Financial News: Page 270
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Coach snaps up Kate Spade for $2.4B
Coach CEO Victor Luis has said the company is looking to diversify its brand further through expansion deals like its acquisition of footwear brand Stuart Weitzman, and, now, Kate Spade.
By Daphne Howland • May 8, 2017 -
Camping World CEO: 70 Gander Mountain stores will survive culling
Camping World aims to restart the struggling outdoor retailer with a "clean slate" of inventory, which will involve liquidating most stores and reopening profitable ones.
By Daphne Howland • May 8, 2017 -
Report: Gymboree to close up to 350 stores in imminent Chapter 11 filing
The children’s apparel retailer has been saddled with debt since Bain Capital took over control in a 2010 leveraged buyout.
By Daphne Howland • May 5, 2017 -
Report: Retail job losses swelled 36% over last year
Retail sector job cuts are outpacing other industries, according to outplacement firm Challenger, Gray & Christmas. Yet, the federal government found that retail employment changed little in April.
By Daphne Howland • May 5, 2017 -
Bebe reportedly dodges bankruptcy, will shutter all stores
The women’s apparel retailer was able to ink deals with its landlords to close all of its 180 stores and avoid a Chapter 11 filing.
By Daphne Howland • May 5, 2017 -
Nordstrom picks Anne Brammam to succeed longtime CFO
Bramman will step into the role in June, replacing 18-year veteran CFO Mike Koppel, who announced his retirement in October.
By Daphne Howland • May 5, 2017 -
Crate & Barrel taps CEO from parent company Otto Group
Neela Montgomery is taking over less than a month after the abrupt departure of ex-CEO Doug Diemoz.
By Daphne Howland • May 5, 2017 -
Amazon unveils plans for vast UK tech development center
The center, slated to open in the fall, will focus on work related to devices like the Kindle, Echo Look and others.
By Dan O'Shea • May 4, 2017 -
Deep Dive
Why Hudson's Bay is shopping for a takeover amid 2017's retail bloodbath
As retailers struggle, the Canadian department store conglomerate sees opportunity to buy department stores — perhaps Neiman Marcus.
By Corinne Ruff • May 4, 2017 -
Profits plummet for struggling Cabela's ahead of merger decision
A merger with Bass Pro Shops increasingly looks like a good deal for the outdoor retailer, whose net income fell 16.7% in the first quarter.
By Daphne Howland • May 4, 2017 -
Macy's, Tailored Brands untie partnership
The companies teamed up in 2015, but Tailored Brands halted an expansion of the effort in March after it tallied operating losses beyond its expectations.
By Daphne Howland • May 4, 2017 -
Hudson's Bay CFO to depart this summer
During Paul Beesley's tenure, the department store retailer expanded its real estate and retail portfolios.
By Daphne Howland • May 3, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Report: Private equity firms eye Staples acquisition
Cerberus and Sycamore Partners are said to be interested, while Clayton Dubilier & Rice, Advent International and Bain Capital are apparently backing away.
By Daphne Howland • May 3, 2017 -
Nasty Gal owner Boohoo taps Stella Hudgens for summer capsule
This is the fourth collaboration the online U.K. apparel retailer has secured with a young celebrity to reach its target consumers.
By Daphne Howland • May 3, 2017 -
Etsy replaces CEO, cuts jobs after hedge fund harps on missteps
Black-and-White Capital, which owns 2% of Etsy’s shares, wrote in a letter that the company has a lot of work to do to tighten its belt and boost sales.
By Daphne Howland • May 3, 2017 -
CVS kicks off 'rebuilding year' with Q1 earnings beat
CEO Larry Merlo and analysts say the year will likely shape up as one of rebuilding rather than advancement for the drugstore retailer.
By Daphne Howland • May 2, 2017 -
Shareholder slams Urban Outfitters' board as 'insular,' urges turnover
The company, however, pushed back against the notion that its board composition was responsible for any stock declines in a note emailed to Retail Dive Tuesday.
By Daphne Howland • May 2, 2017 -
Report: Rue21, lenders in talks ahead of possible bankruptcy
The apparel retailer has missed interest and amortization payments and is seeking new lenders, although analysts say the company can’t take on any more debt.
By Daphne Howland • May 2, 2017 -
Macy's to sell portion of iconic Chicago Loop flagship store
The eighth through the 14th floors of the building, some 700,000 square feet, up for sale could fetch as much as $130 million.
By Daphne Howland • May 2, 2017 -
Barclays: Warehouse, delivery automation critical for AmazonFresh success
Fewer human-centered processes in logistics, including the use of “robot vans,” could drive massive growth for Amazon's grocery service.
By Jeff Wells • May 2, 2017 -
Report: J. Crew draws debt reprieve from Blackstone's credit arm
The apparel retailer's ongoing debt problems are complicating its strategy — financially and operationally — Debtwire analyst Philip Emma told Retail Dive.
By Daphne Howland • May 2, 2017 -
Camping World snaps up bankrupt Gander Mountain
The Illinois-based RV company will likely close more stores than the 32 already being liquidated nationwide.
By Daphne Howland • May 1, 2017 -
Report: Coach may step in with Jimmy Choo bid
After a comeback that has allowed Coach to retake its place as a higher-end brand, the footwear and accessories maker is interested in expansion.
By Daphne Howland • May 1, 2017 -
Report: Party City mulls sale after private equity approach
Just two years after going public, the party supplies and costumes retailer may be taken private again in a leveraged buyout.
By Daphne Howland • May 1, 2017 -
Luxury brand Vince plunges on 'going concern' warning
The high-end apparel maker is struggling amid a turnaround plan focused on addressing design and shipping issues, revamping its stores and ramping up digital engagement.
By Daphne Howland • May 1, 2017