Financial News: Page 142


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    Cara Salpini/Retail Dive
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    Christopher & Banks, RTW top S&P list of most vulnerable retailers

    Nordstrom edged onto the list, taking the No. 15 slot, as the department store struggles to maintain sales growth.

    By Feb. 20, 2020
  • New Forever 21 owners in search of a CEO

    Authentic Brands Group and mall landlords Simon and Brookfield took over from the retailer's founders Thursday, as fast fashion falters.

    By Feb. 20, 2020
  • Nike House of Innovation New York storefront
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    Courtesy of Nike
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    Nike's new CEO shuffles C-suite

    The athletic brand gets a new COO, CFO, and president of consumer and marketplace to replace two top executives who will retire.

    By Feb. 19, 2020
  • Bed Bath & Beyond lays out $1B turnaround plan

    Last week the retailer said holiday comp sales were down 5.4% due in part to foot traffic declines. Now the retailer plans to invest up to $400 million in stores.

    By Feb. 19, 2020
  • Mattel to reduce SKUs 30% by the end of the year

    Simplifying its supply chain, which included factory closures and predictive algorithms for forecasting, resulted in $797 million in 2019 cost savings.

    By Emma Cosgrove • Feb. 19, 2020
  • A Macy's building with the word "Believe" written on it in bright lights.
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    Cara Salpini/Retail Dive
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    Macy's downgraded as 'Polaris' strategy begins

    Ratings cuts from S&P Global pushed the retailer's debt out of investment grade territory, even as analysts signaled patience with its turnaround.

    By Feb. 19, 2020
  • M.M. To Go in Union Station
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    Yujin Kim/Retail Dive
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    M.M.LaFleur pulls back on plus-size apparel

    Plus sizes make up less than 5% of the company's revenue. "We have struggled to find the reach that we had hoped for," said CEO Sarah LaFleur. 

    By Feb. 19, 2020
  • A Pier 1 store set to close
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    Cara Salpini/Retail Dive
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    Pier 1 files for Chapter 11

    The home goods retailer has already begun looking for buyers to sell itself in bankruptcy.

    By Feb. 18, 2020
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    Retrieved from Walmart on May 08, 2019
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    Walmart posts 'tepid' Q4 as toys, apparel sales fall short

    The retailer missed expectations for sales during the quarter, but executives and analysts still see a strong underlying business. 

    By Feb. 18, 2020
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    Photo by You X Ventures on Unsplash
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    Two months into 2020, 6 retailers have named or laid off a CMO

    Shuffling in the role comes after a record year of CEO departures, and includes the likes of Gap, Lululemon and Tailored Brands.

    By Feb. 18, 2020
  • Bed Bath & Beyond sells keepsakes site to 1-800-Flowers for $252M

    The struggling retailer bought PersonalizationMall.com in 2016 for $190 million. Analysts hailed the sale, and called for even more.

    By Feb. 18, 2020
  • The Body Shop to begin 'open hiring,' skipping background checks

    Under the model, job openings will be filled on a first-come, first-served basis by any applicant who meets basic requirements.

    By Ryan Golden • Feb. 18, 2020
  • Former Ascena exec named CEO of Francesca's

    Andrew Clarke spent two years at the apparel conglomerate, most recently at Loft, and takes the reins at the retail chain after a tough year.

    By Feb. 14, 2020
  • Wayfair lays off 550 employees

    The job cuts, which impact about 3% of its global workforce, come as the online home goods retailer struggles to become profitable.

    By Feb. 14, 2020
  • Rent the Runway taps former Amazon exec as chief supply chain officer

    Brian Donato previously worked at the e-commerce giant in operational roles related to returns and fulfillment. 

    By Shefali Kapadia • Feb. 14, 2020
  • Walmart to end Jet Black service

    The retail giant is pulling back on its high-end shopping service in New York and folding the technology into its broader business. 

    By Feb. 13, 2020
  • Another bleak quarter ahead for Bed Bath & Beyond

    Store traffic declines caused the struggling retailer's comparable sales to fall more than 5% in December and January.

    By Feb. 13, 2020
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's cuts 250 jobs amid restructuring

    The retailer appeared to be operating above the fray in the department store segment, but ended the year with sales and profits dipping.

    By Feb. 13, 2020
  • Plus size apparel offering at a Rue21 store location.
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    Courtesy of Rue21
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    Rue21 adds plus-size apparel to more store locations

    The teen apparel retailer is building out its extended sizes while others in the segment either disappear or face an uncertain future.

    By Feb. 13, 2020
  • Modell's works with vendors, landlords to avoid bankruptcy

    Mitchell Modell told Retail Dive the retailer has hired restructuring advisers and is turning to vendors and landlords to see it through a rough patch.

    By Feb. 12, 2020
  • Forever 21's $81M sale wins court approval

    Simon Property, Brookfield and Authentic Brands are set to take over the ailing retailer, despite objections from suppliers who say they are owed millions. 

    By Feb. 12, 2020
  • Inter Ikea Group names new CEO

    As the Swedish furniture retailer undergoes a period of transformation, it once again looked to its bench to fill a key executive role.

    By Feb. 12, 2020
  • 87% of US businesses in China expect coronavirus to impact revenue

    Companies ranging from Apple suppliers to Nissan have announced plans to temporarily pause production as a result of the virus outbreak.

    By Matt Leonard • Feb. 11, 2020
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    Under Armour weighs dropping NY flagship to focus on financials

    Opening a store on Fifth Avenue may no longer be practical as the company tries to balance costs and investments.

    By Feb. 11, 2020
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    Getty Images
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    Amazon upgraded even as it ploughs money into shipping

    The company's financial position remains strong thanks in large part to AWS, according to Moody's. 

    By Feb. 11, 2020