Financial News: Page 193


  • 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 Oct. 3, 2018
  • Ross to settle $4.9M lawsuit over 'deceptive' price tags

    It's getting harder for off-price retailers to stock big name brands, making "compare to" pricing fraught.

    By Oct. 3, 2018
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    How big is Amazon's wage increase?

    The e-commerce giant has previously been criticized for poor working conditions and low wages, but its hourly pay is now above even Costco's.

    By Oct. 3, 2018
  • Walmart buys Eloquii for undisclosed amount

    The deal is expected to close within the quarter, according to company materials provided to Retail Dive.

    By Updated Oct. 2, 2018
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    Amazon to boost minimum wage to $15 an hour for all employees

    The announcement impacts all of the company's full-time, part-time, seasonal and temporary employees in the U.S., including those hired by agencies.

    By Ryan Golden • Oct. 2, 2018
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    Courtesy of Birkenstock
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    Birkenstock opens first US store in NYC's SoHo

    The new store demonstrates the enduring appeal of New York's historic shopping district in particular and of brick-and-mortar locations in general.

    By Oct. 2, 2018
  • Stitch Fix expands to the UK, faces 'slight hiccup' at home

    Shares of the online apparel box service fell more than 20% after earnings fell short of Wall Street's estimates.

    By Oct. 2, 2018
  • Toys R Us owners announce $20M employee fund

    The move follows months of activists' efforts to win severance for the toy retailer's employees let go after Toys R Us liquidated its stores in bankruptcy.

    By Updated Nov. 21, 2018
  • Target private label collection spotlights women leaders

    The company's latest partnership features Vital Voices, a non-profit organization that promotes the work of female leaders.

    By Oct. 1, 2018
  • Michaels expanding toy assortment

    The crafts retailer joins several others in working to fill a void opened by the collapse of Toys R Us.

    By Oct. 1, 2018
  • Chanel acquires British swim brand Orlebar Brown

    The luxury brand, which is in the midst of streamlining operations, is tapping a digital success story to fuel synergies and expansions.

    By Oct. 1, 2018
  • Deep Dive

    The faultlines in retail real estate

    The American retail landscape is different now: malls are losing anchors and big boxes are in decline. But e-commerce is hardly the only reason.

    By Oct. 1, 2018
  • NAFTA negotiators strike a new deal

    Retail trade groups are applauding the new agreement, which the U.S., Mexico and Canada are expected to sign in late November.

    By Edwin Lopez • Oct. 1, 2018
  • Rite Aid posts $352.3M loss

    While the loss of income surprised analysts, the drug store retailer made progress on sales as it tries to find a path alone following two failed mergers. 

    By Sept. 28, 2018
  • J.C. Penney hires its 2nd interim CFO in a month

    The retailer named Michael Fung as its new temporary finance chief as it grapples with around $4 billion of debt and a cloud of uncertainty.

    By Updated Oct. 30, 2018
  • Nordstrom expanding 'Local' stores

    The department store's Local concept, like Bonobos's Guideshops, has transformed the problem of showrooming into an advantage.

    By Sept. 28, 2018
  • Belk unveils private-label beauty brand

    The regional department store joins rivals in working to recapture share in a market that has moved to specialty players.

    By Sept. 28, 2018
  • Kohl's to launch home collection with HGTV's Scott twins

    The department store has cleaned up its stores and differentiated its merchandise of late, boosting revenue and margins in the process.

    By Sept. 28, 2018
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    Corinne Ruff
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    Inside the J. Crew-Universal Standard collaboration

    This summer, the iconic American brand partnered with a startup to expand its sizing — and executives say it's already paying off.

    By Sept. 27, 2018
  • Amazon opens '4-star' store in New York City

    The new store will be a test of the e-commerce giant's ability to connect with customers through brick and mortar.

    By Sept. 27, 2018
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    Courtesy of Purple
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    Purple wakes up to a new CEO

    The mattress startup faces fierce competition in a disrupted market increasingly being captured by Casper.

    By Sept. 27, 2018
  • Bed Bath & Beyond falls behind with 'grim' results

    Executives called for patience amid a turnaround that isn't showing much sign of gaining traction, despite a strong consumer economy.

    By Sept. 27, 2018
  • Will Nike kick up sales on Jet.com?

    After a successful pilot selling on Amazon last year, the athletics brand will soon debut on Walmart's more urban, millennial-focused marketplace.

    By Sept. 26, 2018
  • Under Armour names new chief marketing officer

    Alessandro de Pestel, the new CMO, also has extensive experience in fashion with brands like Tommy Hilfiger, Christian Dior Parfums and Omega Watches. 

    By Erica Sweeney • Sept. 26, 2018
  • Dov Charney ordered to pay $19.5M over American Apparel suit

    The brand's founder says he's focused on running Los Angeles Apparel, along with other litigation around his previous company.

    By Sept. 26, 2018