Corporate News

Nike's new CEO shuffles C-suite

The athletic brand gets a new COO, CFO, and president of consumer and marketplace to replace two top executives who will retire.
By Cara Salpini • Feb. 19, 2020
Bed Bath & Beyond lays out $1B turnaround plan

Last week the retailer said holiday comp sales were down 5.4% due in part to foot traffic declines. Now the retailer plans to invest up to $400 million in stores.
By Caroline Jansen • Feb. 19, 2020
Mattel to reduce SKUs 30% by the end of the year

Simplifying its supply chain, which included factory closures and predictive algorithms for forecasting, resulted in $797 million in 2019 cost savings.
By Emma Cosgrove • Feb. 19, 2020
Macy's downgraded as 'Polaris' strategy begins

Ratings cuts from S&P Global pushed the retailer's debt out of investment grade territory, even as analysts signaled patience with its turnaround.
By Daphne Howland • Feb. 19, 2020
M.M.LaFleur pulls back on plus-size apparel

Plus sizes make up less than 5% of the company's revenue. "We have struggled to find the reach that we had hoped for," said CEO Sarah LaFleur.
By Kaarin Vembar • Feb. 19, 2020
Pier 1 files for Chapter 11

The home goods retailer has already begun looking for buyers to sell itself in bankruptcy.
By Caroline Jansen • Feb. 18, 2020
Walmart posts 'tepid' Q4 as toys, apparel sales fall short

The retailer missed expectations for sales during the quarter, but executives and analysts still see a strong underlying business.
By Ben Unglesbee • Feb. 18, 2020
Two months into 2020, 6 retailers have named or laid off a CMO

Shuffling in the role comes after a record year of CEO departures, and includes the likes of Gap, Lululemon and Tailored Brands.
By Cara Salpini • Feb. 18, 2020
Bed Bath & Beyond sells keepsakes site to 1-800-Flowers for $252M

The struggling retailer bought PersonalizationMall.com in 2016 for $190 million. Analysts hailed the sale, and called for even more.
By Daphne Howland • Feb. 18, 2020
The Body Shop to begin 'open hiring,' skipping background checks

Under the model, job openings will be filled on a first-come, first-served basis by any applicant who meets basic requirements.
By Ryan Golden • Feb. 18, 2020
Former Ascena exec named CEO of Francesca's

Andrew Clarke spent two years at the apparel conglomerate, most recently at Loft, and takes the reins at the retail chain after a tough year.
By Daphne Howland • Feb. 14, 2020
Wayfair lays off 550 employees

The job cuts, which impact about 3% of its global workforce, come as the online home goods retailer struggles to become profitable.
By Caroline Jansen • Feb. 14, 2020
Rent the Runway taps former Amazon exec as chief supply chain officer

Brian Donato previously worked at the e-commerce giant in operational roles related to returns and fulfillment.
By Shefali Kapadia • Feb. 14, 2020
Walmart to end Jet Black service

The retail giant is pulling back on its high-end shopping service in New York and folding the technology into its broader business.
By Ben Unglesbee • Feb. 13, 2020
Another bleak quarter ahead for Bed Bath & Beyond

Store traffic declines caused the struggling retailer's comparable sales to fall more than 5% in December and January.
By Caroline Jansen • Feb. 13, 2020
Kohl's cuts 250 jobs amid restructuring

The retailer appeared to be operating above the fray in the department store segment, but ended the year with sales and profits dipping.
By Daphne Howland • Feb. 13, 2020
Rue21 adds plus-size apparel to more store locations

The teen apparel retailer is building out its extended sizes while others in the segment either disappear or face an uncertain future.
By Kaarin Vembar • Feb. 13, 2020
Modell's works with vendors, landlords to avoid bankruptcy

Mitchell Modell told Retail Dive the retailer has hired restructuring advisers and is turning to vendors and landlords to see it through a rough patch.
By Daphne Howland • Feb. 12, 2020
Forever 21's $81M sale wins court approval

Simon Property, Brookfield and Authentic Brands are set to take over the ailing retailer, despite objections from suppliers who say they are owed millions.
By Ben Unglesbee • Feb. 12, 2020
Inter Ikea Group names new CEO

As the Swedish furniture retailer undergoes a period of transformation, it once again looked to its bench to fill a key executive role.
By Caroline Jansen • Feb. 12, 2020
87% of US businesses in China expect coronavirus to impact revenue

Companies ranging from Apple suppliers to Nissan have announced plans to temporarily pause production as a result of the virus outbreak.
By Matt Leonard • Feb. 11, 2020
Under Armour weighs dropping NY flagship to focus on financials

Opening a store on Fifth Avenue may no longer be practical as the company tries to balance costs and investments.
By Cara Salpini • Feb. 11, 2020
Amazon upgraded even as it ploughs money into shipping

The company's financial position remains strong thanks in large part to AWS, according to Moody's.
By Ben Unglesbee • Feb. 11, 2020
Nordstrom Rack vet to lead Saks Off 5th

Last year, parent company HBC had plans to close as many as 20 off-price stores in the U.S., but on Monday CEO Helena Foulkes hinted at expansion.
By Daphne Howland • Feb. 11, 2020
Macy's adds perks to loyalty program

The rewards program expansion comes as the retailer rethinks its physical store and digital strategies.
By Tatiana Walk-Morris • Feb. 11, 2020