Financial News: Page 172
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Retail defaults to ease, but hurdles ahead for weaker players
Neiman Marcus, J. Crew, Petsmart and Academy make up 71% of the $22.8 billion in outstanding distressed retail debt carried by low-rated firms, according to a new report from Moody's Investors Service.
By Corinne Ruff • Feb. 22, 2019 -
Pinterest unexpectedly files for IPO, seeks $12B market value
A successful IPO is likely to be followed by investments in building out the platform's offerings for marketers.
By Robert Williams • Feb. 22, 2019 -
Amazon Prime members more likely to sign up for subscriptions
Memberships hold a lot of appeal to a diverse group of consumers, with store signups proving to be the most popular, according to a report by AlixPartners.
By Daphne Howland • Feb. 22, 2019 -
HBC shuts down home business, eyes Saks off-price closures
Hudson's Bay department stores will gain Canadian home sales, while 20 Saks Off 5th locations could close in the U.S.
By Daphne Howland • Feb. 22, 2019 -
Target private label expands to toddler sizes
The retailer is adding sizes 12M through 5T to its Art Class apparel line.
By Corinne Ruff • Feb. 22, 2019 -
Bloomberg: Neiman Marcus, debtholders reignite talks
Negotiations, which have been up and down for months, will likely continue until the parties can resolve the transfer of the retailer's MyTheresa unit.
By Corinne Ruff • Updated Feb. 25, 2019 -
Neighborhood Goods snags $8.8M, plans NYC location
Some say the department store model is in decline, but this startup and its investors believe it just needs an upgrade.
By Daphne Howland • Feb. 21, 2019 -
American Eagle pilots subscription service
The teen apparel retailer joins several others in offering an alternative to owning garments, but free shipping and laundry could get expensive.
By Daphne Howland • Feb. 21, 2019 -
Report: Walmart brings website ad sales in-house
With its e-commerce business growing, the retailer could be gearing up to sell more ads targeting shoppers.
By Erica Sweeney • Feb. 21, 2019 -
CVS has a mixed quarter as it envelops Aetna
With even its front-store sales depending heavily on its pharmacies, CVS looks less like a traditional retailer every day.
By Daphne Howland • Feb. 20, 2019 -
Inditex's Pull & Bear enters US market
The move is part of an ambitious expansion plan by the Zara parent to sell online in all countries by 2020.
By Corinne Ruff • Feb. 20, 2019 -
Payless gets OK for promised worker pay amid liquidation
The retailer sought to pay wages and benefits above bankruptcy code caps so that employees will stick around for its massive wind-down.
By Daphne Howland • Feb. 20, 2019 -
Walmart stands up container fleet, uses drivers for drayage
The retailer has been pleasantly surprised by the extra efficiency gained by taking more control of intermodal loads.
By Emma Cosgrove • Feb. 20, 2019 -
ThirdLove expands to 78 sizes
The upstart intimates brand is working toward its mission to "help all women feel valued" by offering inclusive sizing options.
By Corinne Ruff • Feb. 20, 2019 -
American Eagle Outfitters is going to Europe
It's a confident and ambitious move, but comes with some risk in light of a highly competitive and crowded market, according to GlobalData Retail.
By Daphne Howland • Feb. 20, 2019 -
Amazon pledges 50% net-zero carbon shipments by 2030
Steps toward "Shipment Zero," along with information regarding "Amazon's company-wide carbon footprint" will be released later in the year.
By Emma Cosgrove • Feb. 20, 2019 -
Etsy error results in unauthorized withdrawals from sellers' accounts
The company's community forum was flooded with complaints from multiple sellers alleging they lost anywhere from a few hundred to several thousand dollars.
By Kaarin Moore • Feb. 19, 2019 -
Karl Lagerfeld dies at 85
The designer made his mark at several couture houses, but most indelibly at Chanel, where, for almost 40 years, he carried on its founder's vision.
By Daphne Howland • Feb. 19, 2019 -
Walmart e-commerce sales grow 43%
The big-box retailer reported its best U.S. comp sales growth in nine years on a two-year stack of 6.8% growth.
By Corinne Ruff • Feb. 19, 2019 -
Deep Dive
What does experiential retail even mean these days?
For some it's sprinkles, others meditation pods. What really matters is localization, service and shareability, store design experts say.
By Corinne Ruff • Feb. 19, 2019 -
Amazon Go secures space in the heart of London
The retailer has closed the deal on its first location outside of the U.S., bringing its cashier-free store to compete against Tesco and Sainsbury's.
By Krishna Thakker • Feb. 15, 2019 -
Lululemon to offer gender-neutral paid parental leave
Workers are eligible for three months of leave after two years at the company.
By Morgan Fecto • Feb. 15, 2019 -
Column
Retail Therapy: These pants try to clear things up
Ksenia Schnaider and Asos opt for more transparency — and effectively defeat the purpose of pants — with these latest styles.
By Caroline Jansen • Feb. 15, 2019 -
Walmart startup Spatialand launches 1st VR experience
After nearly a year under the Store No. 8 banner, the v-commerce startup debuts in what could be a critical retail battleground.
By Corinne Ruff • Feb. 15, 2019 -
Payless liquidates in 2nd bankruptcy
The footwear retailer failed to find a buyer and is set to shutter all 2,500 locations in its second bankruptcy filing in two years.
By Daphne Howland • Updated Feb. 19, 2019