Financial News: Page 148
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Courtesy of Savage x Fenty
Lady Gaga, Rihanna and the Kardashians: The rise of celebrity retailers
While businesses have often seen other stores as their biggest rivals, the rich and famous are a force to be reckoned with.
By Kaarin Moore • Oct. 17, 2019 -
Consumers pull back spending in September, snapping 6-month streak
The sales decline last month was an unpleasant surprise and hardly a good sign ahead of the holidays.
By Daphne Howland • Oct. 16, 2019 -
Gymboree stages a comeback for early 2020
The Children's Place, which acquired the rights to the children's apparel brand earlier this year, will relaunch it in 200 of its stores and online.
By Caroline Jansen • Oct. 16, 2019 -
Five Below to build gaming venues attached to stores
As part of an investment in Nerd Street Gamers, a multi-store pilot of "Localhost" spaces will begin in 2020.
By Tatiana Walk-Morris • Oct. 16, 2019 -
Deep Dive
Sole survivors: 5 national chains that outlasted their peers
Being the last retailer in a category might sound like an enviable spot, but it's almost never a "safe harbor," as retail's ghosts could tell you.
By Ben Unglesbee • Oct. 16, 2019 -
Barneys could end up at Saks, WSJ reports
Authentic Brands Group is prepping a $270 million bid for the retailer's brand, which would then be licensed to its Fifth Avenue rival, the publication reported.
By Daphne Howland • Oct. 15, 2019 -
Standard Cognition buys retail tech startup DeepMagic
As competition within the cashierless technology space ramps up, the acquisition positions the company to better take on Amazon Go.
By Tatiana Walk-Morris • Oct. 14, 2019 -
Ross just made good on plans to build 100 stores in 2019
While other apparel sellers are retrenching, the off-price retailer added 42 stores in the past two months as it eyes a long-term goal of 3,000 stores.
By Ben Unglesbee • Oct. 14, 2019 -
Moody's downgrades Ascena on 'persistent execution missteps'
Analysts acknowledged the company has some strengths but noted it is trying to effect a turnaround in a sector that is under siege.
By Daphne Howland • Oct. 14, 2019 -
Deep Dive
The 'retail apocalypse' is an apparel apocalypse
Most retailers in bankruptcy, or on the brink of it, sell clothes. Maybe that's their problem.
By Daphne Howland • Oct. 14, 2019 -
The Vitamin Shoppe opens first of 5 planned experiential stores
The location offers tech features to personalize the in-store shopping experience.
By Tatiana Walk-Morris • Oct. 11, 2019 -
Walmart's topsy-turvy week ends with the exit of US chief
The leader of the retailer's domestic turnaround is handing his role to the Sam's Club chief while Walmart's digital business goes through a sharp pivot.
By Ben Unglesbee • Oct. 11, 2019 -
Victoria's Secret ushers in uncertainty amid corporate job cuts
The brand's motives for slashing some 50 positions are unclear, following an optimistic shareholders meeting just last month.
By Daphne Howland • Oct. 11, 2019 -
Kohl's CFO to retire after 2 years
The retailer has set up a smooth transition as Jill Timm, executive vice president of finance, takes over from Bruce Besanko on Nov. 1.
By Daphne Howland • Oct. 11, 2019 -
Are brighter days ahead for Bed Bath & Beyond?
Newly appointed CEO Mark Tritton brings with him expertise in merchandising and private label strategy. But it's a long road to transformation for the troubled home retailer.
By Caroline Jansen • Oct. 11, 2019 -
Victoria's Secret stores exec departs
April Holt, executive vice president of stores and store operations since 2016, was with the struggling brand in various roles for nearly 17 years.
By Daphne Howland • Oct. 10, 2019 -
Bed Bath & Beyond poaches Target exec for CEO
Mark Tritton, who previously served as executive vice president and chief merchandising officer at the mass merchant, will take the helm Nov. 4.
By Caroline Jansen • Oct. 10, 2019 -
Macy's inks deal with Potbelly for 4 in-store restaurants
The struggling department store will add outposts of the sandwich chain inside three California stores and one New York location as its foot traffic declines.
By Lauren Manning • Oct. 10, 2019 -
Target taps its bench to fill chief merchant, CFO roles
Two senior execs overseeing critical categories for the retailer are filling the void left by Mark Tritton, while a Target vet is set to succeed CFO Cathy Smith.
By Ben Unglesbee • Oct. 10, 2019 -
8 dressing rooms and what they say about the state of retail
Editor Kaarin Vembar visited a variety of fitting rooms in the Washington, D.C., area. Here's what she found.
By Kaarin Moore • Oct. 10, 2019 -
Adidas partners with Universal Standard on size-inclusive collection
The performance collection is the latest sign that merchandising for all body types is becoming a must in the apparel industry.
By Daphne Howland • Oct. 9, 2019 -
Daphne Howland/Retail Dive
Levi's opening 100 more stores as wholesale declines
Consumers are increasingly going to be able to get their Levi's directly from the brand, and they're likely to pay full price, executives said Tuesday.
By Daphne Howland • Oct. 9, 2019 -
Deep Dive
The department store of the 21st century isn't Macy's
The retailer has whittled its footprint, embraced fresh concepts and unleashed a new strategy. But the magic? It's now found elsewhere.
By Daphne Howland • Oct. 9, 2019 -
New Toys R Us turns to Target to support online sales
The resurrected toy retailer relaunched its website and packed it full of advice and tips for shoppers, but is leaving actual sales to the retail giant.
By Ben Unglesbee • Oct. 8, 2019 -
Kaarin Vembar/Retail Dive
Bonobos lays off staff amid Walmart's e-commerce reset
News of the layoffs comes on the heels of ModCloth's sale, a possible sign of a strategy shift in the retail giant's digital arm.
By Ben Unglesbee • Oct. 8, 2019
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