Financial News: Page 132
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M.M.LaFleur opens concept shop in Washington, D.C.
"We wanted to put ourselves in front of more people," said CEO Sarah LaFleur. The next M.M. To Go stores will be in Boston and Chicago.
By Kaarin Moore • Feb. 7, 2020 -
Tapestry turns to new leadership for stalling Kate Spade, Stuart Weitzman
Holiday sales were strong, especially at Coach, but the company has been forced to lower its guidance due to the coronavirus outbreak in China.
By Daphne Howland • Feb. 6, 2020 -
Under Armour's new CEO fills out C-suite
Patrik Frisk named two company veterans to fill the roles of chief operating officer and a newly created chief experience officer position.
By Cara Salpini • Feb. 6, 2020 -
Macy's revamps private label to reach millennials
The department store is pinning an apparel comeback on hopes its own brands deliver a quarter of its sales — including four at $1 billion apiece.
By Daphne Howland • Feb. 6, 2020 -
Target journeys into Away's market with new private label luggage
The line relies on the retailer's long-time brand strategy of blending current style and low prices.
By Ben Unglesbee • Feb. 6, 2020 -
The toy category still hasn't recovered from the death of Toys R Us
Target's flattened holiday sales, as well as others' abandoned experiments, reveal a market that hasn't fully readjusted after the exit of its largest specialist.
By Ben Unglesbee • Feb. 6, 2020 -
Macy's to shutter 125 stores in massive retooling
The department store is also closing its Cincinnati headquarters, moving macys.com out of San Francisco, and cutting some 2,000 jobs.
By Daphne Howland • Feb. 4, 2020 -
La Senza denies it is insolvent as supplier tries to force Ch. 7
The Canadian lingerie retailer disputed allegations that it breached an agreement with an important vendor made after L Brands sold the company.
By Ben Unglesbee • Feb. 4, 2020 -
In largest expansion yet, Sephora to open 100 North American stores in 2020
By comparison, the beauty retailer opened 110 stores globally in 2019. This expansion, however, will focus on local communities in the region.
By Cara Salpini • Feb. 4, 2020 -
Forever 21 sale plan approved despite supplier, landlord objections
Authentic Brands Group, Simon Property and Brookfield will serve as the "dark horse" bidders with a plan to take over the retailer.
By Ben Unglesbee • Updated Feb. 5, 2020 -
Schick maker calls off Harry's merger
The grooming startup informed Edgewell that it intends to sue, which its would-be suitor told the SEC "has no merit."
By Daphne Howland • Updated Feb. 10, 2020 -
Mobile messaging firm Attentive raises $70M
CEO Brian Long stated that, "brands will be expected to engage in real-time, two-way conversations with their customers via mobile messaging."
By Tatiana Walk-Morris • Feb. 4, 2020 -
Forever 21 lands $81M bid from Simon, Brookfield, Authentic Brands
Two of the fast-fashion retailer's major landlords joined in a stalking horse bid to buy it out of bankruptcy, a plan that could salvage the retailer.
By Ben Unglesbee • Feb. 3, 2020 -
Macy's launches new store concept in Texas
"Market by Macy's" seems to differ from the department store's "Growth" effort and opens this week as the retailer ponders operating on a smaller scale.
By Daphne Howland • Feb. 3, 2020 -
Farfetch raises $250M to accelerate global growth
The investment, half of which was from Tencent, could prove useful in the luxury platform's ability to gain ground in China.
By Tatiana Walk-Morris • Feb. 3, 2020 -
Ann Taylor parent Ascena puts HQ up for sale
The apparel conglomerate continues to scramble to stem falling sales across its brands, after major operational shakeups last year.
By Daphne Howland • Updated Feb. 3, 2020 -
Levi's hopes in China stalled by coronavirus
The brand recently opened its largest Mainland store in Wuhan, the outbreak's epicenter, but is temporarily closing half its fleet in the country.
By Daphne Howland • Jan. 31, 2020 -
Stein Mart strikes deal to be taken over by private equity firm
Going private may reduce pressure on the retailer to turn itself around, but a debt-fueled buyout could be a risk.
By Ben Unglesbee • Jan. 31, 2020 -
Forever 21 looks to sell itself in bankruptcy
After initially entering Chapter 11 with plans to reorganize, the retailer started reaching out to prospective buyers last fall.
By Ben Unglesbee • Jan. 31, 2020 -
Amazon one-day delivery fuels sales boom — and shipping ambition
The e-commerce giant is once again growing a non-retail business that already gives it an edge, observers say.
By Daphne Howland • Jan. 31, 2020 -
H&M names first female CEO as top leadership shuffles
COO Helena Helmersson takes over as chief while Stefan Persson steps down as chairman and names Karl-Johan Persson to replace him.
By Ben Unglesbee • Jan. 30, 2020 -
New credit loss accounting standard expected to pummel retail income
Macy's, Kohl's and Nordstrom, which depend on their in-house card customers for sales, may be impacted most, according to Morgan Stanley analysts.
By Robert Freedman • Jan. 30, 2020 -
Sycamore interested in Victoria's Secret: WSJ
The private equity firm holds stakes in several retail companies and has an existing tie-up with an L Brands supplier.
By Daphne Howland • Jan. 30, 2020 -
Nordstrom launches resale shop 'See You Tomorrow'
The department store joins a growing list of retailers that see promise in offering customers increasingly popular resale and rental options.
By Daphne Howland • Jan. 30, 2020 -
Walmart shuffles its operations team
The changes include the departure of Mark Ibbotson, its executive vice president of central operations and realty, who pioneered the company's online grocery program.
By Krishna Thakker • Jan. 30, 2020