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 Ben Unglesbee • March 12, 2020

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 Cara Salpini • March 12, 2020

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 Daphne Howland • 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

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 Daphne Howland • 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 Ben Unglesbee • March 11, 2020

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 Cara Salpini • March 11, 2020

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 Daphne Howland • 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

Bluestem Brands files for Ch. 11 with plans to sell itself

The owner of the Fingerhut and Blair brands was sent into bankruptcy following a downgrade, liquidity crunch and poor holiday performance. 

By Ben Unglesbee • March 10, 2020

CVS to acquire Schnucks' pharmacy business

The drug store giant will acquire and rebrand 99 Schnucks pharmacies and buy patient records from another 11 locations.

By Jeff Wells • March 10, 2020

Stitch Fix spooks investors with guidance pullback

The company is touting its option allowing customers to buy directly, but some investors worry it indicates that the business is saturated.

By Daphne Howland • March 10, 2020

Dick's Sporting Goods to cut hunt category from 440 more stores

That's on top of about 135 stores where the category has already been removed, and signals a continued departure from selling guns.

By Cara Salpini • March 10, 2020

Tapestry CEO will stick around, but Coach chief is out

It's now entirely Jide Zeitlin's project, with new leadership already at Kate Spade and Stuart Weitzman, and soon at its best performer.

By Daphne Howland • March 10, 2020

Un-Limited: How Les Wexner ruled retail for 6 decades

In a surprising turn, Wexner is leaving L Brands' board, cutting ties completely. Here's a timeline of the rise and fall of his empire.

By Daphne Howland , Kaarin Moore • Updated March 30, 2021

Art Van Furniture files for Chapter 11

After losing market share, facing traffic declines and posting negative comp sales every quarter since June 2016, the retailer filed for bankruptcy Monday.

By Caroline Jansen • March 9, 2020

Majority of CPG investments go to direct-to-consumer brands

Consumer product brands received $3.3 billion from venture capital between 2015 and 2019, according to a recent report.

By Tatiana Walk-Morris • March 9, 2020

Ross to open another 100 new stores this year

The off-price retailer is all-in on brick and mortar, opening a similar number of locations each of the past two years and continuing to shun e-commerce.

By Daphne Howland • March 9, 2020

Dillard's downgraded after a weak Q4

Sales declines are weighing on the Southern department store chain's profits, and S&P Global analysts don't expect that to change anytime soon.

By Ben Unglesbee • March 9, 2020

Art Van Furniture to close all stores

The company said it would liquidate all of its namesake, Art Van PureSleep, and Scott Shuptrine Interiors stores, as well as select Wolf Furniture stores.

By Caroline Jansen • March 6, 2020

Burlington exits e-commerce to focus on brick and mortar

The off-price retailer didn't see good economics online. Now it's plotting 54 new stores as it focuses squarely on physical retail.

By Ben Unglesbee • March 6, 2020

Lululemon says it continues to have 100% gender pay equity

The brand's promise to track its record and update those figures annually signals the issue is top-of-mind for company executives.

By Cara Salpini • March 6, 2020

Gap Inc. taps Old Navy chief as CEO

Expectations are high as Sonia Syngal takes the reins at the struggling retailer, an unsurprising if welcome move.

By Daphne Howland • March 6, 2020

Allbirds founder: Being a sustainable business is 'not that hard'

At a store opening event in Washington, D.C., Joey Zwillinger sat down with Congressman Jared Huffman to talk about business and the environment.

By Cara Salpini • March 6, 2020

Rent the Runway launches third subscription option

The new plan introduces a middle level of flexibility to the company's subscription offerings, which now account for three-fourths of its business.

By Daphne Howland • March 5, 2020