Financial News: Page 193
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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 -
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 Daphne Howland • Oct. 3, 2018 -
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 Daphne Howland • 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 Corinne Ruff • Updated Oct. 2, 2018 -
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 -
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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Corinne Ruff • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • Sept. 28, 2018 -
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 Corinne Ruff • 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 Daphne Howland • Sept. 27, 2018 -
Purple wakes up to a new CEO
The mattress startup faces fierce competition in a disrupted market increasingly being captured by Casper.
By Daphne Howland • 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 Daphne Howland • 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 Corinne Ruff • 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 Daphne Howland • Sept. 26, 2018