Financial News: Page 144
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Ann Taylor parent Ascena puts HQ up for sale
The apparel conglomerate continues to scramble to stem falling sales across its brands, after major operational shakeups last year.
By Daphne Howland • Updated Feb. 3, 2020 -
Levi's hopes in China stalled by coronavirus
The brand recently opened its largest Mainland store in Wuhan, the outbreak's epicenter, but is temporarily closing half its fleet in the country.
By Daphne Howland • Jan. 31, 2020 -
Stein Mart strikes deal to be taken over by private equity firm
Going private may reduce pressure on the retailer to turn itself around, but a debt-fueled buyout could be a risk.
By Ben Unglesbee • Jan. 31, 2020 -
Forever 21 looks to sell itself in bankruptcy
After initially entering Chapter 11 with plans to reorganize, the retailer started reaching out to prospective buyers last fall.
By Ben Unglesbee • Jan. 31, 2020 -
Retrieved from Amazon on September 17, 2019
Amazon one-day delivery fuels sales boom — and shipping ambition
The e-commerce giant is once again growing a non-retail business that already gives it an edge, observers say.
By Daphne Howland • Jan. 31, 2020 -
H&M names first female CEO as top leadership shuffles
COO Helena Helmersson takes over as chief while Stefan Persson steps down as chairman and names Karl-Johan Persson to replace him.
By Ben Unglesbee • Jan. 30, 2020 -
New credit loss accounting standard expected to pummel retail income
Macy's, Kohl's and Nordstrom, which depend on their in-house card customers for sales, may be impacted most, according to Morgan Stanley analysts.
By Robert Freedman • Jan. 30, 2020 -
Sycamore interested in Victoria's Secret: WSJ
The private equity firm holds stakes in several retail companies and has an existing tie-up with an L Brands supplier.
By Daphne Howland • Jan. 30, 2020 -
Daphne Howland/Retail Dive
Nordstrom launches resale shop 'See You Tomorrow'
The department store joins a growing list of retailers that see promise in offering customers increasingly popular resale and rental options.
By Daphne Howland • Jan. 30, 2020 -
Walmart shuffles its operations team
The changes include the departure of Mark Ibbotson, its executive vice president of central operations and realty, who pioneered the company's online grocery program.
By Krishna Thakker • Jan. 30, 2020 -
Layoffs hit Walmart's Allswell brand
The cuts to more than half the digitally native home brand's staff come as the retail giant restructures its broader e-commerce strategy.
By Caroline Jansen • Jan. 29, 2020 -
WSJ: Stage Stores mulls bankruptcy as it looks to restructure debt
The report comes after a disappointing holiday period and as the retailer takes on an ambitious transition to off-price.
By Ben Unglesbee • Updated Feb. 12, 2020 -
Ikea goes after urban millennial consumers
The Swedish furniture retailer plans to open a new concept store in Vienna, Austria. The catch? Cars aren't welcome.
By Caroline Jansen • Jan. 29, 2020 -
L Brands chief reportedly exploring sale of Victoria's Secret
CEO Les Wexner is mulling strategic alternatives for the lingerie business and may step down from his post, according to reports.
By Daphne Howland • Jan. 29, 2020 -
J. Crew taps Victoria's Secret vet as CEO
Jan Singer spent two years leading the lingerie label, leaving in 2018 amid mounting struggles at that brand.
By Daphne Howland • Jan. 29, 2020 -
Deep Dive
Does Pier 1 still have time to save itself?
The home goods specialist prepares to potentially close nearly half its stores amid talk of a possible bankruptcy or sale.
By Ben Unglesbee , Caroline Jansen • Jan. 29, 2020 -
Courtesy of L Brands
Is a Bath & Body Works split from L Brands imminent?
Shares gained as some analysts push the company to spin off its personal care brand. Despite Gap Inc.'s botched Old Navy plan, that may be a trend.
By Daphne Howland • Jan. 28, 2020 -
Retail M&A deals fell 19% in 2019, PwC says
Retail disruption and trade uncertainties conspired to slow mergers and acquisitions in the industry for the year.
By Ben Unglesbee • Jan. 28, 2020 -
Courtesy of The Vitamin Shoppe
The Vitamin Shoppe opens locations in LA Fitness gyms
The wellness retailer is among the latest to engage in a store strategy with ancillary businesses to expand its reach.
By Tatiana Walk-Morris • Jan. 28, 2020 -
Courtesy of Casper
Casper slashes IPO price
With the revision, the direct-to-consumer mattress brand's market cap comes to about half the $1.1 billion it projected last March.
By Caroline Jansen • Updated Feb. 5, 2020 -
Deep Dive
How off-price continues to be on point
Nordstrom Rack now sells Rent the Runway apparel, a prime example of why this sector is poised to have yet another good year.
By Daphne Howland • Jan. 28, 2020 -
La Senza suppliers file to put it in Ch. 7 bankruptcy
The lingerie retailer was sold by L Brands in 2018. Less than a year later, it fell behind on tens of millions of dollars in payments, a vendor alleges.
By Ben Unglesbee • Jan. 27, 2020 -
Homeland Security vows crackdown on e-commerce counterfeiting
In a 54-page report, the department said the problem is mounting, poses a danger to consumer health and safety, and stifles innovation.
By Daphne Howland • Jan. 27, 2020 -
Foot Locker to launch cross-brand loyalty program
Rewards in the revamped approach will operate across Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Eastbay and Champs Sports.
By Cara Salpini • Jan. 27, 2020 -
Deep Dive
The 3 most common forecasting errors retail CFOs make
Smart investment on the planning side can help retailers better align expectations with actual sales.
By Robert Freedman • Jan. 27, 2020
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