Corporate News
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Bed Bath & Beyond to shutter 200 stores over the next 2 years
The permanent closures come as the home retailer reported first quarter net sales fell nearly 50% year over year to $1.3 billion.
By Caroline Jansen • July 09, 2020 -
Sur La Table files for bankruptcy with plan to sell itself
The kitchen specialist could close more than 40% of its stores in Chapter 11 as it looks to sell itself to another private equity company.
By Ben Unglesbee • July 09, 2020 -
Cara Salpini/Retail Dive
How COVID-19 boosted QVC, HSN and livestreaming
As the veteran telecommerce networks adapt to the challenges of the pandemic, other brands are catching up to the future of livestreaming.
By Tatiana Walk-Morris • July 09, 2020 -
Permission granted by Walgreens
Walgreens invests $1B to open hundreds of primary care clinics
The retail basic care market is still in its formative stages, but competition to quickly build market presence is stiff.
By Rebecca Pifer • July 09, 2020 -
Daphne Howland/Retail Dive
Levi's to cut 700 non-retail jobs as Q2 revenues plummet
The company says it's ready for changes brought on by the pandemic, including the casualization of fashion and new consumer behaviors.
By Daphne Howland • July 08, 2020 -
Courtesy of PR Newswire
Brooks Brothers files for bankruptcy, will close 51 stores
The 202-year-old retailer, once a destination for white-collar professionals, has suffered as office garb has become more casual.
By Daphne Howland • July 08, 2020 -
RTW Retailwinds leaves NYSE
Earlier this week, the retailer, which is likely bound for bankruptcy, went into forbearance on its main credit line, sharpening its financial challenges.
By Ben Unglesbee • July 08, 2020 -
Daphne Howland/Retail Dive
Bloomberg: Ascena preps bankruptcy plan that would close 1,200 stores
The apparel retail conglomerate repeatedly said it had no plans to seek creditor protection, but the challenges of the COVID-19 era are steep.
By Ben Unglesbee • July 08, 2020 -
Daphne Howland/Retail Dive
How to run a store in a pandemic
It's possible to safely operate brick-and-mortar retail, experts say. But with that comes great responsibility, and some consumers aren't making it easy.
By Daphne Howland • July 08, 2020 -
Cara Salpini/Retail Dive
Department stores miss out on Fourth of July consumer attention
Specialty retailers, while giving off-price retailers a run for their money, leaned on promotions to sway shoppers, according to Wedbush analysts.
By Daphne Howland • July 07, 2020 -
Away
Away co-founder Steph Korey will step down as co-CEO in 2020
A company spokesperson said this "was always the succession plan" and is not related to recent social media posts from the co-founder.
By Cara Salpini • July 07, 2020 -
"Arsenal Mall, Watertown MA" by John Phelan is licensed under CC BY 3.0 / Edited by Brian Tucker/Retail Dive
Retail's reopening
From supply issues to category-specific challenges, Retail Dive explores what it means to be operating in a new, and evolving, environment.
By Retail Dive Staff • July 07, 2020 -
RTW Retailwinds gets forbearance after loan default
The retailer, which owns New York & Co., has until the end of August to pay down its entire revolving loan balance.
By Ben Unglesbee • July 07, 2020 -
Cara Salpini/Retail Dive
Pier 1 enters agreement to sell off IP, other assets for $20M
The company, which in May announced the wind down of its business, is permitted to consider higher bids from its upcoming auction.
By Caroline Jansen • July 06, 2020 -
Apparel sellers Lucky Brand and G-Star Raw file for bankruptcy
Both brands cited the COVID-19 crisis in exacerbating their financial struggles.
By Ben Unglesbee • July 06, 2020 -
Belk furloughs end in unspecified number of layoffs, mostly at HQ
A spokesperson said the company's moves to cope with the pandemic have been "some of the most difficult decisions of its 130-year history."
By Daphne Howland • July 06, 2020 -
Permission granted by Daphne Howland
Nordstrom tells landlords to expect just half their rent until January 2021
The retailer also confirmed company-wide layoffs as part of an effort to reduce "non-occupancy related overhead expenses of approximately 20%."
By Daphne Howland • July 02, 2020 -
Cara Salpini for Retail Dive
From 'doing things' to doing things profitably: Outdoor Voices' plans for growth
New board Chairwoman Ashley Merrill doesn't want to change the brand's values, just its operations.
By Cara Salpini • July 02, 2020 -
Crate and Barrel names new CEO
Janet Hayes, who succeeds Neela Montgomery on Aug. 1, previously held roles at Williams Sonoma and Pottery Barn Kids and Teen.
By Caroline Jansen • UPDATED: July 8, 2020 at 9:55 a.m. -
Men's Wearhouse misses $6.1M interest payment on bonds
The retailer, owned by struggling Tailored Brands, faces default if it can't work out a deal with lenders or bring in additional liquidity.
By Ben Unglesbee • July 02, 2020 -
Daphne Howland/Retail Dive
Macy's Q1 loss approaches $4B
The eye-popping tumble is four times the department store's warning last month, as forced closures prompted a $3.2 billion impairment charge.
By Daphne Howland • July 01, 2020 -
David's Bridal names new chief technology officer
The appointment of Danny Luczak comes on top of a slew of tech features the retailer has rolled out in recent months.
By Tatiana Walk-Morris • July 01, 2020 -
Daphne Howland/Retail Dive
The not-so-grand reopening of retail
As COVID-19 cases spike in areas of the U.S., some stores are reclosing, while others struggle to enforce safety precautions.
By Daphne Howland • July 01, 2020 -
Cara Salpini for Retail Dive
Adidas HR chief out as employees seek more diversity
In a statement on her departure, Karen Parkin said that "to unify the organization it would be better for me to retire and pave the way for change."
By Cara Salpini • July 01, 2020 -
Stein Mart gets $10M in stimulus aid as it faces steep losses
The discount retailer is searching for capital, and a potential buyer, amid the COVID-19 crisis, which is forcing it to run down its credit line.
By Ben Unglesbee • July 01, 2020
