Corporate News: Page 2
-
Walmart to lay off nearly 600 finance workers
The retail giant is outsourcing all finance and accounting work to global professional services firm Genpact, the company said.
By Daphne Howland • June 18, 2019 -
Target registers go down due to 'internal technology issue'
The retailer confirmed that the company did experience technical problems on both Saturday and Sunday, and emphasized that the issues were unrelated.
By Kaarin Vembar • UPDATED: June 17, 2019 at 4:22 p.m. -
Spring was cold to specialty retail
Unseasonable weather and looming tariff jumps knocked several companies off their game, but a few only have themselves to blame.
By Daphne Howland • June 17, 2019 -
May retail sales rebound
The U.S. Commerce Department also revised April's results upward, providing much relief at a time of tariff concerns.
By Daphne Howland • June 17, 2019 -
Academy Sports + Outdoors parent downgraded after debt buyback
S&P viewed the repurchases as a form of partial default, though getting its debt back at a discount could give the sports retailer some wiggle room.
By Ben Unglesbee • June 17, 2019 -
Deep DiveDown the aisle: It's a new day for wedding apparel
One of the most disrupted retail markets today is one that Amazon has hardly touched.
By Daphne Howland • June 17, 2019 -
As 3rd-party sellers take over, Amazon's own market share loses 10 points
Jeff Bezos' recent disclosure of Marketplace's scale caused eMarketer to revise sales estimates, but the e-commerce giant still has much to gain.
By Daphne Howland • June 14, 2019 -
Lord & Taylor chief is out
President Vanessa LeFebvre announced her departure as executives at owner Hudson's Bay Co. said four more of its locations will shutter.
By Daphne Howland • June 14, 2019 -
How distressed retailers stacked up in Q1 2019
We pulled key data from struggling industry players as they try to compete in retail's "survival of the fittest."
By Ben Unglesbee • June 14, 2019 -
Walmart updates supplier pricing tool to manage tariff costs
The move shows how certain the company's executives are of the need for price hikes, as the system designed to enable them is already in place.
By Morgan Forde • June 13, 2019 -
Francesca's chairman to step down as shares sink
The apparel retailer also says it will close "at least" 30 stores this year after closing eight in the first quarter.
By Daphne Howland • UPDATED: June 17, 2019 at 2:32 p.m. -
Kohl's shuts down its off-price experiment
The retailer announced its Off/Aisle concept just a couple weeks after Macy's unveiled Backstage — but the two ventures have followed different paths.
By Ben Unglesbee • June 13, 2019 -
Lululemon stretches again in Q1 as sales rise 20%
The athleisure company is expanding its men's sales, loyalty program, omnichannel operations and its outlook.
By Daphne Howland • June 13, 2019 -
Walmart nixes Jet's lead exec role
As the retail giant shifts its online focus to Walmart.com, it plans to transition leadership of the Jet brand under another e-commerce executive.
By Ben Unglesbee • June 13, 2019 -
Another Destination Maternity CEO out amid sales plunge
The latest leapfrog comes with another report of sales and profit troubles at the apparel retailer.
By Daphne Howland • June 13, 2019 -
Target expands family leave, backup care for hourly workers
Retailers depend heavily on hourly and part-time workers, who may find it difficult to take unpaid time for caregiving responsibilities.
By Valerie Bolden-Barrett • June 13, 2019 -
OpinionBringing stores into the 21st century
The old prototype store model is obsolete and fails to accommodate the new reality of retail, ruled by personalized experiences, local flavor and nuance, writes WD Partners' Elaine Kleinschmidt.
By Elaine Kleinschmidt • June 13, 2019 -
Ralph Lauren commits to sweeping sourcing changes
Based on new goals on sustainable materials, the fashion brand is likely going to have a very different supplier base in 2025 than it does today.
By Emma Cosgrove • June 13, 2019 -
Lawsuit alleges Ascena misled public about 'complete disaster' at Ann Taylor, Loft
A shareholder took aim at the apparel retailer for talking up its acquisition of the brands ahead of a $1 billion write-down on their value.
By Ben Unglesbee • June 12, 2019 -
Rihanna's Fenty to pop up at The Webster in SoHo
The superstar's inclusive approach is a fresh luxury take and one that has pushed rivals to innovate.
By Daphne Howland • June 12, 2019 -
Farfetch launches on JD.com
The two marketplaces forged a strategic partnership in 2017 that they've built up the last two years to compete against Alibaba in the luxury market.
By Daphne Howland • June 12, 2019 -
Deep DiveWill the once marvelous department store ever come back?
Many of the innovations fueling retail's most successful startups were standard amenities at department stores nearly a century ago.
By Daphne Howland • June 12, 2019 -
Neiman Marcus goes 'dark'
The department store never went public as planned and can stop filing with the Securities and Exchange Commission thanks to retooled debt.
By Daphne Howland • UPDATED: June 25, 2019 at 11:36 a.m. -
Chico's comp sales slide in Q1
The apparel conglomerate's massive fleet optimization isn't helping that metric, but its new CEO promises stronger sales and a successful turnaround.
By Daphne Howland • June 11, 2019 -
Ascena net loss widens to $238M
The apparel group has new leadership, a shrunken portfolio and a cost-cutting plan, but analysts say it must focus on inventory-bloating product missteps.
By Daphne Howland • June 11, 2019
Previous
