Financial News: Page 148
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"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Retailers edging toward the brink
They may be healthy compared to distressed peers, but there are plenty of retailers challenged by sales declines that could face deeper trouble ahead.
By Ben Unglesbee • Dec. 16, 2019 -
Trump cancels Dec. 15 China tariffs
The cancellation of tariffs on $120 billion worth of goods was anticipated, given its timing close to the holiday season and the large number of consumer products the list targeted.
By Shefali Kapadia • Dec. 13, 2019 -
J. Jill downgraded after marketing and merchandise misses drag sales
S&P Global analysts said the apparel seller's debt could become unsustainable if margins and sales continue eroding.
By Ben Unglesbee • Dec. 13, 2019 -
Kate Spade CEO to exit
Anna Bakst will leave by the end of the year as the company struggles to find its footing within the larger Tapestry conglomerate.
By Kaarin Moore • Dec. 13, 2019 -
Bonobos founder Andy Dunn to leave Walmart
The executive said on LinkedIn he would leave early next year.
By Ben Unglesbee • Dec. 12, 2019 -
The Children's Place lowers Q4 guidance
The kids apparel retailer adjusted its outlook due to "meaningfully weaker than planned mall traffic," sending shares down nearly 23%.
By Caroline Jansen • Dec. 12, 2019 -
Lululemon executes on strategic plan, with 38% men's growth
Digital comps also increased 30% and contributed $247 million to total revenue, or close to 27%.
By Cara Salpini • Dec. 12, 2019 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels downgraded after Q3 exposes 'weakening' competitive foothold
The retailer's comparable sales recently fell more than 2% as competitors across the industry try to cash in on the crafting boom.
By Ben Unglesbee • Dec. 12, 2019 -
Retrieved from Nike on December 12, 2019
Nike expands swimwear to include a swim hijab
The swimwear expansion is the brand's latest effort to reach new customers with performance-focused athletic wear.
By Tatiana Walk-Morris • Dec. 12, 2019 -
Glimmers of hope at Francesca's
Despite a rash of store closures, the retailer finally got comps into positive territory after 10 quarters of declines, and is ready for a new CEO.
By Daphne Howland • Dec. 11, 2019 -
GameStop's year gets bleaker as comps plunge 23%
The retailer's CEO said declines across its business were in line with a gaming industry stuck in transition between consoles.
By Ben Unglesbee • Dec. 11, 2019 -
Cara Salpini/Retail Dive
American Eagle bets on denim, lingerie with Aerie comps rising 20%
Fashion misses and some bad luck with the weather hurt the teen retailer in the third quarter, but mostly it's stealing share in those categories.
By Daphne Howland • Dec. 11, 2019 -
Hudson's Bay loss widens amid takeover battle
With competing take-private bids that await shareholder approval, the company says it's working to focus on its department stores and cut costs.
By Daphne Howland • Dec. 10, 2019 -
Away CEO replaced by Lululemon exec
Co-founder Steph Korey will stay on as executive chairman after exiting the role, on the heels of an investigation by The Verge into company culture.
By Cara Salpini • Dec. 10, 2019 -
Chewy posts 40% net sales growth
While the company isn't yet profitable, CEO Sumit Singh credited the sales boost in the quarter to investments in its private brands and pharmacy services.
By Caroline Jansen • Dec. 10, 2019 -
Stitch Fix hits 3.4M active clients, announces new president
The apparel styling service also reported that CFO Paul Yee is leaving the company "to pursue other career opportunities."
By Kaarin Moore • Dec. 10, 2019 -
Moody's slashes outlook for department stores — again
Retailers in the segment are struggling to match inventory with demand, and continue to lose share to off-pricers and discounters.
By Daphne Howland • Dec. 10, 2019 -
Ascena crushes profit estimates but sales still sag
Cost cuts helped push the apparel company's operating income over 30 times higher than last year, but comparable sales fell at most banners.
By Ben Unglesbee • Dec. 10, 2019 -
Travel specialist Hudson plans revamped stores, mobile app for 2020
The airport newsstand is rolling out modular walls and self-checkout as it looks to make its stores more flexible in a burgeoning market.
By Ben Unglesbee • Dec. 9, 2019 -
SEC charges former Iconix executives with fraud
The complaint against the company's former CEO and COO alleges they devised a fraudulent scheme to create fictitious revenue.
By Robert Freedman • Dec. 9, 2019 -
Kendall Davis/Retail Dive
Dive Awards
The Retail Dive Awards for 2019
From old-school retailers redefining stores, to younger brands disrupting the industry, these are the companies and executives that shaped retail this year.
By Retail Dive Team • Dec. 9, 2019 -
Dive Awards
Store Concept of the Year: Nordstrom Local
The retailer's merchandise-free concept store stands out as a smart differentiator for Nordstrom and, potentially, its savior.
By Cara Salpini • Dec. 9, 2019 -
Dive Awards
Retailer of the Year: Walmart
The retailer became the largest in the world by focusing on its core business and retail fundamentals. Why try to be something it's not at this point?
By Ben Unglesbee • Dec. 9, 2019 -
Courtesy of Kohl's
Dive Awards
Executive of the Year: Michelle Gass, Kohl's
Under its CEO, 2019 was a year of innovation for the retailer as it pushed for increased foot traffic, streamlined its supply chain and rolled out new partnerships.
By Kaarin Moore • Dec. 9, 2019 -
Dive Awards
Disruptor of the Year: ThredUp
The resale company this year has forged partnerships with traditional players like Macy's and J.C. Penney, while also investing in its digital platform.
By Caroline Jansen • Dec. 9, 2019
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