Financial News: Page 111
-
Party City to open 91% fewer Halloween pop-ups this year
The retailer is coming off a disastrous 2019 holiday performance and headed into a season disrupted by the pandemic.
By Ben Unglesbee • Sept. 23, 2020 -
Nike bounces back with $10.6B revenue in Q1
The revenue win comes as the athletics retailer continues to accelerate its digital strategy and prioritize owned channels over wholesale.
By Cara Salpini • Sept. 23, 2020 -
Courtesy of Walmart
Walmart to offer sellers credit lines through Goldman Sachs
Amazon partnered with the financial company this summer on a similar initiative with higher credit limits.
By Tatiana Walk-Morris • Sept. 23, 2020 -
Is Walmart finally in fashion?
The retail giant has refined its stable of brands through partnership, acquisition, expansion, revitalization and divestment.
By Daphne Howland • Sept. 23, 2020 -
Ralph Lauren to cut workforce by 15%
The apparel company is boosting its digital operations and cutting merchandising as it works to evolve despite unprecedented unknowns.
By Daphne Howland • Sept. 22, 2020 -
Courtesy of Lowe's
Lowe's to add pickup lockers to most metro areas by Thanksgiving
The fulfillment tech comes after the home improvement retailer reported a 135% year-over-year surge in website sales during the second quarter.
By Caroline Jansen • Sept. 22, 2020 -
Cara Salpini/Retail Dive
Ascena clears hurdle into final stretch of Ch. 11 reorganization
The apparel retailer is putting up its reorganization plan for a creditor vote as it aims to shed $1 billion in debt and emerge healthier.
By Ben Unglesbee • Sept. 22, 2020 -
Courtesy of Walmart
Walmart tries again in apparel with new private label
The retailer has attempted to elevate its fashion, without matching Target's success. It may need to if it's going to offset its growing e-commerce costs.
By Daphne Howland • Sept. 21, 2020 -
Pottery Barn aims to extend life of products through Renewed line
Through a partnership with The Renewal Workshop, the home goods retailer makes its play in the growing resale market.
By Caroline Jansen • Sept. 21, 2020 -
Oracle, Walmart deal for TikTok tentatively approved, paving way for digital shakeup
The proposed company will leverage Walmart's e-commerce, fulfillment and payment services while setting up a showdown with major digital platforms.
By Robert Williams • Sept. 21, 2020 -
The standard holiday season is 'meaningless' this year, AlixPartners says
The consultancy added October sales in its forecast for 2020 to account for shifts retailers and consumers are making in a pandemic.
By Ben Unglesbee • Sept. 21, 2020 -
Daphne Howland/Retail Dive
FullBeauty's $41M bid wins Catherines plus brand at auction
The offer more than doubles a stalking horse bid from plus e-retailer City Chic. Bankrupt owner Ascena also says it will close 23 more Justice stores.
By Daphne Howland • Sept. 18, 2020 -
Courtesy of Walmart
Walmart revamps store teams, raises some wages
The retailer is adding responsibilities to three key leadership roles and boosting wages for some 165,000 employees while also nixing bonuses.
By Ben Unglesbee • Sept. 18, 2020 -
A long-awaited moment of truth for GameStop
As the next generation of consoles finally nears release, analysts are signaling more confidence in the struggling gaming retailer.
By Ben Unglesbee • Sept. 17, 2020 -
Rent the Runway drops unlimited rental
The company's tweaks to its membership structure include three subscription options where consumers can receive up to four, eight or 16 items a month.
By Kaarin Moore • Sept. 17, 2020 -
A 'rocky' fall season lies ahead for retailers, Cowen says
Trip consolidation, spending changes, government action (or lack of) on the economy and the continued spread of COVID-19 make for many possibilities.
By Ben Unglesbee • Sept. 17, 2020 -
Courtesy of Walmart corporate blog
Is the world's largest retailer letting Amazon set the rules?
Walmart+ trades the retail giant's "always low prices" promise for an exclusive convenience play that, so far, its online rival is winning.
By Daphne Howland • Sept. 17, 2020 -
August retail rebound hampered by uncertainty
A faltering economy and persistent pandemic are polarizing consumers, hindering spending and jeopardizing the holidays.
By Daphne Howland • Sept. 16, 2020 -
Courtesy of Kohl's
Kohl's cuts 15% of corporate staff
The layoffs are part of an effort to "further align its cost base in response to the business impact resulting from the COVID-19 pandemic," the retailer said.
By Ben Unglesbee • Sept. 16, 2020 -
GNC nixes auction, plans to sell itself to investor
With no other bids, the retailer is moving forward with a sale to China-based Harbin Pharmaceutical Group. The deal could be subject to regulatory scrutiny.
By Ben Unglesbee • Sept. 15, 2020 -
Emma Cosgrove/Retail Dive
Amazon to hire 100K after 6 months of capacity building
The company is opening 100 new operations buildings in September as it preps for peak season during a pandemic.
By Emma Cosgrove • Sept. 14, 2020 -
Courtesy of J. Jill Inc.
J. Jill dodges bankruptcy
After multiple forbearance extensions, the apparel seller cut an out-of-court deal with key lenders that will extend maturities and add liquidity.
By Ben Unglesbee • Sept. 14, 2020 -
Wayfair hires Walmart alum to run supplier tech
The e-tailer sees expansive product choice as a differentiator, which makes attracting vendors a key element of its success. Technology is one inducement.
By Emma Cosgrove • Sept. 14, 2020 -
Chewy has already added more customers this year than in all of 2019
The pet e-retailer's sales and margins grew in the second quarter, and analysts see it well positioned to take advantage of an expanding opportunity.
By Daphne Howland • Sept. 11, 2020 -
Target plans to expand Black employee representation by 20%
The retailer has announced multiple equity and diversity initiatives in a year when conversations and protests over racial injustice have moved to the fore.
By Ben Unglesbee • Sept. 11, 2020
Previous
