Financial News: Page 178
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2018 was a great year for retail, 2019 is another story
Consumers are likely to be less free spending this year, but they're holding onto their high expectations of retailers, according to a Deloitte report.
By Daphne Howland • Jan. 17, 2019 -
Shopko files Chapter 11
The Wisconsin-based retailer will also be closing an additional 38 stores and relocating 20 Optical centers to freestanding locations.
By Kaarin Moore • Jan. 16, 2019 -
Walmart exits CVS pharmacy benefit network over pricing dispute
CVS wants Walmart to fill prescriptions as an in-network pharmacy through April 30, but the retail giant could leave the network as early as February.
By Rebecca Pifer • Jan. 16, 2019 -
Lampert wins back Sears with bid topping $5B
After significant back and forth, the Sears Chairman has prevailed in an auction for the department store chain. The bid, however, still needs approval in court.
By Corinne Ruff • Jan. 16, 2019 -
L'Occitane buys British skincare brand Elemis for $900M
The brand boasts cross-generational appeal and aims to grow its sales opportunities through its tie-up with the French retailer.
By Daphne Howland • Jan. 16, 2019 -
Walmart and VC firms see two paths for DTC brands
Brands either need to be a consumer phenomenon like Warby Parker, or they need to fit into a larger portfolio, like the one that Walmart is building.
By Corinne Ruff • Jan. 16, 2019 -
Patagonia doubles down on sustainability
At NRF's Big Show, CEO Rose Marcario discussed efforts to make the supply chain carbon neutral by 2025, and why taking a stand doesn't hurt business.
By Cara Salpini • Jan. 16, 2019 -
Payless reportedly plans to shutter most, if not all, stores
The shoe retailer is very close to filing Chapter 11 for the second time in less than two years, Bloomberg reports.
By Daphne Howland • Updated Feb. 8, 2019 -
Will a China slowdown hurt retailers?
Despite the bouncing rhetoric around a U.S.-China trade war and signs of a slowing Chinese economy, retailers staking sales growth there may be OK — if they have the goods.
By Daphne Howland • Jan. 16, 2019 -
Pier 1 faces NYSE delisting
The latest bad news for the struggling furniture and home goods retailer comes amid its search for a new chief executive.
By Daphne Howland • Jan. 15, 2019 -
S&P downgrades Charlotte Russe amid 'ongoing weakness'
The negative outlook reflects an increasing likelihood that the apparel retailer could "restructure its debt in some form in the next six months," S&P said.
By Daphne Howland • Jan. 15, 2019 -
Retailers wary of the shutdown, tariffs and a looming recession
There's a greater than 50% chance that a recession hits the U.S. this year, economists said during sessions at the NRF Big Show Monday.
By Corinne Ruff • Jan. 15, 2019 -
J.C. Penney CEO assembles a team as Fitch downgrades
Amid sales struggles and without massive real estate holdings to sell, it's unclear if the discount department store can survive.
By Daphne Howland • Jan. 15, 2019 -
American Eagle launches dressing room technology
The retailer is partnering with Aila Technologies to make fitting rooms a seamless experience.
By Kaarin Moore • Jan. 15, 2019 -
Bebe revamps e-commerce and loyalty program
The brand is making a steady return after avoiding bankruptcy, despite years of struggles.
By Daphne Howland • Jan. 15, 2019 -
Marvin Ellison's plan to build Lowe's back up
"You can't put the icing before the cake," the executive said during a panel at NRF's Big Show. His solution? Go back to the basics.
By Cara Salpini • Jan. 15, 2019 -
Shyft, JDA integrate technologies to mobilize workforce management
The partnership signifies an effort to modernize how retailers and retail workers manage their work schedules.
By Dan O'Shea • Jan. 14, 2019 -
Columbia Sportswear, other brands chime in on government shutdown in new messaging
The outdoor apparel and gear brand as well as competitors REI and The North Face are taking a stance on the impact of the shutdown on national parks.
By Erica Sweeney • Jan. 14, 2019 -
Tempur Sealy ponies up $14M to aid bankrupt mattress brands
Sleep Outfitters, Mattress Warehouse and Mattress King are the latest to falter in a market that has been thoroughly disrupted by e-commerce startups.
By Daphne Howland • Jan. 14, 2019 -
Away pops up at Nordstrom
The temporary collaboration, which offers a slew of travel and wellness accessories, is one more step pushing the brand toward its lifestyle ambitions.
By Corinne Ruff • Jan. 14, 2019 -
Chico's to close 250 stores over 3 years
The women's apparel conglomerate is also leaning on a new omnichannel plan it hopes will drive sales across all its brands.
By Corinne Ruff • Jan. 11, 2019 -
Calvin Klein to shutter Madison Avenue store
A new strategy is afoot following the brand’s breakup with superstar designer Raf Simons after sales underperformed last year.
By Daphne Howland • Jan. 11, 2019 -
Supplier claims Shopko owes $67M
The Wisconsin-based retailer is also closing and liquidating store locations throughout the Midwest.
By Kaarin Moore • Jan. 11, 2019 -
How the government shutdown could hurt retail
Furloughed workers, veterans and others dependent on federal services are the real victims of the shutdown. But it's not doing anyone any favors.
By Daphne Howland • Jan. 11, 2019 -
Ulta shareholders urge court to hear used cosmetics claims
Investors say that Ulta executives misled how the company has handled and characterized inventory shrink.
By Daphne Howland • Jan. 11, 2019