Financial News: Page 113
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Courtesy of Walmart corporate blog
Walmart+ drops free shipping minimum
The retail giant still requires at least a $35 order for store-based same-day grocery delivery for members, who pay about $100 each year.
By Daphne Howland • Dec. 2, 2020 -
Courtesy of Business Wire
Sephora to open 850 Kohl’s shop-in-shops in break with J.C. Penney
By 2023, the beauty retailer will be winding down its partnership with one department store and ramping up its deal with another.
By Cara Salpini • Dec. 1, 2020 -
Courtesy of Under Armour
Under Armour, Steph Curry launch brand
Innovative footwear, apparel and accessories are features of the collection, with a focus on expanding sports participation for underserved kids.
By Daphne Howland • Dec. 1, 2020 -
Retrieved from Walmart on June 06, 2017
Walmart to lay off more than 1,200 in omnichannel reorganization
The retailer announced in July layoffs were imminent. Execs said new supply chain positions would open as it moves to blend store and online operations.
By Emma Cosgrove • Dec. 1, 2020 -
Sycamore snaps up Ann Taylor, other remaining Ascena brands for $540M
The private equity firm is taking on the largely mall-based brands at a time when the pandemic has further weakened traffic and apparel demand.
By Daphne Howland • Updated Dec. 10, 2020 -
Courtesy of Nordstrom
Anniversary Sale lifts Nordstrom in Q3
The pandemic has forced alterations to its market strategy, but analysts increasingly see the department store as having the best long-term potential.
By Daphne Howland • Nov. 30, 2020 -
Winners and losers of Black Friday 2020
Online sales, curbside and store pickup all surged as a sales event defined by the pandemic took shape.
By Ben Unglesbee • Nov. 28, 2020 -
Getty Images
Black Friday 2020 online sales on pace to grow as much as 42%
While COVID-19 rages across the U.S., consumers are staying home — but still shopping.
By Ben Unglesbee • Nov. 27, 2020 -
Daphne Howland/Retail Dive
For some apparel retailers, Q3 was a comeback quarter
The pandemic has complicated an already tough market, but a few players managed to get it right in the period.
By Daphne Howland • Nov. 25, 2020 -
Cara Salpini/Retail Dive
Victoria's Secret lingerie chief out
John Mehas had led the faltering business since February 2019 and has been replaced by L Brands' international business chief, Martin Waters.
By Daphne Howland • Nov. 25, 2020 -
Daphne Howland/Retail Dive
Dick’s plans new outdoor concept, Public Lands, for 2021 launch
The retailer plans to open two new stores under the banner next year as it chases campers and kayakers in the COVID-19 era.
By Ben Unglesbee • Nov. 25, 2020 -
J. Crew CEO exits
Jan Singer is leaving, and current Madewell executive Libby Wadle will be stepping into the role — the third executive to take the spot in three years.
By Kaarin Moore • Nov. 25, 2020 -
Courtesy of Target
‘Are there bolder moves we can take?’: Ulta president talks Target partnership
Dave Kimbell discusses how the beauty retailer decided on square footage, the number of stores and representing the true experience in a small space.
By Cara Salpini • Nov. 25, 2020 -
How Guitar Center went from jukebox hero to latest pandemic bankruptcy
For years the musical equipment retailer struggled under debt from a private equity buyout. Can Chapter 11 help it turn things around?
By Ben Unglesbee • Nov. 24, 2020 -
Courtesy of Walgreens
Walgreens revamps app, loyalty program
Mobile users can now chat with a pharmacist, book medical care and vaccination appointments and obtain real-time flu alerts.
By Kaarin Moore • Nov. 24, 2020 -
Dick's CEO Ed Stack to step down in February
Company veteran Lauren Hobart, who joined the company as chief marketing officer in 2011, will take over the top spot.
By Cara Salpini • Nov. 24, 2020 -
Best Buy posts 'blockbuster' Q3 with digital sales up nearly 175%
The electronics retailer has kept up its winning streak amid the pandemic, while its growth bodes well for the U.S. consumer.
By Ben Unglesbee • Nov. 24, 2020 -
Retrieved from Walmart on May 14, 2019
Walmart adds to its last-mile arsenal with acquisition of startup assets
The retailer will purchase select properties, including talent and technology, from peer-to-peer delivery firm JoyRun.
By Jeff Wells • Nov. 24, 2020 -
Courtesy of Amazon
With relatively few stores, Amazon touts holiday pickup options
The e-commerce giant is suddenly at something of a disadvantage as fulfillment promptness remains a worry.
By Daphne Howland • Nov. 23, 2020 -
Courtesy of Ugg / Evan Joseph
Ugg opens first flagship in NYC
The retailer will open a fleet of flagship stores internationally starting in 2021.
By Kaarin Moore • Nov. 23, 2020 -
Why off-price won't change much, even after a pandemic
With apparel sales sliding and e-commerce more important than ever, these retailers were expected to scramble. Their third quarter showed otherwise.
By Daphne Howland • Nov. 23, 2020 -
Lululemon names new CFO
Meghan Frank has served as co-CFO in the interim since April, and her appointment comes shortly after several exec moves in October.
By Cara Salpini • Nov. 20, 2020 -
Retrieved from Caleres on November 20, 2020
Caleres to close 133 Naturalizer stores in shift to digital
Hit by the pandemic, many of the locations under the women's footwear brand had become unprofitable, while more sales were originating online.
By Ben Unglesbee • Nov. 20, 2020 -
Ross keeps customers coming to stores in steady Q3
Profits declined more than 64%, but the off-price retailer stayed in the black and even bested its rivals despite having no e-commerce.
By Daphne Howland • Nov. 20, 2020 -
Cara Salpini/Retail Dive
Victoria's Secret rebound lifts L Brands as Q3 profits soar
While Bath & Body Works for several quarters seemed to be the retailer's only hope, its lingerie brand's new strength is poised to change that narrative.
By Daphne Howland • Nov. 19, 2020
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