retailer is showing how Local stores and other inventory strategies are differentiating it from its department store peers.

    By Jan. 6, 2020
  • Lowe's to hire more than 53K this spring

    The announcement comes just months after the retailer reportedly told "thousands" of store-level workers it was eliminating their positions.

    By Jan. 3, 2020
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    Courtesy of Hudson Group
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    Retailers led job cuts in 2019

    December's downsizing decreased, however, thanks to a "wait and see" approach going into 2020, according to Challenger, Gray & Christmas.

    By Jan. 3, 2020