Financial News: Page 138
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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 Caroline Jansen • March 4, 2020 -
Retrieved from Amazon on March 04, 2020
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 -
Retrieved from National Retail Federation on March 03, 2020
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 Daphne Howland • March 4, 2020 -
Cara Salpini/Retail Dive
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 Cara Salpini • March 3, 2020 -
Retrieved from Target on December 06, 2019
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 Ben Unglesbee • 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 Kaarin Moore • March 3, 2020 -
Yujin Kim/Retail Dive
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 -
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 Daphne Howland • March 3, 2020 -
Permission granted by Walmart
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 Ben Unglesbee • Updated March 5, 2020 -
Retrieved from Amazon on September 17, 2019
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 Ben Unglesbee • 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 Daphne Howland • March 2, 2020 -
Permission granted by Walmart
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 Ben Unglesbee • 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 Caroline Jansen • 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 Daphne Howland • 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 Caroline Jansen • Feb. 28, 2020 -
Cara Salpini/Retail Dive
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 Cara Salpini • 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 Ben Unglesbee • 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 Ben Unglesbee • Feb. 27, 2020 -
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 Ben Unglesbee • Feb. 27, 2020 -
Courtesy of L Brands
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 Daphne Howland • 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 -
Stage Stores cuts staff, closes dozens of stores
Dozens of locations under the Gordmans banner, which the retailer has staked its future on, are closing as the company tries to rein in its finances.
By Ben Unglesbee • Feb. 26, 2020 -
Home Depot, Lowe's sales boosted by healthy housing market
Both retailers are in transformation mode, placing an emphasis on their digital operations.
By Caroline Jansen • Feb. 26, 2020 -
TJX's tear continues as Q4 sales rise 10%
The off-price retailer beat analyst and its own expectations for the quarter, setting the stage for more market share gains in 2020.
By Ben Unglesbee • Feb. 26, 2020 -
J.C. Penney's chief customer officer steps down
Shawn Gensch was on the job less than a year, and was supposed to be a "vital component" of the executive team CEO Jill Soltau built.
By Ben Unglesbee • Feb. 26, 2020
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