Financial News: Page 237
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Belk grabs The Limited as exclusive label
Once a definer of casual fashion, the brand will become a department store label for working women.
By Daphne Howland • Dec. 6, 2017 -
L'Occitane store redesign promotes 'multi-sensory' experience
The beauty retailer's immersive store is designed with the elements in mind, with hopes that shoppers engage with products on different levels.
By Dan O'Shea • Dec. 5, 2017 -
New Walgreens branding emphasizes distant past
The move comes just a day after rival CVS blasted into the future with the news it would acquire health insurer Aetna for $69 billion.
By Daphne Howland • Dec. 5, 2017 -
Ann Taylor-parent Ascena sees sales sag
The company is closing stores as it tries to regroup, but it's suffering from fashion misses at more than one of its brands.
By Daphne Howland • Dec. 5, 2017 -
Deep Dive
4 major questions about the proposed CVS-Aetna merger
The $69 billion merger announced Sunday is the kind of deal that can upend an industry.
By Shannon Muchmore • Dec. 5, 2017 -
Charming Charlie to close stores, cut corporate staff
The women's accessories retailer is scaling back operations in an effort to get leaner, as fears of a financial default swirl.
By Ben Unglesbee • Dec. 5, 2017 -
Five Below keeps adding stores as sales soar
The retailer is managing all manner of trends and fostering a treasure hunt atmosphere, but it could get harder to top its own results going forward.
By Daphne Howland • Dec. 5, 2017 -
Guitar Center downgraded
The guitar retailer may negotiate a debt exchange, but S&P analysts warn a transaction could be "tantamount to default."
By Ben Unglesbee • Dec. 5, 2017 -
Gap lost 54% of its shoppers in one year
What's more, almost four out of every 10 (38%) of the retailer's lost customers shopped at Old Navy instead, according to research from 1010data.
By Daphne Howland • Dec. 5, 2017 -
Toys R Us to shutter 25% of UK stores
The toy retailer is also looking for more time before submitting a plan to reorganize following its Chapter 11 bankruptcy filing in September.
By Ben Unglesbee • Dec. 5, 2017 -
Patagonia: 'The president stole your land'
The outdoor retailer is taking a political stance, a move that has played well with customers in the past, by suing the administration over its recent reduction of protected lands.
By Daphne Howland • Dec. 5, 2017 -
Dive Awards
Technology of the Year: Alexa
Some 5.6 million Americans will use a voice-activated assistant device at least once a month this year, a 129% increase over last. Amazon is the leader in this space, by a lot, and there are few who doubt the growing power of Alexa.
By Ben Unglesbee • Dec. 4, 2017 -
Dive Awards
Executive of the Year: Marc Lore
Few executives have had as big an impact in as short a time as Marc Lore. Since joining Walmart as head of U.S. e-commerce, online sales have exploded and the company is building a stable of brands to rival its biggest rival.
By Laura Heller • Dec. 4, 2017 -
Dive Awards
The Retail Dive Awards for 2017
The 2017 Retail Dive Awards recognize the industry’s top disruptors and innovators. These executives, companies and trends are transforming the industry and shaping the future.
By Corinne Ruff , Ben Unglesbee , Laura Heller , Cara Salpini • Dec. 4, 2017 -
Dive Awards
Deal of the Year: Amazon buys Whole Foods
No other acquisition this year even comes close to the significance this merger will have on retail, across categories and channels.
By Corinne Ruff • Dec. 4, 2017 -
Dive Awards
Turnaround of the Year: Target
Target has clawed its way out of a pretty big hole, one left by complacent management and an ill-fated expansion into Canada. It's taken time, but the mass merchant has reclaimed its rightful place as a purveyor of unique, well-priced merchandise.
By Corinne Ruff • Dec. 4, 2017 -
Dive Awards
Store Concept of the Year: Sephora
In a retail landscape where experience is increasingly key to customer enjoyment, Sephora's store concepts are tech-heavy and service-oriented in a way many brick-and-mortar retailers haven't matched.
By Cara Salpini • Dec. 4, 2017 -
Prepare to drop 'shopping' from retail's emphasis
The vision outlined by commercial real estate services and investment firm CBRE is already emerging at several malls and retailers, most vividly at Apple.
By Daphne Howland • Dec. 4, 2017 -
Swarovski launches AR app experience at holiday pop-up
Perfect's YouCam apps let mobile users virtually try on holiday-inspired makeup and crystal jewelry from the brand.
By Robert Williams • Dec. 4, 2017 -
Dive Awards
Disappointment of the Year: J. Crew
Amid a mass exodus of top executives this spring, J. Crew seems ill-prepared to find the way back to its core consumer base as the retailer struggles to fight off falling sales and a large debt load.
By Cara Salpini • Dec. 4, 2017 -
Ulta online sales soar 63%
Even as the beauty retailer boosts e-commerce and omnichannel growth, it plans to keep building stores, with 100 slated to open next year.
By Daphne Howland • Dec. 4, 2017 -
Dive Awards
Retailer of the Year: Amazon
Try as we might, there's really no competition. Whether through acquisitions or in-house innovation, Amazon is setting the bar high and everyone else is just trying to come close.
By Ben Unglesbee • Dec. 4, 2017 -
CVS Health to buy Aetna for $69B
This move is a massive, if natural extension of CVS's ambitions to become an overall healthcare company and one that could alter the drugstore landscape.
By Daphne Howland • Dec. 4, 2017 -
GapKids teams up with Sarah Jessica Parker
The actress has brought her style chops to various brands at different price points, and the Gap spring collection will be available worldwide.
By Daphne Howland , Cara Salpini • Dec. 4, 2017 -
J.C. Penney cuts ties with Russell Simmons apparel
The Def Jam Recordings co-founder, who founded Argyleculture, is facing multiple allegations of sexual misconduct.
By Daphne Howland • Dec. 4, 2017