Financial News: Page 151
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The Container Store opens new retail concept in LA
The location is dedicated solely to its Custom Closets business, indicating the company is placing greater emphasis on offering solutions over products.
By Caroline Jansen • July 31, 2019 -
J.C. Penney replaces head of stores
Michael Robbins, chief of stores and supply chain, is on his way out, with Shopko vet Jim DePaul set to take over store operations.
By Ben Unglesbee • July 31, 2019 -
Gucci hires diversity chief
The luxury Italian label hopes to change its internal culture and global brand strategy following controversial missteps earlier this year.
By Daphne Howland • July 31, 2019 -
Amazon adds styling service to Prime Wardrobe
The $5-a-month personalized shopping platform uses humans to help generate apparel recommendations, driving Wardrobe deeper into Stitch Fix's territory.
By Ben Unglesbee • July 30, 2019 -
Kaarin Vembar/Retail Dive
Under Armour execs 'bullish' on North America
Despite missed expectations and a revenue decline in the region, executives are confident in a five-year turnaround now in its second quarter.
By Cara Salpini • July 30, 2019 -
Ralph Lauren still sluggish at home
The brand is gaining fans at home among younger consumers, but its clearest momentum is found in China.
By Daphne Howland • July 30, 2019 -
UBS: 'Off-price is increasingly competing with itself'
Department store closures should be boosting the retailers further, but Amazon and others are attracting their best shoppers instead, the analysts said.
By Daphne Howland • July 30, 2019 -
Standard Cognition raises $35M for Amazon Go-like tech
The startup claims unnamed retailers are testing its technology for their stores.
By Tatiana Walk-Morris • July 29, 2019 -
WWD: J. Crew cuts 'dozens' of corporate staff at namesake brand
The company can only ramp up newer, better-performing Madewell so fast, making expense cuts critical.
By Daphne Howland • July 29, 2019 -
Costco releases digital membership card
The feature allows members to use the retailer's app in lieu of a physical card when entering the warehouse and checking out.
By Tatiana Walk-Morris • July 29, 2019 -
Ascena names new CFO
The apparel group has trimmed its operations and unloaded Maurices and Dressbarn, but its financial struggles continue.
By Daphne Howland • July 29, 2019 -
Deep Dive
Can retailers break up with the mall?
When a once-healthy relationship goes bad, stores can change or leave. But where will they go?
By Daphne Howland • July 29, 2019 -
J.C. Penney added to Fitch's 'loans of concern' list
All three major ratings firms this week pointed to continued financial risk in the retail industry as consumers keep shifting online and debt loads weigh businesses down.
By Ben Unglesbee • July 26, 2019 -
Toymakers aren't playing around as sales stabilize
Hasbro and Mattel continue to make progress retooling operations in a segment saturated by digital and abandoned by its biggest retail channel.
By Daphne Howland • July 26, 2019 -
ModCloth launches outlet site
The new discount section of the apparel brand's website is meant to win new shoppers and get in on retail's main clearance period.
By Ben Unglesbee • July 26, 2019 -
Amazon profits miss as expenses surge
The company's AWS cloud unit may have slipped, but its retail operations demonstrated some uncharacteristic vigor even before Prime Day.
By Daphne Howland • July 26, 2019 -
Private equity owners have killed 600K retail jobs, report says
Buyouts by investment firms have resulted in dozens of retailers being heavily indebted over the years, leaving many of them bankrupt or vulnerable.
By Ben Unglesbee • July 25, 2019 -
Cara Salpini/Retail Dive
Nike sells Hurley to Bluestar Alliance
The deal was made to allow the sportswear giant to focus on investments in its Consumer Direct Offense.
By Cara Salpini • Updated Oct. 30, 2019 -
Best Buy taps new CFO from within
Matt Bilunas is being promoted to replace Corie Barry, who became chief executive last month.
By Daphne Howland • July 25, 2019 -
EBay to launch end-to-end fulfillment service for sellers
The service, called Managed Delivery, will allow high-volume sellers to store, pack and ship orders through eBay's network of approved third-party vendors.
By Morgan Forde • July 25, 2019 -
New York City moves to collect retail vacancy data
The metropolis is losing storefronts of all stripes as rents spike, leaving a blighted cityscape despite the economic boom.
By Daphne Howland • July 25, 2019 -
Head of Gap's Athleta takes on exec role at Old Navy
Nancy Green, who led the athletic brand as it doubled sales, will return to the discount banner as it prepares to spin off.
By Ben Unglesbee • July 24, 2019 -
Textile waste has increased 811% since 1960
More clothing is being purchased than ever before, but these items are worn fewer times, leading to skyrocketing waste.
By Matt Leonard • July 24, 2019 -
VF Corp boosts outlook as Vans continues its momentum
The company's new fiscal year started out with strong sales, especially in its direct-to-consumer business.
By Daphne Howland • July 24, 2019 -
Bed Bath & Beyond cuts corporate staff by 7%, including COO
Eugene Castagna was out the door Tuesday after 25 years at the home goods retailer, five of them in a role that now no longer exists.
By Daphne Howland • July 24, 2019
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