Financial News: Page 155
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Target aims at Amazon as it preps for another Prime Day melee
The mass merchant highlighted its advantages over the e-tailer — at-store services and no membership required — in announcing its own sales event.
By Ben Unglesbee • June 26, 2019 -
David's Bridal hires new CEO
Replacing Scott Key is James Marcum, who has worked in private equity as well as with other distressed retailers like Circuit City and Ultimate Electronics.
By Ben Unglesbee • June 25, 2019 -
Chico's private equity suitor just won't quit
Sycamore Partners wants to add the women's apparel retail company to its portfolio, but the board isn't having it.
By Daphne Howland • June 25, 2019 -
Destination Maternity slashes jobs as it tries to contain costs
The apparel retailer aims to save up to $4.5 million and streamline its workforce as it continues to struggle with sales declines and a revolving C-suite.
By Ben Unglesbee • June 25, 2019 -
Amazon unveils beauty store for professionals
In a direct shot at Sally Beauty, the e-commerce giant debuted a platform geared toward professionals in the beauty space.
By Cara Salpini • June 25, 2019 -
How apparel earnings unfolded
Retail clothing companies had a rocky quarter. Here's how G-III, RTW Retailwinds, VF Corp and Vince stacked up.
By Daphne Howland • June 25, 2019 -
Sears Hometown bleeds money and sales ahead of acquisition
Comparable sales were down more than 13% at the retailer's flagship banner and sales overall were down nearly 24%.
By Ben Unglesbee • June 24, 2019 -
Photo by Erik Brolin on Unsplash
4 grocers that are turning stores into destinations
E-commerce sales may be growing, but the store is still the core asset for many retailers. Here's how a few are making their locations into more than just a weekly shop.
By Krishna Thakker • June 24, 2019 -
Reebok stretches into maternity apparel
A new collection features leggings and tank tops in high-stretch fabrics, as more athletics retailers try to grab a piece of the women's market.
By Cara Salpini • June 24, 2019 -
REI sunsets catalog, introduces print magazine
As part of the effort, the retailer plans to invest $100,000 in 10 local news organizations this year.
By Dianna Christe • June 24, 2019 -
Several HBC shareholders resist big CEO pay
About a quarter of the company's investors cast non-binding "no" votes on Helena Foulkes' $29.4 million package, among the highest in Canada.
By Daphne Howland • June 24, 2019 -
Deep Dive
Can a new owner rewrite the story of Barnes & Noble?
The bookseller has a healthy balance sheet and brand, as well as a buyer. But that may not be enough to turn around years of lost sales and dashed hopes.
By Ben Unglesbee • June 24, 2019 -
FullBeauty.com via YouTube
FullBeauty brings on new CEO
Jim Fogarty, who has experience in multi-brand retail and bankruptcy restructuring, replaces Emilie Arel in the role and on the board.
By Daphne Howland • June 21, 2019 -
EBay rolls out AI-based personalization features
The e-commerce company is using machine learning to further support individual shopping patterns.
By Tatiana Walk-Morris • June 21, 2019 -
pixabay
J.C. Penney and Macy's decry tariffs, warn of price hikes
Proposed import taxes would fall disproportionately on women, who are Penney's core shoppers, and would leave retailers with few short-term options.
By Ben Unglesbee • June 21, 2019 -
The image by Massachusetts Office of Travel & Tourism is licensed under CC BY-ND 2.0
Crate & Barrel acquires home decor brand Hudson Grace
While the addition is relatively small, it could indicate that Crate & Barrel is exploring options with smaller format stores.
By Caroline Jansen • June 20, 2019 -
Snap alum launches curated online store Verishop
The e-commerce storefront promises free two-day shipping and round-the-clock customer service.
By Lisa Rowan • June 20, 2019 -
Fred's to close another 129 stores as it pares down footprint
The ailing drugstore retailer said it was focused on simplifying its store base and paying down debt.
By Ben Unglesbee • Updated July 12, 2019 -
Lululemon
Lululemon shutters men's only stores
A company spokesperson said shoppers have reacted better to the athletics retailer as "a dual-gender brand."
By Cara Salpini • June 20, 2019 -
Barnes & Noble
Barnes & Noble sales fall 4%
The retailer managed to stem the losses from last year through cost cuts, but sales still declined in its fourth quarter and for the full fiscal 2019.
By Ben Unglesbee • June 19, 2019 -
Debtwire: Charming Charlie hires financial adviser
The apparel and accessories retailer has been struggling with its balance sheet and a "liquidity crisis" since emerging from bankruptcy last year.
By Ben Unglesbee • June 19, 2019 -
Tapestry names Abercrombie & Fitch exec new CFO
Joanne Crevoiserat is a seasoned retail executive who also did stints at Kohl's, Walmart and May Department Stores.
By Daphne Howland • June 19, 2019 -
Amazon takes down Spark discovery platform
The retailer will encourage users to save items on #FoundItOnAmazon instead.
By Lisa Rowan • June 18, 2019 -
Walmart expands wireless experts to 3K stores
To make it easier for customers to upgrade their cellphones, the big-box retailer will add wireless experts to an additional 600 stores.
By Tatiana Walk-Morris • June 18, 2019 -
Moody's says department store closures to slow significantly
But thanks to the generally poor performance, the service now predicts operating income will decline by 10% in 2019, twice its original forecast.
By Cara Salpini • June 18, 2019
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