Corporate News: Page 2
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Staples plans $2.1B takeover of Office Depot
Office Depot's board is looking into the offer, keeping in mind that the rivals' past two attempts to merge were thwarted by antitrust concerns.
By Daphne Howland • UPDATED: Jan. 12, 2021 at 9:20 a.m. -
Bed Bath & Beyond's COO says the company is pivoting to a 'common-sense' supply chain model
The supply chain overhaul, an expected $250 million investment, is part of what will bring the retailer back to sustainable growth, according to executives.
By Emma Cosgrove • Jan. 11, 2021 -
A timeline of how the pandemic hit retail
Over the past year, Retail Dive tracked store closures and openings, as well as furloughs, layoffs, hirings and bankruptcies. Here's the story of 2020 in numbers.
By Nami Sumida • Jan. 11, 2021 -
J.C. Penney revamps activewear private brand as the category surges
The department store, fresh out of bankruptcy, is upgrading its private labels and introducing new ones, a strategy Target has pursued with great success.
By Daphne Howland • Jan. 08, 2021 -
Amazon shuts down its Pantry service
The move to close one of its earliest grocery programs comes as the company prioritizes its stores and same-day e-commerce service.
By Jeff Wells • Jan. 08, 2021 -
LVMH shakes up Tiffany ranks as the ink dries on $15.8B deal
Louis Vuitton executive Anthony Ledru has replaced Alessandro Bogliolo as CEO, while Rimowa CEO Alexandre Arnault joins the American jeweler.
By Daphne Howland • Jan. 08, 2021 -
Christopher & Banks inches closer to the brink as it defaults on multiple obligations
Financial distress deepens at the apparel seller as it misses payments on the lease of its headquarters and other financial commitments.
By Ben Unglesbee • Jan. 08, 2021 -
American Express expands small business perks as it reportedly falls under federal investigation
As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices, The Wall Street Journal reports.
By Tatiana Walk-Morris • Jan. 08, 2021 -
Bed Bath & Beyond's net sales slide 5%
The retailer attributed the declines to the sale of non-core banners like Cost Plus World Market and continued store closures.
By Caroline Jansen • Jan. 07, 2021 -
Retailers swiftly condemn riot that delayed Biden election certification
Some business groups blamed the president himself for inciting the pro-Trump mob that stormed the U.S. Capitol on Wednesday.
By Daphne Howland • Jan. 07, 2021 -
Beauty tech company Perfect Corp. raises $50M
The developer of virtual beauty app YouCam Makeup will use the Series C funds to further invest in AI technology and global expansion.
By Tatiana Walk-Morris • Jan. 07, 2021 -
Macy's continues downsizing effort with 45 more store closures
The department store is more than halfway through its previously announced plan to close 125 locations within three years.
By Daphne Howland • Jan. 06, 2021 -
As comfort clothing grows, Athleta launches into sleepwear
The Gap-owned brand pitched sleepwear as a "natural extension" that could introduce new customers to its products.
By Cara Salpini • Jan. 06, 2021 -
Family Video to close all stores as last-ditch effort comes up short
The last major video rental chain is throwing in the towel as the pandemic and disruption to Hollywood take their toll.
By Ben Unglesbee • Jan. 06, 2021 -
The new retailer-landlord relationship
The pandemic has given many stores a new lease on life.
By Daphne Howland • Jan. 06, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning exits bankruptcy
The off-price retailer emerges with roughly 200 fewer stores and new capital.
By Ben Unglesbee • Jan. 05, 2021 -
Macy's replaces chief merchant after 2 years
Nata Dvir, who leads the department store's beauty and center core merchandising, will take the job next month, reporting to CEO Jeff Gennette.
By Daphne Howland • Jan. 05, 2021 -
Crisis Management: How a bad Q1 and a small assortment turned into a good year for Mack Weldon
The DTC brand's bottoms business is up "well over 100%" year over year as the company capitalizes on comfort clothing trends.
By Cara Salpini • Jan. 05, 2021 -
New J.C. Penney holds on to key officers as Soltau departs
CFO Bill Wafford is among the executives staying on at the retailer as it searches for a chief executive under new owners.
By Ben Unglesbee • Jan. 04, 2021 -
It's a done deal
Several retail mergers, acquisitions and partnerships closed at year's end and into the new year.
By Daphne Howland • UPDATED: Jan. 5, 2021 at 10:18 a.m. -
Jill Soltau leaves J.C. Penney
Soltau arrived two years ago as CEO, but the retailer filed for bankruptcy this year, exiting last month with two mall landlords as its new owners.
By Daphne Howland • Dec. 30, 2020 -
DOJ sues Walmart, alleges it helped drive the opioid crisis
The retailer responded with a scathing statement accusing the Justice Department of ethics violations, factual inaccuracies and cherry-picking.
By Ben Unglesbee • Dec. 23, 2020 -
Retrieved from Donald J. Trump video on COVID relief on December 23, 2020
Trump reverses course, signs $900B pandemic relief into law without changes
The House is expected to vote to increase payments to consumers to $2,000 from $600, but the Senate is unlikely to consider it before a new Congress is sworn in.
By Daphne Howland • UPDATED: Dec. 28, 2020 at 10:01 a.m. -
"Pet Supplies Plus Centreville OH USA" by Ed!(talk)(Hall of Fame) is licensed under CC BY-SA 3.0
Pet Supplies Plus to acquire some Pet Valu stores
After announcing it would wind down its U.S. operations earlier this year, 40 former Pet Valu locations will reopen under a new name as early as January.
By Caroline Jansen • Dec. 23, 2020 -
Photo illustration by Danielle Ternes/Retail Dive; photograph by Georgeclerk/iStock, Adamkaz/iStock, Nodar Chernishev/iStock, and Scanrail/iStock via Getty Images
Crisis Management: How executives are handling a turbulent time in retail
From the moment the pandemic started, retailers have been in a relative state of chaos. Here's what some companies did about it.
By Cara Salpini • Dec. 23, 2020