Financial News: Page 132
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Brick and mortar's next chapter
The pandemic is forcing retailers to finally define just what their stores are for.
By Daphne Howland • June 1, 2020 -
Daphne Howland/Retail Dive
Ulta slashes 2020 new store openings to as few as 30
The pandemic has also changed the retailer's long-term thinking about its brick-and-mortar base, thanks to the success of its e-commerce.
By Cara Salpini • May 29, 2020 -
Why the pandemic was a windfall for (some) dollar stores
Sales and profit growth at Dollar General were explosive, as customers stocked up and stayed close to home during the pandemic.
By Ben Unglesbee • May 29, 2020 -
Daphne Howland/Retail Dive
Nordstrom Q1 loss exceeds half a billion dollars
The retailer depends on physical stores to anchor its retail ecosystem, a disadvantage with locations closed due to the pandemic.
By Daphne Howland • May 29, 2020 -
Kendall Davis/Retail Dive
Podcast
The Backroom: How the coronavirus sped up retail bankruptcies
On this episode of the podcast, senior reporters Daphne Howland and Ben Unglesbee discuss how the pandemic pushed distressed retailers to file.
By Caroline Jansen • May 28, 2020 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
How Tuesday Morning went bankrupt
After more than 45 years as an off-pricer, the retailer hit the skids when COVID-19 forced its doors shut and zeroed out revenue. Now it hopes to slim down in Chapter 11.
By Ben Unglesbee • May 28, 2020 -
Rethinking the catwalk could slow down fast fashion
A movement to tear up the traditional fashion week calendar has profound implications for the apparel trade — and beyond.
By Daphne Howland • May 28, 2020 -
Daphne Howland/Retail Dive
The incredible shrinking department store
The COVID-19 pandemic has made certain that the century-old retail model will never be the same. Which ones survive, and what will they look like?
By Daphne Howland • May 28, 2020 -
Courtesy of Patrick Pfohl, Manager, GOLIN on behalf of Walmart
Walmart joins long line of retailers partnering with resale site ThredUp
The retail giant is selling the secondhand goods only online but will take returns in stores.
By Daphne Howland • May 27, 2020 -
Saks owner balks at lawsuit alleging a 'clandestine corporate shell game'
With the Canadian retail company behind on mortgage payments, lenders allege its internal restructuring raises risks to repayment on a major loan.
By Ben Unglesbee • May 27, 2020 -
Cara Salpini/Retail Dive
Does the coronavirus outbreak change who's on top in the beauty space?
Sephora and Ulta usually reign, but temporary store closures have kept their doors shut and put growth plans on the back burner.
By Cara Salpini • May 27, 2020 -
Daphne Howland/Retail Dive
Fitch downgrades Macy's on pandemic fallout into next year
The department store has decent liquidity, but analysts expect sales to remain under pressure into the holidays as the outbreak weakens consumer spending.
By Daphne Howland • May 27, 2020 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning files for bankruptcy with plans to close a third of its stores
The off-price retailer cited COVID-19 as an "insurmountable financial hurdle" that forced it into Chapter 11, though its struggles go back further.
By Ben Unglesbee • May 27, 2020 -
J.C. Penney unveils new home brand
The bedding collection launch comes just days after the retailer filed for Chapter 11 and announced plans to "offer compelling merchandise."
By Caroline Jansen • May 26, 2020 -
Retrieved from Walmart on April 10, 2019
Financial anxiety persists as health concerns ease
More U.S. consumers feel safe going to the store, and are spending on wants as well as needs. But many also worry about losing their jobs, Deloitte found.
By Daphne Howland • May 26, 2020 -
Deep Dive
Will anyone save Stage Stores from retail oblivion?
An all-in bet on off-price was derailed by a holiday miss and then the pandemic. If no one steps in to buy the retailer, it is destined for liquidation.
By Ben Unglesbee • Updated May 26, 2020 -
TJX, Ross weather the storm in Q1
Sales and profits plummeted at both off-pricers, but they're already staging a comeback, with unique advantages going forward, analysts say.
By Daphne Howland • May 22, 2020 -
Apparel's pandemic 'shock' will be felt into 2021, Moody's says
The COVID-19 crisis will tip distressed clothing and footwear retailers into default and "challenge the rest," analysts said in a recent report.
By Ben Unglesbee • May 22, 2020 -
Daphne Howland/Retail Dive
Macy's Q1 loss could top $1B
The department store badly needs to reopen, and that has begun. But with so many mall locations and wary consumers, results could remain weak.
By Daphne Howland • May 21, 2020 -
Whole Foods continues to open online-only 'dark' stores
The retailer has dedicated six locations to filling e-commerce orders amid record demand.
By Jeff Wells • May 21, 2020 -
Cara Salpini/Retail Dive
L Brands to close 250 Victoria's Secret stores
The company reiterated its commitment to separating its lingerie and personal care brands, which presented distinctly different results in the first quarter.
By Daphne Howland • May 21, 2020 -
Best Buy poised to emerge a 'winner' as it leans on curbside, digital
The retailer's online sales rose more than 155%, allowing it to hold on to most of its revenue even as stores closed during the COVID-19 crisis.
By Ben Unglesbee • May 21, 2020 -
Lime Crime hires Body Shop alum as CEO
Andrea Blieden joins the beauty brand as it focuses on innovation and tech to fuel growth.
By Tatiana Walk-Morris • May 21, 2020 -
5 retail deals that have collapsed in 2020 (so far)
Some retailers' problems can be traced back to last year. A global health crisis was just the accelerator to things falling apart.
By Kaarin Moore • May 21, 2020 -
Courtesy of Lowe's
Sales soar at Home Depot, Lowe's in Q1
The home improvement sector was a bright spot in an industry that has been hard hit by the COVID-19 pandemic.
By Caroline Jansen • May 20, 2020
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