Financial News: Page 147


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    Corinne Ruff
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    Target's back-to-school traffic hit 'torrid' pace in August

    Placer.ai found visits to the mass merchant spiked sharply last month, and the retailer is poised to benefit from wealthier shoppers in the long run.

    By Sept. 6, 2019
  • Macy's bets on 'Growth' stores

    By fall, the department store will have elevated 150 locations nationwide. But is that enough?

    By Sept. 6, 2019
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    Courtesy of Nordstrom
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    Nordstrom Local opens in New York

    The debut represents the intersection of two bets Nordstrom is making these days: the expansion of its store concept and its push into the Big Apple.

    By Sept. 5, 2019
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    Courtesy of Target
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    Target to suppliers: Keep tariffs to yourself

    The trade war is creating a stark contrast between which suppliers and retailers can shift the burden away from their balance sheets and which can't.

    By Emma Cosgrove • Sept. 5, 2019
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    M.M. LaFleur
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    M.M.LaFleur opens first concept store

    Unlike at the retailer's showroom spaces, customers can carry out their purchases versus waiting for them to be shipped. 

    By Sept. 5, 2019
  • Esprit ceases work with Myanmar military-linked supplier

    The fashion brand's decision follows a U.N. fact-finding mission report on the country, urging all foreign companies to scrutinize any business they conduct.

    By Emma Cosgrove • Sept. 5, 2019
  • After 'bleak' Q2, prospects dim for department stores

    Moody's lowered its outlook for the sector — bad news made worse by how expensive it's been to try to improve. 

    By Sept. 5, 2019
  • American Eagle pushes further into CBD

    CEO Jay Schottenstein said there's a lot of opportunity in beauty sales, so the teen apparel retailer is expanding an existing partnership with Seventh Sense.

    By Sept. 5, 2019
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    Kaarin Vembar/Retail Dive
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    Under Armour names new head of North America

    Stephanie Pugliese, previously CEO of Duluth Trading Company, will take over the troubled region on Sept. 16.

    By Sept. 5, 2019
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    Cara Salpini for Retail Dive
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    CEO Victor Luis is out at Tapestry

    Board Chairman Jide Zeitlin is taking over after disappointments at Kate Spade, though the company reiterated its multi-brand strategy.

    By Sept. 4, 2019
  • Walmart to stop some ammunition sales in response to shootings

    The retailer expects to lose significant market share in the category, a decision that follows shootings in its own stores.

    By Sept. 4, 2019
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    Neiman Marcus
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    Neiman Marcus ventures into the mattress space

    The luxury department store's move indicates that the already saturated category hasn't reached its peak yet.

    By Sept. 4, 2019
  • American Eagle slides despite record revenue

    Margins are under pressure, especially in denim, but executives expressed optimism as store sales performance outpaced malls.

    By Sept. 4, 2019
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    Daphne Howland/Retail Dive
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    Neiman Marcus CFO leaves after less than 18 months

    The position has been a revolving door for the department store, which also announced a new chief merchant.

    By Sept. 4, 2019
  • Stitch Fix acquires IP of wardrobe tech company Finery

    The startup fits with the styling service's focus on helping customers fill their closets, but it's not clear yet how it will be leveraged.

    By Sept. 3, 2019
  • Fred's CFO resigns

    The discount retailer has been closing stores at a rapid rate as it tries to align costs with falling sales. 

    By Sept. 3, 2019
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    Danielle Ternes for Retail Dive
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    Deep Dive

    Benchwarmers: What a decade of data says about gender equality at sportswear brands

    At the top five sportswear brands, Retail Dive found that a combined total of 23% of top executives are women and 27% of board members are women.

    By Sept. 3, 2019
  • Fitch joins S&P in downgrading J.C. Penney on turnaround uncertainty

    Analysts with the ratings agency said they expected traffic and apparel sales to continue their downward slides.

    By Updated Sept. 19, 2019
  • In challenge to CVS, Walmart to pilot healthcare store concept

    The retail giant already runs several clinics and is positioned well to expand its services at a time when Americans face mounting medical costs.

    By Aug. 30, 2019
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    Puma
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    Puma opens flagship store with sports, product tech

    Shoppers can train with soccer stars and virtually race around New York. 

    By Tatiana Walk-Morris • Aug. 30, 2019
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta lowers guidance on weak cosmetics market

    CEO Mary Dillon said cosmetics, which makes up about 50% of the retailer's business, has been "challenged" in the U.S. market lately.

    By Aug. 30, 2019
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    Stylitics
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    AI platform Stylitics raises $15M in Series B funding

    The outfitting tech company saw a 350% increase in revenue and recently added retailers Ann Taylor, Calvin Klein, Gap and Macy's.

    By Tatiana Walk-Morris • Aug. 29, 2019
  • Dollar stores in Q2: Dollar General taps new COO, Five Below eyes 150 new stores

    While Dollar General and Five Below together opened hundreds of new stores, Dollar Tree shuttered nearly 300 Family Dollar stores.

    By Aug. 29, 2019
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    Daphne Howland/Retail Dive
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    Does Le Tote hold a new beginning or the end for Lord & Taylor?

    The department store is getting its last chance from an apparel rental service. If the strange deal works, it could be a game-changer for both. But the real winner may be HBC.

    By Aug. 29, 2019
  • Williams-Sonoma pulls inventory forward to mitigate tariff impact

    CEO Laura Alber told analysts the company is also on track to move half of its production out of China by next year.

    By Aug. 29, 2019