Financial News: Page 218
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UPDATE: Nine West files for bankruptcy
The women's shoe and fashion retailer had been preparing a plan with creditors that would sell its namesake brand property to Authentic Brands, Reuters reported.
By Ben Unglesbee • April 6, 2018 -
"Anthropologie store Americana at Brand shopping mall in Glendale, California" by Minnaert, Wikimedia Commons is licensed under CC BY-SA 3.0
Anthropologie chief to depart Urban Outfitters
Hillary Super and Andrew Carnie will take over for David McCreight, who is leaving the brand after six years.
By Daphne Howland • April 6, 2018 -
Amazon adding new fulfillment center in Las Vegas
The 1,000 full-time workers to be employed there will likely be working beside robots as Amazon seeks to make its fulfillment operations more efficient.
By Daphne Howland • April 6, 2018 -
Target settles background check lawsuit for $3.7M
The retailer has revamped a hiring process found to disproportionately hurt African-American and Latino job applicants.
By Daphne Howland • April 6, 2018 -
Sally Beauty slashes undisclosed number of HQ jobs
Savings from cost-cutting initiatives will be reinvested into "market-competitive store wages," technology to improve the customer experience and e-commerce growth, the company said.
By Corinne Ruff • April 5, 2018 -
Deep Dive
Is Walmart poised to disrupt healthcare before Amazon?
The retail giant already has a strong track record in pharmacy sales and medical care, but experts wonder if it can really make an impact.
By Daphne Howland • April 5, 2018 -
Opinion
In the Toys R Us void, toy makers should target grocery
As the massive toy retailer winds down, producers can fill the gaps in their profit-and-loss statements by targeting supermarkets, writes Tim Hall, CEO of research firm Simporter and former Hasbro executive.
By Tim Hall • April 5, 2018 -
Nike 'failing to gain traction' in diversity hires
The athleticwear giant is working through some issues in order to square its reality with brand identity, experts say.
By Daphne Howland • April 5, 2018 -
Macy's longtime CFO to retire
Karen Hoguet has spent 36 years with Macy's, 20 as its CFO, and has been there "for good times and bad," said CEO Jeff Gennette.
By Daphne Howland • April 5, 2018 -
Apple poaches Google AI chief
The tech giant has hired John Giannandrea away from its rival, which could boost Apple's Siri in the race for better voice assistant technology.
By Dan Alaimo • April 5, 2018 -
Century 21 opens concept store on Staten Island
The Staten Island project is a twist on the iconic off-price retailer's high-end offering in New York.
By Daphne Howland • April 4, 2018 -
Tractor Supply Co opens 1,700th store
The "rural lifestyle" retailer is among those actually peppering the landscape with more stores.
By Daphne Howland • April 4, 2018 -
Neiman Marcus Group taps new CFO
Adam Orvos has a significant amount of retail experience, particularly at department stores, and takes on a spot that's had a swiftly revolving door.
By Daphne Howland • April 4, 2018 -
Target plans more small-format stores in NYC, Chicago
The locations are part of an ongoing plan to construct 130 small-format stores by the end of 2019 in urban, suburban and college campus areas.
By Corinne Ruff • April 3, 2018 -
Deep Dive
The bite in BarkBox's retail gameplan
Pet retail is growing, and much of that newfound strength is coming from startups with data-driven personalization and customer service at their cores.
By Cara Salpini • April 3, 2018 -
Toys R Us shuts down e-commerce operations
The bankrupt toy retailer is no longer open for business online and is instead redirecting customers to its closeout sales at stores — which themselves are provoking some grumbling.
By Ben Unglesbee • April 3, 2018 -
Walmart reportedly mulling acquisition of pharmacy startup PillPack
The retail giant also announced the launch of a new money transfer service through Moneygram that allows customers to send funds to 200 countries.
By Daphne Howland • April 3, 2018 -
Walmart debuts small-format store in China
Most everything in the new store can also be found on JD.com for fast delivery, and will challenge local supermarkets on price.
By Daphne Howland • April 3, 2018 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Hudson's Bay data breach among 'most damaging' in retail
The department store retailer's Saks and Lord & Taylor stores were hit with a massive security breach in their point-of-sale systems, adding to the company's ongoing woes.
By Dan O'Shea • April 2, 2018 -
Bon-Ton finds a potential buyer
The department store retailer extended bids ahead of a bankruptcy auction as it discusses a going-concern bid with a prospective buyer.
By Ben Unglesbee • April 2, 2018 -
China puts tariffs on $3B worth of selected US food exports
In the wake of newly announced high taxes on Chinese steel and aluminum imports, American farmers and producers had been nervously eyeing the Asian nation's plan to strike back.
By Cathy Siegner • April 2, 2018 -
Carbon38 plots first store and Neiman Marcus rollout
Since testing a pop-up shop near its headquarters in Los Angeles, the digitally native athleisure brand has announced plans to establish a permanent flagship.
By Daphne Howland • April 2, 2018 -
Report: Amazon targeting Gen Z with checking accounts
The e-commerce company is turning to JP Morgan Chase and Capital One to help snag the youngest generation's banking business, according to Bloomberg.
By Daphne Howland • April 2, 2018 -
Walmart reportedly in merger talks with Humana
As one of the largest private employers in the U.S., Walmart already works hard to rein in healthcare costs and has a lot of power in some markets.
By Daphne Howland • April 2, 2018 -
Column
Reporter's Notebook: A peek inside Amazon's exploding apparel operation
Retail Dive's Ben Unglesbee took a tour of Amazon's apparel fulfillment center to see the guts of the business in action.
By Ben Unglesbee • March 30, 2018