Financial News: Page 192
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Sears reportedly misses vendor payments while banks push for liquidation
The reports follow others that the retailer is working with banks and advisors on a filing that could come this week, according to media reports.
By Ben Unglesbee • Updated Oct. 11, 2018 -
Levi's maintains its momentum
The brand's iconic status is helpful, but much of its growth is also attributable to merchandise diversification.
By Daphne Howland • Oct. 10, 2018 -
Deep Dive
Up, up and Away: Inside the rise of a direct-to-consumer darling
The nearly three-year-old travel brand has momentum and money to scale, but how high can it fly before hitting its ceiling?
By Corinne Ruff • Oct. 10, 2018 -
DSW, Authentic Brands team up to acquire Camuto for $375M
ABG is adding yet another major name to its portfolio, while the shoe retailer sees new revenue opportunities and an expanded market ahead.
By Daphne Howland • Oct. 10, 2018 -
Jenna Lyons partners with Turner Entertainment on broadcast-commerce venture
The mystery of what the style icon would do after a quarter century at J. Crew will be revealed early next year.
By Daphne Howland • Oct. 10, 2018 -
Universal Standard broadens size range to 00 to 40
The three-year-old startup will also open the doors of its first brick-and-mortar store in NYC to kick off its new "Foundation" collection.
By Corinne Ruff • Oct. 9, 2018 -
Is it time for retailers to get political?
Turbulent political times might seem like a good reason for retailers to avoid controversial issues, but only certain ones, according to an OnBuy study.
By Daphne Howland • Oct. 9, 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 invests $20M in payments firm Klarna
The retailer aims to streamline payments, deliveries and returns both online and in stores.
By Dan Alaimo • Oct. 9, 2018 -
Target stokes price war with new Smartly private label
Beginning mid-month the mass merchant will roll out a home essentials and personal care brand with most items priced under $2.
By Corinne Ruff • Oct. 8, 2018 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Cartier, Saks trade high-stakes lawsuits over NYC renovation
The upscale retailer is attempting to reset the essence of what a department store is, but the luxury jeweler is resisting the changes that entails.
By Daphne Howland • Oct. 8, 2018 -
Bath & Body Works manager allegedly humiliated employee who requested a larger screen
The Equal Employment Opportunity Commission has alleged that when an employee with a vision impairment requested a larger monitor, her manager bought a magnifying glass and presented it to her in front of her co-workers.
By Lisa Burden • Oct. 8, 2018 -
Subscription marketplace Cratejoy downsizes
Customer retention remains a sticky problem for subscription services, although Amazon has expanded its own curated boxes.
By Daphne Howland • Oct. 5, 2018 -
Sears closing more stores just ahead of the holidays
As yet more Sears and Kmart stores shutter, the company is gradually running through assets to leverage, not to mention the source of much-needed sales.
By Daphne Howland • Oct. 5, 2018 -
Deep Dive
Here's who is making moves in 2018 holiday hiring
As the season unfolds, we're making a list (and checking it twice) of who is hiring and how it stacks up against last year's strong holiday season. Here's a look at holiday staffing so far.
By Ben Unglesbee • Updated Oct. 19, 2018 -
Mattress Firm files Ch. 11, plans 700 store closures
Days after rumors broke, the mattress player filed for bankruptcy, citing ineffective marketing, insufficient high-end sales and changes to key suppliers.
By Cara Salpini • Oct. 5, 2018 -
Mall vacancy rate hits 7-year high
Non-retail tenants are coming in to save some malls, but retailers still need to correct the oversaturated landscape.
By Daphne Howland • Oct. 5, 2018 -
Costco's winning streak continues as e-commerce grows
Even as the membership retailer's e-commerce business grows, it doesn't see digital sales overtaking brick and mortar.
By Daphne Howland • Oct. 5, 2018 -
Barnes & Noble pages through strategic options, including a sale
The bookseller noted multiple parties have expressed interest. Some industry experts say going private is the company's best bet to turnaround the business.
By Corinne Ruff • Oct. 4, 2018 -
Birchbox to give Walgreens a beauty facelift
Starting in December and early next year, the beauty subscription brand will launch sales at 11 Walgreens stores in six major markets.
By Daphne Howland • Oct. 4, 2018 -
Barry haynes [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
VF selling Reef beach footwear brand
The company continues to sharpen its focus by ejecting yet another brand from its portfolio.
By Daphne Howland • Oct. 4, 2018 -
Mattress Firm reportedly preparing to file for bankruptcy
The mattress retailer is looking to shed stores and could file as soon as this week, according to a Reuters report.
By Cara Salpini • Oct. 4, 2018 -
How Eloquii fits into Walmart's quest for upscale growth
The women's plus-size apparel business is the latest digitally native brand to join the ranks of Walmart's portfolio. And it offers a slice of a $21 billion market.
By Corinne Ruff • Oct. 3, 2018 -
Toys R Us cancels IP auction, leaving brand property for its backers
The toy retailer said this summer around 115 parties showed interest in its IP — but apparently none of them brought enough cash to the table.
By Ben Unglesbee • Oct. 3, 2018 -
Justice launches entertainment arm
The most successful brand in Ascena Retail Group is taking full advantage of its strong loyalty from young shoppers and their parents.
By Daphne Howland • Oct. 3, 2018 -
J.C. Penney taps former Joann chief as CEO
After a shakeup in executive staff, the department store has turned to merchandising veteran Jill Soltau to lead it out of the doldrums.
By Daphne Howland • Oct. 3, 2018