Financial News: Page
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Walmart enters Medicare broker market, threatening incumbents
The retailer plans to sell Medicare Advantage and prescription drug plans from major insurers during this year's annual enrollment period.
By Rebecca Pifer Parduhn • Oct. 8, 2020 -
House report accuses Amazon of abusing market power
In a 450-page document, a subcommittee devoted to antitrust matters suggest "structural separation" of tech giants.
By Ben Unglesbee • Oct. 7, 2020 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Pandemic stimulus delay alarms retailers as holidays loom
The president sent several confusing tweets Tuesday, hobbling renewal of a relief package that observers have credited with bolstering sales.
By Daphne Howland • Oct. 7, 2020 -
"True Religion Brand Jeans" by Mike Mozart is licensed under CC BY 2.0
True Religion exits bankruptcy
Among the first knocked into Chapter 11 by COVID-19, the denim specialist is emerging with less debt, fewer stores and a leaner business.
By Ben Unglesbee • Updated Oct. 20, 2020 -
Department stores' decade of decline
The coronavirus pandemic has worsened an existential crisis that deepened over the last 10 years.
By Daphne Howland • Oct. 7, 2020 -
Macy's invests in installment payments firm Klarna
The department store also announced a partnership with DoorDash for same-day delivery through almost 500 locations, with no minimum order.
By Daphne Howland • Oct. 6, 2020 -
Adidas coaches its suppliers in the sustainability marathon
The sportswear brand applies the 80/20 rule to reducing emissions with a focus on strategic tier 1 and 2 suppliers.
By Emma Cosgrove • Oct. 6, 2020 -
Deep Dive
17 retailers that could go bankrupt as the COVID-19 era wears on
The industry is approaching a record for filings this year, and others are still vulnerable as the economy, pandemic and retail evolution take their toll.
By Ben Unglesbee • Oct. 5, 2020 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Bankrupt Tuesday Morning is looking for buyers
The off-pricer is seeking a sale as it tries to pave a path out of Chapter 11.
By Ben Unglesbee • Oct. 5, 2020 -
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 -
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 -
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 -
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 -
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 -
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 -
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