Financial News: Page 146


  • A shelf-scanning robot at a Walmart store
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    Retrieved from Walmart on January 14, 2020
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    Walmart expands robots to 650 additional stores

    That brings the tech to 1,000 total locations, but a spokesperson noted that the company views robots as "assistants to the associates and their jobs."

    By Tatiana Walk-Morris • Jan. 14, 2020
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    National Retail Federation
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    Crate and Barrel halts holiday TV ads for the first time

    At NRF's Big Show, CEO Neela Montgomery said the retailer refocused marketing dollars on social channels like Instagram.

    By Jan. 14, 2020
  • Away founders Steph Korey and Jen Rubio
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    Courtesy of Away
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    In reversal, Away's Steph Korey to take on co-CEO role

    Former Lululemon executive Stuart Haselden was previously tapped to take over as CEO, but he will now share that responsibility with Korey.

    By Jan. 13, 2020
  • Casper
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    Courtesy of Casper
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    Casper files for IPO

    The mattress company became known for its bed-in-a-box model, and spent nearly half a billion dollars on marketing to become a known disruptor. 

    By Jan. 13, 2020
  • Athletic apparel, sports bras, sneakers, athletics retailer
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    Photo illustration by Danielle Ternes / Retail Dive, photo by Juanmonino via Getty
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    Deep Dive

    Keeping pace: A timeline of two years in athletics retail

    From major executive departures to innovative store concepts and corporate culture incidents, here are a few of the biggest recent industry events.

    By Jan. 13, 2020
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    Nordstrom
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    The comeback of the brick-and-mortar store

    A key takeaway from the NRF's Big Show is that retail's future lies squarely between four walls as customer acquisition costs mount.

    By Jan. 13, 2020
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    National Retail Federation
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    Kohl's CEO: 'Amazon is working'

    Speaking at the NRF's Big Show, Michelle Gass defended the retailer's returns partnership with the e-commerce giant after a disappointing holiday. 

    By Jan. 13, 2020
  • Party City fills CFO slot with retail vet as it tries to rebound from sluggish 2019

    Todd Vogensen, currently CFO of Chico's, will be tasked with helping the party goods chain improve its bottom line after a year of declining sales. 

    By Jane Thier • Jan. 12, 2020
  • Pier 1 downgraded by Moody's

    Just days ago the retailer signaled it could close nearly half its store fleet, though analysts question whether that's enough to stem losses.

    By Jan. 10, 2020
  • PVH completes sale of Speedo North America for $170M

    Pentland Group will now operate the Speedo business worldwide.

    By , Updated April 7, 2020
  • Target All in Motion activewear line
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    Retrieved from Target on January 10, 2020
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    Target launches private label activewear line

    The mass merchant touted the "All in Motion" brand's prices, inclusive sizing and sustainable fabrics as it takes aim at the sportswear market.

    By Jan. 10, 2020
  • WWD: Amazon to sell luxury fashion

    The high-end platform would provide a level of control not usually granted to brands, and would be a departure for the e-commerce giant.

    By Jan. 10, 2020
  • Bed Bath & Beyond to delay closure of 20 stores

    After reporting "unsatisfactory" third quarter results, the troubled retailer withdrew its full-year outlook. 

    By Jan. 9, 2020
  • Holiday sales by the numbers: Target same-store sales up 1.4%, miss estimates

    The retailer's overall sales were dragged down by comp declines in electronics and home, while toys — an important category in the period — remained flat.

    By , Updated Jan. 16, 2020
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    Lululemon
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    Lululemon names Nike veteran first chief brand officer

    Nikki Neuburger spent 14 years at the global sportswear giant and oversaw the Nike Membership division, among other things.

    By Jan. 9, 2020
  • P&G snaps up women's shaving disruptor Billie

    The CPG giant wants to invigorate its grooming business by combining consumer insights, digital capabilities and innovation with another DTC buy.

    By Robert Williams • Jan. 9, 2020
  • Court rules Walmart must pay drivers $54.6M for layover, break time

    The drivers filed a class-action suit seeking back pay for time spent in layover, on break or in inspections.

    By Matt Leonard • Jan. 9, 2020
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    Lowe's
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    Ex-Taco Bell brand chief Marisa Thalberg lands at Lowe's

    In a statement, the retailer's CEO, Marvin Ellison, called out Thalberg's expertise in building "culturally resonant brands."

    By Peter Adams • Jan. 8, 2020
  • Walgreens centers strategy on cost cuts

    The drugstore's problem lies in outdated stores, where its greatest retail strength, beauty, underperformed against the wider market.

    By Jan. 8, 2020
  • Kohl's shares downgraded by Cowen as it faces sales, margin pressures

    The department store has plenty working in its favor but plays in a troubled sector and needs to find ways to win over younger shoppers, analysts say. 

    By Jan. 8, 2020
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    Bloomscape
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    West Elm partners with DTC plant brand Bloomscape

    The collaboration marks the direct-to-consumer company's first with a major retailer and follows a late 2019 Series A funding round of $7.5 million.

    By Jan. 8, 2020
  • Macy's says it will close 29 stores

    While its holiday sales decline wasn't as steep as feared, the department store is once again reducing its fleet.

    By Jan. 8, 2020
  • Pier 1 to close up to 450 locations

    The decision to reduce its footprint by nearly half follows a report the retailer is cutting corporate staff by 40% and has drafted a bankruptcy plan.

    By Jan. 7, 2020
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    Retrieved from Target on December 06, 2019
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    Placer.ai: Target, Bed Bath & Beyond, CVS and Ulta poised to win in 2020

    Some of the strongest players in their sectors could make even more gains, while the industry watches to see if Bed Bath & Beyond can turn itself around. 

    By Jan. 7, 2020
  • Avon names new CEO

    The appointment of Angela Cretu, who has been with the company for more than 20 years, comes as Natura closed a deal to acquire the cosmetics brand.

    By Jan. 7, 2020