Financial News: Page 165
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Retail leads in job cuts as employment holds steady
The economy is still adding jobs, but employment and wage growth are both slowing, and that could be bad news for retailers.
By Daphne Howland • April 8, 2019 -
Roberto Cavalli files Chapter 7
The luxury fashion house closed all U.S. stores at the end of March and stated in court documents that it is no longer able to operate.
By Kaarin Moore • Updated April 8, 2019 -
Target announces June wage hike to $13 an hour
The incremental bump is part of the retailer's plan to reach a $15 minimum wage by 2020.
By Kathryn Moody , Valerie Bolden-Barrett • April 5, 2019 -
A.T. Kearney bullish on M&A in CPG, retail spaces in 2019
A survey of more than 100 C-level executives found 88% expected deal-making to be "equal or better than 2018 levels" due partly to falling asset prices and a search for growth.
By Christopher Doering • April 5, 2019 -
CVS extends same-day Rx delivery to 6K stores
Increasing home delivery options could be a huge advantage for the drugstore retailer against rivals like Walgreens and even Amazon.
By Daphne Howland • April 5, 2019 -
Kay, Jared owner to shutter 150 stores
Signet, which also runs several other jewelry banners, closed 262 stores last year and promised continued aggressiveness in reducing its footprint.
By Daphne Howland • April 4, 2019 -
Sears opening stores for a change
The retailer's comeback is based on locations with smaller square footage.
By Daphne Howland • Updated April 4, 2019 -
Katie Finnegan to depart Walmart's Store No. 8
The founder of Walmart's incubation arm, and CEO of Spatialand, will leave the company on June 7.
By Kaarin Moore • April 4, 2019 -
Walmart rolls out new baby registry experience
The company is placing personalization and its mobile app at the forefront of the process.
By Caroline Jansen • April 4, 2019 -
Ascena debuts cross-brand loyalty program
Ann Taylor, LOFT, Lou & Grey, Ann Taylor Factory and LOFT Outlet are letting customers, including those without a store card, earn points across banners.
By Daphne Howland • April 4, 2019 -
Dick's Sporting Goods pays $2.9M to settle unpaid security check suit
California law defines "hours worked" as time during which an employee is subject to an employer's control, the court said.
By Jennifer Carsen • April 4, 2019 -
Amazon partnership delivering returns for Kohl's
Providing a service to Amazon customers may be bringing sales and shoppers to Kohl's stores, according to Earnest Research.
By Daphne Howland • April 4, 2019 -
ABG grabs Volcom from Kering
The brand marketing conglomerate sees great potential in the export of American skate, surf and snow culture to a wider international audience.
By Daphne Howland • April 4, 2019 -
HBC boosts profits as store comps decline
The Canadian department store company is banking on its best performer, American luxury retailer Saks Fifth Avenue, to continue to lead its growth.
By Daphne Howland • April 3, 2019 -
GameStop lost $673M last year
The gaming segment is in the midst of a shift that is forcing major changes to the retailer's operations.
By Daphne Howland • April 3, 2019 -
Madewell names 1st CEO
Libby Wadle has led the brand as president for two years and has been at parent brand J. Crew in various roles since 2004.
By Daphne Howland • April 3, 2019 -
Etsy executive appointed CEO of Blue Apron
Retail veteran Linda Findley Kozlowski will lead the struggling meal kit company following the resignation of Brad Dickerson.
By Jessica Dumont • April 3, 2019 -
Lululemon's self-care line to debut at Sephora
The products, which include dry shampoo and deodorant, will also be available at select Lululemon locations and studio partners.
By Cara Salpini , Kaarin Moore • Updated June 18, 2019 -
Walmart launches voice-activated grocery shopping
The new service will allow customers to voice order groceries from their Google Assistant devices including Google Home, iPhone and Android.
By Krishna Thakker • April 3, 2019 -
Deep Dive
What's different about Levi's
The brand has defined American denim since the 19th century by remaining a pioneer. Now Wall Street will have a say in its future.
By Daphne Howland • April 3, 2019 -
Staples launches brand revamp
The retailer also revealed five private labels and appears to be emphasizing its consumer-facing operations, but it has abandoned its coworking pilot.
By Daphne Howland • April 2, 2019 -
Macy's hires 1st chief supply chain officer
Dennis Mullahy comes to the retailer from Michaels and previously worked at Ulta and Meijer.
By Emma Cosgrove • April 2, 2019 -
Payments company Airwallex lands unicorn status
The fintech business, which reached a $1 billion valuation in only three years, supports a variety of corporations including JD.com, Tencent and MasterCard.
By Kaarin Moore • April 2, 2019 -
Retail sales tumble in February
January, however, went better than initially reported. Core retail sales for the month were revised up to a 0.8% rise.
By Daphne Howland • April 2, 2019 -
How Dick's Sporting Goods' CTO will revamp athletic e-commerce
The retailer is investing about $15 million in e-commerce fulfillment capabilities and $10 million in technology.
By Samantha Schwartz • April 2, 2019