Financial News: Page 140


  • Allbirds co-founder Joey Zwillinger speaks at a store opening in Georgetown, Washington, D.C.
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    Cara Salpini/Retail Dive
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    Allbirds founder: Being a sustainable business is 'not that hard'

    At a store opening event in Washington, D.C., Joey Zwillinger sat down with Congressman Jared Huffman to talk about business and the environment.

    By March 6, 2020
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    Rent the Runway launches third subscription option

    The new plan introduces a middle level of flexibility to the company's subscription offerings, which now account for three-fourths of its business.

    By March 5, 2020
  • The impact of the coronavirus on retail

    While COVID-19 spreads globally, the retail industry braces for the outbreak's fallout. 

    By , , March 5, 2020
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    Shoptalk
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    Shoptalk postponed until September on coronavirus concerns

    In a reversal of last week's confirmation, the conference will be held in place of its sibling event, Groceryshop, which is rescheduled to spring 2021.

    By March 5, 2020
  • Exterior of Walmart store for SKU'd column.
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    The image by Mike Mozart is licensed under CC BY 2.0 / Edited by Brian Tucker/Retail Dive
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    Column

    SKU'd: Walmart regrets everything it ever purchased

    The one where a big-box retailer goes on a shopping spree, purchases a bunch of companies, then decides to drop them all.

    By March 5, 2020
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    Retrieved from Target on April 03, 2018
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    Target's tech for store-based fulfillment operations is ready to scale

    Machine learning and robotics will allow the retailer to fulfill digital orders from stores and avoid stockouts, executives detailed in an investor presentation.

    By Emma Cosgrove • March 5, 2020
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    Daphne Howland/Retail Dive
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    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
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    Courtesy of Kohl's
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    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
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    Retrieved from Target on April 03, 2018
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    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
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    Retrieved from Amazon on March 04, 2020
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    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
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    Retrieved from National Retail Federation on March 03, 2020
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    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
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    Retrieved from Target on December 06, 2019
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    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
  • A Papyrus storefront in Fashion Centre at Pentagon City
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    Cara Salpini/Retail Dive
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    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
  • 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
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    Yujin Kim/Retail Dive
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    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
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    ModCloth
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    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.
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    Permission granted by Walmart
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    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
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    Retrieved from Amazon on September 17, 2019
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    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.
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    Permission granted by Walmart
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    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