Corporate News: Page 2

Amazon returns to 'debt-fueled growth' amid online boom

The e-commerce giant has been frantically building capacity and could spend $20 billion on shipping in Q4 as sales surge, according to Moody's.

By Ben Unglesbee • Oct. 15, 2020

Away's Steph Korey steps down as co-CEO

Former Lululemon exec Stuart Haselden is taking over as sole CEO, part of a plan the DTC brand announced earlier this year.

By Cara Salpini • Oct. 15, 2020

Bed Bath & Beyond to sell Christmas Tree Shops banner

Combined with a sale of its Linen Holdings business and a distribution center, the home goods retailer expects to generate some $250 million from the deals.

By Caroline Jansen • Oct. 14, 2020

Macy's taps retail consultant as CFO

Before joining Boston Consulting Group, Adrian Mitchell held various executive positions at retailers including Crate and Barrel and Target.

By Daphne Howland • Oct. 14, 2020

Ascena moves to sell Justice tween brand for $35M

The apparel brand, once the top performer, has faltered in recent quarters, but CEO Gary Muto expects its bankruptcy auction to be competitive.

By Daphne Howland • Oct. 14, 2020

Walmart spreads Black Friday deals throughout November

The retail giant plans three separate events that begin online and end in stores and will offer curbside pickup for sales event purchases.

By Ben Unglesbee • Oct. 14, 2020

Centric Brands exits bankruptcy

The company shed some $700 million in debt in Chapter 11 and is looking for growth upon emerging from the court process.

By Ben Unglesbee • Oct. 13, 2020

As holiday shopping begins, half of consumers hurt economically by pandemic

A new report from PwC found that many consumers are grappling with lost income and jobs, and a majority are also concerned about COVID-19 in stores. 

By Ben Unglesbee • Oct. 12, 2020

Deep Dive

Athletics retailers advertise diversity, but does their leadership reflect it?

Campaigns and company statements about systemic racism and women's rights abound in the athletics space. The pace of change is less certain.

By Cara Salpini • Oct. 12, 2020

How much has executive diversity changed in retail?

In this package, Retail Dive examines racial and gender diversity in leadership roles from four different angles.

By Cara Salpini • Oct. 12, 2020

Deep Dive

As retailers focus on diversity, executive representation is stagnant

Protests against systemic racism this year pushed retailers to take a magnifying glass to diversity, and many areas are lacking.

By Cara Salpini • Oct. 12, 2020

Deep Dive

Bras and BB cream: Why aren't brands for women run by them?

In lingerie and beauty, a large part of the diversity battle is being fought on the highest ground: the C-suite.

By Cara Salpini • Oct. 12, 2020

Deep Dive

Legacy reigns at top beauty retailers. Here's why that could hurt diversity.

Promoting women to the C-suite isn't the only thing beauty brands should have in mind. They also face a reckoning over racial inclusivity.

By Cara Salpini • Oct. 12, 2020

J.C. Penney moves to close 144 stores as progress on sale grinds slowly

Vendors are holding back product as they wait for a deal to sell the bankrupt chain to landlords to materialize. This story includes corrected information. 

By Ben Unglesbee • UPDATED: Oct. 9, 2020 at 4:14 p.m.

Target teams with FAO Schwarz for exclusive toy collection

The collection includes 70 items, and the iconic toy brand will also offer 300 of the mass merchant's products at its New York flagship.

By Tatiana Walk-Morris and Ben Unglesbee • Oct. 09, 2020

Gap Inc.'s Old Navy chief takes on the job permanently

Company veteran Nancy Green has led the discount brand since March, returning to it last year after a stint heading activewear brand Athleta.

By Daphne Howland • Oct. 09, 2020

Retailers brace for more pandemic trouble

An uneasy economy and relentless disease outbreak are threatening a repeat of the second quarter as the holidays approach.

By Daphne Howland • Oct. 09, 2020

Levi's expands Red Tab sales to 500 Target stores

While it's opening new stores of its own, the iconic denim maker shows it still believes in wholesale as it also partners with Dick's Sporting Goods.

By Daphne Howland • Oct. 08, 2020

Adidas names new HR chief

The previous head of HR, Karen Parkin, left in June after employees reportedly asked the company to investigate her approach to workplace racial issues.

By Cara Salpini • Oct. 08, 2020

5 retailers winning despite the pandemic

The crisis caused unparalleled disruption to the industry. However, a small number of companies have not only been able to stay afloat, but thrive.

By Caroline Jansen • Oct. 08, 2020

Dollar General launches 'Popshelf,' a new concept store aimed at suburban women

The deep discounter has two stores set to open this fall and plans to add around 30 by the end of next year. 

By Ben Unglesbee • Oct. 08, 2020

J. Jill names new CEO after dodging bankruptcy this year

Claire Spofford was once the company's chief marketer, and most recently was president of catalog and digital specialist Cornerstone Brands.

By Ben Unglesbee • Oct. 08, 2020

Walmart enters Medicare broker market, threatening incumbents

The retailer plans to sell Medicare Advantage and prescription drug plans from major insurers during this year's annual enrollment period.

By Rebecca Pifer • Oct. 08, 2020

House report accuses Amazon of abusing market power

In a 450-page document, a subcommittee devoted to antitrust matters suggest "structural separation" of tech giants.

By Ben Unglesbee • Oct. 07, 2020

Pandemic stimulus delay alarms retailers as holidays loom

The president sent several confusing tweets Tuesday, hobbling renewal of a relief package that observers have credited with bolstering sales.

By Daphne Howland • Oct. 07, 2020