Corporate News
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Destination Maternity considers possible sale after dismal Q2
The struggling retailer said it was mulling strategic alternatives, both a possible merger and stand-alone options, as top-line, comparable and e-commerce sales fell.
By Ben Unglesbee • Sept. 17, 2019 -
Walmart reimagines once-defunct Scoop as private label fashion line
The boutique retailer, which closed its last stores more than three years ago, has a new life as an owned value brand for the retail giant.
By Ben Unglesbee • Sept. 17, 2019 -
Bluemercury founders to depart Macy's
Barry and Marla Beck are leaving the beauty operation that has been a boon to the department store since its acquisition four years ago.
By Daphne Howland • Sept. 17, 2019 -
Amazon announces Chicago tech hub expansion, 400 new hires
The company has created more than 11,000 full-time jobs and invested more than $4.4 billion in Illinois since 2010, it said.
By Tatiana Walk-Morris • Sept. 17, 2019 -
Charming Charlie IP sold for $1.1M in bankruptcy
The asset sale to a company owned by the retailer's founder comes after the liquidation of brick-and-mortar operations in Chapter 11.
By Ben Unglesbee • Sept. 16, 2019 -
J. Crew losses mount ahead of Madewell IPO plans
The company said on Friday that proceeds from going public will go to pay down its growing debt.
By Daphne Howland • Sept. 16, 2019 -
Retail sales gains moderate in August
News of surging oil prices Monday isn't likely to calm increasingly edgy U.S. consumers.
By Daphne Howland • Sept. 16, 2019 -
Target looks to Good & Gather to define its grocery business
The private label line will be the company's biggest own brand ever, Stephanie Lundquist, executive vice president of food and beverage, said at Groceryshop.
By Jessica Dumont • Sept. 16, 2019 -
Can J.C. Penney's Jill Soltau pull off the ultimate retail Hail Mary?
The retailer's CEO is tasked with turning the company around, but recent setbacks show just how difficult that's going to be.
By Ben Unglesbee • Sept. 16, 2019 -
Madewell files for IPO
J. Crew Group Inc. said it plans to spin off the denim brand, according to an SEC document filed Friday afternoon.
By Kaarin Vembar • Sept. 13, 2019 -
More than 7K stores have closed in 2019
The closures, tracked by consulting firm BDO, already surpass any previous full-year total.
By Ben Unglesbee • Sept. 13, 2019 -
Gap Inc. taps global franchises to expand Athleta, Janie & Jack
The retailer is wasting little time in jump-starting growth as it prepares to let go of its best-performing Old Navy brand.
By Daphne Howland • Sept. 13, 2019 -
Madewell releases Dickies collection for women, expands men's for fall
Owner J. Crew has been furiously working to grow the brand, opening stores as it closes namesake locations and shrinks its own operations.
By Daphne Howland • Sept. 13, 2019 -
Spinoff means expansion for Old Navy as Gap Inc. goes lean
"These are two very different business models," Gap Inc. CFO Teri List-Stoll told analysts Thursday morning.
By Daphne Howland • Sept. 12, 2019 -
Tailored Brands stock tumbles despite 'green shoots'
CEO Dinesh Lathi emphasized the company needs time for a turnaround that includes adjusting to weak demand for off-the-rack suits.
By Daphne Howland • Sept. 12, 2019 -
Loss widens at HBC as margins shrink
Highly promotional activity, particularly at Saks, hit hard and indicates some turmoil in luxury retail.
By Daphne Howland • Sept. 12, 2019 -
Bloomberg: FTC investigates Amazon's Marketplace practices
Antitrust officials are talking with third-party sellers on the e-commerce giant's platform, pointing to a possible wide-ranging probe.
By Ben Unglesbee • Sept. 11, 2019 -
H.H. Gregg returns to brick and mortar with NJ store
Owner Valor Group said that, while physical retail is essential, there won't be the kind of over-expansion that led to the retailer's bankruptcy two years ago.
By Daphne Howland • Sept. 11, 2019 -
At long last, evolution at Victoria's Secret?
As L Brands executives try to reinvigorate the brand, they also wouldn't rule out a spinoff of better-performing Bath & Body Works.
By Daphne Howland • Sept. 11, 2019 -
GameStop sales down 14% as it outlines turnaround plan
The retailer is on pace to close up to 200 stores this year, with more to come, as it looks to streamline its business and transform itself into a hub for gamers.
By Ben Unglesbee • Sept. 11, 2019 -
Things Remembered upgrades store experience with personalization bars, iPads
The retailer, which filed for bankruptcy earlier this year, is also in the midst of developing a new store prototype.
By Tatiana Walk-Morris • Sept. 11, 2019 -
J.C. Penney eyes outerwear with apparel line, concept shops
The struggling retailer is trying to get a slice of the category and likely hoping to avoid getting left behind, as it was with the women's activewear shift.
By Ben Unglesbee • Sept. 10, 2019 -
Millennials, Gen X are the most activist shoppers
Consumers pay attention to companies' environmental, ethical or charitable records, and not just during controversies, according to a study.
By Daphne Howland • Sept. 10, 2019 -
Francesca's shares rise on profit surge
The mall-based retailer is on its own after failing to find a buyer.
By Daphne Howland • Sept. 10, 2019 -
Target taking free loyalty program nationwide
The mass merchant said 2 million customers have signed up for Target Circle in pilot cities since 2018.
By Ben Unglesbee • Sept. 09, 2019
