Financial News: Page 152
-
Ross shrugs off retail's apparel doldrums as comps spike 5%
Traffic and basket sizes drove sales gains. Looking ahead, the off-pricer could benefit from a young audience and opportunities in real estate and inventory.
By Ben Unglesbee • Nov. 22, 2019 -
Courtesy of Nordstrom
Nordstrom beats the odds
The department store defied the narrative established earlier this week by Kohl's and Macy's, though its third quarter did show some signs of weakness.
By Daphne Howland • Nov. 22, 2019 -
Charlotte Russe rapidly expands store fleet
The teen apparel retailer's new brand owner has already opened 135 stores, exceeding earlier predictions, an executive told Retail Dive.
By Cara Salpini • Nov. 22, 2019 -
Cara Salpini/Retail Dive
Will Macy's close more stores?
After a disappointing quarter dragged down by locations in lower-tier malls, CEO Jeff Gennette said the company will look hard at that fleet.
By Daphne Howland • Nov. 21, 2019 -
Victoria's Secret sales fall 7.6%, weighing down L Brands
The lingerie brand isn't yet following through on promised changes to merchandise and stores, leaving Bath & Body Works to carry the quarter.
By Daphne Howland • Nov. 21, 2019 -
Ascena downgraded by S&P
Analysts with the ratings agency expect the troubled apparel retailer to seek out a debt restructuring deal as it continues to post losses and weak sales.
By Ben Unglesbee • Nov. 21, 2019 -
Why Brooklinen won't open its first permanent store in SoHo
CEO Rich Fulop says its Brooklyn location is one of "a lot of stores" the brand plans to open.
By Cara Salpini • Nov. 21, 2019 -
Target 'crushed it' in Q3 as it beat estimates
Numbers across the board were strong, but perhaps the most impressive was a 10% increase in apparel, where the retailer is grabbing market share.
By Ben Unglesbee • Nov. 20, 2019 -
Lowe's hit with $53M charge
The charge resulted from a strategic review of its Canadian operations, which includes shuttering 34 underperforming stores in the region.
By Caroline Jansen • Nov. 20, 2019 -
Stella & Dot partners with Nordstrom
The move marks the first time the direct-to-consumer business will sell its goods at brick-and-mortar locations.
By Kaarin Moore • Nov. 20, 2019 -
Kaarin Vembar/Retail Dive
7 major store closure announcements from 2019 and why they matter
After a lull in 2018, retail shutterings accelerated this year. Bankruptcy liquidations were a major factor, but so were relatively healthy retailers paring their footprints.
By Ben Unglesbee • Nov. 20, 2019 -
How Lululemon's Mall of America megastore puts experiential retail on display
Roughly 10% of the brand's stores in the future could mirror the 19,000-square-foot store, which boasts events, workout studios and a smoothie bar.
By Cara Salpini • Nov. 20, 2019 -
TJX sales soar ahead of the holidays
The off-pricer appears to be doing a better job selling department store inventory than the department stores themselves.
By Daphne Howland • Nov. 19, 2019 -
Home Depot lowers fiscal guidance, again
The home improvement retailer also missed comp sales estimates for the fourth consecutive quarter.
By Caroline Jansen • Nov. 19, 2019 -
Kohl's lowers guidance amid tepid same-store sales
The retailer may be unable to take full advantage of its traffic-boosting Amazon tie-up because its stores are underwhelming, some analysts say.
By Daphne Howland • Nov. 19, 2019 -
Patagonia opens first Worn Wear store
The outdoor retailer's resale business has opened a pop-up in Colorado, which will exclusively sell used items and products from its new ReCrafted collection.
By Cara Salpini • Nov. 18, 2019 -
Coty acquires majority stake in Kylie Jenner's beauty business for $600M
The acquisition, which includes Kylie Jenner's Kylie Cosmetics and Kylie Skin, is expected to close in the third quarter of fiscal 2020.
By Cara Salpini • Nov. 18, 2019 -
Deep Dive
3 retail turnaround success stories, and 3 turnarounds to watch
History offers good and bad news for ailing retailers: Reversing negative sales and profit trends is possible, but mostly for the strongest players in the game.
By Ben Unglesbee • Nov. 18, 2019 -
Courtesy of Nordstrom
Nordstrom revamps merchandising team
After naming its first chief merchant in August, the department store is expanding a strategy first tested in Los Angeles.
By Daphne Howland • Nov. 18, 2019 -
Walmart names new Sam's Club CEO
The retailer tapped its bench of executives to fill the role, promoting Kathryn McLay from its Neighborhood Markets unit to replace John Furner.
By Ben Unglesbee • Nov. 15, 2019 -
J. C. Penney narrows loss, but comp sales drop 6.6%
The department store chain has a turnaround plan, and a "not-a-protoype" test store in Texas, but it lacks financial flexibility and time as sales tank.
By Ben Unglesbee • Nov. 15, 2019 -
Yujin Kim/Retail Dive
Amazon brand worth more than a third of a trillion dollars
The e-commerce giant moved to the top spot from No. 3 last year, leapfrogging Apple and Google in WPP and Kantar's annual ranking of the top 100 brands.
By Daphne Howland • Nov. 15, 2019 -
Dillard's beats expectations despite steep declines
The Southern department store is among the few traditional retailers expanding its stores.
By Daphne Howland • Nov. 14, 2019 -
Retrieved from Walmart on May 14, 2019
Walmart posts 41% online sales growth but hunts for margins
The retail giant posted another quarter of sales gains, but even its CEO noted "we need to do more and move faster" to profitably build out its digital store.
By Ben Unglesbee • Nov. 14, 2019 -
Column
SKU'd: The world doesn't need Ann Taylor
As offices get more casual, do sophisticated apparel basics even fit anymore?
By Kaarin Moore • Nov. 14, 2019
Previous
