Financial News: Page 139


  • WSJ: Stage Stores mulls bankruptcy as it looks to restructure debt

    The report comes after a disappointing holiday period and as the retailer takes on an ambitious transition to off-price.

    By Updated Feb. 12, 2020
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    Ikea
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    Ikea goes after urban millennial consumers

    The Swedish furniture retailer plans to open a new concept store in Vienna, Austria. The catch? Cars aren't welcome.

    By Jan. 29, 2020
  • L Brands chief reportedly exploring sale of Victoria's Secret

    CEO Les Wexner is mulling strategic alternatives for the lingerie business and may step down from his post, according to reports.

    By Jan. 29, 2020
  • J. Crew taps Victoria's Secret vet as CEO

    Jan Singer spent two years leading the lingerie label, leaving in 2018 amid mounting struggles at that brand.

    By Jan. 29, 2020
  • Deep Dive

    Does Pier 1 still have time to save itself?

    The home goods specialist prepares to potentially close nearly half its stores amid talk of a possible bankruptcy or sale.

    By , Jan. 29, 2020
  • Interior store shot of Bath & Body Works with counters full of products.
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    Courtesy of L Brands
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    Is a Bath & Body Works split from L Brands imminent?

    Shares gained as some analysts push the company to spin off its personal care brand. Despite Gap Inc.'s botched Old Navy plan, that may be a trend.

    By Jan. 28, 2020
  • Retail M&A deals fell 19% in 2019, PwC says

    Retail disruption and trade uncertainties conspired to slow mergers and acquisitions in the industry for the year. 

    By Jan. 28, 2020
  • The Vitamin Shoppe at LA Fitness
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    Courtesy of The Vitamin Shoppe
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    The Vitamin Shoppe opens locations in LA Fitness gyms

    The wellness retailer is among the latest to engage in a store strategy with ancillary businesses to expand its reach.

    By Tatiana Walk-Morris • Jan. 28, 2020
  • Casper
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    Courtesy of Casper
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    Casper slashes IPO price

    With the revision, the direct-to-consumer mattress brand's market cap comes to about half the $1.1 billion it projected last March.

    By Updated Feb. 5, 2020
  • Deep Dive

    How off-price continues to be on point

    Nordstrom Rack now sells Rent the Runway apparel, a prime example of why this sector is poised to have yet another good year.

    By Jan. 28, 2020
  • La Senza suppliers file to put it in Ch. 7 bankruptcy

    The lingerie retailer was sold by L Brands in 2018. Less than a year later, it fell behind on tens of millions of dollars in payments, a vendor alleges. 

    By Jan. 27, 2020
  • Homeland Security vows crackdown on e-commerce counterfeiting

    In a 54-page report, the department said the problem is mounting, poses a danger to consumer health and safety, and stifles innovation.

    By Jan. 27, 2020
  • Foot Locker to launch cross-brand loyalty program

    Rewards in the revamped approach will operate across Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Eastbay and Champs Sports.

    By Jan. 27, 2020
  • Deep Dive

    The 3 most common forecasting errors retail CFOs make

    Smart investment on the planning side can help retailers better align expectations with actual sales.

    By Robert Freedman • Jan. 27, 2020
  • Macy's partners with Zola on wedding registry

    The move comes as the department store continues to close physical stores and rethink its digital operations. 

    By Tatiana Walk-Morris • Jan. 24, 2020
  • Target turns to Unilever's Sundial for exclusive beauty label

    With a new haircare line for Gen Z multicultural women, the mass merchant is reaching an audience often neglected by rivals.

    By Jan. 24, 2020
  • A Papyrus storefront
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    "Papyrus The Falls" by Phillip Pessar is licensed under CC BY 2.0
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    Debt and supplier woes send Papyrus parent into bankruptcy

    The fine paper specialist went through a rapid period of expansion, fueled by leverage, ahead of a downturn in brick-and-mortar retail. 

    By Jan. 24, 2020
  • VF Corp explores sale of 9 brands

    Plans to unload its occupational workwear assets come as the conglomerate reported an uncharacteristically weak quarter.

    By Jan. 23, 2020
  • E-commerce could kill 30K stores and half a million jobs by 2025

    A report from Euler Hermes details the destruction wrought in traditional retail as e-commerce grows, with jobs, stores and profits permanently lost.

    By Jan. 23, 2020
  • Gap CMO exits after less than a year

    Alegra O'Hare, who was tapped last February from Adidas, is leaving as the company revamps the brand's marketing role.

    By Updated Jan. 24, 2020
  • Sally Beauty builds out its digital leadership team

    The new hires, who are seasoned retail vets with experience at Ulta Beauty and Walmart, are part of a larger tech and social media effort for the company.

    By Tatiana Walk-Morris • Jan. 23, 2020
  • Skims, Kim Kardashian West
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    Retrieved from Skims on January 22, 2020
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    Nordstrom to carry Kim Kardashian West's shapewear brand

    The department store is delving deeper into a DTC strategy as the celebrity label is introduced to a new audience. 

    By Jan. 22, 2020
  • Express storefront at Easton Town Center in Columbus, Ohio.
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    Courtesy of Express via Businesswire
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    Express to shutter 100 stores

    The retailer aims to return to its former glory as a style destination with merchandise that suits today's more casual fashionistas, executives said.

    By Jan. 22, 2020
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    Retrieved from Ebay on November 26, 2019
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    EBay lays off 102 Silicon Valley employees

    Some analysts doubt the marketplace can continue to grow while losing share and point to rising competition and weak past performance.

    By Jan. 22, 2020
  • Best Buy CEO to stay on after investigation

    The board of directors concluded the investigation by saying it "supports the continued leadership" of CEO Corie Barry.

    By , Updated Feb. 5, 2020