Financial News: Page


  • An Izod display
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    "Izod" by Mike Mozart is licensed under CC BY 2.0
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    PVH to close Heritage Brands stores, cut 450 jobs

    The mid-priced apparel brands already get 83% of their revenue from wholesale, and will permanently shut 162 company-run outlet locations.

    By July 15, 2020
  • Walmart grocery pickup for high-risk shoppers
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    Courtesy of Walmart
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    Is Walmart getting the customer it always wanted?

    Stellar results during the COVID-19 pandemic and a new loyalty membership suggest it may be. But that could hamper its "everyday low prices" promise.

    By July 15, 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
  • RTW Retailwinds' journey into bankruptcy

    After more than a century as a physical retailer, the New York & Co. brand is likely to survive only online after COVID-19 dealt a devastating blow. 

    By July 14, 2020
  • Red Ed Hardy trucker cap.
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    The image by PeakPx is licensed under CC BY 1.0
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    Iconix Brand Group considers potential sale

    The company had past success by tapping into trends that were backed by celebrities, but struggled as the department store sector declined. 

    By July 14, 2020
  • Paper Source launches subscription box and virtual learning.
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    Courtesy of Paper Source
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    Paper Source introduces subscription box, virtual craft classes

    The retailer aims to offer customers a way to keep kids and adults engaged and creative while sheltering in place.

    By Tatiana Walk-Morris • July 14, 2020
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    REI
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    REI lays off 5% of retail staff

    The 400 store workers let go come on top of 300 corporate employees laid off in April "as a result of COVID-19 revenue impacts."

    By Updated July 15, 2020
  • External shot of an Office Depot store.
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    Courtesy of Office Dept
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    Office Depot parent names former Amazon exec CTO

    Terry Leeper, who also held executive positions at Microsoft, will set the company's technical vision for the future. 

    By Tatiana Walk-Morris • July 14, 2020
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Retail Dive
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    In pandemic era, private equity-owned retail is as vulnerable as ever

    Takeovers by financial firms have dropped off, but there are many companies from past buyouts in distress now, as debt and the pandemic take their toll. 

    By July 14, 2020
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    Daphne Howland/Retail Dive
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    AAFA calls on White House to issue guidance on masks

    The American Apparel & Footwear Association has also asked state and local officials to clear up messaging around the COVID-19 prevention measure.

    By July 13, 2020
  • RTW Retailwinds files for bankruptcy

    After months of financial turmoil amid the COVID-19 pandemic, the owner of New York & Co. filed for Chapter 11 with plans to close many if not all stores.

    By July 13, 2020
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    The image by Mike Mozart and Super45 is licensed under CC BY 2.0
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    Column

    SKU'd: Does Gap have a Kanye West problem?

    From "College Dropout" to presidential hopeful. If you hitch your brand to a mercurial superstar you better be ready for the ride. 

    By July 10, 2020
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    Cara Salpini/Retail Dive
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    Muji USA files for bankruptcy

    The domestic arm of the global retailer has drawn lines to store openings. Now it's in Chapter 11 and reportedly looking to close unprofitable locations.

    By July 10, 2020
  • Nike's first Nike Rise concept store in Guangzhou, China
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    Courtesy of Nike
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    Nike opens latest store concept: Nike Rise

    The first of its kind opened in Guangzhou, China, on Thursday, and the retailer plans to expand it in 2021.

    By July 10, 2020
  • Need Supply and Totokaelo to shut down for good

    The two privately held retailers focused on millennial luxury customers and reported expansive growth in recent years, before the pandemic hit.

    By Updated July 13, 2020
  • Bed Bath & Beyond to shutter 200 stores over the next 2 years

    The permanent closures come as the home retailer reported first quarter net sales fell nearly 50% year over year to $1.3 billion.

    By July 9, 2020
  • Sur La Table storefront.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Sur La Table files for bankruptcy with plan to sell itself

    The kitchen specialist could close more than 40% of its stores in Chapter 11 as it looks to sell itself to another private equity company.  

    By July 9, 2020
  • Qurate President and CEO Mike George
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    Cara Salpini/Retail Dive
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    How COVID-19 boosted QVC, HSN and livestreaming

    As the veteran telecommerce networks adapt to the challenges of the pandemic, other brands are catching up to the future of livestreaming.

    By Tatiana Walk-Morris • July 9, 2020
  • Walgreens VillageMD primary care clinic
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    Permission granted by Walgreens
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    Walgreens invests $1B to open hundreds of primary care clinics

    The retail basic care market is still in its formative stages, but competition to quickly build market presence is stiff.

    By Rebecca Pifer Parduhn • July 9, 2020
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
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    Daphne Howland/Retail Dive
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    Levi's to cut 700 non-retail jobs as Q2 revenues plummet

    The company says it's ready for changes brought on by the pandemic, including the casualization of fashion and new consumer behaviors.

    By July 8, 2020
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    Courtesy of PR Newswire
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    Brooks Brothers files for bankruptcy, will close 51 stores

    The 202-year-old retailer, once a destination for white-collar professionals, has suffered as office garb has become more casual.

    By July 8, 2020
  • RTW Retailwinds leaves NYSE

    Earlier this week, the retailer, which is likely bound for bankruptcy, went into forbearance on its main credit line, sharpening its financial challenges.

    By July 8, 2020
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    Daphne Howland/Retail Dive
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    Bloomberg: Ascena preps bankruptcy plan that would close 1,200 stores

    The apparel retail conglomerate repeatedly said it had no plans to seek creditor protection, but the challenges of the COVID-19 era are steep. 

    By July 8, 2020
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    Daphne Howland/Retail Dive
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    How to run a store in a pandemic

    It's possible to safely operate brick-and-mortar retail, experts say. But with that comes great responsibility, and some consumers aren't making it easy.

    By July 8, 2020
  • A Gap storefront at a mall
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    Cara Salpini/Retail Dive
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    Department stores miss out on Fourth of July consumer attention

    Specialty retailers, while giving off-price retailers a run for their money, leaned on promotions to sway shoppers, according to Wedbush analysts.

    By July 7, 2020
  • Away founders Steph Korey and Jen Rubio
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    Courtesy of Away
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    Away co-founder Steph Korey will step down as co-CEO in 2020

    A company spokesperson said this "was always the succession plan" and is not related to recent social media posts from the co-founder.

    By July 7, 2020