Financial News: Page 150


  • CCIM Institute: The state of retailing in 2025

    Expect more partnerships with hotels, pressure on supply chains and multiuse redevelopments to retail spaces, according to Chief Economist K.C. Conway.

    By Oct. 1, 2019
  • Deep Dive

    What's missing from Forever 21's bankruptcy plans

    The fast-fashion retailer looks to rebound from Chapter 11 by staying true to its roots. But is that the right play?

    By Oct. 1, 2019
  • Forever 21 files for bankruptcy with plans to close up to 178 stores

    The fast-fashion retailer is using the court process to rightsize its business just as the holiday season is set to commence.

    By Sept. 30, 2019
  • Bed Bath & Beyond adds experiences to wedding registries

    The retailer partnered with VEBO to offer couples the option to add things like wine tastings and spa trips to their gift lists.

    By Lisa Rowan • Sept. 30, 2019
  • Moody's splashes cold water on Madewell IPO

    Solving J. Crew's debt crisis with the proceeds from an IPO of the smaller denim business may not bode well for either brand.

    By Sept. 30, 2019
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    Retrieved from Amazon on September 17, 2019
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    Deep Dive

    Is Amazon on a collision course with the government?

    As investigations into the e-commerce giant's marketplace and competitive practices heat up, it faces a heightened risk of antitrust litigation. 

    By Sept. 30, 2019
  • Bloomberg: Walmart fielding interest in JetBlack

    The retail giant is talking with parties about potentially partnering with the unit or buying it outright.

    By Sept. 27, 2019
  • New York City skyline.
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    Photo by Mike C. Valdivia on Unsplash. (N/A). "Mike C. Valdivia New York skyline photo" [Photograph]. Retrieved from https://unsplash.com/photos/kZokA2VTKn4.
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    NYC retail vacancies doubled over 10 years

    Rent spikes and red tape are pushing retailers out, and are especially devastating to mom-and-pop stores, according to the city's comptroller.

    By Sept. 26, 2019
  • Lululemon to shutter Ivivva brand by mid-2020

    The retailer will wind down the kids business, including its online presence and seven physical locations, a spokesperson said.

    By Sept. 26, 2019
  • New Rite Aid CEO 'optimistic about our future' as profits beat estimates

    Just a few weeks into the job, Heyward Donigan struck an upbeat note while also pointing to the "urgency" in executing on a new strategic plan. 

    By Sept. 26, 2019
  • Pier 1 to close at least 70 stores as loss doubles

    The distressed retailer could face even more closures — up to 15% of its portfolio, or more than 140 locations — if it can't improve its performance.

    By Sept. 26, 2019
  • Ikea plots new store concept in Queens

    The store is the Swedish furniture retailer's third location in New York City, coming after the opening of its urban planning studio in April.

    By Sept. 26, 2019
  • Amazon launches virtual medical clinic for Seattle employees

    The trial, called Amazon Care, includes in-person followup doctor visits at an employee's home or office, along with at-home prescription drug delivery.

    By Rebecca Pifer • Sept. 25, 2019
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    Retrieved from Ebay on February 28, 2019
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    EBay CEO steps down

    Devin Wenig's departure, which comes amid a strategic and operational review, was due to "a number of considerations," the company's chairman said. 

    By Sept. 25, 2019
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    Cara Salpini/Retail Dive
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    Gap Inc. poaches Sephora exec for Athleta's new CEO

    Mary Beth Laughton previously held leadership roles at Nike as well, and seems adept at stoking e-commerce.

    By Sept. 25, 2019
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    Cara Salpini/Retail Dive
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    Nike posts 'rock-solid' Q1 with strong women's, digital sales

    Despite looming tariffs, CEO Mark Parker expressed confidence that the brand has "a lot of levers we can work with."

    By Sept. 25, 2019
  • Marshalls introduces e-commerce store with interactive features

    The move allows the off-price retailer to grab a share of the e-commerce market as consumer shopping behavior shifts online.

    By Tatiana Walk-Morris • Sept. 25, 2019
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    Best Buy
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    Best Buy aims for $50B in revenue in 2025

    The retailer also plans to cut $1 billion in costs, positioning itself to carry on "as one of the top performers in US retail," Moody's said.

    By Sept. 25, 2019
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    Christ Fellowship Church
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    Lease of faith: Why churches are going into malls

    Spaces once occupied by retailers are being taken over by religious organizations as malls look for new tenants to fill empty storefronts.

    By Sept. 25, 2019
  • Overstock CFO resigns as permanent CEO is named

    Greg Iverson left amid turbulence around the exit of its former CEO, Patrick Byrne, as Jonathan Johnson steps into the chief executive role.

    By Sept. 24, 2019
  • Happy Returns expands partnership with World Market

    The returns facilitator will be available at all 276 store locations in time for the holiday season, which can serve as both boon and burden for retailers. 

    By Lisa Rowan • Sept. 24, 2019
  • Bloomberg: Ascena considers selling Lane Bryant, Catherines

    The company bought the plus-size retailers in 2012, when the specialty approach to sizing was already falling out of favor.

    By Sept. 24, 2019
  • Walmart's Allswell brand expands beyond the bedroom

    The retail giant's homegrown digital brand, which has focused on selling mattresses and bedding, announced its first bath collection.

    By Sept. 24, 2019
  • 'Retail apocalypse' could last another 2 years

    With most retailers over-stored, expect more closures ahead, especially at B- and C-class malls, according to a report from B. Riley FBR.

    By Sept. 23, 2019
  • HBC to close stores in the Netherlands

    The news follows the retailer's steep earnings decline earlier this month.

    By Tatiana Walk-Morris • Sept. 23, 2019