Corporate News
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As 3rd-party sellers take over, Amazon's own market share loses 10 points
Jeff Bezos' recent disclosure of Marketplace's scale caused eMarketer to revise sales estimates, but the e-commerce giant still has much to gain.
By Daphne Howland • June 14, 2019 -
Lord & Taylor chief is out
President Vanessa LeFebvre announced her departure as executives at owner Hudson's Bay Co. said four more of its locations will shutter.
By Daphne Howland • June 14, 2019 -
How distressed retailers stacked up in Q1 2019
We pulled key data from struggling industry players as they try to compete in retail's "survival of the fittest."
By Ben Unglesbee • June 14, 2019 -
Walmart updates supplier pricing tool to manage tariff costs
The move shows how certain the company's executives are of the need for price hikes, as the system designed to enable them is already in place.
By Morgan Forde • June 13, 2019 -
Francesca's to shutter 'at least' 30 stores this year
The apparel retailer says it also closed eight in the first quarter, but it still runs 722, mostly in malls.
By Daphne Howland • June 13, 2019 -
Kohl's shuts down its off-price experiment
The retailer announced its Off/Aisle concept just a couple weeks after Macy's unveiled Backstage — but the two ventures have followed different paths.
By Ben Unglesbee • June 13, 2019 -
Lululemon stretches again in Q1 as sales rise 20%
The athleisure company is expanding its men's sales, loyalty program, omnichannel operations and its outlook.
By Daphne Howland • June 13, 2019 -
Walmart nixes Jet's lead exec role
As the retail giant shifts its online focus to Walmart.com, it plans to transition leadership of the Jet brand under another e-commerce executive.
By Ben Unglesbee • June 13, 2019 -
Another Destination Maternity CEO out amid sales plunge
The latest leapfrog comes with another report of sales and profit troubles at the apparel retailer.
By Daphne Howland • June 13, 2019 -
Target expands family leave, backup care for hourly workers
Retailers depend heavily on hourly and part-time workers, who may find it difficult to take unpaid time for caregiving responsibilities.
By Valerie Bolden-Barrett • June 13, 2019 -
OpinionBringing stores into the 21st century
The old prototype store model is obsolete and fails to accommodate the new reality of retail, ruled by personalized experiences, local flavor and nuance, writes WD Partners' Elaine Kleinschmidt.
By Elaine Kleinschmidt • June 13, 2019 -
Ralph Lauren commits to sweeping sourcing changes
Based on new goals on sustainable materials, the fashion brand is likely going to have a very different supplier base in 2025 than it does today.
By Emma Cosgrove • June 13, 2019 -
Lawsuit alleges Ascena misled public about 'complete disaster' at Ann Taylor, Loft
A shareholder took aim at the apparel retailer for talking up its acquisition of the brands ahead of a $1 billion write-down on their value.
By Ben Unglesbee • June 12, 2019 -
Rihanna's Fenty to pop up at The Webster in SoHo
The superstar's inclusive approach is a fresh luxury take and one that has pushed rivals to innovate.
By Daphne Howland • June 12, 2019 -
Farfetch launches on JD.com
The two marketplaces forged a strategic partnership in 2017 that they've built up the last two years to compete against Alibaba in the luxury market.
By Daphne Howland • June 12, 2019 -
Deep DiveWill the once marvelous department store ever come back?
Many of the innovations fueling retail's most successful startups were standard amenities at department stores nearly a century ago.
By Daphne Howland • June 12, 2019 -
Loss deepens at Neiman Marcus amid fashion missteps
The company is less dependent on tourists, but failed to meet the expectations of its upscale customers, CEO Geoffroy van Raemdonck told analysts.
By Daphne Howland • June 11, 2019 -
Chico's comp sales slide in Q1
The apparel conglomerate's massive fleet optimization isn't helping that metric, but its new CEO promises stronger sales and a successful turnaround.
By Daphne Howland • June 11, 2019 -
Ascena net loss widens to $238M
The apparel group has new leadership, a shrunken portfolio and a cost-cutting plan, but analysts say it must focus on inventory-bloating product missteps.
By Daphne Howland • June 11, 2019 -
HBC chairman leads take-private bid
Hudson's Bay Co. on Monday said a committee is already considering an all-cash offer from Richard Baker, three private equity firms and WeWork's real estate arm.
By Daphne Howland • June 10, 2019 -
PVH taps new Calvin Klein CEO
Cheryl Abel-Hodges is moving up at the brand as new company president Stefan Larsson, who arrived last month, makes his mark.
By Daphne Howland • June 10, 2019 -
99 Cents Only cuts 2nd debt deal in as many years
Lenders agreed to take equity in the dollar retailer in lieu of payment, prompting S&P to downgrade the discount retailer's credit rating from CCC+ to CC.
By Ben Unglesbee • June 10, 2019 -
Gap commits to 100% sustainable cotton sourcing
The apparel brand also considers the entire life cycle of a garment in its sustainability accounting, as many textiles end up in the landfill.
By Emma Cosgrove • June 10, 2019 -
Deep DiveRetailing at the end of the world: How large chains liquidate
This year, several decades-old retailers shut down in bankruptcy as lenders and owners lost faith. These are boom times for companies that specialize in retail wind downs.
By Ben Unglesbee • June 10, 2019 -
FedEx Express to cut ties with Amazon
The air services contract will end on the heels of recent moves by the e-commerce giant to build out its own logistics network.
By Shefali Kapadia • June 07, 2019
