Financial News: Page


  • A Walmart health superstore
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    Permission granted by Walmart
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    Walmart to expand health centers to Florida next year

    The retail giant has expanded its healthcare presence during the pandemic and plans to open additional clinics in Georgia this year and possibly Chicago.

    By Rebecca Pifer Parduhn • July 24, 2020
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    Courtesy of Rent the Runway
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    Rent the Runway hires new chief technology, people officers

    The appointments come after the fashion rental company's former CTO and president departed earlier this year. 

    By Tatiana Walk-Morris • July 23, 2020
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
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    Retrieved from Ebay on October 20, 2016
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    Adevinta acquires eBay Classifieds for $9.2B

    The companies said they expect to complete the deal by next year. 

    By Tatiana Walk-Morris • July 23, 2020
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    Photo by Michael Weidemann via Unsplash 

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    Retail REITs may not recover until 2022, S&P says

    Store closures, bankruptcies and wary shoppers mean cash flow disruptions for major landlords. 

    By July 23, 2020
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    "Dressbarn" by Dwight Burdette is licensed under CC BY 3.0
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    How Ascena went bankrupt

    The retailer went big in the new millennium, even as clothing sales growth shrank. Its Chapter 11 filing Thursday isn't just about the pandemic.

    By July 23, 2020
  • A Nike storefront in SoHo
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    Cara Salpini/Retail Dive
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    Nike to lay off 'at least' 500 employees at Oregon headquarters

    As part of an effort to streamline its organization, the athletics retailer will cut jobs, resulting in up to $250 million in termination costs.

    By Updated Aug. 3, 2020
  • Retailers join forces in bid to replace the plastic bag

    Target, Walmart and Kroger are part of a newly formed, $15 million "Beyond the Bag" program.

    By Sam Silverstein • July 23, 2020
  • Walmart Store Exterior at Night
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    Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
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    Walmart to close on Thanksgiving

    The retailer framed the decision to close U.S. stores on the holiday — for the first time in more than 30 years — as a gesture of thanks to employees.

    By July 22, 2020
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta to 'proactively' close 19 stores, open 30 new ones

    The retailer reduced its new store projection for the year and said it plans to take advantage of "new real estate opportunities" created by COVID-19.

    By July 22, 2020
  • A Neiman Marcus department store, surrounded by trees.
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    Daphne Howland/Retail Dive
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    Neiman Marcus launches virtual hub as customers remain wary of indoor shopping

    The 113-year-old retailer piloted remote services over a year ago, which is handy now as it works its way out of bankruptcy during a pandemic.

    By July 22, 2020
  • A Kate Spade storefront in Georgetown
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    Cara Salpini/Retail Dive
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    Tapestry CEO abruptly resigns

    CFO Joanne Crevoiserat takes over in the interim as the company works to replace Jide Zeitlin.

    By Updated July 23, 2020
  • A Sephora storefront
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    Permission granted by Sephora
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    Sephora to cut 117 jobs in restructuring

    Some of the roles come from its J.C. Penney partnership as the pandemic pushed the beauty retailer to accelerate a review of its corporate structure.

    By July 21, 2020
  • Tailored Brands to close up to 500 stores, slash corporate workforce 20%

    The Men's Wearhouse owner also announced the departure of its CFO and the creation of a new chief restructuring officer role.

    By July 21, 2020
  • Nordstrom lays off 521 in Seattle

    After closing 16 full-line stores and withholding rent, the retailer has said it's working to cut non-store expenses by 20%. 

    By July 21, 2020
  • L.L. Bean launches first wholesale partnerships

    The 108-year-old retailer is expanding its omnichannel efforts by working with Nordstrom, Staples and Midwestern sporting goods retailer Scheels.

    By July 21, 2020
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    Daphne Howland/Retail Dive
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    Retailers call on the nation's governors to mandate masks

    The lack of unified political leadership around face coverings that prevent contagion of COVID-19 is "simply irresponsible," 21 retail CEOs said Monday.

    By July 20, 2020
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Dollar Tree names new CEO

    Michael Witynski is taking on the chief executive role as the pandemic continues to drive business to the dollar store segment. 

    By July 20, 2020
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    Daphne Howland/Retail Dive
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    Bloomberg: Mall owner CBL prepping a Ch. 11 filing

    The company would be the first major mall REIT to buckle under the pressures that have been intensified by the pandemic.

    By July 20, 2020
  • The tops of two city buildings, with blue sky in between.
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    Daphne Howland/Retail Dive
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    Macy's, Neiman Marcus look to resume exec payments as department store woes continue

    One has already reinstated equity bonuses while the other is under scrutiny in bankruptcy for its cash bonus plan. 

    By July 17, 2020
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    Is the pandemic giving Gap Inc. one last chance?

    Current conditions may make it easier for the retailer to rightsize its footprint, grow its athleisure brand and boost Old Navy, Wells Fargo analysts said Friday.

    By July 17, 2020
  • Walmart, masks, COVID
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    Courtesy of Walmart corporate blog
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    Walmart to customers: Everybody must get masked

    Target is the latest to require shoppers to cover their faces in all stores, joining the retail giant, as well as Best Buy, Kohl's and Costco, among others.

    By July 16, 2020
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta launches Conscious Beauty initiative

    Starting in the fall, the beauty retailer will certify brands under various pillars, like cruelty free, vegan and sustainable packaging.

    By July 16, 2020
  • J.C. Penney to cut 1K jobs as it shrinks in bankruptcy

    As the retailer closes stores, it's letting go of corporate and other support staff, with the clock ticking on its progress through Chapter 11.

    By July 16, 2020
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Retail Dive
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    Neiman Marcus may close 4 stores for good

    The bankrupt retailer says marketing the leases is an effort to monetize their value and that it's "always assessing" its footprint to ensure that it's optimal.

    By July 15, 2020
  • The Paper Store files for bankruptcy.
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    Retrieved from The Paper Store on July 15, 2020
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    The Paper Store files for Ch. 11, plans to sell itself

    The regional gift retailer missed some of its most important sales days of the year due to COVID-19 closures.

    By July 15, 2020