Financial News: Page 132


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    Lululemon
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    Lululemon pushes ahead with growth plans despite coronavirus

    As a strong player in a strong sector of retail, the athletics brand isn't pulling back on its goals of doubling digital and men's by 2023.

    By March 27, 2020
  • Why isn't this store closed?

    Some retailers deeming themselves "essential" might think it's profitable to stay open during a pandemic. But they may be wrecking their reputations.

    By March 27, 2020
  • Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption

    The underlying financial position of retailers across the spectrum is at risk as retailers shutter stores en masse and face shrinking demand. 

    By March 27, 2020
  • Picture of a Build-A-Bear storefront.
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    The image by Aolden23 is licensed under CC BY-SA 3.0
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    Build-A-Bear furloughs over 90% of employees

    The retailer, with a brand based on in-store experiences for children, is unsure how many stores will reopen. 

    By March 27, 2020
  • GNC has stayed open amid confusion around 'essential' retail. Some employees feel unsafe.

    At least one state disagrees that the retailer is essential, while employees worry about the lack of sanitation supplies and social distancing at stores.

    By Updated March 27, 2020
  • B8ta announces corporate layoffs and store associate furloughs

    The company is the latest to feel workforce fallout due to the COVID-19 pandemic. 

    By Tatiana Walk-Morris • March 26, 2020
  • Modell's seeks to extend bankruptcy suspension

    Continued closures due to the coronavirus outbreak have stymied the retailer’s planned liquidation sales.

    By Updated April 21, 2020
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    Designer Brands furloughs over 80% of employees

    The footwear and accessories company is turning to e-commerce as remaining staff takes a pay cut. 

    By March 26, 2020
  • Walmart, Sam's Club offer rent relief to in-store tenants

    The corporation is also moving to pay suppliers faster as supply chains feel the impact of COVID-19.

    By March 26, 2020
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    Daphne Howland/Retail Dive
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    Macy's 'Polaris' on pause

    CEO Jeff Gennette will forgo his salary as the department store, at least for now, walks back its turnaround ambitions amid the COVID-19 pandemic.

    By March 26, 2020
  • Nike headquarters
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    Courtesy of Nike
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    Nike sees China as a 'playbook' to tackling COVID-19 in the US

    The retailer reopened its first store in Wuhan, China, last week, and said it will reopen stores in North America on a location-by-location basis.

    By March 25, 2020
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    Jeff Wells
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    Target pivots from planned investments to deal with 'unprecedented' sales surge

    Consumers stocking up amid the COVID-19 pandemic have pushed comparable sales for food and essentials up 50% at the retailer. 

    By March 25, 2020
  • 15K stores could permanently close in 2020, Coresight says

    As the coronavirus pandemic brings a "sharp shock" to retail and triggers bankruptcies, closures this year could explode past the record set in 2019.

    By March 25, 2020
  • A Pier 1 store set to close
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    Cara Salpini/Retail Dive
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    Pier 1 furloughs staff, cuts wages

    The program is an attempt to preserve the distressed retailer's liquidity as the COVID-19 outbreak takes a toll on the industry.

    By March 25, 2020
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    Under Armour product chief to step down

    Kevin Eskridge, who has been with the company for a decade and took the chief product officer post almost three years ago, leaves Aug. 15.

    By March 25, 2020
  • A small business in Portland, Maine posts a sign to customers after voluntarily shuttering during the COVID-19 pandemic.
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    Daphne Howland/Retail Dive
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    How retailers stay afloat during unprecedented mass closures

    Around 100 retailers have closed stores as the country fights a pandemic. Now plans are going out the window and profits are taking a back seat. 

    By March 25, 2020
  • A Neiman Marcus department store, surrounded by trees.
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    Daphne Howland/Retail Dive
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    Neiman Marcus mulling bankruptcy filing: Bloomberg Law

    In a statement about the report, the upscale department store said it’s "evaluating all courses of action" to preserve its financial strength.

    By Updated March 24, 2020
  • A bus stop with a bright blue sign that reads "57th Street and Broadway" sits across the street from a Nordstrom store.
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    Daphne Howland/Retail Dive
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    S&P downgrades Kohl's, Nordstrom on coronavirus-induced disruptions

    Analysts expect closed stores and a likely recession to especially weigh on department stores. Nordstrom took steps to ease that.

    By March 24, 2020
  • H&M anticipates 'tens of thousands' of layoffs

    The apparel retailer stated that temporary store closures and lower demand has "had significant negative impact on sales so far in March." 

    By March 24, 2020
  • GNC downgraded after saying it probably can't pay its debt

    S&P analysts said that the coronavirus pandemic, economic downturn and squeezed credit markets are weighing on the supplement retailer.

    By March 24, 2020
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    Daphne Howland/Retail Dive
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    How small retailers are coping with the pandemic

    Local stores are closing, without the financial cushions enjoyed by their larger rivals, and face even more unknowns in a post-COVID-19 future.

    By March 23, 2020
  • Casper
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    Courtesy of Casper
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    Casper's quarterly loss narrows after public debut

    However, the mattress brand provided weaker than anticipated first quarter earnings guidance as a result of the evolving situation around COVID-19.

    By March 23, 2020
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    Joann
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    Joann downgraded as pandemic disruption looms

    The crafting retailer joins Party City in getting downgraded into C-territory from S&P as COVID-19 takes its toll on sales.

    By March 23, 2020
  • RTW Retailwinds taps new CEO from within

    Traci Inglis arrived from TechStyle Fashion Group last June as chief marketing and customer officer and succeeds Gregory Scott.

    By March 20, 2020
  • Walmart to add another 50K employees, require associates to wear masks

    After hiring 5,000 people a day in recent weeks, the big-box retailer plans another surge of new associates as it races to meet demand.

    By , Updated April 20, 2020