Financial News: Page 116
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J. Crew exits bankruptcy
The apparel seller's new owner sees "an immense opportunity for growth and expansion" for the company's brands.
By Ben Unglesbee • Updated Sept. 11, 2020 -
Pandemic, casualization of attire bring 'disaster' to Nordstrom in Q2
The department store's low inventory may be more a sign of pandemic-related upheaval in the supply chain than its usual tactic to protect margins.
By Daphne Howland • Aug. 26, 2020 -
Retail is 'scrambling' to keep up with accelerated disruption in the COVID-19 era
A new Moody's report estimates that 20% of mall stores could close in five years amid faster-growing online shopping.
By Ben Unglesbee • Aug. 25, 2020 -
Courtesy of PR Newswire
Anthropologie wedding brand BHLDN launches plus assortment
The retailer has joined several digital upstarts in offering extended sizes for brides and bridesmaids, a path to a greater share of a shaken market.
By Daphne Howland • Aug. 25, 2020 -
Courtesy of Nike
Report: Nike shutting down 9 wholesale accounts in shift to DTC
Among those closing are Belk, Dillard's and Zappos, according to an analyst note from Susquehanna Financial Group.
By Cara Salpini • Aug. 25, 2020 -
Daphne Howland/Retail Dive
Best Buy online comps grow 242% in Q2
While it won't last forever, working, learning and cooking at home spurred sales throughout the quarter and into the third, even when stores were closed.
By Daphne Howland • Aug. 25, 2020 -
Courtesy of Macy's
Macy's will 'reimagine' Thanksgiving Day Parade
After disrupting the department store's turnaround, the pandemic takes yet another whack at its plans this year.
By Daphne Howland • Aug. 24, 2020 -
Daphne Howland/Retail Dive
Neiman Marcus creditors are still agitating in final innings of bankruptcy
Meanwhile, the retailer's primary antagonist, hedge fund Marble Ridge Capital, is dissolving after a federal bankruptcy watchdog issued a damning report.
By Ben Unglesbee • Aug. 24, 2020 -
Amazon retail chief to retire
Jeff Wilke has spent more than two decades at the e-commerce giant, and was widely viewed as a possible successor to Jeff Bezos as CEO.
By Daphne Howland • Aug. 24, 2020 -
Sally Beauty, CosmoProf launch accelerator for women-owned brands
Four brands will receive online distribution and a virtual boot camp focused on merchandising, social media, marketing and e-commerce.
By Tatiana Walk-Morris • Aug. 24, 2020 -
S&P: Foot traffic to shopping centers reaching pre-pandemic levels
Foot traffic analysis is mixed, with outlet centers performing much better, while other data firms show traffic remains broadly depressed.
By Ben Unglesbee • Aug. 21, 2020 -
Inventory disruption roils TJX, Ross in Q2
But the off-price pipeline is relatively easy to restore, and the sector remains among the best positioned in retail, analysts say.
By Daphne Howland • Aug. 21, 2020 -
Estée Lauder will close up to 15% of its stores, exit some department stores
The beauty giant announced a pandemic-related restructuring plan that shifts its priorities toward digital and away from unproductive locations.
By Cara Salpini • Aug. 21, 2020 -
Toys R Us online sales now supported by Amazon
The e-commerce giant has taken over a role that Target stepped into during the holiday period last year.
By Ben Unglesbee • Aug. 21, 2020 -
Lord & Taylor to liquidate 5 more stores
As they expand the number of permanent closures, owner Le Tote and its department store business said they continue to review offers for a sale.
By Daphne Howland • Aug. 20, 2020 -
Modell's brand sold to owner of Dressbarn, Pier 1 IP
The sporting goods retailer's trademarks and other assets sold for $3.6 million after it filed for bankruptcy and moved to liquidate its stores.
By Ben Unglesbee • Aug. 20, 2020 -
L Brands warns that the holidays could be tough this year
The company also said it has hired bankers for advice on its work in separating Victoria's Secret from its better-performing Bath & Body Works business.
By Daphne Howland • Aug. 20, 2020 -
Amazon to turn former Lord & Taylor flagship into Manhattan tech hub
The deal is part of an initiative that includes investing more than $1.4 billion on its new offices and adding 3,500 jobs.
By Tatiana Walk-Morris • Aug. 20, 2020 -
Daphne Howland/Retail Dive
Gap San Francisco flagship to close permanently
The store in the city's historic Flood Building, and another in the Embarcadero Center, won't be spared the retailer's tough fleet reductions.
By Daphne Howland • Aug. 20, 2020 -
Daphne Howland/Retail Dive
CBL plans to file for bankruptcy by October after deal with lenders
The mall REIT came to an agreement with bondholders that would cut some $900 million in debt as it looks to restructure in the COVID-19 era.
By Ben Unglesbee • Aug. 20, 2020 -
A look back at the long history of Lord & Taylor
The 21st century hasn't been kind to the oldest department store in the U.S.
By Daphne Howland • Updated Aug. 31, 2020 -
Courtesy of Lowe's
Lowe's, Home Depot continue winning streak into Q2
The pandemic has fueled increased sales in the sector as more consumers spend a disproportionate amount of time at home.
By Caroline Jansen • Aug. 19, 2020 -
Courtesy of PR Newswire
Long Tall Sally snapped up by UK apparel conglomerate
North American fans of the apparel brand for taller customers already provide half its sales, and new owner AK Retail says it will focus on the region.
By Daphne Howland • Aug. 19, 2020 -
Retrieved from Target on December 06, 2019
Target posts blowout Q2 with help from 273% growth in same-day services
The mass merchant set records for sales and profits and shattered all expectations as it leaned on store fulfillment and digital channels.
By Ben Unglesbee • Aug. 19, 2020 -
Barnes & Noble wants to be a great bookseller again
The company, now in private hands, is taking a page from the independent bookstores across the U.S. that remain undaunted by Amazon.
By Daphne Howland • Aug. 19, 2020
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