Financial News: Page 169
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January retail sales clouded by worst December in 9 years
Several retailers saw holiday sales drop off, more than previously thought, according to the federal government's latest monthly sales report.
By Daphne Howland • March 12, 2019 -
Moody's: 2019 will be another tough year for department stores
Store closures and better inventory control are boosting productivity, but margins will be squeezed as e-commerce drives up costs.
By Daphne Howland • March 12, 2019 -
Shoptalk
Deep Dive10 top retail executives on the state of the industry
The role of a chief executive requires vision above all else. At Shoptalk, execs from Gap, Macy's, Nordstrom, Lowe's and a host of disruptors offered insights from a unique industry perch.
By Daphne Howland , Corinne Ruff , Cara Salpini • March 11, 2019 -
Walmart tightens on-time, in-full rate for suppliers to 87%
The retailer toughened its on-time, in-full policy from the previous requirement of 85% as it seeks greater control over inventory.
By Matt Leonard • March 11, 2019 -
Sephora
Sephora to open 35 US stores in 2019
In addition to the new locations, the retailer announced changes to its Beauty Advisor uniforms and a partnership with a luxury treatment center in California.
By Cara Salpini • March 11, 2019 -
Home Depot to hire 80K workers with proprietary hiring tech
Technology for such big-box retailers streamlines functions that were once time-consuming and burdensome for HR professionals and managers.
By Valerie Bolden-Barrett • March 11, 2019 -
Glamsquad
Glamsquad to launch makeup line in April
The beauty service provider has capitalized on customer feedback to develop its own products, a strategy that began in December with a haircare line.
By Cara Salpini • March 11, 2019 -
Mattel faces lawsuit over Barbie, Hot Wheels sales
The toy maker is celebrating its famous and controversial doll's 60th birthday, but investors claim the company failed to disclose falling demand for the toy.
By Daphne Howland • March 11, 2019 -
indochino
Indochino expands on the West Coast
By the end of the year, the men's custom suit brand will have 50 showrooms across North America.
By Corinne Ruff • March 11, 2019 -
Aurimas, Flicker
WWD: Walmart cuts a deal with men's grooming brand
Johnny's Chop Shop, which launched out of the Topshop men's department, is selling products in 3,500 Walmart stores.
By Corinne Ruff • March 8, 2019 -
Abercrombie & Fitch plans to close up to 40 stores this year
The teen apparel retailer's fourth quarter and full-year results show a loss of momentum at the flagship label as its lower-priced Hollister brand fared better.
By Daphne Howland • March 8, 2019 -
Costco raises wages as Q2 earnings beat estimates
The retailer announced earnings grew 27% year-over-year and increased its minimum wage to $15 an hour to combat a tight labor market.
By Krishna Thakker • March 8, 2019 -
Craftsman brand owner sues Sears over new line
Last month, the retailer released a Craftsman tool set deeming Sears as "the real home" of the brand. That's not sitting well with Stanley Black and Decker.
By Corinne Ruff • March 8, 2019 -
Nordstrom CTO restructures technology group
Two executives are leaving and a small number of layoffs are anticipated, according to a report by GeekWire.
By Dan O'Shea • March 8, 2019 -
Barnes & Noble
Barnes & Noble books best comps in years
The book seller is pumping more money into marketing and store remodels in hopes of driving more traffic.
By Corinne Ruff • March 7, 2019 -
Cara Salpini for Retail Dive
Charlotte Russe begins liquidation
The struggling mall chain gained court approval for a sale to a liquidator, but it also says it's in talks with a buyer interested in keeping up a physical presence.
By Corinne Ruff • March 7, 2019 -
Amazon to discontinue pop-up locations
But the e-commerce giant plans to expand its 4-star and Go locations, per a Wall Street Journal report. The move indicates an evolving store strategy.
By Dan O'Shea • Updated March 8, 2019 -
Cara Salpini for Retail Dive
American Eagle Outfitters denim sales top $1B
The teen retailer's Aerie brand continues to surge and will open more stores, and a New York City store will sell sneakers in a tie-up with Urban Necessity.
By Daphne Howland • March 7, 2019 -
Bonobos
Bonobos debuts women's collection, male allyship campaign
"The whole concept of male allyship is sort of the next phase in this fight toward gender equality," CEO Micky Onvural said.
By Corinne Ruff • March 7, 2019 -
Kaarin Vembar for Retail Dive
Chico's appoints Nordstrom veteran as president
The retailer announced that former the former president of Nordstrom Rack, Karen McKibbin, will lead the struggling brand.
By Kaarin Moore • March 7, 2019 -
L Brands comes to terms with activist
Barington Capital had slammed Victoria's Secret's merchandising and marketing, and said it's dragging down better-performing Bath & Body Works.
By Daphne Howland • Updated April 23, 2019 -
AmazonFresh to feature sponsored products on website
The content, which will appear to U.S. shoppers where the service is available, will create a way for food brands to stand out.
By Lauren Manning • March 6, 2019 -
Ross issues weak outlook despite beating earnings
The less-than-encouraging guidance is due in part to underperformance in its ladies apparel category.
By Caroline Jansen • March 6, 2019 -
Family Dollar to close nearly 400 stores
Parent Dollar Tree is struggling to integrate the discount banner it acquired in 2015.
By Kaarin Moore • March 6, 2019 -
Kohl's partners with Planet Fitness
The retailer will also expand its plus-size product options in partnership with Nike in an effort to further its wellness initiative.
By Kaarin Moore • March 6, 2019
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