Financial News: Page 112
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GameStop to close up to 450 stores this year
Executives with the gaming retailer accelerated plans to lower their footprint density after seeing strong results from earlier closures.
By Ben Unglesbee • Sept. 10, 2020 -
Century 21, in Chapter 11, to wind down after 60 years
The Manhattan-based off-pricer, which famously rebuilt after 9/11, blames unpaid insurance claims as all 13 stores liquidate.
By Daphne Howland • Sept. 10, 2020 -
Daphne Howland/Retail Dive
American Eagle to close up to 50 stores this year, eyes hundreds more
The closures will hit the retailer's namesake brand, while the Aerie lingerie business and new activewear brand "Offline" are poised for growth.
By Daphne Howland • Sept. 10, 2020 -
Bankrupt J.C. Penney plans to sell itself to Simon and Brookfield
After weeks of talks, including "a few screaming matches" among stakeholders, the retailer unveiled a deal in principle with its landlords.
By Ben Unglesbee • Sept. 10, 2020 -
One Kings Lane workers allege furloughs were based on pregnancy
Among other things, the plaintiffs pointed to comments about "work-life balance" as evidence of the alleged discrimination.
By Lisa Burden • Sept. 10, 2020 -
Cara Salpini/Retail Dive
Lululemon to expand holiday pop-ups to 70 to ease pandemic pressure
Profits and margins shrank in Q2, but the retailer is among the few in the black, and CEO Calvin McDonald said he remains "cautiously optimistic."
By Daphne Howland • Sept. 9, 2020 -
Under Armour cuts 600 corporate jobs in latest restructuring move
The layoffs are an extension of a cost-reduction push that started this spring and was recently extended by the sports apparel brand's board.
By Ben Unglesbee • Sept. 9, 2020 -
Permission granted by At Home Group
Retail's unlikely pandemic winners
Wayfair, Overstock and At Home have made gains while much of the industry faces sales declines, layoffs and, in some cases, bankruptcy.
By Caroline Jansen • Sept. 9, 2020 -
The image by publichall is licensed under CC BY-SA 3.0
Coldwater Creek assets reportedly acquired by Hong Kong sourcing firm
The retailer's sales were on the rise going into 2020, but COVID-19 disruption led to major losses. Now it has another chance for a comeback.
By Ben Unglesbee • Sept. 9, 2020 -
In scathing rebuttal, LVMH vows countersuit against Tiffany over merger breakdown
The Parisian luxury house called the jeweler’s legal action unfounded and defamatory, and added to its rationale for ditching their $16.2 billion deal.
By Daphne Howland • Updated Sept. 10, 2020 -
Courtesy of Whole Foods Market
Whole Foods to offer pickup from nearly all of its stores by end of month
The retailer has tripled click-and-collect availability since March and intends to have the service at 480 stores within a few weeks.
By Jeff Wells • Sept. 8, 2020 -
Mall of America reportedly preps more than 200 layoffs
Owner Triple Five Group leveraged the experience-rich center to prop up its newer American Dream project, and both are stymied by the pandemic.
By Daphne Howland • Sept. 8, 2020 -
Neiman Marcus exits bankruptcy
The retailer said that its new owners understand the value of its brands and are committed to sustainability issues.
By Ben Unglesbee • Updated Sept. 28, 2020 -
Daphne Howland/Retail Dive
What's in a flagship?
A lot of retailers need to close more stores, and many are. But what about the ones meant to showcase their brands? It depends.
By Daphne Howland • Sept. 8, 2020 -
With new menswear hire, Nordstrom tackles a major weakness
Former Highsnobiety Editorial Director Jian DeLeon arrives as S&P Global Ratings downgraded the retailer, citing lasting impacts from the pandemic.
By Daphne Howland • Sept. 4, 2020 -
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
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