Financial News: Page 145


  • 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 Jan. 24, 2020
  • A Papyrus storefront
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    "Papyrus The Falls" by Phillip Pessar is licensed under CC BY 2.0
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    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 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 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 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 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
  • Skims, Kim Kardashian West
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    Retrieved from Skims on January 22, 2020
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    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 Jan. 22, 2020
  • Express storefront at Easton Town Center in Columbus, Ohio.
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    Courtesy of Express via Businesswire
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    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 Jan. 22, 2020
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    Retrieved from Ebay on November 26, 2019
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    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 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 , 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 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 Jan. 21, 2020
  • Nordstrom's New York City flagship
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    Daphne Howland/Retail Dive
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    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 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 Updated Jan. 17, 2020
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    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 Jan. 17, 2020
  • Wide angle photo showing the interior of a storefront with seating in the foreground and clothes on hangers in the background, plus clothing shopping bags on the right for online order pickups.
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    Permission granted by Rent the Runway
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    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 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
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    Kendall Davis/Retail Dive
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    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 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 Jan. 16, 2020
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    Kaarin Vembar/Retail Dive
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    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 Jan. 16, 2020
  • A Macy's building with the word "Believe" written on it in bright lights.
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    Cara Salpini/Retail Dive
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    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 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 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 , Jan. 15, 2020
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    Express
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    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 Jan. 15, 2020