Financial News: Page 177
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Foot Locker debuts 'power store' in North America
The sportswear retailer is expected to roll out more than a dozen such concept stores by the end of the year.
By Corinne Ruff • Jan. 24, 2019 -
Walmart-owned Eloquii partners with lingerie brand Cosabella
The limited-time collection follows up on other high-profile collaborations with designer Jason Wu and lifestyle brand Draper James.
By Corinne Ruff • Jan. 23, 2019 -
Bankruptcy trustee sues Sun Capital for The Limited's demise
"Sun Capital siphoned whatever value it could from a company that was already struggling for survival, thereby hastening its demise at the expense of unsecured creditors," according to court documents.
By Corinne Ruff • Jan. 23, 2019 -
Court certifies class of 5M Walmart applicants in background check suit
The move comes after Delta, Frito-Lay and Target paid out multimillion-dollar settlements within the past year for similar claims.
By Jennifer Carsen • Jan. 23, 2019 -
Deep Dive
What can US retailers learn from China?
Stores like Alibaba's Hema offer a vision of the future for American grocers, but experts say creating a similarly seamless omnichannel experience isn't easy — and may not be possible.
By Jessica Dumont • Jan. 23, 2019 -
Brandless launches pet and baby categories
The new categories come with higher price points, but CEO Tina Sharkey said 90% of the assortment will remain $3.
By Corinne Ruff • Jan. 23, 2019 -
Lowe's inks multi-year NFL partnership as it kicks off refresh campaign
The retailer signs on as the first official home improvement retail sponsor of the league in a decade as it pushes new creative work and a tagline.
By Peter Adams • Jan. 22, 2019 -
How Neiman Marcus' CIO wants to frame customer experiences
Previously, only businesses interacted with technology, but "now customers have the ability to create their own technology," Sarah Miller said.
By Samantha Schwartz • Jan. 22, 2019 -
David's Bridal emerges from bankruptcy
Within just shy of two months since its filing, the company says it has a "substantially stronger balance sheet and a clear strategy for the future."
By Corinne Ruff • Jan. 22, 2019 -
Express CEO abruptly departs
The retailer may be at risk of following its former L Brands sibling, The Limited, into sales troubles.
By Daphne Howland • Jan. 22, 2019 -
Walmart's Store No. 8 is looking for a CEO to lead new startup
The company, described in a job posting as in "stealth" mode, would join other Walmart-incubated tech startups like Spatialand and JetBlack.
By Corinne Ruff • Jan. 22, 2019 -
Parachute introduces 1st mattress
The five-year-old direct-to-consumer bedding company hopes to gain share in an increasingly crowded space by offering an "eco-friendly" mattress.
By Caroline Jansen • Jan. 22, 2019 -
Bloomingdale's beauty department changes its look
Much like its department store competitors, Bloomingdale's is focusing on tech and experience in its beauty sector makeover.
By Cara Salpini • Jan. 22, 2019 -
Mickey Drexler steps down as chairman of J. Crew
Chad Leat will succeed Drexler as the retailer's chairman, effective immediately.
By Kaarin Moore • Jan. 19, 2019 -
Deep Dive
Top retail execs share insights and goals for 2019
From Lowe's to Brandless, retail executives talked through changes in the retail industry as a whole and their own strategies for the year ahead.
By Corinne Ruff , Liza Casabona , Cara Salpini , Kaarin Moore • Jan. 18, 2019 -
Sears creditors lob objection at Lampert bid
The committee of unsecured creditors hopes to land more funds by calling for a hearing to air grievances over years of alleged financial misconduct by Lampert and ESL.
By Corinne Ruff • Updated Jan. 18, 2019 -
Nordstrom's latest partnership is with period undies brand Thinx
It's becoming clearer than ever that, to make it in retail, direct-to-consumer businesses need brick and mortar.
By Daphne Howland • Jan. 18, 2019 -
Walmart ramps up grocery delivery with 4 new service providers
The companies, including Roadie and Skip Pickup, will initially cover four states as the retailer works toward its goal of reaching 1,600 delivery stores this year.
By Kristine Sherred • Jan. 18, 2019 -
VF has 'powerful' Q3 on strength of Vans, The North Face
The conglomerate has worked to adjust its portfolio to chase growth, and so far that seems to be working.
By Daphne Howland • Jan. 18, 2019 -
Signet hit with $11M penalty for deceptive credit practices
The company, which runs mall-based jewelry brands like Kay and Jared, admits no wrongdoing.
By Daphne Howland • Jan. 18, 2019 -
Gymboree files bankruptcy for 2nd time in 2 years
The children's retailer plans to shutter its Gymboree and Crazy 8 stores, but executives have faith in Janie and Jack, and hope to sell it in Chapter 11.
By Cara Salpini • Jan. 17, 2019 -
Nine West bondholders object to Sycamore settlement
The private equity firm offered a $115 million settlement in response to claims it stripped Nine West of value, but bondholders aren't satisfied.
By Daphne Howland • Updated Feb. 6, 2019 -
Target private label baby brand expands into essentials
The mass merchant is taking steps to freshen up some of its brands in a cohort of private labels that has rolled out over the last 18 months.
By Corinne Ruff • Jan. 17, 2019 -
Deep Dive
Macy's on the brink
The retailer's turnaround has been complicated by a holiday sales miss, and CEO Jeff Gennette must figure out how the department store can survive.
By Daphne Howland • Jan. 17, 2019 -
Brandless launches subscription option
The service is both a convenience play for consumers and a savvy business move aimed at capturing reorders.
By Corinne Ruff • Jan. 17, 2019