Financial News: Page 143
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TJX sales soar ahead of the holidays
The off-pricer appears to be doing a better job selling department store inventory than the department stores themselves.
By Daphne Howland • Nov. 19, 2019 -
Home Depot lowers fiscal guidance, again
The home improvement retailer also missed comp sales estimates for the fourth consecutive quarter.
By Caroline Jansen • Nov. 19, 2019 -
Kohl's lowers guidance amid tepid same-store sales
The retailer may be unable to take full advantage of its traffic-boosting Amazon tie-up because its stores are underwhelming, some analysts say.
By Daphne Howland • Nov. 19, 2019 -
Patagonia opens first Worn Wear store
The outdoor retailer's resale business has opened a pop-up in Colorado, which will exclusively sell used items and products from its new ReCrafted collection.
By Cara Salpini • Nov. 18, 2019 -
Coty acquires majority stake in Kylie Jenner's beauty business for $600M
The acquisition, which includes Kylie Jenner's Kylie Cosmetics and Kylie Skin, is expected to close in the third quarter of fiscal 2020.
By Cara Salpini • Nov. 18, 2019 -
Deep Dive
3 retail turnaround success stories, and 3 turnarounds to watch
History offers good and bad news for ailing retailers: Reversing negative sales and profit trends is possible, but mostly for the strongest players in the game.
By Ben Unglesbee • Nov. 18, 2019 -
Nordstrom revamps merchandising team
After naming its first chief merchant in August, the department store is expanding a strategy first tested in Los Angeles.
By Daphne Howland • Nov. 18, 2019 -
Walmart names new Sam's Club CEO
The retailer tapped its bench of executives to fill the role, promoting Kathryn McLay from its Neighborhood Markets unit to replace John Furner.
By Ben Unglesbee • Nov. 15, 2019 -
J. C. Penney narrows loss, but comp sales drop 6.6%
The department store chain has a turnaround plan, and a "not-a-protoype" test store in Texas, but it lacks financial flexibility and time as sales tank.
By Ben Unglesbee • Nov. 15, 2019 -
Amazon brand worth more than a third of a trillion dollars
The e-commerce giant moved to the top spot from No. 3 last year, leapfrogging Apple and Google in WPP and Kantar's annual ranking of the top 100 brands.
By Daphne Howland • Nov. 15, 2019 -
Dillard's beats expectations despite steep declines
The Southern department store is among the few traditional retailers expanding its stores.
By Daphne Howland • Nov. 14, 2019 -
Walmart posts 41% online sales growth but hunts for margins
The retail giant posted another quarter of sales gains, but even its CEO noted "we need to do more and move faster" to profitably build out its digital store.
By Ben Unglesbee • Nov. 14, 2019 -
Column
SKU'd: The world doesn't need Ann Taylor
As offices get more casual, do sophisticated apparel basics even fit anymore?
By Kaarin Moore • Nov. 14, 2019 -
As Gen Z turns away from makeup, beauty braces for an ugly holiday season
Ulta Beauty and Estée Lauder faced recent stock downgrades from Piper Jaffray. Analysts expect the category to be more promotional this year.
By Cara Salpini • Nov. 13, 2019 -
Study: Injured retail workers are out an average 24 days
The most expensive injuries for retail workers involve falls or slips from ladders or scaffolding, resulting in an average payout of $21,000.
By Valerie Bolden-Barrett • Nov. 13, 2019 -
Nike to stop selling on Amazon
A company spokesperson said the brand was focused on "elevating consumer experiences through more direct, personal relationships."
By Cara Salpini • Nov. 13, 2019 -
Shoptalk invites only women to speak at its 2020 event
The group's founder said that women remain underrepresented in business and that "extreme problems require extreme solutions."
By Daphne Howland • Nov. 13, 2019 -
Overstock sales down 21% as it pulls back on marketing
The troubled e-tailer also disclosed that it has been subpoenaed by the Securities and Exchange Commission.
By Ben Unglesbee • Nov. 12, 2019 -
Alibaba smashes Singles Day record with $38.4B in sales
The shopping festival made more in 24 hours than Amazon's entire online store sales in the third quarter.
By Tatiana Walk-Morris • Nov. 12, 2019 -
Neiman Marcus cuts HQ jobs to focus on growth
The privately held retailer, which also runs Bergdorf Goodman, has work to do addressing both operational and merchandising challenges.
By Daphne Howland • Nov. 12, 2019 -
Le Tote completes Lord & Taylor acquisition
The online apparel rental service said it's the first digital native to buy an old-school brick-and-mortar retailer.
By Daphne Howland • Nov. 11, 2019 -
Destination Maternity kicked off stock exchange
The retailer, which filed for bankruptcy last month, won't fight a Nasdaq Stock Market delisting notice that goes into effect Nov. 18.
By Daphne Howland • Nov. 11, 2019 -
Deep Dive
What keeps Amazon CEO Jeff Bezos awake at night?
As the company reaches into a growing array of industry sectors, Industry Dive publications pulled together their expertise to analyze how competitors thrive amid the next wave of disruption.
By Nami Sumida • Nov. 11, 2019 -
Deep Dive
Losing to win: Why major retailers need to close more stores
That begs the industry's Goldilocks question: What size footprint is "just right"?
By Daphne Howland • Nov. 11, 2019 -
Sears disappearing act rolls on with nearly 100 new closures
The most recent wave of liquidations would leave the ailing retailer with 182 stores.
By Ben Unglesbee • Nov. 8, 2019