Financial News: Page 159
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Courtesy of L Brands
L Brands' real secret is Bath & Body Works
As the company runs into trouble with Victoria's Secret, the personal care brand keeps boosting its performance quarter after quarter.
By Daphne Howland • May 24, 2019 -
Inditex to split chairman, CEO roles
Pablo Isla, current executive chairman and chief executive, engineered the idea of bringing on COO Carlos Crespo for the top spot.
By Daphne Howland • May 24, 2019 -
Foot Locker falls short of earnings estimates
Despite rises in net income and comps, and particularly strong direct-to-consumer sales, the athletics retailer disappointed analysts.
By Cara Salpini • May 24, 2019 -
Amazon secures its own '.amazon' domain
The decision ushers in a new reality that could have wide-ranging implications for the e-commerce giant, its sellers and its rivals.
By Daphne Howland • May 23, 2019 -
Best Buy ekes out sales boost in challenging Q1
Despite strength continuing in the current quarter, the electronics retailer is sticking to its guidance for the full year under the shadow of new tariffs.
By Daphne Howland • May 23, 2019 -
Kendall Davis/Retail Dive
Deep DiveThe unicorns of retail
From Casper to Rent the Runway, four retail startups have hit $1 billion valuations in 2019. Here's a look at past and future plans for the companies.
By Cara Salpini • May 23, 2019 -
Target
Deep DiveRetailers cash in on a 'captive' college campus market
Department stores, supermarkets and even apparel brands are adding locations on or near institutions, though experts debate whether the activity marks a trend.
By Wayne D'Orio • May 23, 2019 -
Lowe's, The Home Depot see Q1 results dampened by rain
While both home improvement retailers were negatively affected by the unfavorable weather, analysts say Lowe's was better able to mitigate the toll.
By Caroline Jansen • May 22, 2019 -
Resident
Nectar parent rebrands as Resident, unveils furniture line
The move pushes the company, which operates mattress brands Nectar and DreamCloud, further into the home furnishing space.
By Caroline Jansen • May 22, 2019 -
Courtesy of Nordstrom
Nordstrom says 'Local' stores are its future
Loyalty and marketing snafus, plus merchandise missteps, led to first quarter sales declines even at the retailer's usually robust Rack stores.
By Daphne Howland • May 22, 2019 -
Stein Mart adds Amazon lockers to 200 stores
Like Kohl's, the retailer hopes to drive traffic to stores through the partnership. But the e-commerce giant may be the real winner.
By Daphne Howland • May 22, 2019 -
Target grabs share as Q1 sales spike 5%
The mass merchant's digital sales boomed during the quarter, growing more than 40%, as customers flocked to its same-day fulfillment services.
By Ben Unglesbee • May 22, 2019 -
Beyond polo shirts: The inclusivity movement comes for men's fashion
Streetwear, suits and yet more polos aren't the only things bigger men want to wear. Brands that make the extra effort could corner the market.
By Daphne Howland • May 22, 2019 -
Walmart unveils new HQ
The campus, which will remain in Arkansas, will feature natural light, more food offerings and a child care facility.
By Valerie Bolden-Barrett • May 21, 2019 -
J.C. Penney hires Guess VP to lead troubled women's apparel category
Victor Ejarque Lopez is the department store retailer's latest hire as it fills out its management ranks and tries to move past recent misfires.
By Ben Unglesbee • Updated June 5, 2019 -
TJX raises guidance as store traffic boost drives sales
The tariffs bedeviling the retail sector could actually help the off-pricer gain some market share as competitors consolidate or otherwise retreat.
By Daphne Howland • May 21, 2019 -
Nike, Adidas and others call on Trump to remove footwear from tariff list
In an open letter, brands called the proposed tariffs "catastrophic" and estimated a $7 billion annual impact on consumers.
By Matt Leonard • May 21, 2019 -
Modsy raises $37M in Series C funding
The online interior design service said it plans to further invest in 3D technology and expand its furniture marketplace.
By Caroline Jansen • May 21, 2019 -
Kohl's slashes guidance as sales and profits sag
The discount department store also announced a tie-up with Fanatics to sell licensed sports apparel online, beginning in the fall.
By Daphne Howland • May 21, 2019 -
David's Bridal downgraded months after emerging from bankruptcy
In January, the wedding retailer exited Chapter 11. Now, it's been downgraded again on weak performance and "potentially unsustainable" debt levels.
By Ben Unglesbee • Updated May 21, 2019 -
Dressbarn sells IP, will relaunch online in 2020
The discounter also said it will shutter all 544 stores by the day after Christmas, with closeout sales at all locations starting Friday.
By Daphne Howland • Updated Oct. 31, 2019 -
Kaarin Vembar for Retail Dive
Coresight: 12K stores could shutter in 2019
Bankruptcy liquidations and fleet rationalizations led to thousands of announced closures, with this year's total already surpassing all of 2018.
By Ben Unglesbee • May 20, 2019 -
Overstock CEO defends sale of 900K shares
In a combative, colorful and rambling letter, Patrick Byrne shot back against critics questioning his dramatic sale of stock in the company he founded.
By Daphne Howland • May 20, 2019 -
Walmart: Tariffs will lead to higher prices
The levy increases arrive at a particularly bad time for the retailer as it seeks to speed up fulfillment to match Amazon.
By Emma Cosgrove • May 20, 2019 -
Macy's Herald Square could get an office tower topper
There are few details yet about a controversial scheme that was floated for three years and would likely unlock value from the retailer's real estate.
By Daphne Howland • May 17, 2019
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