Financial News: Page 144
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H&M's fresh strategy ushers in first profit growth in 2 years
The fast-fashion retailer is opening fewer stores, fueling e-commerce and doubling down on sustainability — and shoppers also like the clothes.
By Daphne Howland • Oct. 3, 2019 -
Bed Bath & Beyond raises expected closures to 60
The closures will include shuttering 40 of its namesake stores and 20 from its other banners.
By Caroline Jansen • Oct. 3, 2019 -
Hill City to sell in 7 Athleta stores
Gap, Inc.'s younger men's athletics brand is also opening its first physical location through a pop-up in the San Francisco area.
By Cara Salpini • Oct. 3, 2019 -
Simon deepens digital dive through co-venture with Rue La La owner
The partnership combines the online platforms of the two companies and is expected to quickly top $1 billion in sales.
By Ben Unglesbee • Oct. 2, 2019 -
Dick's Sporting Goods to sell 8 Field & Stream stores
Sportsman's Warehouse is set to acquire the locations, constituting another move away from hunting for the athletics retailer.
By Cara Salpini • Oct. 2, 2019 -
Stitch Fix falls on lowered expectations
CEO Katrina Lake brushed aside the idea that Amazon's new styling service makes it more threatening to her company.
By Daphne Howland • Oct. 2, 2019 -
Deep Dive
These 28 retailers could go bankrupt in the next year
That figure is more than double Retail Dive's past watch lists, which are based on our analysis of CreditRiskMonitor data.
By Ben Unglesbee • Oct. 2, 2019 -
CCIM Institute: The state of retailing in 2025
Expect more partnerships with hotels, pressure on supply chains and multiuse redevelopments to retail spaces, according to Chief Economist K.C. Conway.
By Ben Unglesbee • Oct. 1, 2019 -
Deep Dive
What's missing from Forever 21's bankruptcy plans
The fast-fashion retailer looks to rebound from Chapter 11 by staying true to its roots. But is that the right play?
By Daphne Howland • Oct. 1, 2019 -
Forever 21 files for bankruptcy with plans to close up to 178 stores
The fast-fashion retailer is using the court process to rightsize its business just as the holiday season is set to commence.
By Daphne Howland • Sept. 30, 2019 -
Bed Bath & Beyond adds experiences to wedding registries
The retailer partnered with VEBO to offer couples the option to add things like wine tastings and spa trips to their gift lists.
By Lisa Rowan • Sept. 30, 2019 -
Moody's splashes cold water on Madewell IPO
Solving J. Crew's debt crisis with the proceeds from an IPO of the smaller denim business may not bode well for either brand.
By Daphne Howland • Sept. 30, 2019 -
Deep Dive
Is Amazon on a collision course with the government?
As investigations into the e-commerce giant's marketplace and competitive practices heat up, it faces a heightened risk of antitrust litigation.
By Ben Unglesbee • Sept. 30, 2019 -
Bloomberg: Walmart fielding interest in JetBlack
The retail giant is talking with parties about potentially partnering with the unit or buying it outright.
By Ben Unglesbee • Sept. 27, 2019 -
Photo by Mike C. Valdivia on Unsplash. (N/A). "Mike C. Valdivia New York skyline photo" [Photograph]. Retrieved from https://unsplash.com/photos/kZokA2VTKn4.
NYC retail vacancies doubled over 10 years
Rent spikes and red tape are pushing retailers out, and are especially devastating to mom-and-pop stores, according to the city's comptroller.
By Daphne Howland • Sept. 26, 2019 -
Lululemon to shutter Ivivva brand by mid-2020
The retailer will wind down the kids business, including its online presence and seven physical locations, a spokesperson said.
By Cara Salpini • Sept. 26, 2019 -
New Rite Aid CEO 'optimistic about our future' as profits beat estimates
Just a few weeks into the job, Heyward Donigan struck an upbeat note while also pointing to the "urgency" in executing on a new strategic plan.
By Ben Unglesbee • Sept. 26, 2019 -
Pier 1 to close at least 70 stores as loss doubles
The distressed retailer could face even more closures — up to 15% of its portfolio, or more than 140 locations — if it can't improve its performance.
By Caroline Jansen • Sept. 26, 2019 -
Ikea plots new store concept in Queens
The store is the Swedish furniture retailer's third location in New York City, coming after the opening of its urban planning studio in April.
By Caroline Jansen • Sept. 26, 2019 -
EBay CEO steps down
Devin Wenig's departure, which comes amid a strategic and operational review, was due to "a number of considerations," the company's chairman said.
By Ben Unglesbee • Sept. 25, 2019 -
Amazon launches virtual medical clinic for Seattle employees
The trial, called Amazon Care, includes in-person followup doctor visits at an employee's home or office, along with at-home prescription drug delivery.
By Rebecca Pifer • Sept. 25, 2019 -
Gap Inc. poaches Sephora exec for Athleta's new CEO
Mary Beth Laughton previously held leadership roles at Nike as well, and seems adept at stoking e-commerce.
By Kaarin Moore • Sept. 25, 2019 -
Nike posts 'rock-solid' Q1 with strong women's, digital sales
Despite looming tariffs, CEO Mark Parker expressed confidence that the brand has "a lot of levers we can work with."
By Cara Salpini • Sept. 25, 2019 -
Marshalls introduces e-commerce store with interactive features
The move allows the off-price retailer to grab a share of the e-commerce market as consumer shopping behavior shifts online.
By Tatiana Walk-Morris • Sept. 25, 2019 -
Best Buy aims for $50B in revenue in 2025
The retailer also plans to cut $1 billion in costs, positioning itself to carry on "as one of the top performers in US retail," Moody's said.
By Daphne Howland • Sept. 25, 2019