Corporate News

Walmart plans online sale that parallels Prime Day

The retailer joins Target in competing with Amazon's big sale event as all three giants adapt to a longer and earlier holiday season. 

By Ben Unglesbee • Sept. 30, 2020

War of words escalates as LVMH countersues Tiffany to nix their deal

The Parisian fashion house is scrambling for excuses to exit their deal or, perhaps, lower the price, but the iconic jeweler may be on solid ground.

By Daphne Howland • Sept. 30, 2020

Tommy Hilfiger, Calvin Klein owner PVH taps Stefan Larsson as CEO

He succeeds Manny Chirico, who has been chief executive for 14 years, and takes the helm at a time of upheaval in apparel retail.

By Daphne Howland • Sept. 30, 2020

Is Costco's winning streak at risk without curbside pickup?

Retailers leaned on the fulfillment service when the pandemic hit. Eight experts discuss the future implications for the club retailer.

By Caroline Jansen • Sept. 30, 2020

Retail on pace for the most bankruptcies and store closures ever in one year, BDO says

The pandemic has interfered with the usual business cycle and accelerated existing trends, according to the firm's biannual bankruptcy report.

By Daphne Howland • Sept. 29, 2020

Poshmark plans IPO

With secondhand shopping predicted to grow, the platform joins others vying for a share of the resale market.

By Tatiana Walk-Morris • Sept. 29, 2020

Charming Charlie brand opens its first store after liquidating in 2019

The color-coded retailer already has a second physical store slated to open later this week and says it plans to open as many as 25 a year. 

By Ben Unglesbee • Sept. 29, 2020

The 5 worst-timed retail decisions of 2020

For many companies COVID-19 was the culprit, for others it was a series of unfortunate decisions. But, this year has hit the industry hard.

By Kaarin Vembar • Sept. 29, 2020

Target is throwing its own sale party on Amazon's Prime Day

The retailer is hosting its own digital event to launch the holiday shopping period while it plans to extend Black Friday discounts through November.

By Ben Unglesbee • Sept. 29, 2020

Allbirds raises $100M despite pandemic

The buzzy DTC shoe brand plans to use the capital to fuel further brick-and-mortar and international expansion, as well as to push into new categories.

By Cara Salpini • Sept. 28, 2020

Amazon sets October Prime Day dates after months-long delay

A sales event that usually takes place in July could now be a force in a wildly different and uncertain holiday period. 

By Ben Unglesbee • Sept. 28, 2020

Sycamore Partners reportedly bids on Ann Taylor and other Ascena assets

The private equity firm could add the bankrupt conglomerate's most valuable remaining brands to its retail portfolio, according to a Bloomberg report.

By Daphne Howland • Sept. 28, 2020

Costco sales jump on strong fresh food demand

The retailer regained its footing as consumers grew more comfortable with in-store shopping after it struggled with reduced store traffic earlier in the year. 

By Sam Silverstein • Sept. 25, 2020

Patagonia names Ryan Gellert CEO, replacing Rose Marcario

Marcario stepped down in June of this year, to the surprise of many, but the company has the same mission under Gellert: saving the "home planet."

By Cara Salpini • Sept. 25, 2020

Target to double holiday staffing for same-day services

The retailer said that 10 million new customers shopped its website and demand for its same-day fulfillment options quadrupled in the first half of 2020.

By Ben Unglesbee • Sept. 25, 2020

Ulta postpones entry into Canada

Citing the current operating environment, the beauty retailer said its global expansion is suspended while it shifts to focus on U.S. growth.

By Cara Salpini • Sept. 24, 2020

Neiman Marcus Group plans store layoffs in pivot to e-commerce

The changes are "substantial," according to WWD, which first reported the news. And they represent further erosion of the department store sector.

By Daphne Howland • Sept. 24, 2020

Column

SKU'd: LVMH & Tiffany's infinite breakup playlist

What started out as a beautiful romance ended up in court in Delaware. Here's the soundtrack to the dissolution of a corporate relationship. 

By Kaarin Vembar • Sept. 24, 2020

Podcast

The Backroom: Walmart+ vs. Amazon Prime

Why did the retail giant launch a membership service, and can it compete with Prime? Senior Reporters Daphne Howland and Ben Unglesbee break it down.

By Caroline Jansen • Sept. 24, 2020

Bed Bath & Beyond names former Michaels exec CTO

The appointment follows the company's decision to lay off 5% of its workforce as it continues to streamline operations. 

By Tatiana Walk-Morris • Sept. 24, 2020

Retailers get out the vote

Elections are an opportunity for businesses to embrace bipartisan action, overt activism and selling merch.

By Daphne Howland • Sept. 23, 2020

Party City to open 91% fewer Halloween pop-ups this year

The retailer is coming off a disastrous 2019 holiday performance and headed into a season disrupted by the pandemic. 

By Ben Unglesbee • Sept. 23, 2020

Nike bounces back with $10.6B revenue in Q1

The revenue win comes as the athletics retailer continues to accelerate its digital strategy and prioritize owned channels over wholesale.

By Cara Salpini • Sept. 23, 2020

Walmart to offer sellers credit lines through Goldman Sachs

Amazon partnered with the financial company this summer on a similar initiative with higher credit limits.

By Tatiana Walk-Morris • Sept. 23, 2020

Is Walmart finally in fashion?

The retail giant has refined its stable of brands through partnership, acquisition, expansion, revitalization and divestment. 

By Daphne Howland • Sept. 23, 2020