Financial News: Page 144


  • Express debuts DTC brand UpWest

    The new venture, which the company calls a "purpose-driven lifestyle brand" is focused on everyday casual apparel. 

    By Nov. 8, 2019
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    Flickr
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    Party City's October sales a 'disaster' with Halloween stores down 21%

    Executives said the retailer hasn't lost market share in the physical channel for costumes, but the slowdown at the company's stores was so big that might be of scant consolation. 

    By Nov. 8, 2019
  • Tommy Hilfiger to transition design process to digital

    The apparel brand has established a tech incubator dedicated to training employees on its 3D design platform.

    By Lisa Rowan • Nov. 8, 2019
  • Deep Dive

    Art Peck's abrupt exit might be Gap's last chance

    With the ouster of its CEO, the apparel giant may have thrown cold water on its plan to spin off its discount brand. What now?

    By Nov. 8, 2019
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    Shoptalk
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    Art Peck out at Gap Inc.

    The longtime CEO was set to lead the new "Gap Inc." after Old Navy spins off. Instead, Board Chairman Robert Fisher, of the founding family, takes over in the interim.

    By Updated Nov. 7, 2019
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    The RealReal
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    The RealReal defends authentication record

    The company staked its reputation on claims that no other reseller is better at fighting fakes, but an investigative CNBC report couldn't come at a worse time.

    By Updated Nov. 7, 2019
  • Ralph Lauren turns to rental, resale as turnaround sticks

    The company had a good quarter in all regions and is confident enough to begin raising prices and scaling back promotions, executives said Thursday.

    By Nov. 7, 2019
  • Debtwire: Papyrus considers store closures as it negotiates with landlords

    The paper product specialist is reportedly trying to win rent concessions from landlords as mall-based specialty retailers across the board struggle.

    By Nov. 7, 2019
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    Courtesy of Walgreens
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    Walgreens reportedly mulling massive private equity buyout

    The drugstore retailer is exploring a possible go-private deal, which would be the largest leveraged buyout in history, according to multiple media reports. 

    By Nov. 6, 2019
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    CVS will shutter 75 stores next year

    Where rivals are shuttering locations by the hundreds, CVS is trimming underperforming ones as it expands its Health Hub healthcare concept.

    By Nov. 6, 2019
  • Amazon launches Small Business Academy program

    The company will offer seminars, webinars, and community college courses for starting and growing an online business.

    By Lisa Rowan • Nov. 6, 2019
  • 5 high-profile CEO exits in retail this year

    Now, more than ever, chief executives are seen as the face of a company, and 2019 has already seen the highest number of departures on record.

    By Nov. 6, 2019
  • Pier 1 appoints Robert Riesbeck CEO

    He steps into the role at a critical time for the home goods retailer, as it faces falling sales, growing losses and a possible NYSE delisting.

    By Nov. 5, 2019
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    Birchbox
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    Birchbox to pop up in 500 Walgreens stores for the holidays

    The shop-in-shops will be positioned in a "grab-and-go holiday gifts" format and feature themed boxes, subscription gift cards, travel-sized items and more.

    By Nov. 5, 2019
  • Tapestry holds steady amid department store woes

    The accessories and apparel conglomerate is facing headwinds that include a fundamental shift in what shoppers want in their handbags.

    By Nov. 5, 2019
  • Where does Barneys go now?

    One flagship isn't going anywhere for at least a year, and that's a good sign. But its fate is now in the hands of a brand conglomerate — ​and Saks Fifth Avenue.

    By Nov. 5, 2019
  • David's Bridal cuts a deal for $55M in new capital

    The wedding apparel retailer also worked with lenders to reduce its debt as it looks to modernize operations and heal its balance sheet.

    By Updated Nov. 5, 2019
  • Barneys Madison Avenue gets a new lease on life

    New owner Authentic Brands Group agreed to keep the location open for a year as the iconic retailer begins a new phase, but liquidation sales begin this week.

    By Nov. 4, 2019
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    Kaarin Vembar/Retail Dive
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    Under Armour faces investigation into accounting practices

    Executives said they believe their actions were appropriate in response to a Wall Street Journal report that the brand made itself appear healthier.

    By Nov. 4, 2019
  • Deep Dive

    Retail fails: 6 of the biggest blunders from industry history

    Target's Canadian misadventure, the marriage of Sears and Kmart, J.C. Penney's misbegotten transformation — if only hindsight were foresight.

    By Nov. 4, 2019
  • WWD: Forever 21 shuttering all its Riley Rose beauty stores

    A notice on the beauty retailer's web page directs shoppers to a tab on the parent company's site, suggesting its products will soon be sold only online.

    By Nov. 1, 2019
  • Lululemon invests in tech fitness startup Mirror

    The tech company sells a home fitness system that displays on a full-length mirror, and has secured $72 million in financing to date.

    By Lisa Rowan • Nov. 1, 2019
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    Marcin Kempa via Unsplash
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    Price wars, investment costs dampen Moody's outlook on retail

    Analysts with the ratings firm slashed their expectations for this year's growth in profit and sales, though not all sectors are feeling the pain.

    By Nov. 1, 2019
  • B8ta snaps up $50M from investors, including Macy's

    The startup also announced the launch of Ark Marketplace, a tech platform that enables retailers to use the company's store technology. 

    By Tatiana Walk-Morris • Nov. 1, 2019
  • Rite Aid downgraded over weak market position

    As the drugstore business becomes more complex, and competitors larger, Rite Aid's regional focus leaves it without scale, Fitch analysts warned. 

    By Oct. 31, 2019