Financial News: Page 95
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Neiman's chief digital officer out amid e-commerce revamp
Katie Mullen is leaving, as alums from Apple and Victoria Beckham join the company's merchandising and customer experience team.
By Daphne Howland • Jan. 28, 2021 -
Target partners with Levi’s for lifestyle collection
The big-box retailer is launching a limited-edition line with Levi Strauss, which includes home, pet, accessories and apparel.
By Maria Monteros • Jan. 28, 2021 -
Podcast
The Backroom: Family Video, GameStop and the precarious lives of media stores
The team breaks down what went wrong for the last video chain as well as the fates of other retailers of cultural products.
By Ben Unglesbee • Jan. 28, 2021 -
VF's supreme brand right now is The North Face
The apparel company spent $2.1 billion to beef up its portfolio with the viral streetwear label Supreme, but "gorpwear" is where it's at. Just ask Gucci.
By Daphne Howland • Jan. 28, 2021 -
Starbucks exec Rosalind Brewer to take over as Walgreens CEO
She replaces Stefano Pessina, who will shift to become executive chairman of the board after leading the drugstore retailer for six years.
By Daphne Howland • Jan. 27, 2021 -
Express is 'hemorrhaging cash' even as investors gobble up its stock: report
The struggling fashion brand won a financial lifeline in the form of a loan from private equity firm Sycamore Partners. But its sector's travails continue.
By Ben Unglesbee • Jan. 27, 2021 -
Amazon to grow its Boston tech hub, add 3K jobs
The e-commerce giant is expanding its presence in the city, building on plans for growth at several other of its tech hubs as well.
By Tatiana Walk-Morris • Jan. 27, 2021 -
"Pet Supplies Plus Centreville OH USA" by Ed!(talk)(Hall of Fame) is licensed under CC BY-SA 3.0
Franchise Group acquires Pet Supplies Plus for $700M
The deal, which is expected to close by March, comes as the pet retail industry is performing particularly well.
By Caroline Jansen • Jan. 27, 2021 -
"Mosaic District, Bright-light district in deep suburbia" by Payton Chung is licensed under CC BY 2.0
Small format ‘Bloomies’ to open this fall
The 22,000-square-foot store is being built in the Mosaic District in Virginia and marks yet another blow to the traditional mall from parent Macy's.
By Daphne Howland • Jan. 27, 2021 -
Beauty retailer L'Occitane files Chapter 11
The brand's U.S. unit looks to use bankruptcy to shed stores as the pandemic weighs on brick-and-mortar sales and accelerates a shift to digital.
By Ben Unglesbee • Jan. 26, 2021 -
Court OKs Christopher & Banks' Ch. 11 sale of e-commerce unit
The bankrupt apparel seller is unloading its online business to an affiliate of Hilco after moving to close its stores.
By Ben Unglesbee • Updated March 1, 2021 -
Walmart positions itself as key COVID-19 vaccine provider for rural America
The retailer said it will be able to deliver as many as 13 million doses per month when supplies allow.
By Sam Silverstein • Jan. 26, 2021 -
Belk to file for bankruptcy after 130 years
Private equity firm Sycamore Partners will retain its majority stake as part of a restructuring deal expected to be complete by the end of February.
By Daphne Howland • Updated Jan. 27, 2021 -
Cole Haan walks back IPO plans
The footwear brand faces an uncertain future as consumers shun traditional work and formal styles in favor of casual fashion.
By Daphne Howland • Jan. 25, 2021 -
Retrieved from Ipsy on January 25, 2021
Ipsy launches personal care brand Refreshments
The brand includes products like body cream and razor kits at a time when the makeup category has suffered due to a shift in consumer focus.
By Caroline Jansen • Jan. 25, 2021 -
42% of retailers expect to restructure as industry revenue declines persist, BDO says
While struggles and distress abound, many companies are investing in e-commerce and other channels as the pandemic reshapes retail.
By Ben Unglesbee • Jan. 25, 2021 -
Away CEO exits barely a year in
Stuart Haselden, who arrived at the brand from Lululemon in January last year, is leaving just four months after he became sole CEO.
By Cara Salpini • Jan. 25, 2021 -
Deep Dive
After the extremes of 2020, retail resilience means a new sense of what's possible
A pandemic exposed the industry's vulnerabilities and latent survival skills. To weather the next disaster, companies must be agile and take risk seriously.
By Ben Unglesbee • Jan. 25, 2021 -
Athleta extends sizing across its collection
Gap Inc. is leaning on its activewear brand and its discount Old Navy banner for growth as its namesake continues to falter.
By Daphne Howland • Jan. 22, 2021 -
In quest for profit, American Eagle plans as many as 225 store closures
The teen apparel brand will shutter 52 locations this year as its Aerie lingerie label opens just as many.
By Daphne Howland • Jan. 22, 2021 -
Talbots downgraded by S&P as pandemic weighs on sales, cash flow
With an older core customer, the private equity-owned apparel seller has been disproportionately affected by COVID-19's spread, analysts said.
By Ben Unglesbee • Jan. 22, 2021 -
Apparel resale app Curtsy raises $11M in Series A funding
The platform aims to attract casual sellers by streamlining processes, including price recommendations, image improvements and product detail autofilling.
By Tatiana Walk-Morris • Jan. 22, 2021 -
MyTheresa IPO brings in $407M
After years of bitterly fighting over it, the growing online luxury retailer previously owned by Neiman Marcus is trying to start a new chapter.
By Ben Unglesbee • Jan. 21, 2021 -
Retailers welcome swift action from Biden White House to combat COVID-19
Store workers have been left to enforce mask-wearing and social distancing, and deal with sometimes combative customers.
By Daphne Howland • Jan. 21, 2021 -
Fashion apparel makes a comeback, focus on digital deepens, and other 2021 predictions
The pandemic, and recovery from it, will likely define the year as consumers look to refresh their wardrobes and retailers hold on to new practices that worked, analysts say.
By Ben Unglesbee • Jan. 20, 2021