Financial News: Page 145


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    Brooklinen
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    Why Brooklinen won't open its first permanent store in SoHo

    CEO Rich Fulop says its Brooklyn location is one of "a lot of stores" the brand plans to open. 

    By Nov. 21, 2019
  • Target 'crushed it' in Q3 as it beat estimates

    Numbers across the board were strong, but perhaps the most impressive was a 10% increase in apparel, where the retailer is grabbing market share. 

    By Nov. 20, 2019
  • Lowe's hit with $53M charge

    The charge resulted from a strategic review of its Canadian operations, which includes shuttering 34 underperforming stores in the region.

    By Nov. 20, 2019
  • Stella & Dot partners with Nordstrom

    The move marks the first time the direct-to-consumer business will sell its goods at brick-and-mortar locations.  

    By Nov. 20, 2019
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    Kaarin Vembar/Retail Dive
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    7 major store closure announcements from 2019 and why they matter

    After a lull in 2018, retail shutterings accelerated this year. Bankruptcy liquidations were a major factor, but so were relatively healthy retailers paring their footprints. 

    By Nov. 20, 2019
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    Lululemon
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    How Lululemon's Mall of America megastore puts experiential retail on display

    Roughly 10% of the brand's stores in the future could mirror the 19,000-square-foot store, which boasts events, workout studios and a smoothie bar. 

    By Nov. 20, 2019
  • 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 Nov. 19, 2019
  • Home Depot lowers fiscal guidance, again

    The home improvement retailer also missed comp sales estimates for the fourth consecutive quarter.

    By 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 Nov. 19, 2019
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    Patagonia
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    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 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 Nov. 18, 2019
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    Best Buy
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    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 Nov. 18, 2019
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    Courtesy of Nordstrom
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    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 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 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 Nov. 15, 2019
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    Yujin Kim/Retail Dive
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    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 Nov. 15, 2019
  • Dillard's beats expectations despite steep declines

    The Southern department store is among the few traditional retailers expanding its stores.

    By Nov. 14, 2019
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    Retrieved from Walmart on May 14, 2019
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    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 Nov. 14, 2019
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    Phillip Pessar/Flickr
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    Column

    SKU'd: The world doesn't need Ann Taylor

    As offices get more casual, do sophisticated apparel basics even fit anymore?

    By 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 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 Nov. 13, 2019
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    Corinne Ruff
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    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 Nov. 13, 2019
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    Overstock
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    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 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