Financial News: Page 155
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Courtesy of Walmart
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 Ben Unglesbee • Oct. 24, 2019 -
Retrieved from Nike on October 23, 2019
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 Cara Salpini • Oct. 23, 2019 -
Retrieved from Amazon on June 27, 2019
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 Ben Unglesbee • Oct. 23, 2019 -
United Colors of Benetton tests a US comeback
The Italian apparel company is poised to open a pop-up location in California as it considers a relaunch of its permanent stores.
By Kaarin Moore • Oct. 23, 2019 -
Daphne Howland/Retail Dive
Nordstrom's welcome to New York
The family running the Seattle department store has been eyeing the city for decades. Can they make it there?
By Daphne Howland • Oct. 23, 2019 -
GOAT adds apparel and accessories to sneaker marketplace
The new categories may put the platform in more direct competition with others in the resale space, namely The RealReal.
By Lisa Rowan • Oct. 22, 2019 -
Macy's and Bloomingdale's to go fur free
The pledge makes it the latest retailer to join a larger movement to ban fur that has gained momentum as consumer tastes have changed.
By Kaarin Moore • Oct. 22, 2019 -
Destination Maternity files for Ch. 11, plans to close nearly half its stores
With pregnancies in decline and competition increasing, sales at the retailer fell by a third in half a decade. Now it looks to sell itself in bankruptcy.
By Ben Unglesbee • Oct. 22, 2019 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour CEO Kevin Plank to step down
President and COO Patrik Frisk is set to replace him in January, though Plank will stay on as executive chairman and brand chief.
By Cara Salpini • Oct. 22, 2019 -
Q&A
RILA's incoming president talks trade, antitrust and 2020 priorities
The industry group's current president, Sandy Kennedy, will retire at the end of 2019. Current COO Brian Dodge will succeed her as its next leader.
By Ben Unglesbee • Oct. 22, 2019 -
Private equity firm slams HBC take-private deal
Catalyst Capital Group says it and other investors will vote against the move and urged the board to consider better alternatives.
By Ben Unglesbee , Daphne Howland • Updated Nov. 1, 2019 -
Authentic Brands, B.Riley bid $271M for Barneys
The proposal entails shuttering at least seven Barneys locations. Other suitors must beat the offer by Oct. 22 to force a bankruptcy auction.
By Daphne Howland • Oct. 17, 2019 -
Walmart to shell out $5.2M for failing to accommodate worker with disability
The employee worked as a cart pusher with the aid of a job coach for 16 years before he was "effectively terminated," EEOC said.
By Riia O'Donnell , Katie Clarey • Oct. 17, 2019 -
Courtesy of Savage x Fenty
Lady Gaga, Rihanna and the Kardashians: The rise of celebrity retailers
While businesses have often seen other stores as their biggest rivals, the rich and famous are a force to be reckoned with.
By Kaarin Moore • Oct. 17, 2019 -
Consumers pull back spending in September, snapping 6-month streak
The sales decline last month was an unpleasant surprise and hardly a good sign ahead of the holidays.
By Daphne Howland • Oct. 16, 2019 -
Gymboree stages a comeback for early 2020
The Children's Place, which acquired the rights to the children's apparel brand earlier this year, will relaunch it in 200 of its stores and online.
By Caroline Jansen • Oct. 16, 2019 -
Five Below to build gaming venues attached to stores
As part of an investment in Nerd Street Gamers, a multi-store pilot of "Localhost" spaces will begin in 2020.
By Tatiana Walk-Morris • Oct. 16, 2019 -
Deep Dive
Sole survivors: 5 national chains that outlasted their peers
Being the last retailer in a category might sound like an enviable spot, but it's almost never a "safe harbor," as retail's ghosts could tell you.
By Ben Unglesbee • Oct. 16, 2019 -
Barneys could end up at Saks, WSJ reports
Authentic Brands Group is prepping a $270 million bid for the retailer's brand, which would then be licensed to its Fifth Avenue rival, the publication reported.
By Daphne Howland • Oct. 15, 2019 -
Standard Cognition buys retail tech startup DeepMagic
As competition within the cashierless technology space ramps up, the acquisition positions the company to better take on Amazon Go.
By Tatiana Walk-Morris • Oct. 14, 2019 -
Ross just made good on plans to build 100 stores in 2019
While other apparel sellers are retrenching, the off-price retailer added 42 stores in the past two months as it eyes a long-term goal of 3,000 stores.
By Ben Unglesbee • Oct. 14, 2019 -
Moody's downgrades Ascena on 'persistent execution missteps'
Analysts acknowledged the company has some strengths but noted it is trying to effect a turnaround in a sector that is under siege.
By Daphne Howland • Oct. 14, 2019 -
Deep Dive
The 'retail apocalypse' is an apparel apocalypse
Most retailers in bankruptcy, or on the brink of it, sell clothes. Maybe that's their problem.
By Daphne Howland • Oct. 14, 2019 -
The Vitamin Shoppe opens first of 5 planned experiential stores
The location offers tech features to personalize the in-store shopping experience.
By Tatiana Walk-Morris • Oct. 11, 2019 -
Walmart's topsy-turvy week ends with the exit of US chief
The leader of the retailer's domestic turnaround is handing his role to the Sam's Club chief while Walmart's digital business goes through a sharp pivot.
By Ben Unglesbee • Oct. 11, 2019
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