Financial News: Page 145
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Macy's partners with Zola on wedding registry
The move comes as the department store continues to close physical stores and rethink its digital operations.
By Tatiana Walk-Morris • Jan. 24, 2020 -
Target turns to Unilever's Sundial for exclusive beauty label
With a new haircare line for Gen Z multicultural women, the mass merchant is reaching an audience often neglected by rivals.
By Daphne Howland • Jan. 24, 2020 -
"Papyrus The Falls" by Phillip Pessar is licensed under CC BY 2.0
Debt and supplier woes send Papyrus parent into bankruptcy
The fine paper specialist went through a rapid period of expansion, fueled by leverage, ahead of a downturn in brick-and-mortar retail.
By Ben Unglesbee • Jan. 24, 2020 -
VF Corp explores sale of 9 brands
Plans to unload its occupational workwear assets come as the conglomerate reported an uncharacteristically weak quarter.
By Daphne Howland • Jan. 23, 2020 -
E-commerce could kill 30K stores and half a million jobs by 2025
A report from Euler Hermes details the destruction wrought in traditional retail as e-commerce grows, with jobs, stores and profits permanently lost.
By Ben Unglesbee • Jan. 23, 2020 -
Gap CMO exits after less than a year
Alegra O'Hare, who was tapped last February from Adidas, is leaving as the company revamps the brand's marketing role.
By Daphne Howland • Updated Jan. 24, 2020 -
Sally Beauty builds out its digital leadership team
The new hires, who are seasoned retail vets with experience at Ulta Beauty and Walmart, are part of a larger tech and social media effort for the company.
By Tatiana Walk-Morris • Jan. 23, 2020 -
Retrieved from Skims on January 22, 2020
Nordstrom to carry Kim Kardashian West's shapewear brand
The department store is delving deeper into a DTC strategy as the celebrity label is introduced to a new audience.
By Kaarin Moore • Jan. 22, 2020 -
Express to shutter 100 stores
The retailer aims to return to its former glory as a style destination with merchandise that suits today's more casual fashionistas, executives said.
By Daphne Howland • Jan. 22, 2020 -
Retrieved from Ebay on November 26, 2019
EBay lays off 102 Silicon Valley employees
Some analysts doubt the marketplace can continue to grow while losing share and point to rising competition and weak past performance.
By Daphne Howland • Jan. 22, 2020 -
Best Buy CEO to stay on after investigation
The board of directors concluded the investigation by saying it "supports the continued leadership" of CEO Corie Barry.
By Daphne Howland , Cara Salpini • Updated Feb. 5, 2020 -
Tailored Brands to sell Joseph Abboud brand for $115M
Brand management firm WHP Global will take the opportunity to expand the label globally, as the designer himself moves on.
By Daphne Howland • Jan. 21, 2020 -
Walmart's US leadership gets another shakeup
The retailer named Scott McCall as chief merchant following Steve Bratspies' departure from the company, among several other moves.
By Ben Unglesbee • Jan. 21, 2020 -
Nordstrom brings the department store into the 21st century
The retailer has constructed a diverse ecosystem in New York City. Its fate may be a test for the whole segment.
By Daphne Howland • Jan. 17, 2020 -
Papyrus parent to close all stores
The company's COO cited challenges in the retail sector and said the company had been working to avoid the outcome.
By Ben Unglesbee • Updated Jan. 17, 2020 -
Who's minding the Gap?
The apparel company halted its spinoff of Old Navy, launching a new year intact but without a CEO and other key executives.
By Daphne Howland • Jan. 17, 2020 -
Rent the Runway to sell used garments through Nordstrom Rack
The new service, called Rent the Runway Revive, is the latest expansion in an ever-growing partnership between the two companies.
By Cara Salpini • Jan. 17, 2020 -
Target CIO: Build what will provide a competitive advantage, buy the rest
"You can't go anywhere and buy Target.com off the shelf," said CIO Mike McNamara, while speaking at NRF.
By Samantha Schwartz • Jan. 17, 2020 -
Gap Inc. reverses plans to spin off Old Navy
Analysts in recent months had grown skeptical of the split, devised by former CEO Art Peck last year, and frustrated by a lack of details surrounding it.
By Daphne Howland • Jan. 16, 2020 -
Bose to close all US stores
All locations in North America, Europe, Japan and Australia will shutter, with the company citing that its products are increasingly purchased online.
By Kaarin Moore • Jan. 16, 2020 -
Payless is out of bankruptcy — again — as it eyes US market
The shoe retailer has new management, and plans to build on its international business and grow again in North America as it exits Chapter 11 a second time.
By Ben Unglesbee • Jan. 16, 2020 -
Moody's warns department stores to brace for another tough year
More stores will have to close for the sector to regain its footing, the ratings firm said Wednesday.
By Daphne Howland • Jan. 16, 2020 -
Target 'stumbled' in the holidays as sales fell short
Even as comparables missed the retailer's expectations, Target boosted sales and market share in some key categories.
By Ben Unglesbee • Jan. 15, 2020 -
Under Armour taps celebrity athletes for global ad campaign
"We want to be a really quiet company and a really loud brand," founder and executive chairman Kevin Plank said at the NRF's Big Show.
By Dianna Christie , Daphne Howland • Jan. 15, 2020 -
Express cuts 10% of corporate workforce
The apparel retailer is embarking on a new growth strategy developed under the leadership of former Macy's merchandising chief Tim Baxter.
By Daphne Howland • Jan. 15, 2020