Financial News: Page 109
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Daphne Howland/Retail Dive
Neiman Marcus foe arrested as retailer tries to cross bankruptcy finish line
The retailer filed the third version of its bankruptcy plan on Friday as it eyes reorganization and an exit from a dramatic bankruptcy.
By Ben Unglesbee • Sept. 4, 2020 -
Cara Salpini/Retail Dive
Credit Suisse: Ralph Lauren works to clean up North American business
Digital sales grew just 3% in the region as the brand tries to limit sales on the gray market and shift its focus to more high-end customers.
By Tatiana Walk-Morris • Sept. 4, 2020 -
J. Jill sales plummet 49%
The struggling apparel retailer actually narrowed its loss due to a write-off in the year-ago period, but could soon be headed to bankruptcy court.
By Daphne Howland • Sept. 3, 2020 -
Courtesy of Target
Target adds premium products to its Good & Gather line
Good & Gather Signature has launched with 60 items, which will help bring the private label line to nearly 2,000 total products by the fall.
By Krishna Thakker • Sept. 3, 2020 -
Daphne Howland/Retail Dive
Turbulence, tech and the retail worker
Employees have faced furloughs and job losses from COVID-19-related store closures and disruption to their jobs from new technologies.
By Ben Unglesbee • Sept. 3, 2020 -
Retrieved from The Paper Store on July 15, 2020
The Paper Store emerges from bankruptcy
The gift specialist went into Chapter 11 with hopes of a quick sale and got one.
By Ben Unglesbee • Sept. 3, 2020 -
Permission granted by Walmart
Walmart, Oak Street Health launch clinic partnership in Texas
The retailer is replacing its own clinics at three Dallas-Fort Worth stores with ones operated by Oak Street Health as it continues to expand into healthcare.
By Rebecca Pifer • Sept. 3, 2020 -
Daphne Howland/Retail Dive
Macy's loss narrows in Q2 as stores reopen and e-commerce swells
But the retailer remains wary of a pandemic resurgence, a fall-off in tourism and a failure to renew government stimulus, executives said Wednesday.
By Daphne Howland • Sept. 2, 2020 -
Daphne Howland/Retail Dive
Neiman Marcus adds 3 stores to closure count
Seven full-line stores will shutter for good, along with almost all off-price locations, as the department store navigates a choppy bankruptcy process.
By Daphne Howland • Sept. 2, 2020 -
Courtesy of Nike
Nike unveils first maternity collection
Launching Sept. 17, the line will focus on four "essentials," and furthers the retailer's strategy of catering to female customers.
By Cara Salpini • Sept. 2, 2020 -
Daphne Howland/Retail Dive
NRF: Pandemic remains a 'shock' for small businesses
The negative impact of COVID-19 is still being widely felt by small businesses as stimulus measures run out and the virus continues its spread.
By Ben Unglesbee • Sept. 2, 2020 -
Courtesy of J. Jill Inc.
J. Jill attempts out-of-court restructuring
The women's apparel retailer forged an agreement with lenders holding 70% of its long-term debt but will turn to Chapter 11 if that doesn't work out.
By Daphne Howland • Sept. 1, 2020 -
J.C. Penney lenders could take over company as sale talks sputter
The coming weeks will determine the retailer's ultimate fate. Meanwhile, suppliers are in limbo and the company is moving to close more stores.
By Ben Unglesbee • Sept. 1, 2020 -
Back-to-school shoppers are showing up after all, study shows
Mass merchants, Best Buy and even office retailers saw foot traffic upticks in August, after steeper declines last month, according to Placer.ai.
By Daphne Howland • Sept. 1, 2020 -
Walmart to launch its Walmart+ membership service
The retailer's answer to Amazon's Prime touts its store base as well as fuel and Scan & Go perks.
By Ben Unglesbee • Sept. 1, 2020 -
Brian Tucker/Retail Dive
ColumnSKU'd: 7 pop culture moments that track the downfall of the mall
From Fast Times at Ridgemont High to Harley Quinn, pop culture has been recording the slow decline of an American shopping institution.
By Kaarin Moore • Sept. 1, 2020 -
Investment group outbids stalking horse to nab RTW Retailwinds for $40M
Saadia Group doubled the purchase agreement amount offered by Sunrise Brands earlier this month to grab RTW's IP and e-commerce business.
By Daphne Howland • Aug. 31, 2020 -
J.C. Penney racked up $342M loss for July
The losses come as the retailer tries to negotiate a sale of the company, with few updates on the progress in recent weeks.
By Ben Unglesbee • Aug. 31, 2020 -
What Q2 says about apparel
The category has dragged down retail since the pandemic forced stores shut and dented the economy. Some players are doing better than others.
By Daphne Howland • Aug. 31, 2020 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart sells off 2 more digital brands
The retail giant is offloading Bare Necessities and Shoes.com, two brands purchased since 2017.
By Ben Unglesbee • Aug. 28, 2020 -
Courtesy of Ulta
Ulta's net income falls 95% as e-commerce grows by more than 200%
The beauty retailer is preparing for the holiday season by pushing up the opening of a new fulfillment center to handle a higher mix of digital sales.
By Cara Salpini • Aug. 28, 2020 -
Cara Salpini/Retail Dive
Gap Inc. will close 225 stores this year, more in 2021
Gap and Banana Republic footprints will shrink as Athleta emerges as the company's best performer. But executives dismissed the notion of a spinoff.
By Daphne Howland • Aug. 28, 2020 -
Dollar stores get another boost from pandemic shopping habits in Q2
Dollar General comp sales were up nearly 19%, while rival Family Dollar comps were up in double digits too.
By Ben Unglesbee • Aug. 27, 2020 -
Daphne Howland/Retail Dive
With no buyer in sight, Lord & Taylor liquidates all stores
All 38 locations are going out of business after the pandemic shredded hopes of a comeback for the 200-year-old retailer.
By Daphne Howland • Aug. 27, 2020 -
Courtesy of Businesswire
Tiffany swings back to profit in Q2
The jeweler extended the outside date it could walk away from its merger deal with Parisian luxury house LVMH, which hasn't said if it agrees.
By Daphne Howland • Aug. 27, 2020
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