Financial News: Page 149
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Courtesy of Target
Target barrels through Q2 as key strategies pay off
The mass merchant beat expectations on sales, comps and profit, as omnichannel and private label investments bore fruit.
By Ben Unglesbee • Aug. 21, 2019 -
Markdowns push Urban Outfitters profit down 35%
The Free People brand brought relief, and fashion missteps have been corrected, but executives painted a mixed picture of the consumer.
By Daphne Howland • Aug. 21, 2019 -
Kroger expands Express store pilot with Walgreens
In Knoxville, Tennessee, the grocer will put mini stores inside 35 Walgreens, while the drugstore's health and beauty brands will hit select Kroger locations.
By Jeff Wells • Aug. 21, 2019 -
Walmart's marketing chief to depart after a year on the job
The retail giant also announced the creation of a new retail marketing team focused on store initiatives, merchandising and e-commerce.
By Ben Unglesbee • Aug. 20, 2019 -
TJX mostly maintains its momentum as sales jump 5%
As department stores continue to falter and with the closure of hundreds of Dressbarn doors, the off-pricer is poised to gain yet more share.
By Daphne Howland • Aug. 20, 2019 -
Kohl's beats expectations on strong back-to-school sales
Waning consumer sentiment has hit the department store hard, but it is making a lot of the right moves, especially compared to rivals.
By Daphne Howland • Aug. 20, 2019 -
Avenue converts bankruptcy to Ch. 7
The plus-size apparel retailer originally filed Chapter 11 back in August.
By Ben Unglesbee , Kaarin Moore • Updated Nov. 26, 2019 -
Target launches Good & Gather grocery brand
The retailer's largest store brand to date will be available in stores and online next month and will replace its Simply Balanced and Archer Farms lines.
By Krishna Thakker • Aug. 19, 2019 -
Amazon tests 'Top Brand' badge for some fashion
The e-commerce giant has tags to boost some brands and products in its massive assortment, but risks creating confusion if it uses too many.
By Daphne Howland • Aug. 19, 2019 -
Investment firm buys $141M in HBC shares to block take-private sale
Some HBC activist shareholders are resisting a June proposal led by Gov. Richard Baker that the board has deemed "inadequate."
By Daphne Howland • Aug. 19, 2019 -
Deep Dive
When levees break: How retailers are preparing for a riskier natural world
The march of fearsome weather events has caught the attention of retailers, who collectively have some 26,000 stores at risk of climate-based calamities.
By Ben Unglesbee • Aug. 19, 2019 -
Revlon explores a sale
The beauty brand faces increased competition from players like Sephora and Ulta, and drugstores that are investing in partnerships with DTC companies.
By Ben Unglesbee • Aug. 16, 2019 -
J.C. Penney sued by Zumba over marketing campaign
The fitness company took issue with the retailer's use of the slogan "From A to Zumba" to sell fitness apparel.
By Ben Unglesbee • Aug. 16, 2019 -
J.C. Penney in Q2: 'progress' or 'another slice of gloom'?
While the retailer posted positive operating income and a narrowed net loss, it is still fighting against shrinking top-line and comparable sales.
By Ben Unglesbee • Aug. 15, 2019 -
Retail closures more than double openings
Hundreds more stores could already be added to the count from Coresight Research, with openings notably found among discounters.
By Daphne Howland • Aug. 15, 2019 -
J.C. Penney follows Macy's in offering used apparel from ThredUp
The secondhand apparel site appears to be centering its brick-and-mortar strategy on partnerships, its latest with a retailer that has struggled in women's.
By Daphne Howland • Aug. 15, 2019 -
Walmart sets pace for competitors with strong Q2
The quarter vindicated Walmart's investments in omnichannel capabilities and digital sales as U.S. comps rose 2.8% during a trying period for other retailers.
By Ben Unglesbee • Aug. 15, 2019 -
Macy's lowers profit outlook after tough spring
Slow sales due to fashion misses and fewer tourists bloated inventory and forced markdowns in the quarter, the department store said.
By Daphne Howland • Aug. 14, 2019 -
Macy's debuts secondhand apparel sales with ThredUp
With this tie-up, which will be piloted in 40 stores, the department store aligns itself with a segment that is a bright spot in apparel retail.
By Daphne Howland • Aug. 14, 2019 -
Avenue to close all its stores
Store closures were confirmed, and the plus-size apparel retailer is working with Hilco and Gordon Brothers to wind down its physical footprint.
By Ben Unglesbee • Updated Aug. 14, 2019 -
Steve Madden snaps up Greats, BB Dakota in 2-day shopping spree
The footwear company, coming off a strong quarter, could boost its weaker men's offering with its acquisition of the digitally native sneaker brand.
By Daphne Howland • Aug. 13, 2019 -
Daphne Howland/Retail Dive
Neiman Marcus sued again over MyTheresa transfer
UMB Bank alleges the corporate reshuffling of the "billion-dollar crown-jewel asset" was fraudulent and used to extract concessions from lenders.
By Ben Unglesbee • Updated Aug. 12, 2019 -
Target expands Levi's offering with Red Tab items
The back-pocket trademark has been a sign of authenticity for decades, and signals the mass merchant's confidence in attracting high-spending customers.
By Daphne Howland • Aug. 12, 2019 -
Rite Aid names new CEO
Heyward Donigan is a seasoned healthcare executive, suggesting that the drugstore will join rivals in emphasizing medical services over retail.
By Daphne Howland • Aug. 12, 2019 -
Is Walmart doing enough to protect workers in its supply chain?
The retailer has been auditing, investigating and reporting on its supply chain to clean up labor abuses, but experts say current best practices fall short.
By Ben Unglesbee • Aug. 12, 2019
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