Financial News: Page 110
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Bed Bath & Beyond reports first comps growth since 2016
Though stores were open during the period, the 6% bump in same-store sales was driven largely by its e-commerce business.
By Caroline Jansen • Oct. 1, 2020 -
H&M to close 250 stores next year
Even with a new emphasis on e-commerce, the plans are a major departure for the fast-fashion retailer. Yet they may not go far enough, some analysts say.
By Daphne Howland • Oct. 1, 2020 -
Walmart to revamp 1K stores with digital in mind
Using airports as a model, the retail giant is redesigning stores to help customers navigate them and to prompt app-based shopping.
By Ben Unglesbee • Oct. 1, 2020 -
Powell's Books has had enough of Amazon
The Portland, Oregon, bookstore has been a marketplace seller from the get-go, but is now calling it quits and staking a claim for independents.
By Daphne Howland • Oct. 1, 2020 -
Walmart plans online sale that parallels Prime Day
The retailer joins Target in competing with Amazon's big sale event as all three giants adapt to a longer and earlier holiday season.
By Ben Unglesbee • Sept. 30, 2020 -
War of words escalates as LVMH countersues Tiffany to nix their deal
The Parisian fashion house is scrambling for excuses to exit their deal or, perhaps, lower the price, but the iconic jeweler may be on solid ground.
By Daphne Howland • Sept. 30, 2020 -
Tommy Hilfiger, Calvin Klein owner PVH taps Stefan Larsson as CEO
He succeeds Manny Chirico, who has been chief executive for 14 years, and takes the helm at a time of upheaval in apparel retail.
By Daphne Howland • Sept. 30, 2020 -
Is Costco's winning streak at risk without curbside pickup?
Retailers leaned on the fulfillment service when the pandemic hit. Eight experts discuss the future implications for the club retailer.
By Caroline Jansen • Sept. 30, 2020 -
Retail on pace for the most bankruptcies and store closures ever in one year, BDO says
The pandemic has interfered with the usual business cycle and accelerated existing trends, according to the firm's biannual bankruptcy report.
By Daphne Howland • Sept. 29, 2020 -
Poshmark files for IPO
The secondhand apparel marketplace currently has nearly 32 million active users and 6.2 million active buyers.
By Tatiana Walk-Morris and Kaarin Vembar • Updated Dec. 18, 2020 -
Charming Charlie brand opens its first store after liquidating in 2019
The color-coded retailer already has a second physical store slated to open later this week and says it plans to open as many as 25 a year.
By Ben Unglesbee • Sept. 29, 2020 -
The 5 worst-timed retail decisions of 2020
For many companies COVID-19 was the culprit, for others it was a series of unfortunate decisions. But, this year has hit the industry hard.
By Kaarin Moore • Sept. 29, 2020 -
Target is throwing its own sale party on Amazon's Prime Day
The retailer is hosting its own digital event to launch the holiday shopping period while it plans to extend Black Friday discounts through November.
By Ben Unglesbee • Sept. 29, 2020 -
Allbirds raises $100M despite pandemic
The buzzy DTC shoe brand plans to use the capital to fuel further brick-and-mortar and international expansion, as well as to push into new categories.
By Cara Salpini • Sept. 28, 2020 -
Retrieved from Amazon on September 28, 2020
Amazon sets October Prime Day dates after months-long delay
A sales event that usually takes place in July could now be a force in a wildly different and uncertain holiday period.
By Ben Unglesbee • Sept. 28, 2020 -
Sycamore Partners reportedly bids on Ann Taylor and other Ascena assets
The private equity firm could add the bankrupt conglomerate's most valuable remaining brands to its retail portfolio, according to a Bloomberg report.
By Daphne Howland • Sept. 28, 2020 -
Costco sales jump on strong fresh food demand
The retailer regained its footing as consumers grew more comfortable with in-store shopping after it struggled with reduced store traffic earlier in the year.
By Sam Silverstein • Sept. 25, 2020 -
Patagonia names Ryan Gellert CEO, replacing Rose Marcario
Marcario stepped down in June of this year, to the surprise of many, but the company has the same mission under Gellert: saving the "home planet."
By Cara Salpini • Sept. 25, 2020 -
Target to double holiday staffing for same-day services
The retailer said that 10 million new customers shopped its website and demand for its same-day fulfillment options quadrupled in the first half of 2020.
By Ben Unglesbee • Sept. 25, 2020 -
Ulta postpones entry into Canada
Citing the current operating environment, the beauty retailer said its global expansion is suspended while it shifts to focus on U.S. growth.
By Cara Salpini • Sept. 24, 2020 -
"Bergdorf Goodman department store on Fifth Avenue from 57th to 58th Streets designed in 1928 by architects Kahn & Jacobs." by Christopher Peterson is licensed under CC BY 3.0
Neiman Marcus Group plans store layoffs in pivot to e-commerce
The changes are "substantial," according to WWD, which first reported the news. And they represent further erosion of the department store sector.
By Daphne Howland • Sept. 24, 2020 -
The image by Norm Lanier, Pierre Metivier is licensed under CC BY 2.0 / Edited by Yujin KIm/Retail DiveColumn
SKU'd: LVMH & Tiffany's infinite breakup playlist
What started out as a beautiful romance ended up in court in Delaware. Here's the soundtrack to the dissolution of a corporate relationship.
By Kaarin Moore • Sept. 24, 2020 -
Podcast
The Backroom: Walmart+ vs. Amazon Prime
Why did the retail giant launch a membership service, and can it compete with Prime? Senior Reporters Daphne Howland and Ben Unglesbee break it down.
By Caroline Jansen • Sept. 24, 2020 -
Bed Bath & Beyond names former Michaels exec CTO
The appointment follows the company's decision to lay off 5% of its workforce as it continues to streamline operations.
By Tatiana Walk-Morris • Sept. 24, 2020 -
Retailers get out the vote
Elections are an opportunity for businesses to embrace bipartisan action, overt activism and selling merch.
By Daphne Howland • Sept. 23, 2020