Financial News: Page 209
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Destination Maternity taps new CEO after board sweep
In the tug of war initiated by two activist investors, a new guard prevailed. Now, they'll have to deliver the maternity apparel retailer from the brink of bankruptcy.
By Daphne Howland • May 31, 2018 -
Nordstrom plots 2 more merchandise-free stores
If the expansion plays well in the Los Angeles market, cities like Manhattan could be next on the list.
By Corinne Ruff • Updated July 10, 2018 -
Claire's poised to close more than 130 stores in bankruptcy
While there's still time in the process to close more stores, it's already clear that the teen retailer is moving to close a significant fraction of its U.S. footprint.
By Ben Unglesbee • May 31, 2018 -
Dollar Tree suffering from 'weaker' Family Dollar
Acquired nearly four years ago, the Family Dollar side of the business saw sales fall 1.1% this quarter under better economic conditions.
By Daphne Howland • May 31, 2018 -
American Eagle posts 13th straight quarter of sales gains
The company is now applying the body positivity message found at its Aerie brand to the flagship apparel banner, in hopes that it creates growth there as well.
By Daphne Howland • May 31, 2018 -
J. Crew ekes out sales rise as Madewell skyrockets
The retailer's smaller sibling is breathing new life into the company, and the pressure is on to grow the brand fast.
By Daphne Howland • May 31, 2018 -
Walmart kicks off shareholders' meeting with focus on associates
The annual meeting kicked off with a series of announcements about workforce initiatives, in front of a cheering crowd of those very employees at an Arkansas arena.
By Laura Heller • May 30, 2018 -
'Refined' assortment fuels Dick's Q1 sales
Despite a cold spring and falling gun sales, the sporting goods retailer's shift to differentiated merchandise meant fewer discounts and cleaner inventory in the quarter.
By Daphne Howland • May 30, 2018 -
Target to open 3 small format stores in Seattle
The stores are part of an ongoing plan to construct 130 across the country by the end of 2019 in urban, suburban and college campus areas.
By Corinne Ruff • May 30, 2018 -
Consumer group protests Amazon, says 'Bezos needs a boss'
SumOfUs argues that separating the founder's roles as chief executive and board chairman would benefit Amazon shareholders.
By Daphne Howland • May 30, 2018 -
Sears CEO reports 'numerous' interested partners in asset sales
Eddie Lampert, through the hedge fund he runs, has found potential partners in a buyout of some of the retailer's most valuable remaining assets.
By Ben Unglesbee • May 30, 2018 -
Kroger's recent deals signal growth of tech in food retail
Investments in e-commerce provider Ocado and meal kit maker Home Chef show that top chains must adopt cutting-edge innovations in order to survive.
By Jeff Wells • May 30, 2018 -
Q&A
How Brandless built a following with its 'just what matters' approach
Ido Leffler, co-founder and chairman of the direct-to-consumer company, talks about how its values, branding strategy and unique model have made the company a retail standout.
By Emma Liem Beckett • May 30, 2018 -
Walmart to help fund college degrees for associates
The retailer anticipates that over 68,000 employees will enroll in business and supply chain management degrees over the next five years.
By Corinne Ruff • May 30, 2018 -
DSW delivers Q1 sales rise amid Ebuys shutdown
The company has a lot of moving parts, including purchasing the rest of Canada's Town Shoes and undergoing a major loyalty revamp.
By Daphne Howland • May 30, 2018 -
Lowe's reportedly compels managers to sign arbitration agreements
To receive bonuses, managers and assistant managers agree not to pursue claims in court or join a class action, the Huffington Post reports.
By Daphne Howland • May 30, 2018 -
The decline of department stores just one force reshaping the American mall
Shifts in spending channels, habits and priorities are spurring a dramatic makeover of the format as more than 1,000 department stores are expected to close by 2023.
By Daphne Howland • May 29, 2018 -
Wesfarmers reportedly dumps Homebase for £1
The Australian group blamed macroeconomics in Europe for souring the business after paying $451 million for the U.K. retailer just two years ago.
By Daphne Howland • May 29, 2018 -
Guitar Center adds 2 execs amid online push
The musical instrument retailer is bringing new leaders in to spearhead marketing and e-commerce efforts as the company grapples with debt and changes in its sector.
By Daphne Howland , Ben Unglesbee • May 29, 2018 -
Hibbett sales drop as e-commerce rises
The athletics retailer took its time getting into e-commerce, but this quarter the company saw online purchases rise to 7% of total sales.
By Daphne Howland • May 29, 2018 -
Foot Locker soars on earnings beat
The athletic footwear retailer also beat expectations on margins and sales, but changes in sneaker sales will likely continue to trip it up.
By Daphne Howland • May 25, 2018 -
Inventory pileup at Gap hurts Q1
A cold spring deprived Old Navy of its usual sales lift, but problems at flagship Gap may be more entrenched.
By Daphne Howland • May 25, 2018 -
Urban Outfitters launches third-party marketplace, tests self-checkout
On a call with analysts, the retailer detailed how it is raising its bet on digital, including by adding new payment options and updating its sites and apps.
By Erica Sweeney • May 25, 2018 -
Williams-Sonoma has a breakout quarter
The home goods retailer reported big gains in sales and earnings at all brands, and is positioned to weather increased competition across channels.
By Daphne Howland • May 25, 2018 -
Fanatics completes partnership play with Nike and the NFL
With speed to market enhanced by Fanatics' vertical manufacturing and commerce, Nike will outfit football players and coaches — and Fanatics will outfit their fans.
By Daphne Howland • May 25, 2018