Financial News: Page 112
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J. Crew parent faces uncertainty post-bankruptcy, says S&P Global
Fragility in the apparel market and the ongoing pandemic threaten to derail the larger namesake brand and Madewell alike, despite a lighter debt load.
By Daphne Howland • Oct. 5, 2020 -
Ghosts, ghouls and social distancing: A fractured Halloween haunts Party City
Consumers aren't abandoning the holiday, but they are celebrating it — and shopping — differently this year. What does that mean for specialists?
By Ben Unglesbee • Oct. 5, 2020 -
Daphne Howland/Retail Dive
S&P Global Ratings sees slow recovery ahead for Neiman Marcus
The pandemic and the recession threaten to undermine the department store retailer's recovery well into next year, according to a note released Thursday.
By Daphne Howland • Oct. 2, 2020 -
Walmart sells majority stake in Asda
The sale, which went through numerous hurdles over the past two years, allows the retailer to focus on its U.S. operations.
By Jeff Wells • Oct. 2, 2020 -
Courtesy of Walmart corporate blog
Study: 11% of U.S. shoppers have signed up for Walmart+
Research firm Piplsay also found that 19% of consumers said they migrated from Amazon Prime to Walmart's subscription service.
By Jessica Dumont • Oct. 2, 2020 -
Courtesy of Whole Foods
Nearly 20K US Amazon workers test positive for coronavirus
The e-commerce giant called on other companies to reveal their infection rates, while a major labor union slammed the outcome as a failure to protect workers.
By Daphne Howland • Oct. 2, 2020 -
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 -
Courtesy of Walmart
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 -
Courtesy of Powell's Books
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 -
Retrieved from Walmart on May 30, 2019
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 -
Daphne Howland/Retail Dive
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 -
Cara Salpini/Retail Dive
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 -
Courtesy of Patagonia Works
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 -
Courtesy of Target
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
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