Financial News: Page 123


  • Target will roll out fresh grocery pickup nationwide

    Following successful tests, the company will add the service to more than 400 stores by the end of this month and to 1,500 by the holidays.

    By Jeff Wells • June 25, 2020
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    Drugstores got a lift as essential retailers, but what's next?

    Analysts say CVS could benefit the most from the sales boosts in recent months as consumers flock to stores for health care and everyday items.

    By June 25, 2020
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    Daphne Howland/Retail Dive
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    Macy's slashes workforce by nearly 4K corporate employees

    "We know that we will be a smaller company for the foreseeable future," CEO Jeff Gennette said as the retailer also cut store staff, supply chain and customer support.

    By June 25, 2020
  • More Kmart, Sears stores to close

    The retailer's stores are quietly closing around the country, as it continues to shrink in an ever-more-difficult retail environment. 

    By June 25, 2020
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Tracking retail sales numbers in a pandemic

    In this episode, the team discusses how Retail Dive reports monthly sales numbers and what those figures signal about the industry's future.

    By June 25, 2020
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    Retrieved from Amazon on October 09, 2018
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    New Amazon 'counterfeit crimes unit' aims for zero fakes

    The e-commerce giant says prevention remains a priority but that its new taskforce will help it pursue civil and criminal measures against "bad actors."

    By June 24, 2020
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    Cara Salpini/Retail Dive
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    GNC files for bankruptcy, could close up to 1,200 stores

    After years of distress, the supplement retailer entered Chapter 11 with a forked plan to either sell itself or turn ownership over to lenders.

    By June 24, 2020
  • Back to school? Maybe

    As summer rolls on, the COVID-19 pandemic promises to interfere with one of retail's most important shopping seasons.

    By June 24, 2020
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    Retrieved from Walmart on May 30, 2019
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    Walmart closes some locations for 'deep cleaning'

    Employee advocates are calling for transparency as positive COVID-19 tests are disclosed among worker ranks, highlighting a challenge for retailers.

    By Updated June 24, 2020
  • J.C. Penney announces 13 additional store closures

    The plans comes less than a week after the retailer started liquidation sales at 136 locations. 

    By June 23, 2020
  • An Ann Taylor storefront in a mall
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    Cara Salpini/Retail Dive
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    Ascena to pay out millions to execs amid reports of possible bankruptcy

    The apparel retailer had cut executive pay after closing its stores in response to COVID-19. Now it's giving out cash awards to retain its top management. 

    By June 23, 2020
  • Amazon, Valentino team up in court over alleged counterfeits

    The e-commerce giant has come under fire before for the proliferation of fakes on its website, but says it will "take aggressive action."

    By June 22, 2020
  • Bed Bath & Beyond lays off hundreds of employees

    The struggling home goods retailer has filed WARN notices in Florida and New Jersey indicating more than 360 jobs will be cut effective Aug. 22.

    By June 22, 2020
  • Nordstrom is closing temporarily because of COVID-19 Concerns
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    The image by GoToVan is licensed under CC BY 2.0
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    Deep Dive

    Retailers survived the COVID-19 closures on borrowed money. Can they pay it back?

    Revolver draws, bond issues, deferred rent and vendor payments — the industry racked up a slew of new liabilities because of the pandemic.

    By June 22, 2020
  • Taubman shareholders approve Simon deal as REITs head to mediation

    The mall operators are locked in a dispute over their merger deal, which Simon has moved to terminate.

    By , Updated June 26, 2020
  • An Old Navy store, with a blue-and-white oval sign on a peaked false front, under a pale blue sky and puffy white clouds.
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    Daphne Howland/Retail Dive
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    Brookfield takes Gap Inc. to court over unpaid rent

    The move follows a lawsuit from Simon Property Group. Gap Inc. says it's working with landlords but that some stores may need to close permanently.

    By June 19, 2020
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    Courtesy of PR Newswire
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    Long Tall Sally winds down its business

    The U.K.-based women's apparel retailer, which caters to shoppers 5'8" and taller, cited the pandemic and its attendant economic uncertainty.

    By June 18, 2020
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Retail Dive
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    Neiman Marcus says it's on track to exit bankruptcy by fall

    The luxury retailer has reopened 90% of its stores in some capacity and just got court approval for hundreds of millions in new financing.

    By June 18, 2020
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    Dick's Sporting Goods debuts 2 clearance-based concepts

    The locations could help the retailer shed excess inventory in the wake of the pandemic, and also provide brand partners with an alternative to off-pricers.

    By June 17, 2020
  • Target sets $15 hourly starting wage

    The retailer is meeting a goal established three years ago, and is adding temporary pandemic-related benefits like a bonus and paid leave.

    By June 17, 2020
  • Stein Mart warns it might not survive pandemic disruption

    The discount retailer had a suitor lined up, but the deal fell apart. Now its ability to keep operating is in question as COVID-19 wreaks havoc. 

    By June 17, 2020
  • Walmart Store Exterior at Night
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    Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
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    Walmart buys medication management tech from startup CareZone

    With the purchase of CareZone's technology, patents and intellectual property, the retailer is building up its digital health capabilities.

    By Rebecca Pifer • June 16, 2020
  • Francesca's floats possibility of bankruptcy

    The apparel and accessories retailer warned that, even as some stores have reopened, the COVID-19 pandemic continues to weigh on results.

    By June 16, 2020
  • A J. Jill storefront in a mall
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    Cara Salpini/Retail Dive
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    J. Jill buys some more time with forbearance extension

    The apparel retailer's interim CEO said the company was "making progress" with lenders after breaching loan terms in June.

    By Updated July 16, 2020
  • Deep Dive

    Consumers want retailers to do the right thing

    Storytelling is how brands connect with customers. As protests lead to widespread demands for change, they must prove they're selling more than fairy tales.

    By June 15, 2020