Corporate News
-
Chewy narrows loss after IPO debut
The pet e-tailer reported net sales rose 45% to $1.1 billion in its first earnings release as a public company.
By Caroline Jansen • July 19, 2019 -
WSJ: Amazon entices sellers to part with brands for as low as $10K
In exchange for increased visibility and other perks, businesses reportedly agree to be acquired at the e-commerce giant's discretion.
By Daphne Howland • July 19, 2019 -
J.C. Penney confirms hire of strategic advisers but says Ch. 11 isn't imminent
The struggling retailer is moving to protect a long-running turnaround and avoid bankruptcy, according to earlier press reports.
By Daphne Howland • UPDATED: July 19, 2019 at 5:14 p.m. -
Saks Fifth Avenue opens new men's shoe space at its NYC flagship
The revamped area furthers Hudson's Bay Co.'s hopes that the $250 million renovation of its luxury department store might be a lifeline.
By Daphne Howland • July 19, 2019 -
Nordstrom faces backlash over Anniversary Sale early access
Tiered loyalty programs have emerged as a way to meaningfully reward customers. But there's confusion about Nordy Club's perks before the highly anticipated event officially begins.
By Daphne Howland • July 18, 2019 -
EBay may put up StubHub and Classifieds for sale
Unloading either business could challenge its already weaker marketplace, though analysts expressed confidence in those core operations.
By Daphne Howland • July 18, 2019 -
Tru Kids, b8ta to open 2 Toys R Us stores in time for the holidays
The defunct toy retailer is making a comeback through a joint venture that will focus stores around experience and generate revenue from vendor fees.
By Ben Unglesbee • July 18, 2019 -
Chico's-owned Soma to sell fit tech bra through b8ta
In addition to offering its "SOMAINNOFIT" bra in the retail concept's stores, the intimates brand also announced an expanded partnership with QVC.
By Caroline Jansen • July 18, 2019 -
Former Petco CEO named president of Party City
Brad Weston also previously served as the chief merchandising officer at Dick's Sporting Goods.
By Kaarin Vembar • July 18, 2019 -
OpinionWhy M&A deal values dropped so dramatically in 2018
Legacy players are under attack, and incumbents are starting to reexamine portfolios, write A.T. Kearney's Bahige El-Rayes and Alexandre Terseleer.
By Bahige El-Rayes and Alexandre Terseleer • July 18, 2019 -
Kohl's kicks off holiday hiring in July
The retailer is also staffing five new stores and a planned 3,000 additional associates to help with customer service and omnichannel functions.
By Ben Unglesbee • July 17, 2019 -
Anne Klein sold to PE-backed firm
The brand is one of those left over from Nine West Holdings after Authentic Brands Group bought its namesake last year.
By Daphne Howland • July 17, 2019 -
Claire's hires Party City exec as CEO
Ryan Vero takes over the teen accessories retailer as it looks to move beyond its Chapter 11 last year.
By Ben Unglesbee • July 17, 2019 -
Retail sales soar in June
The upbeat results are poised to continue, especially for discounters, analysts said.
By Daphne Howland • July 16, 2019 -
Target brings in Facebook vet to lead tech ops
Hari Govind will oversee cloud computing, network connectivity and operations for technology throughout the retailer's business.
By Ben Unglesbee • July 16, 2019 -
Ikea to close only US factory, cut 300 jobs
The Swedish furniture retailer will move operations to existing facilities in Europe where production costs are lower.
By Caroline Jansen • July 16, 2019 -
Deep DiveFrom Old Navy to Madewell: How sub-brands grow up to eat their parents
Some stores began as a way for retailers to expand their customer base. Then they took over.
By Daphne Howland • July 16, 2019 -
What 5 stats say about Prime Day 2019
With Amazon's fifth-annual sales day underway, Retail Dive took a look at what experts had to say about the event.
By Caroline Jansen • July 15, 2019 -
Rent-A-Center to acquire Merchants Preferred for $47.5M
The deal accelerates the company's shift in emphasis from physical rental to financial services for people with slim or poor credit profiles.
By Daphne Howland • July 15, 2019 -
Barneys reportedly mulls bankruptcy as rent woes take toll
According to multiple outlets, the retailer is exploring its options months after reports that it might downsize its Manhattan flagship.
By Ben Unglesbee • July 15, 2019 -
Former Payless CEO joins J.C. Penney's board
The one-time chief of the discount shoe retailer led it through a Chapter 11 and now will help steer Penney as it tries to find its way in a punishing market.
By Ben Unglesbee • July 12, 2019 -
Charming Charlie's pending liquidation a reminder of bankruptcy's limits
The retailer plans to close all 261 stores in bankruptcy after its first trip through Chapter 11 failed to fix its underlying problems.
By Ben Unglesbee • July 12, 2019 -
Bolt raises $68M to help retailers compete with Amazon
The startup aims to support retailers whose online shopping operations can’t keep up with the e-tailer by offering checkout and fraud detection features.
By Tatiana Walk-Morris • July 12, 2019 -
Prime Day sales begin early for Alexa users
Amazon revealed that shoppers who own the smart devices have access to select sales on Saturday by asking, "Alexa, what are my deals?"
By Kaarin Vembar • July 12, 2019 -
Williams Sonoma brand chief stepping down
The leadership change comes after recent spats of slow and negative sales growth at the kitchenware and home goods brand.
By Ben Unglesbee • July 11, 2019
