Financial News: Page 167
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Ascena completes sale of Maurices
The transaction is valued at approximately $300 million.
By Daphne Howland • Updated May 7, 2019 -
Tiffany's sparkle dims in Q4
The iconic American jeweler is attracting younger consumers, but the decline of the middle class complicates its progress at home.
By Daphne Howland • March 25, 2019 -
Neiman Marcus fashion director departing after 28 years
Ken Downing, who spent the past roughly 13 years in the role, leaves Friday.
By Corinne Ruff • March 25, 2019 -
Courtesy of Nike
Nike reports strong numbers, faces racial discrimination suit
Growth in women's is over-indexing men's, CEO Mark Parker said, but the retailer's workplace culture has once again come under scrutiny.
By Cara Salpini • March 22, 2019 -
Whole Foods Market
Whole Foods' first 'Beauty Swap' promotes clean body care products
The grocer will give away free items as part of the event, which comes on the heels of parent company Amazon's big push into the segment.
By Jennifer Sweeney • March 22, 2019 -
Saks Off Fifth launches private label beauty line
Differentiation through store brands and exclusives, as in apparel, is also emerging as a way to snag share in the competitive beauty market.
By Daphne Howland • March 22, 2019 -
GameStop taps new CEO
Retail veteran George Sherman hinted at a major revamp at the gaming retailer as he prepares to take the reins next month.
By Daphne Howland • March 22, 2019 -
Courtesy of Rent the Runway
Rent the Runway sashays to unicorn status
The startup's latest investment round raised $125 million, pushing the company to a $1 billion valuation.
By Daphne Howland • March 22, 2019 -
Century 21
Century 21 taps real New Yorkers in spring campaign
The iconic Manhattan retailer's messaging, awash in pastels, emphasizes the deals that fashionistas can find at its off-price stores.
By Daphne Howland • March 21, 2019 -
Grayson
Grayson launches as DTC and wholesale brand
The women's shirts brand debuted online and in Anthropologie and Nordstrom stores last week.
By Corinne Ruff • March 21, 2019 -
J. Crew resets turnaround, again
The company's Madewell brand is surging, but its flagship brand, still the larger business by far, continues to face an uncertain future.
By Daphne Howland • March 21, 2019 -
Courtesy of Inkey List
WWD: Sephora debuts low-price skincare brand Inkey List
The products, priced under $15, fall outside of the beauty retailer's core prestige beauty offerings, which may help broaden its customer base.
By Corinne Ruff • March 21, 2019 -
Nine West Holdings rebrands in Ch. 11 exit
With the namesake brand auctioned off, the newly-formed Premier Brands Group is going forward under private equity ownership.
By Daphne Howland • March 21, 2019 -
Walmart CTO departs after laying digital groundwork
During his tenure, Jeremy King aided Walmart Labs' acquisitions, opened four more tech offices and set the company up as a "user of, and contributor to, the open source community."
By Samantha Schwartz • March 21, 2019 -
Joann fills CIO role ahead of in-store technology push
Varadheesh Chennakrishnan joins the craft retailer from Ulta Beauty, where he most recently served as SVP of applications and enterprise architecture.
By Samantha Schwartz • March 21, 2019 -
West Elm emerges as Williams-Sonoma's best growth option
E-commerce is also growing fast, and accounted for over half of the company's total revenues last year.
By Caroline Jansen • March 21, 2019 -
Kaarin Vembar for Retail Dive
Deep Dive7 memorable quotes from AAFA's Executive Summit
The event brought together some of the biggest names in retail, where concerns bubbled to the surface on topics regarding China and changing consumer trends.
By Kaarin Moore , Caroline Jansen • March 21, 2019 -
Brandless
Brandless co-founder Tina Sharkey steps down as CEO
Nearly two years since launching the business, Sharkey will shift into a new role as co-chair of the board of directors.
By Corinne Ruff • March 20, 2019 -
Cara Salpini/Retail Dive
Glossier raises $100M in latest funding round
That pushed the startup to a $1.2 billion valuation, bringing it unicorn status, according to multiple reports.
By Cara Salpini • March 20, 2019 -
Tommy Hilfiger launches 'Sport' athletic line
The PVH-owned brand is getting into the activewear game, where competition is heating up but consumer enthusiasm endures.
By Daphne Howland • March 20, 2019 -
H&M
H&M to phase out cashmere amid sustainability push
The fast-fashion retailer is dropping the luxe fabric until its supply chain meets the company's environmental and animal welfare standards.
By Kaarin Moore • March 20, 2019 -
Brandless
Brandless expands health and wellness assortment
This is the latest in a series of category expansions, following a move into pet and baby earlier this year.
By Corinne Ruff • March 20, 2019 -
Framebridge
Framebridge steps into brick and mortar with DC store
It's the first permanent location for the DTC custom framing company, but another is already slated to open next month in Bethesda, Maryland.
By Caroline Jansen • March 20, 2019 -
Deep Dive
The blunt truth: Cannabis retail is here
It's a growth industry where the potential is high, but retailers and consumers are both on a steep learning curve.
By Daphne Howland • March 20, 2019 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels losing market share in crafts
With the closure of its two other banners behind it, the retailer has work to do to yank back sales from competitors.
By Daphne Howland • March 19, 2019
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