Financial News: Page 149
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RTW to shutter up to 30 stores in coming weeks
The retailer formerly known as New York & Co. is struggling in a highly challenged segment that is particularly tough for mid-priced apparel.
By Daphne Howland • Dec. 6, 2019 -
Macy's launches SoGifted shop to highlight female entrepreneurs
The offering can be found at seven locations during the holidays, and comes in the midst of leadership changes at the department store.
By Tatiana Walk-Morris • Dec. 6, 2019 -
Debtwire: Pier 1 hires financial advisers
With cash dwindling, investors have been "on edge" about the home good retailer's ability to repay its debt, which as of Aug. 31, stands at $258.9 million.
By Caroline Jansen • Dec. 6, 2019 -
Courtesy of Ulta
Ulta says makeup headwinds are here for 'a while'
Despite a weak cosmetics market in the U.S., CEO Mary Dillon highlighted growth in categories like skincare, which is helping the retailer adapt.
By Cara Salpini • Dec. 6, 2019 -
Retrieved from Target on December 06, 2019
Target deepens NYC presence with Times Square store plans
Set for 2022, the location will be the retailer's 10th in Manhattan as the company continues betting on its successful small-format stores.
By Ben Unglesbee • Dec. 6, 2019 -
Dollar stores blaze ahead in Q3 with sector opening more than 1,000 new stores
Dollar General, Five Below and Dollar Tree all pushed their sales forward in the period as they tested new merchandising initiatives, including pricier products.
By Ben Unglesbee • Dec. 5, 2019 -
Tiffany shrugs off declines with LVMH in the wings
With the French conglomerate poised to take on the jeweler's challenges, executives and analysts took a breath despite a disappointing third quarter.
By Daphne Howland • Dec. 5, 2019 -
Rent the Runway partners with W Hotels
The clothing rental company will supply a travel wardrobe to guests upon their arrival at the luxury hotels.
By Kaarin Moore • Dec. 5, 2019 -
Courtesy of J. Jill Inc.
J. Jill CEO steps down as sales fall nearly 5% in Q3
A retail veteran on the apparel seller's board is taking over as interim chief after Linda Heasley left the company.
By Ben Unglesbee • Dec. 5, 2019 -
Hal Lawton out at Macy's
Leaving his role as president of the department store at a vulnerable time, he'll replace Greg Sandfort as CEO of "rural lifestyle retailer" Tractor Supply.
By Daphne Howland • Dec. 5, 2019 -
Lululemon could reach Nike-like profits, Cowen analysts say
The athleisure brand could hit $1 billion in free cash flows as it looks to grow its men's, women's, digital and international businesses.
By Ben Unglesbee • Dec. 4, 2019 -
Courtesy of Casper
Casper builds out exec team
Emilie Arel, former CEO of FullBeauty Brands, steps into the chief commercial officer role and Ben Clark arrives as CTO from Wayfair.
By Caroline Jansen • Dec. 4, 2019 -
Out of compliance: How delisting distracts from a turnaround
The threat of removal from a stock exchange presents struggling retailers with yet another problem. Expect more of it to happen.
By Daphne Howland • Dec. 4, 2019 -
Courtesy of Glossier
Glossier pops up in 7 Nordstrom locations
The partnership is focused on highlighting the brand's Glossier You fragrance, which is the only product that will be sold at the locations.
By Cara Salpini • Dec. 4, 2019 -
J.C. Penney hires new chief digital officer
The previous digital chief of Pandora Jewelry is stepping into the role at the department store chain, which has been losing online share for years.
By Ben Unglesbee • Dec. 3, 2019 -
Madewell IPO gets the green light from lenders
J. Crew's plan to spin off its denim brand and take it public is on amid a widening loss from underwhelming sales at the namesake brand.
By Daphne Howland • Dec. 3, 2019 -
Marquee Brand's $50M bid for Destination Maternity prevails after canceled auction
The licensing specialist's plan for the apparel retailer would close its remaining 235 locations.
By Ben Unglesbee • Updated Dec. 11, 2019 -
Best Buy, Old Navy, Dick's Sporting Goods see foot traffic gains in 2019
The increase in store visits range from modest to notable, according to a study by Placer.ai.
By Tatiana Walk-Morris • Dec. 2, 2019 -
Best Buy launches e-commerce pickup in 175 New York UPS, CVS locations
About 99% of the retailer's customers live in a ZIP code where next-day delivery is available — up from 80% last quarter, CEO Corrie Barry said.
By Morgan Forde • Dec. 2, 2019 -
Abercrombie & Fitch on track despite Q3 misses
Improved merchandise and marketing give the apparel retailer an edge at the holidays, say analysts, who are also pleased with its shrinking footprint.
By Daphne Howland • Nov. 27, 2019 -
Private equity firm counters Baker-led offer for Hudson's Bay Co
Catalyst previously topped an offer from investors hoping to take HBC private, but this time it also filed a complaint with Canadian regulators.
By Daphne Howland • Nov. 27, 2019 -
Cara Salpini/Retail Dive
Allbirds to Amazon: 'Please steal our approach to sustainability'
In a Medium post, the co-founders of the sustainable shoe brand allege that the e-commerce giant copied its designs, but not its sustainable practices.
By Cara Salpini • Nov. 27, 2019 -
Daphne Howland/Retail Dive
Gap Inc. downgraded by S&P
The credit rating agency's assessment of the apparel retailer is harsh and only adds to growing negativity surrounding its planned Old Navy spinoff.
By Daphne Howland • Nov. 26, 2019 -
Is Under Armour's accounting probe a lot of smoke or the start of a fire?
The company insists its sales management practices were "appropriate," but a federal investigation is just getting underway.
By Cara Salpini • Nov. 26, 2019 -
Best Buy's stores are key to its momentum
The retailer is holding its own in a competitive market, thanks to customers' ability to visit physical locations and get help from well-trained staff.
By Daphne Howland • Nov. 26, 2019
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