Corporate News
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Target 'crushed it' in Q3 as it beat estimates
Numbers across the board were strong, but perhaps the most impressive was a 10% increase in apparel, where the retailer is grabbing market share.
By Ben Unglesbee • Nov. 20, 2019 -
Lowe's hit with $53M charge
The charge resulted from a strategic review of its Canadian operations, which includes shuttering 34 underperforming stores in the region.
By Caroline Jansen • Nov. 20, 2019 -
Stella & Dot partners with Nordstrom
The move marks the first time the direct-to-consumer business will sell its goods at brick-and-mortar locations.
By Kaarin Vembar • Nov. 20, 2019 -
7 major store closure announcements from 2019 and why they matter
After a lull in 2018, retail shutterings accelerated this year. Bankruptcy liquidations were a major factor, but so were relatively healthy retailers paring their footprints.
By Ben Unglesbee • Nov. 20, 2019 -
How Lululemon's Mall of America megastore puts experiential retail on display
Roughly 10% of the brand's stores in the future could mirror the 19,000-square-foot store, which boasts events, workout studios and a smoothie bar.
By Cara Salpini • Nov. 20, 2019 -
TJX sales soar ahead of the holidays
The off-pricer appears to be doing a better job selling department store inventory than the department stores themselves.
By Daphne Howland • Nov. 19, 2019 -
Home Depot lowers fiscal guidance, again
The home improvement retailer also missed comp sales estimates for the fourth consecutive quarter.
By Caroline Jansen • Nov. 19, 2019 -
Kohl's lowers guidance amid tepid same-store sales
The retailer may be unable to take full advantage of its traffic-boosting Amazon tie-up because its stores are underwhelming, some analysts say.
By Daphne Howland • Nov. 19, 2019 -
Patagonia opens first Worn Wear store
The outdoor retailer's resale business has opened a pop-up in Colorado, which will exclusively sell used items and products from its new ReCrafted collection.
By Cara Salpini • Nov. 18, 2019 -
Coty acquires majority stake in Kylie Jenner's beauty business for $600M
The acquisition, which includes Kylie Jenner's Kylie Cosmetics and Kylie Skin, is expected to close in the third quarter of fiscal 2020.
By Cara Salpini • Nov. 18, 2019 -
Deep Dive3 retail turnaround success stories, and 3 turnarounds to watch
History offers good and bad news for ailing retailers: Reversing negative sales and profit trends is possible, but mostly for the strongest players in the game.
By Ben Unglesbee • Nov. 18, 2019 -
Nordstrom revamps merchandising team
After naming its first chief merchant in August, the department store is expanding a strategy first tested in Los Angeles.
By Daphne Howland • Nov. 18, 2019 -
Walmart names new Sam's Club CEO
The retailer tapped its bench of executives to fill the role, promoting Kathryn McLay from its Neighborhood Markets unit to replace John Furner.
By Ben Unglesbee • Nov. 15, 2019 -
J. C. Penney narrows loss, but comp sales drop 6.6%
The department store chain has a turnaround plan, and a "not-a-protoype" test store in Texas, but it lacks financial flexibility and time as sales tank.
By Ben Unglesbee • Nov. 15, 2019 -
Amazon brand worth more than a third of a trillion dollars
The e-commerce giant moved to the top spot from No. 3 last year, leapfrogging Apple and Google in WPP and Kantar's annual ranking of the top 100 brands.
By Daphne Howland • Nov. 15, 2019 -
Dillard's beats expectations despite steep declines
The Southern department store is among the few traditional retailers expanding its stores.
By Daphne Howland • Nov. 14, 2019 -
Walmart posts 41% online sales growth but hunts for margins
The retail giant posted another quarter of sales gains, but even its CEO noted "we need to do more and move faster" to profitably build out its digital store.
By Ben Unglesbee • Nov. 14, 2019 -
ColumnSKU'd: The world doesn't need Ann Taylor
As offices get more casual, do sophisticated apparel basics even fit anymore?
By Kaarin Vembar • Nov. 14, 2019 -
As Gen Z turns away from makeup, beauty braces for an ugly holiday season
Ulta Beauty and Estée Lauder faced recent stock downgrades from Piper Jaffray. Analysts expect the category to be more promotional this year.
By Cara Salpini • Nov. 13, 2019 -
Study: Injured retail workers are out an average 24 days
The most expensive injuries for retail workers involve falls or slips from ladders or scaffolding, resulting in an average payout of $21,000.
By Valerie Bolden-Barrett • Nov. 13, 2019 -
Nike to stop selling on Amazon
A company spokesperson said the brand was focused on "elevating consumer experiences through more direct, personal relationships."
By Cara Salpini • Nov. 13, 2019 -
Shoptalk invites only women to speak at its 2020 event
The group's founder said that women remain underrepresented in business and that "extreme problems require extreme solutions."
By Daphne Howland • Nov. 13, 2019 -
Overstock sales down 21% as it pulls back on marketing
The troubled e-tailer also disclosed that it has been subpoenaed by the Securities and Exchange Commission.
By Ben Unglesbee • Nov. 12, 2019 -
Alibaba smashes Singles Day record with $38.4B in sales
The shopping festival made more in 24 hours than Amazon's entire online store sales in the third quarter.
By Tatiana Walk-Morris • Nov. 12, 2019 -
Neiman Marcus cuts HQ jobs to focus on growth
The privately held retailer, which also runs Bergdorf Goodman, has work to do addressing both operational and merchandising challenges.
By Daphne Howland • Nov. 12, 2019
