Financial News: Page 102
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Urban Outfitters names new CEO
Sheila Harrington, who currently runs the Free People brand, will continue in that role and replace Trish Donnelly as CEO.
By Kaarin Moore • Jan. 14, 2021 -
Christopher & Banks files for bankruptcy, could close all stores
The women's apparel seller is among the victims of the pandemic, which dragged down demand among its core customers.
By Ben Unglesbee • Jan. 14, 2021 -
'There are no environmentally friendly companies': The pursuit of corporate social responsibility
Home Depot and Ulta executives discuss what retailers should consider in forming corporate social responsibility plans, and how to succeed.
By Cara Salpini • Jan. 14, 2021 -
The image by wpktsfs is licensed under CC BY-SA 3.0
A closer look at RH’s Aspen ‘ecosystem’
The brand last week made an investment into a major Colorado real estate development, which includes stores, restaurants, residences and a spa.
By Caroline Jansen • Jan. 14, 2021 -
By the numbers: Holiday retail sales in 2020
Kohl's comparable sales fell by 11% during the fourth quarter — an improvement over earlier periods — while it focused on cutting costs.
By Daphne Howland , Ben Unglesbee , Kaarin Moore • Updated Feb. 4, 2021 -
Bed Bath & Beyond taps Target, Macy's vets to build out its marketing team
Jim Reath will serve as senior vice president of marketing, while Kristi Argyilan will act as senior vice president of brand innovation.
By Caroline Jansen • Jan. 13, 2021 -
Sephora rolls out action plan to address racial bias
The beauty retailer is implementing changes across marketing and merchandising, stores, and employee training.
By Cara Salpini • Jan. 13, 2021 -
GameStop adds former Chewy execs to board as digital holiday sales balloon by 309%
The founder of the pet products e-tailer has taken an activist stake in GameStop and called on it to transform — immediately.
By Ben Unglesbee • Jan. 12, 2021 -
Walmart to launch fintech startup with partner Ribbit Capital
The startup will be majority-owned by the retailer. Ribbit Capital's past investments include Affirm, Credit Karma and Robinhood.
By Anna Hrushka • Jan. 12, 2021 -
Dollar Shave Club names new CEO after founder steps down
Former Sur La Table CEO Jason Goldberger will replace Michael Dubin in the top spot. Dubin will remain on as a special adviser and board member.
By Maria Monteros • Jan. 12, 2021 -
Lululemon taps Nike veteran as head merchant
Blanca Gonzalez will lead global merchandising for men's and women's, and focus on growing the company into a "leader in technical apparel."
By Cara Salpini • Jan. 12, 2021 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
Art Van successor Loves Furniture files for bankruptcy
A real estate veteran created a new retailer to fill the void left by the furniture specialist. Things did not go as planned.
By Ben Unglesbee • Jan. 11, 2021 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
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 -
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 Cara Salpini • 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. 8, 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. 8, 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. 8, 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. 8, 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. 8, 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. 7, 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. 7, 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. 7, 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. 6, 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. 6, 2021