Corporate News
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Ebay slashing 274 jobs amid rising costs
The online marketplace is facing currency headwinds and tighter margins as it spends more to compete with Amazon.
By Daphne Howland • July 20, 2018
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Vans doing the heavy lifting at VF Corp
The brand conglomerate seems to be finished right-sizing its brand stable, but Vans, with 35% growth, is the company's "only true strength," one analyst said.
By Daphne Howland • July 20, 2018
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Apparel retailers rank trade policy, tariffs as top business challenge
As a trade war brews with China, the fashion industry is looking for alternate sourcing destinations, resulting in major supply chain shifts.
By Shefali Kapadia • July 19, 2018
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Target delivers same-day shipping to NYC metro area
By the start of the holiday season, the mass merchant plans to make available same-day delivery via Shipt to most stores nationwide.
By Corinne Ruff • July 19, 2018
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Toys R Us strikes deal with vendors to settle bankruptcy claims
After supporting the toy retailer in bankruptcy, many vendors were left with millions in unpaid orders as Toys R Us moved to liquidate.
By Ben Unglesbee • July 19, 2018
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Prime Day boosts sales by 54% for large retailers
Amazon raked in more than $4 billion by some estimates and helped others log huge sales — but smaller players were left behind.
By Daphne Howland • July 19, 2018
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Deep Dive
5 takeaways from Prime Day 2018
The fourth annual summer holiday indicates private label and devices will be central to Amazon's Black Friday strategy.
By Corinne Ruff • July 18, 2018
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Pirch names former Home Depot exec new CEO
The innovative appliance retailer retreated from its expansion earlier this year after its high-touch, experiential stores failed to attract sales outside of its California home base.
By Daphne Howland • July 18, 2018
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Adidas 'ascendancy' in question as Nike steps up its game
Wells Fargo analysts downgraded the athletic brand's stock as sales in Europe have declined and it faces surging competition, including in North America.
By Daphne Howland • July 18, 2018
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Petco debuts brick-and-mortar pet wellness concept
The company acquired the PetCoach startup last year and is now bringing the formerly digital-only business to physical stores amid growing competition.
By Daphne Howland • July 18, 2018
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Kroger's in-store app aims to simplify healthy food shopping
OptUP lets customers score their groceries based on healthiness, scan and search for product alternatives and connect to digital carts for curbside pickup or delivery.
By Robert Williams • July 17, 2018
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Amazon breaks Prime Day records despite site crashes
The e-commerce giant's major summer sale, aside from being a lucrative sales day for the company, gives it a chance to wrestle with system weaknesses ahead of the big dance: the holidays.
By Daphne Howland • July 17, 2018
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Casper turns to Nordstrom in latest pop-up effort
The mattress startup is working with Target and now the department store to expand its reach as it looks to corner the market on sleep.
By Daphne Howland • July 17, 2018
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Nine West reportedly looking to sell its remaining business
Encouraged by the better-than-expected price tag at auction for its namesake and Bandolino brands, the company is working with Lazard to possibly unload its remaining fashion brands, sources told Reuters.
By Ben Unglesbee • July 17, 2018
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Gymboree tries for reboot as back-to-school season starts
This time last year found the children's retailer in Chapter 11, driven there by an unsustainable debt load and falling sales.
By Ben Unglesbee • July 16, 2018
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Nike, Vogue collaborate on limited-edition sneaker line
The first-ever Jordan collaboration for women are stamped with the magazine editor's signature AWOK, which stands for "Anna Wintour Okay."
By Erica Sweeney • July 16, 2018
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Five Below to open NYC flagship on 5th Avenue
This store will be larger than the discount chain's usual locations, and it's part of the CEO's ambitions to end up with 2,500 locations nationwide.
By Daphne Howland • July 16, 2018
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June retail sales rise 0.3%, as e-commerce gained 1.3%
But second quarter comp sales are set to disappoint, some analysts say, as apparel and department stores continue to struggle.
By Daphne Howland • July 16, 2018
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Amazon poised to grab half of online sales in the US
As its more lucrative marketplace continues to dominate, Amazon also faces a backlash as some sellers fail to live up to customer service standards.
By Daphne Howland • July 16, 2018
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Victoria's Secret extends summer sale — but still gets no lift
The lingerie brand is "broken," according to Jeffries analyst Randal Konik, and that spells serious trouble for owner L Brands.
By Daphne Howland • July 13, 2018
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Walmart mulls credit card switch
The retailer's credit business is unlikely to carry the level of perks found at other retailers, and a switch could be tricky, as Costco found out two years ago.
By Daphne Howland • July 13, 2018
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New Nike concept store goes Live in LA
Experiential doesn't mean the same for every brand, concept or customer. That's a lesson the retailer is taking to heart as it iterates on the future of direct-to-consumer stores.
By Corinne Ruff • July 12, 2018
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CommerceHub taps former J.C. Penney exec as COO
The supply chain network is looking to expand its relationships with retailers and add new products and capabilities.
By Ben Unglesbee • July 12, 2018
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Walmart says no plans to sell Seiyu supermarket chain
The retail giant has squashed rumors earlier this week that it approached major retailers and private equity funds about selling its Japanese unit.
By Corinne Ruff • UPDATED: July 13, 2018 at 9:19 a.m.
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Sears slashes another 200 corporate jobs
The department store retailer has cut about 420 jobs so far this year as it attempts to reduce costs, but Sears acknowledges job cuts could hurt its business.
By Ben Unglesbee • July 12, 2018