Financial News: Page 173
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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/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 -
Consumers unexpectedly send April retail sales down
Core retail declined 0.2% for the month, but, year over year bounced 2.8% as e-commerce rose 9%, according to the U.S. government.
By Daphne Howland • May 16, 2019 -
What the Harry's acquisition means for retailers
Yet another startup has been scooped up by a consumer products giant hoping to profit from its close connection to customers.
By Daphne Howland • May 16, 2019 -
Retrieved from Walmart on May 08, 2019
Walmart posts best US comps in 9 years
The online giant posted e-commerce growth in the U.S. of 37% and overall comp sales growth of 3.4% as investments begin to pay off.
By Ben Unglesbee • May 16, 2019 -
Reuters: Kohl's reportedly interested in At Home acquisition
The furniture retailer, which unlike many in the competitive category has kept its focus on brick and mortar, wants to sell itself.
By Daphne Howland • May 16, 2019 -
Macy's leans on off-price, mobile and 'Growth50'
The company is wary of escalating trade tensions between the U.S. and China and warned that it won't be able to stave off the impact of tariffs indefinitely.
By Daphne Howland • May 15, 2019 -
Feather secures $12M in Series A funding, expands into LA
In addition to a West Coast expansion, the DTC furniture subscription company said it would use its latest funding to increase headcount.
By Caroline Jansen • May 15, 2019 -
Away's runway for growth expands with $1.4B valuation
With another $100 million in funding, the direct-to-consumer luggage brand plans to increase its assortment, physical footprint and international presence.
By Cara Salpini • May 15, 2019 -
Kaarin Vembar/Retail Dive
UBS: Tariffs could put $40B in sales and 12K stores at risk
Newly enacted 25% tariffs on Chinese goods could accelerate closures of as much as 10% of the industry's footprint.
By Daphne Howland • May 14, 2019 -
PVH reveals ambitious sustainability goals
The fashion conglomerate, which operates brands like Calvin Klein and Tommy Hilfiger, introduced a plan with 15 targets for increased transparency.
By Kaarin Moore • May 14, 2019 -
Ralph Lauren turnaround gains traction
The apparel retailer is winning over younger consumers, but it may need to be bolder in a highly competitive environment, especially at home.
By Daphne Howland • May 14, 2019 -
Retrieved from Walmart on May 14, 2019
Walmart adds 1-day shipping as delivery battle heats up
The retailer's announcement raises the stakes for competitors and comes just weeks after Amazon upgraded its Prime delivery to next-day for many products.
By Ben Unglesbee • May 14, 2019 -
Brian Tucker/Retail Dive
Deep Dive30 minutes with the CEO of 11 Honoré
Patrick Herning had brands turn him away, stating there wasn't a substantial plus-size market. Then his company opened New York Fashion Week.
By Kaarin Moore • May 14, 2019 -
Rihanna joins luxury group LVMH with Fenty launch
The singer is the first woman to create an original brand under the fashion conglomerate and will join others like Dior, Fendi and Givenchy.
By Kaarin Moore • May 13, 2019 -
Bed Bath & Beyond CEO is out
An activist investor group for weeks has called for Steven Temares to resign, but the struggling home goods retailer has more than that to accomplish.
By Daphne Howland • May 13, 2019 -
Sears' new logo panned by customers
The rebranding campaign comes as the retailer tries to shake off years of turmoil and negative publicity.
By Ben Unglesbee • May 13, 2019 -
Chico's cold to 3rd Sycamore bid
The retailer's board said it would review the latest offer of $3.00 per share, but noted it had already turned down two previous, higher offers.
By Daphne Howland • Updated June 19, 2019 -
Kaarin Vembar/Retail Dive
Is it lights out for Lord & Taylor?
America's oldest department store, for years a destination for stylish middle class women, could be about to vanish.
By Daphne Howland • May 13, 2019 -
Party City to close 45 stores
The move will free up money to open stores in potentially 200 new markets as the party supplies retailer tests new store formats and categories.
By Ben Unglesbee • May 10, 2019 -
JD profits soar as Q1 beats expectations
The company is solidifying its partnerships in China with outside retailers, including Walmart.
By Daphne Howland • May 10, 2019
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