Financial News: Page 180
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FullBeauty expects to file Chapter 11
The plus-size apparel retailer plans to go through a restructuring process in the coming weeks to slash debt by $900 million.
By Kaarin Moore • Jan. 4, 2019 -
Apple's revenue miss threatens Best Buy
The electronics retailer is also at risk of losing market share as Apple expands its relationships with other retailers, UBS analyst Michael Lasser says.
By Daphne Howland • Jan. 4, 2019 -
Foot Locker passes $3M investment to kids' shoe startup
Super Heroic, a children's footwear retailer, has now raised $10 million since its founding in 2016, and plans to start selling in Kids Foot Locker stores.
By Cara Salpini • Jan. 4, 2019 -
Marble Ridge files anti-SLAPP motion against Neiman Marcus
Things are heating up between the luxury retailer and its lenders, which aren't happy with the transfer of its MyTheresa e-commerce business last year.
By Corinne Ruff • Jan. 3, 2019 -
Lampert's plan A and B for Sears
An affiliate of the Sears Chairman's hedge fund on Wednesday filed an alternative bid that would keep open just 250 stores.
By Corinne Ruff • Jan. 3, 2019 -
Blake Nordstrom dies unexpectedly at 58
The co-president of Nordstrom, the department store founded by his great-grandfather, had worked at the family business since he was a teenager.
By Daphne Howland • Jan. 3, 2019 -
Deep Dive
Camping World drives beyond the RV park with acquisition spree
The RV seller recently bought several outdoors retailers, in part to support its Good Sam Club, but also as a way to move further into the space.
By Cara Salpini • Jan. 3, 2019 -
Michael Kors is officially Capri
The company also declared itself a global luxury fashion house thanks to its acquisition of Versace, but there's work ahead for its newly acquired brands.
By Daphne Howland • Jan. 2, 2019 -
WSJ: Amazon will build more Whole Foods stores
Suburban areas will be the target for store growth as the grocer aims to make its Prime Now pickup and delivery services available to more shoppers.
By Kristine Sherred • Jan. 2, 2019 -
What do positive comp sales say for department stores? Not much
Despite a likely positive holiday season when all the tallies are in, the retailers are still miles behind others in the industry in terms of growth, analysts say.
By Caroline Jansen • Jan. 2, 2019 -
Sears to shutter 80 stores as Lampert throws in last-minute bid
Transform Holdco, an affiliate of Lampert's hedge fund, submitted a $4.4 billion bid for nearly all of Sears' remaining assets, including 425 stores.
By Daphne Howland • Updated Dec. 31, 2018 -
Gap shuttering flagship 5th Avenue store in New York
The move to close down a store on one of Manhattan's premier retail blocks demonstrates that there will be no sacred cows as the struggling brand shutters "hundreds" of its global locations.
By Daphne Howland • Dec. 28, 2018 -
Marble Ridge urges Neiman Marcus to drop countersuit by Friday
The debtholder set off a contentious power struggle between Neiman Marcus and its lenders earlier this month when it filed a lawsuit regarding the transfer of MyTheresa.
By Corinne Ruff • Dec. 27, 2018 -
Lululemon and Penguin Random House launch pop-up
The collaboration marks another interesting move from the athletic apparel retailer in its effort to become a lifestyle brand.
By Caroline Jansen • Dec. 26, 2018 -
Deep Dive
Retail is giving Wall Street fits
What does it say about the industry that investors are betting against retailers lately? Maybe a little. But not much.
By Daphne Howland • Dec. 21, 2018 -
Nike execs see digital as 'the majority' of future business
E-commerce grew by 41% in the quarter and executives said that digitally focused store concepts and initiatives are paying off.
By Cara Salpini • Dec. 21, 2018 -
Ikea invests in kitchen planning company Traemand
As with its acquisition of odd-job service TaskRabbit, the Swedish furniture retailer at long last is addressing the difficulty of assembling its furniture.
By Daphne Howland • Dec. 21, 2018 -
Neiman Marcus lenders reportedly mull joint lawsuit
About 20 financial institutions sent a letter to Credit Suisse Friday demanding the bank's resignation as administer of the term loan, sources said. And more litigation could come.
By Corinne Ruff • Dec. 21, 2018 -
More than 40% of holiday shoppers heading to dollar stores
Dollar General, Dollar Tree and Family Dollar are attracting consumers of various income brackets and generations, according to an NPD Group report.
By Daphne Howland • Dec. 21, 2018 -
Amazon is struggling to make online grocery profitable
Households that order from the online retailer spend three times less per month than those that use supermarket services, according to Brick Meets Click.
By Jeff Wells • Dec. 20, 2018 -
Rite Aid onboards new CIO amid struggles
While competitors like CVS and Walgreens have found their edge, Rite Aid is struggling to keep pace.
By Samantha Schwartz • Dec. 20, 2018 -
Bankruptcy court approves liquidation plan for former Rockport operating company
The Relay Shoe Company (formerly known as The Rockport Company LLC) previously owned comfortable shoe brands like Rockport, Aravon and Dunham.
By Corinne Ruff • Dec. 20, 2018 -
Gymboree reportedly preps for Ch. 22
A new report from the Financial Times says the children's apparel retailer is "within days" of filing for a second Chapter 11.
By Cara Salpini • Updated Jan. 11, 2019 -
Walgreens holds steady despite U.S. store comp decline
The drugstore retailer and Alphabet's Verily medical tech unit announced a joint project to help patients manage chronic conditions less expensively.
By Daphne Howland • Dec. 20, 2018 -
Williams-Sonoma sues Amazon over alleged West Elm copies
The home goods retailer says the e-commerce giant's Rivet private label line sells "knockoffs" of products from its West Elm brand.
By Corinne Ruff • Dec. 20, 2018