Financial News: Page 184
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Dive Awards
Turnaround of the Year: Kohl's
After a stretch of declining sales, Kohl's took control of its fate through new brand and product partnerships, a loyalty revamp and moves to become more operationally nimble.
By Ben Unglesbee • Dec. 3, 2018 -
CEO of Parcel, Walmart's grocery delivery arm in NYC, departs
Jesse Kaplan's departure could deal a blow to the retailer's efforts to gain inroads in the Big Apple through its Jet.com business, Bloomberg writes.
By Jessica Dumont • Nov. 30, 2018 -
Eloquii opens SoHo pop-up
The plus-size brand is no longer an e-commerce pure play, and the expansion is likely benefiting from Eloquii's recent acquisition by Walmart.
By Daphne Howland • Nov. 30, 2018 -
Guess to pay $45M to resolve European antitrust investigation
The company was fined for maintaining "artificially high retail prices" in Central and Eastern Europe.
By Daphne Howland • Updated Dec. 18, 2018 -
Lululemon investor files lawsuit against former CEO
Laurent Potdevin was ousted in February following misconduct allegations. The lawsuit claims he fostered a toxic culture that had financial repercussions.
By Cara Salpini • Nov. 30, 2018 -
WSJ: J. Crew axes Mercantile brand
The move halts a recent deal to sell the brand through Amazon and leaves only the company's factory stores to appeal to budget shoppers.
By Daphne Howland • Nov. 30, 2018 -
WSJ: Sears talks with liquidators as it tries to sell itself
While the retailer's chairman, Eddie Lampert, works on a bid to buy Sears in Ch. 11, its advisers are also talking with firms that would sell off its assets.
By Ben Unglesbee • Nov. 29, 2018 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M to offer part-time employee benefits
The retailer announced six weeks of paid paternal leave to eligible workers.
By Kathryn Moody • Nov. 29, 2018 -
Family Dollar's rising costs and weakness ail Dollar Tree
Despite improvements to stores and changes to merchandise, Family Dollar continues to drag down its parent company.
By Daphne Howland • Nov. 29, 2018 -
Reuters: Gymboree could close half its stores, file Ch. 22
The children's apparel retailer emerged from bankruptcy last year with fewer stores and less debt — but the reorganization may not have been enough.
By Ben Unglesbee • Nov. 29, 2018 -
Chico's brand chief out amid sales slide
A style pivot at the apparel company's flagship label went awry, sending store comps down drastically in the third quarter.
By Daphne Howland • Nov. 29, 2018 -
Ralph Lauren exits historic NYC garment district
The brand joins several others that have abandoned flagship locations as the city's rents rise and fans turn away.
By Daphne Howland • Nov. 29, 2018 -
Opinion
The last thing a retailer needs is an activist investor
The downfall of Sears and J.C. Penney was less related to industry upheaval than it was to active disruption — and Starbucks could be next, writes Bob Phibbs, CEO of The Retail Doctor.
By Bob Phibbs • Nov. 29, 2018 -
Abercrombie's recovery shows 'positive momentum'
The retailer, however, has more to do to make shoppers aware of merchandise improvements and bring its U.S. turnaround overseas, analysts say.
By Daphne Howland • Nov. 29, 2018 -
Burlington sales up 13.7% as it plans 49 new stores
The off-price model continues to thrive no matter the economy, and more treasure-filled inventory may be on the way.
By Daphne Howland • Nov. 28, 2018 -
GameStop sells mobile business for $700M
The game and electronics retailer unloaded its Spring Mobile unit to another AT&T dealer as it continues reviewing strategic options.
By Dan O'Shea • Nov. 28, 2018 -
H&M to shutter Cheap Monday brand
The Swedish fast-fashion group has been adding new brands lately, but its 14-year-old skinny jeans wholesale business has been struggling for a while.
By Daphne Howland • Nov. 28, 2018 -
Dick's protects profits as it thins out assortment
The sports apparel retailer is also losing share to specialists like Lululemon and mass merchants like Target, analysts say.
By Daphne Howland • Nov. 28, 2018 -
Tiffany's turnaround is accelerating
The storied jeweler has been working to bring up designs and stores to appeal to younger luxury shoppers.
By Daphne Howland • Nov. 28, 2018 -
Coming to a city near you: Ikea, new and (maybe) improved
The furniture retailer is opening 30 small-store concepts in urban areas and refocusing e-commerce and delivery efforts. Will that lure millennials?
By Caroline Jansen • Nov. 28, 2018 -
Overstock aims to sell retail business by February
The e-tailer's CEO first disclosed a plan for a sale nearly a year ago, but in a recent interview with The Wall Street Journal he offered up few details regarding what he claims is an imminent deal.
By Dan O'Shea • Nov. 27, 2018 -
Instacart slashes delivery and membership fees
The e-commerce provider now charges $3.99 instead of $5.99 for same-day and next-day orders and has lowered its Instacart Express membership fee from $149 to $99.
By Jessica Dumont • Nov. 27, 2018 -
Deep Dive
10 digitally native brands to watch
Direct-to-consumer businesses like Casper, Away and Glossier are banking on social media connections, nimble supply chains and cheaper prices to disrupt retail — and they're scaling quickly.
By Corinne Ruff • Nov. 27, 2018 -
Is Blue Apron's partnership with Costco on the rocks?
Sales of the company's meal kits are on pause at the wholesale giant during the holidays, but CEO Brad Dickerson says it is aiming to return in 2019.
By Christopher Doering • Nov. 27, 2018 -
Adore Me opens 1st store outside of New York
The e-commerce player has big plans for brick and mortar as the brand and its rivals work to take advantage of Victoria's Secret's troubles.
By Daphne Howland • Nov. 26, 2018