Corporate News

Mickey Drexler steps down as chairman of J. Crew

Chad Leat will succeed Drexler as the retailer's chairman, effective immediately. 

By Kaarin Vembar • Jan. 19, 2019

Sears creditors lob objection at Lampert bid

The committee of unsecured creditors hopes to land more funds by calling for a hearing to air grievances over years of alleged financial misconduct by Lampert and ESL.

By Corinne Ruff • UPDATED: Jan. 18, 2019 at 1:32 p.m.

Nordstrom's latest partnership is with period undies brand Thinx

It's becoming clearer than ever that, to make it in retail, direct-to-consumer businesses need brick and mortar.

By Daphne Howland • Jan. 18, 2019

Walmart ramps up grocery delivery with 4 new service providers

The companies, including Roadie and Skip Pickup, will initially cover four states as the retailer works toward its goal of reaching 1,600 delivery stores this year.

By Kristine Sherred • Jan. 18, 2019

VF has 'powerful' Q3 on strength of Vans, The North Face

The conglomerate has worked to adjust its portfolio to chase growth, and so far that seems to be working.

By Daphne Howland • Jan. 18, 2019

Signet hit with $11M penalty for deceptive credit practices

The company, which runs mall-based jewelry brands like Kay and Jared, admits no wrongdoing.

By Daphne Howland • Jan. 18, 2019

Gymboree files bankruptcy for 2nd time in 2 years

The children's retailer plans to shutter its Gymboree and Crazy 8 stores, but executives have faith in Janie and Jack, and hope to sell it in Chapter 11.

By Cara Salpini • Jan. 17, 2019

Federal regulators object to Nine West bankruptcy plan

Court docs filed by the SEC and the U.S. Trustee for the New York Region both say the plan improperly protects consultants and others against liability.

By Daphne Howland • Jan. 17, 2019

Target private label baby brand expands into essentials

The mass merchant is taking steps to freshen up some of its brands in a cohort of private labels that have rolled out over the last 18 months.

By Corinne Ruff • Jan. 17, 2019

Brandless launches subscription option

The service is both a convenience play for consumers and a savvy business move aimed at capturing reorders.

By Corinne Ruff • Jan. 17, 2019

2018 was a great year for retail, 2019 is another story

Consumers are likely to be less free spending this year, but they're holding onto their high expectations of retailers, according to a Deloitte report.

By Daphne Howland • Jan. 17, 2019

Shopko files Chapter 11

The Wisconsin-based retailer will also be closing an additional 38 stores and relocating 20 Optical centers to freestanding locations. 

By Kaarin Vembar • Jan. 16, 2019

Walmart exits CVS pharmacy benefit network over pricing dispute

CVS wants Walmart to fill prescriptions as an in-network pharmacy through April 30, but the retail giant could leave the network as early as February.

By Rebecca Pifer • Jan. 16, 2019

Lampert wins back Sears with bid topping $5B

After significant back and forth, the Sears Chairman has prevailed in an auction for the department store chain. The bid, however, still needs approval in court.

By Corinne Ruff • Jan. 16, 2019

L'Occitane buys British skincare brand Elemis for $900M

The brand boasts cross-generational appeal and aims to grow its sales opportunities through its tie-up with the French retailer.

By Daphne Howland • Jan. 16, 2019

Walmart and VC firms see two paths for DTC brands

Brands either need to be a consumer phenomenon like Warby Parker, or they need to fit into a larger portfolio, like the one that Walmart is building.

By Corinne Ruff • Jan. 16, 2019

Patagonia doubles down on sustainability

At NRF's Big Show, CEO Rose Marcario discussed efforts to make the supply chain carbon neutral by 2025, and why taking a stand doesn't hurt business.

By Cara Salpini • Jan. 16, 2019

Payless reportedly hires advisory firm to mull restructuring options

That could include a bankruptcy, Reuters reports, which would be the retailer's second Chapter 11 filing in less than two years.

By Daphne Howland • Jan. 16, 2019

Will a China slowdown hurt retailers?

Despite the bouncing rhetoric around a U.S.-China trade war and signs of a slowing Chinese economy, retailers staking sales growth there may be OK — if they have the goods.

By Daphne Howland • Jan. 16, 2019

Pier 1 faces NYSE delisting

The latest bad news for the struggling furniture and home goods retailer comes amid its search for a new chief executive.

By Daphne Howland • Jan. 15, 2019

S&P downgrades Charlotte Russe amid 'ongoing weakness'

The negative outlook reflects an increasing likelihood that the apparel retailer could "restructure its debt in some form in the next six months," S&P said.

By Daphne Howland • Jan. 15, 2019

J.C. Penney CEO assembles a team as Fitch downgrades

Amid sales struggles and without massive real estate holdings to sell, it's unclear if the discount department store can survive.

By Daphne Howland • Jan. 15, 2019

Retailers wary of the shutdown, tariffs and a looming recession

There's a greater than 50% chance that a recession hits the U.S. this year, economists said during sessions at the NRF Big Show Monday.

By Corinne Ruff • Jan. 15, 2019