Financial News: Page 135


  • Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Erik Nordstrom takes the reins after mixed fourth quarter

    The retailer dismantled its co-president governing structure, but is keeping control in the founding family as it expands its Local strategy.

    By March 4, 2020
  • Kohl's storefront
    Image attribution tooltip
    Courtesy of Kohl's
    Image attribution tooltip

    Kohl's traffic bumps aren't bringing the sales

    CEO Michelle Gass announced a new teen apparel private label and said similar efforts are planned to address weakness in women's.

    By March 4, 2020
  • Image attribution tooltip
    Retrieved from Target on April 03, 2018
    Image attribution tooltip

    Target plans 6K-square-foot store as it ramps up small format expansion

    The retailer is deepening its reach in urban markets while remodeling larger stores, all in an effort to boost its brick-and-mortar center of gravity.

    By March 4, 2020
  • How Stage Stores stumbled in its off-price blitz

    As late as November, sales were booming and expectations were high. Then came the holidays, bankruptcy rumors, store closures and layoffs.

    By March 4, 2020
  • Bed Bath & Beyond taps former Walgreens exec as chief merchandising officer

    Joe Hartsig, who most recently served as the drugstore's chief merchant, is Mark Tritton's first big hire since taking the helm at the home goods retailer.

    By March 4, 2020
  • A woman delivering an Amazon package
    Image attribution tooltip
    Retrieved from Amazon on March 04, 2020
    Image attribution tooltip

    Amazon launches faster same-day delivery with mini-fulfillment centers

    The new centers will enable fulfillment, sortation and delivery under one roof, allowing Amazon to bypass the traditional middle mile journey.

    By S.L. Fuller • March 4, 2020
  • Image attribution tooltip
    Retrieved from National Retail Federation on March 03, 2020
    Image attribution tooltip

    Richard Baker to take over as Hudson's Bay CEO

    Helena Foulkes arrived from CVS two years ago after the unexpected exit of Jerry Storch, and leaves the post as HBC officially goes private.

    By March 4, 2020
  • A Papyrus storefront in Fashion Centre at Pentagon City
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Paper Source acquires 30 stores from bankrupt Papyrus

    With the additions, Paper Source's U.S. store count will nearly be as large as Papyrus' was when it filed for bankruptcy in January.

    By March 3, 2020
  • Image attribution tooltip
    Retrieved from Target on December 06, 2019
    Image attribution tooltip

    Target's same-day services fuel 11th quarter of digital gains

    The retailer has expanded sales across its business, but Q4 could show the depth of retail competition and limits to its comeback efforts.

    By March 3, 2020
  • J. Crew delays proposed Madewell IPO

    The retailer showed signs of improvement, but has secured additional time to "thoroughly assess all alternatives," including the separation of its brands.

    By March 3, 2020
  • Custom illustration for Retail Dive 2020 bankruptcy tracker
    Image attribution tooltip
    Yujin Kim/Retail Dive
    Image attribution tooltip

    The running list of 2020 retail bankruptcies

    The pandemic ushered in a wave of major bankruptcies — 30 in total — as retailers struggled to pay rent, vendors and other expenses.

    By Nami Sumida • Updated Feb. 5, 2021
  • Image attribution tooltip
    ModCloth
    Image attribution tooltip

    New ModCloth owner talks post-Walmart rebound plans

    Go Global says the brand will close FitShops and its online outlet, and will instead fashion a turnaround dependent on deep knowledge of apparel retail.

    By March 3, 2020
  • Walmart parcels to be shipped by Walmart Fulfillment Services move down a conveyor belt.
    Image attribution tooltip
    Permission granted by Walmart
    Image attribution tooltip

    Walmart names new COO of e-commerce

    The promotion of SamsClub.com CEO Jamie Iannone is the latest move in a broad reorganization of the retailer's digital operations.

    By Updated March 5, 2020
  • Image attribution tooltip
    Retrieved from Amazon on September 17, 2019
    Image attribution tooltip

    Unions press FTC to investigate Amazon's market power

    In a petition, labor groups asked the agency to examine the e-commerce giant's effect on prices, competitors and workers. 

    By March 2, 2020
  • Coronavirus is already impacting malls

    The spread of COVID-19 began changing U.S. consumer habits at the end of February, and physical retailers are taking the brunt of that.

    By March 2, 2020
  • Walmart parcels to be shipped by Walmart Fulfillment Services move down a conveyor belt.
    Image attribution tooltip
    Permission granted by Walmart
    Image attribution tooltip

    Walmart's answer to Amazon Prime is in the works

    The retailer wouldn't say what perks would be offered with the program, but it represents a departure from its previous e-commerce strategy.

    By Feb. 28, 2020
  • Wayfair posts 'eyewatering' $985M loss for the year

    As the company's losses continue to grow and it shovels more money into its advertising, questions loom around the future of the business.

    By Feb. 28, 2020
  • NRF says retail sales this year could top $3.9T despite coronavirus woes

    The organization calculates growth of 3.5% to 4.1%, but some analysts warn that uncertainty around the growing pandemic could hit hard.

    By Feb. 28, 2020
  • Bed Bath & Beyond to cut 500 jobs

    The struggling home retailer plans to reduce corporate staff by 10%, a move expected to save $85 million in selling, general and administrative costs.

    By Feb. 28, 2020
  • Foot Locker storefront
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Foot Locker plans 20 new power stores and 125 remodels in 2020

    The moves are part of a $275 million investment in stores, digital and supply chain.

    By Feb. 28, 2020
  • Stage Stores' latest planned closures top 200

    As its transformation stumbles, sources estimate the retailer has cut up to 100 jobs and is eyeing a footprint nearly 30% smaller than it expected. 

    By Feb. 28, 2020
  • Best Buy posts 12th straight period of comp growth with Q4

    The electronics retailer held the line on pricing, but soft demand and coronavirus concerns could make for a slower 2020.

    By Feb. 27, 2020
  • Image attribution tooltip
    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
    Image attribution tooltip

    J.C. Penney Q4 sales down 7.7%, to close 'at least' 6 more stores

    The retailer logged positive profit and beat analyst expectations for the holiday quarter, but its turnaround still has a long way to go.

    By Feb. 27, 2020
  • Interior store shot of Bath & Body Works with counters full of products.
    Image attribution tooltip
    Courtesy of L Brands
    Image attribution tooltip

    Bath & Body Works expansion plans rattle some nerves

    L Brands' fourth quarter report revealed few surprises, but some details on its deal to sell a majority of the lingerie business exposed vulnerabilities.

    By Feb. 27, 2020
  • Walmart merges store and online buying after decades of siloed operations

    The move to unify buying across the business builds on Walmart's efforts to streamline and strengthen its omnichannel operations.

    By Emma Cosgrove • Feb. 27, 2020