Corporate News: Page 2
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Pier 1 appoints interim CFO amid growing financial loss
Deborah Rieger-Paganis, with 30 years of experience improving retailers' finances, replaces Nancy Walsh. But will that be enough?
By Caroline Jansen • April 18, 2019 -
Consumer confidence may be hitting a peak
Americans remain among the most confident consumers in the world, but there are some signs of softening here, too.
By Daphne Howland • April 18, 2019 -
Aldi and Kohl's set to benefit from combo stores, report says
More than three-quarters of shoppers polled by Field Agent said they’d very likely shop at both stores in the same trip.
By Lauren Manning • April 18, 2019 -
Neiman Marcus takes minority stake in resale site Fashionphile
The department store is investing in the e-commerce company in an effort to reach "younger shoppers ahead of their peak spending years."
By Daphne Howland • April 17, 2019 -
ESL attempts to block Sears Hometown liquidation
The appliance and outlet retailer, mostly franchises, was spun off from Sears in 2012 but hasn't entirely escaped its former parent's troubles.
By Daphne Howland • April 17, 2019 -
Wayfair boosted orders over 300% during Way Day
However, compared to results from the company's sales holiday last year, the numbers were less stellar.
By Caroline Jansen • April 17, 2019 -
Best Buy, Target jump into at-home medical device market
The partnerships give both medical device companies an opportunity to reach a broader audience through mass merchant retailers, and tightens the relationship between healthcare and retail.
By Daphne Howland • April 17, 2019 -
Destination Maternity margins shrink
The retailer is chipping away at inventory and doesn't want to flood the market with under-priced merchandise as it tries to move sales.
By Daphne Howland • April 16, 2019 -
REI paddles deeper into watersports
Just days after announcing an expansion of its rental program, the retailer is adding paddleboards and kayaks to the list of rentable gear.
By Cara Salpini • April 15, 2019 -
Best Buy names new CEO
Corie Barry, the company's current chief financial and strategic transformation officer, will take on the position, effective June 11.
By Daphne Howland • April 15, 2019 -
Anthropologie employee dubbed 'mom' gets age claim revived
After she expressed interest in a supervisor job, a manager allegedly told the plaintiff she was too old and didn't have the stamina for the position.
By Lisa Burden • April 15, 2019 -
Ace Hardware adds 'Deliver from Store' options
The efforts to improve order fulfillment come in addition to already existing features, which aim to optimize the retailer's e-commerce business.
By Caroline Jansen • April 12, 2019 -
Ross president and COO resigns
Michael O'Sullivan had been in the role since 2009 and CEO Barbara Rentler says there are more management changes to come.
By Daphne Howland • April 12, 2019 -
Walmart to acquire ad-tech startup Polymorph
The big box chain hopes to help brands connect with consumers in more cutting-edge ways as it tries to keep up with Amazon's quickly growing ad business.
By Chantal Tode • April 12, 2019 -
Shipt, Petco partner for same-day delivery
Pet owners will be able to get supplies delivered from nearly 1,300 stores as quickly as under an hour.
By Daphne Howland • April 12, 2019 -
Fred's shuttering 159 stores
"Total Inventory Blowout" sales are also occurring at 360 of the drugstore retailer's other locations, as it "evaluates strategic alternatives."
By Daphne Howland • April 12, 2019 -
Chico's to launch online lingerie brand targeting millennials
TellTale is a smart play for younger customers in a market where leader Victoria's Secret is ceding share, analysts say.
By Daphne Howland • April 12, 2019 -
J. Crew mulls IPO for Madewell brand
Michael Nicholson was named interim CEO of J. Crew Group, while President and Chief Experience Officer Adam Brotman resigned from his position.
By Kaarin Vembar • April 12, 2019 -
Rite Aid approves reverse stock split to stay on the NYSE
The company also reported revenue and front-of-store comp declines, but its loss has narrowed year over year.
By Daphne Howland • April 11, 2019 -
Profits don't make a splash at Bed Bath & Beyond
An activist shareholder group calling for the retailer to replace its CEO said Q4 results underscore that need, but some analysts say the company needs time.
By Daphne Howland • April 11, 2019 -
ModCloth taps new CEO
Antonio Nieves departed the position, and Silvia Mazzucchelli, who most recently worked with American Apparel, was selected to lead the company.
By Kaarin Vembar • April 11, 2019 -
Kohl's lands exclusive deal with Elizabeth and James
The retailer said it hopes to attract new customers, particularly millennials, through the collection.
By Caroline Jansen • April 11, 2019 -
What's the Story with Macy's?
The department store has moved swiftly to roll out the retail concept, but risks and challenges remain.
By Daphne Howland • April 11, 2019 -
Moody's downgrades L Brands' outlook on Victoria's Secret woes
The lingerie brand has lost favor among many consumers, and Wall Street is growing increasingly concerned.
By Daphne Howland • April 10, 2019 -
Levi's notches profit in 1st post-IPO quarter
The storied denim company is diversifying its operations and its merchandising and is increasingly being accepted by younger consumers as a lifestyle brand.
By Daphne Howland • April 10, 2019
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