Financial News: Page 147
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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 Ben Unglesbee • 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 Daphne Howland • Sept. 6, 2019 -
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 Daphne Howland • Sept. 5, 2019 -
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 -
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 Kaarin Moore • 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 Ben Unglesbee • 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 Daphne Howland • Sept. 5, 2019 -
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 Cara Salpini • Sept. 5, 2019 -
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 Daphne Howland • 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 Ben Unglesbee • Sept. 4, 2019 -
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 Caroline Jansen • 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 Daphne Howland • Sept. 4, 2019 -
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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • Sept. 3, 2019 -
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 Cara Salpini • 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 Ben Unglesbee • 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 Daphne Howland • Aug. 30, 2019 -
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 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 Cara Salpini • Aug. 30, 2019 -
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 Ben Unglesbee • Aug. 29, 2019 -
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 Daphne Howland • 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 Caroline Jansen • Aug. 29, 2019