Financial News: Page 131


  • L Brands leans on its revolver for cash as it braces for store shutdowns

    The retailer was also recently downgraded by Moody's, which warned that the divestment of Victoria's Secret takes diversity out of the company's portfolio. 

    By March 18, 2020
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's to sell Lands' End online, in stores

    The apparel company, which was once known for its association with Sears, will sell merchandise in 150 Kohl's stores starting this fall.

    By March 17, 2020
  • Retail at risk as consumers hunker down

    The industry is reeling as the U.S. takes precautions and shoppers adopt new habits. What is the new normal, and how long will it last?

    By March 17, 2020
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    Shaun Lucas/Retail Dive/Retail Dive, data from Getty Images
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    May retail sales jump 5.2% as spending normalizes

    A temporary pause on some tariffs pushed shoppers to pull forward purchases in March and April, but that behavior slowed in May.

    By Retail Dive Staff • Updated June 17, 2025
  • Ascena gives its balance sheet some relief, but analysts still expect a restructuring

    After buying back its own debt on the cheap, the distressed apparel seller maintained that it wasn't considering bankruptcy. 

    By March 17, 2020
  • Amazon hires 100K, opens 75K additional roles as COVID-19 surges demand

    E-commerce has boomed as consumers worldwide practice social distancing and self-quarantining, leading e-tailers to amp up their supply chains to cope.

    By Shefali Kapadia • Updated April 13, 2020
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    Photo illustration by Kendall Davis/Retail Dive; photograph by ozgurdonmaz via Getty Images
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    Tracking retail's response to the coronavirus

    J.C. Penney has joined the growing list of retailers requiring customers to wear masks in its stores, following Walmart, Target and others.

    By Retail Dive Staff • Updated July 23, 2020
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    Permission granted by Even Glemmestad
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    Retailers implore consumers to avoid panic buying as shelves swiftly empty

    The National Retail Federation and Retail Industry Leaders Association said supply chains are strong, and cautioned against closing stores.

    By March 16, 2020
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    Yujin Kim / Supply Chain Dive
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    Out-of-stocks surge at Amazon amid panicked shopping

    The e-commerce giant is out of some key goods and is extending shipping times as consumers stockpile amid the COVID-19 pandemic.

    By March 16, 2020
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    Gap Inc. profits plunge despite Old Navy recovery

    Outgoing CFO Teri List-Stoll said Thursday that the company is "evaluating" its namesake brand, which she said needs to "earn its way in the portfolio."

    By March 13, 2020
  • Former Toys R Us suppliers allege execs, directors took millions as retailer crumbled

    A trust representing more than 100 creditors accuses the defunct toy seller's private equity owners and managers of pervasive conflicts of interest and fraudulent behavior. 

    By March 13, 2020
  • Big Lots downgraded as competitive position weakens

    Sales fell at the discount retailer during the holidays, and now the coronavirus threatens its traffic and supply chain as it loses ground in its sector.

    By March 13, 2020
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta shutters stores shortly after cutting services, store hours

    Over the past few days, the beauty retailer’s response to the coronavirus outbreak has steadily escalated.

    By Updated March 17, 2020
  • L Brands names Les Wexner's replacement as board chair

    Sarah Nash joined the board last year, amid struggles at Victoria's Secret. A majority stake in the lingerie brand is being sold to private equity.

    By March 13, 2020
  • Retail leaders at the 2020 AAFA Executive Summit conference.
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    Kaarin Vembar/Retail Dive
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    What 5 retail industry leaders are saying about coronavirus

    While it's still not clear the total impact COVID-19 will have on retail, industry leaders met to talk about solutions and potential fallout in the sector. 

    By March 13, 2020
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    Getty Images
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    Payments and delivery drive shoppers to Amazon over DTC brands

    A new study reveals that free and fast shipping can influence purchasing decisions in favor of the e-commerce giant. 

    By Tatiana Walk-Morris • March 12, 2020
  • Party City shuffles CEOs as it tries to rebuild sales

    Jim Harrison is transitioning from chief executive to vice chairman as company president Brad Weston takes over after a year of falling sales.

    By March 12, 2020
  • Picture of Modell's storefront.
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    Kaarin Vembar/Retail Dive
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    Despite 'herculean efforts,' Modell's files for bankruptcy

    The 130-year-old sporting goods retailer will liquidate its 134 stores in Chapter 11 and is looking to sell its IP.

    By March 12, 2020
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    Retrieved from Best Buy press office on April 18, 2018
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    Hubert Joly to step off Best Buy board in June

    Widely credited with inoculating the electronics retailer against Amazon and the "retail apocalypse," Joly will stay as an adviser for at least a year.

    By March 12, 2020
  • Walmart rolls out emergency leave after associate's positive COVID-19 test

    One of the nation’s largest employers described the circumstances that will allow workers to take time off to preserve their health.

    By Katie Clarey • March 12, 2020
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    Daphne Howland/Retail Dive
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    Neiman Marcus to shutter almost all Last Call off-price stores

    The upscale retailer expects about 750 jobs will be affected as part of a turnaround that combines online and offline teams, and emphasizes full price.

    By Updated March 11, 2020
  • Target, Walmart address store sanitization as coronavirus concerns mount

    Retailers are ramping up cleaning and pick-up efforts as consumers both stockpile products and avoid stores.

    By March 11, 2020
  • A Revlon display in a store
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    "Revlon" by Mike Mozart is licensed under CC BY 2.0
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    Revlon restructuring relies on layoffs for cost reductions

    A plan to save up to $230 million by 2022 mostly comes at the expense of employees. About 60% of the savings will be the result of staff cuts in 2020.

    By March 11, 2020
  • Champion's budget C9 was previously an exclusive Target label, but is selling on Amazon instead as of March 2020.
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    Retrieved from HanesBrands on March 11, 2020
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    Champion moves its budget C9 brand to Amazon Fashion

    The HanesBrands line was previously an exclusive at Target, which has since developed its own activewear private label.

    By March 11, 2020
  • Apple lets apps send ads as push notifications

    Allowing opt-in marketing messages could help companies reach consumers amenable to push notifications, which have a low open rate due to clutter.

    By Robert Williams • March 10, 2020