Financial News: Page 154


  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    Under Armour faces investigation into accounting practices

    Executives said they believe their actions were appropriate in response to a Wall Street Journal report that the brand made itself appear healthier.

    By Nov. 4, 2019
  • Deep Dive

    Retail fails: 6 of the biggest blunders from industry history

    Target's Canadian misadventure, the marriage of Sears and Kmart, J.C. Penney's misbegotten transformation — if only hindsight were foresight.

    By Nov. 4, 2019
  • WWD: Forever 21 shuttering all its Riley Rose beauty stores

    A notice on the beauty retailer's web page directs shoppers to a tab on the parent company's site, suggesting its products will soon be sold only online.

    By Nov. 1, 2019
  • Lululemon invests in tech fitness startup Mirror

    The tech company sells a home fitness system that displays on a full-length mirror, and has secured $72 million in financing to date.

    By Lisa Rowan • Nov. 1, 2019
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    Marcin Kempa via Unsplash
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    Price wars, investment costs dampen Moody's outlook on retail

    Analysts with the ratings firm slashed their expectations for this year's growth in profit and sales, though not all sectors are feeling the pain.

    By Nov. 1, 2019
  • B8ta snaps up $50M from investors, including Macy's

    The startup also announced the launch of Ark Marketplace, a tech platform that enables retailers to use the company's store technology. 

    By Tatiana Walk-Morris • Nov. 1, 2019
  • Rite Aid downgraded over weak market position

    As the drugstore business becomes more complex, and competitors larger, Rite Aid's regional focus leaves it without scale, Fitch analysts warned. 

    By Oct. 31, 2019
  • Wayfair's net loss widens nearly 80%

    The home goods retailer continues to struggle with posting a profit, though CEO Niraj Shah pointed to revenue gains as reasons for optimism. 

    By Oct. 31, 2019
  • Etsy margins take a hit amid solid revenue growth

    The marketplace is wrestling to bring its Reverb acquisition into the fold and coax more sellers to offer free shipping, among other new initiatives.

    By Oct. 31, 2019
  • Moody's downgrades Nordstrom

    Additionally, UBS analysts lowered their stock rating from "neutral" to "sell" due to anticipated rough holiday selling and tariffs.

    By Oct. 30, 2019
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    Laura Heller
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    Walmart replaces Jenny Fleiss as head of Jetblack

    The co-founder of the Jet e-commerce site, Nate Faust, is set to take over the concierge service as Walmart reportedly looks to unload it. 

    By Oct. 30, 2019
  • Amazon unveils free grocery delivery

    Prime members will now get unlimited two-hour grocery deliveries for free from Amazon Fresh and Whole Foods.

    By Jessica Dumont • Oct. 30, 2019
  • CMOs are in a 'desperate fight for survival,' Forrester says

    A transition to digital is the key force behind the transformation of the role from brand-builders to data-focused, short-term revenue drivers.

    By Barry Levine • Oct. 30, 2019
  • Amazon is dominating the holiday price war

    The e-commerce player is out-pricing other online retailers by 20% on average, with Walmart not too far behind, according to Profitero. 

    By Oct. 29, 2019
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    Daphne Howland/Retail Dive
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    Nordstrom family ends latest effort to take control

    The Nordstroms and the board have also discussed succession planning, according to a filing Monday with the Securities and Exchange Commission.

    By Oct. 29, 2019
  • New Sears sells DieHard brand to Advance Auto Parts for $200M

    Under the deal, Transform Holdco can still sell the brand at Sears stores and extend it to non-automotive categories.

    By Updated Dec. 23, 2019
  • LVMH woos Tiffany with $14.5B bid

    The iconic American jeweler is reportedly ready to reject the offer, but several analysts see a marriage in the works.

    By Oct. 28, 2019
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    Retrieved from Walmart on October 24, 2019
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    Deep Dive

    Welcome back, Toys R Us. Your market is tougher than ever.

    After knocking the retailer out of existence last year, Walmart, Amazon and Target took over the toy category. This holiday season, they're playing to lock down market share. 

    By Oct. 28, 2019
  • Barneys morphs from department store to brand as $270M ABG bid prevails

    The final order in its bankruptcy was filed Friday by a judge who earlier this week said it was sad when it became clear stores would close.

    By Updated Nov. 1, 2019
  • Amazon's one-day shipping stokes sales but drains profits

    CFO Brian Olsavsky called the company's fulfillment expansion "drastic," and some analysts say that positions it to become a logistics company.

    By Oct. 25, 2019
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    Package Free
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    Retailers market sustainable stores to lure eco-conscious customers

    As shoppers weigh the environmental impact of their purchases, companies are realizing the ancillary benefits of going green. 

    By Tatiana Walk-Morris • Oct. 25, 2019
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    Retrieved from Ebay on July 24, 2019
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    EBay mulls options for StubHub, classifieds businesses

    Executives highlighted advertising as a bright spot in a mixed quarter, even as they indicated they are reviewing two top-performing revenue streams.

    By Oct. 24, 2019
  • A customer walks through an aisle of artificial Christmas trees in a Walmart store.
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    Courtesy of Walmart
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    Walmart kicks off holiday discount festivities early

    The retail giant is touting its discounts across gifting categories and an expanded suite of customer services as it goes to war with Amazon.

    By Oct. 24, 2019
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    Retrieved from Nike on October 23, 2019
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    Nike CEO Mark Parker to step down in January

    Board member and former CEO of eBay, John Donahoe, will be replacing him, as Parker stays on as executive chairman.

    By Oct. 23, 2019
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    Retrieved from Amazon on June 27, 2019
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    Amazon adds pickup counters to GNC, Stage Stores, Health Mart

    The e-commerce specialist is expanding its partner network for the Hub Counter program as locations reach into the thousands.

    By Oct. 23, 2019