Financial News: Page 105
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Kendall Davis/Retail Dive
Podcast
The Backroom: J.C. Penney's slow ride through bankruptcy
The department store's deal to sell itself to landlords Simon and Brookfield is in its final stages. But the retailer's struggles are far from over.
By Retail Dive Team • Nov. 19, 2020 -
Courtesy of Walmart
Walmart doubles number of personal shoppers for the holidays
The big-box retailer has over 150,000 associates dedicated to filling orders, including grocery.
By Tatiana Walk-Morris • Nov. 19, 2020 -
As pandemic continues, Home Depot and Lowe's continue to reap benefits
Heading into the winter months, analysts don't expect the sales boom to subside as consumers will be forced to stay inside more.
By Caroline Jansen • Nov. 18, 2020 -
Wedding apparel retailer Brideside abruptly shuts down
Customers that have questions about orders are instructed to contact individual designers because the company is "no longer able to field inquiries."
By Kaarin Moore • Nov. 18, 2020 -
Courtesy of Target
Target steals more market share as same-day channels grow 217% in Q3
The retailer posted banner numbers across the board as consumers leaned on its digital-first services, and flocked to its stores, too.
By Ben Unglesbee • Nov. 18, 2020 -
TJX to launch HomeGoods e-commerce as the category fuels stellar Q3
The off-price retailer faces uncertainty during the holiday quarter, however, and that may not ease until the pandemic ends.
By Daphne Howland • Nov. 18, 2020 -
Out of stocks hit Casper's top line
The online mattress brand faced net revenue declines of 3.3%, while others in the category continue to win during the pandemic.
By Caroline Jansen • Nov. 17, 2020 -
Courtesy of Amazon
Amazon jumps into pharmacy business, Prime members set to get steeper discounts
This move is a direct threat to retail pharmacy incumbents. CVS Health and Walgreens were hit in early market trading.
By Samantha Liss • Nov. 17, 2020 -
Courtesy of Kohl's
Kohl's disappoints in Q3 despite location advantage
The retailer proved the benefit of being away from the mall, but weak e-commerce hurt in the period as the pandemic discourages indoor shopping.
By Daphne Howland • Nov. 17, 2020 -
Courtesy of Walmart corporate blog
Walmart sales gains slow in Q3 but remain strong ahead of the holidays
The retailer's sales rose 6.2% in the U.S. thanks to higher ticket values as visits slowed.
By Ben Unglesbee • Nov. 17, 2020 -
Daphne Howland/Retail Dive
Francesca's to close 140 stores
The apparel retailer, which runs most of its stores in malls, also reiterated that it might take its restructuring efforts to bankruptcy court.
By Daphne Howland • Nov. 16, 2020 -
Tailored Brands looks to exit bankruptcy later this month
The owner of Men's Wearhouse and Jos. A. Bank won court approval for its bankruptcy plan, which would eliminate some $686 million in debt.
By Ben Unglesbee • Nov. 16, 2020 -
Taubman agrees to discount, clearing path to Simon merger
The largest U.S. mall developer shows signs of stress as the pandemic accelerates the model's decline, so likely needs to take over its smaller rival.
By Daphne Howland • Nov. 16, 2020 -
Home Depot buys back HD Supply in $8B deal
Bringing the industrial goods wholesaler back under its roof may help solidify the home improvement retailer's position among its pro customer base.
By Caroline Jansen • Nov. 16, 2020 -
Guitar Center files for bankruptcy
The retailer has a deal with lenders to cut $800 million in debt and get the company in and out of Chapter 11 by year's end.
By Ben Unglesbee • Updated Nov. 23, 2020 -
5 ways retailers have adapted to a Black Friday unlike any other
Curbside sales, staggered discounts, websites that hold your place in line — retailers are reinventing Black Friday for a pandemic.
By Ben Unglesbee • Nov. 16, 2020 -
Courtesy of Alibaba
Alibaba draws $74B in sales during 11.11 shopping event
The Global Shopping Festival, which spanned 11 days this year, attracted about 800 million consumers and more than 250,000 brands.
By Tatiana Walk-Morris • Nov. 13, 2020 -
Dillard's surprises with Q3 profit despite women's apparel slump
The department store kept an iron grip on expenses, and, in another blow to U.S. malls, appears to be scaling back its brick-and-mortar footprint.
By Daphne Howland • Nov. 13, 2020 -
Target's free loyalty program nears 80M members 1 year after launch
Customers have flocked to Target Circle after the retailer created a rewards program decoupled from its branded credit card.
By Ben Unglesbee • Nov. 12, 2020 -
Best Buy adds Lovesac products to online assortment
The announcement builds on an existing partnership where the products were sold through shop-in-shops in the electronics retailer's stores.
By Caroline Jansen • Nov. 12, 2020 -
Claire's unveils first loyalty program
The retailer joins other companies in enticing consumers with loyalty incentives to further customer engagement during a pandemic.
By Tatiana Walk-Morris • Nov. 12, 2020 -
J.C. Penney launches private apparel brand as it welcomes new owners
The new line features in-demand comfortable styles in inclusive sizing, though the department store warned against calling it athleisure.
By Daphne Howland • Nov. 12, 2020 -
Bebe joins home retail boom through Buddy's rent-to-own franchises
The fashion brand has forged an unusual pact with a retail enterprise found mostly in strip centers, which shows how cutthroat retail is right now.
By Daphne Howland • Nov. 12, 2020 -
Daphne Howland/Retail Dive
Anchors, away: How department stores are ditching malls
A once mutually beneficial relationship is falling apart.
By Daphne Howland • Nov. 12, 2020 -
Bluestar buys Ascena's Justice brand for $90M
The owner of Hurley, Bebe and Brookstone had to up its bid for the tween brand to buy it at a bankruptcy auction.
By Ben Unglesbee • Nov. 11, 2020
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