Financial News: Page 151
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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 Caroline Jansen • 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 Ben Unglesbee • 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 -
With acquisitions pending, Sears Hometown hemorrhages sales
In a second quarter marked by the sale of the Outlet business, comparable sales fell nearly 22% at the retailer.
By Ben Unglesbee • Sept. 20, 2019 -
Madewell IPO may be in limbo as talks with lenders break down
As part of a debt swap last year, the lenders stipulated that the company needed their permission before selling the smaller brand or taking it public.
By Daphne Howland • Sept. 20, 2019 -
Nordstrom promotes digital chief to new COO role
Ken Worzel has been at the company for almost a decade and is now tasked with coordinating the retailer's online and physical operations.
By Daphne Howland • Sept. 20, 2019 -
Victoria's Secret price hikes could hurt
The brand may not be moving swiftly enough in the transformation of its merchandising or marketing to justify its new price points, per data from UBS.
By Daphne Howland • Sept. 20, 2019 -
UBS: Tariffs, store closings mean easy pickings for off-price retailers
As other retailers cancel orders, opportunity abounds for stores like T.J. Maxx to buy inventory at even deeper discounts.
By Matt Leonard • Sept. 20, 2019 -
Toys R Us, Candytopia partner for experiential pop-ups
The concepts include interactive playrooms and brand installations, and are headed for Chicago and Atlanta during the holiday season.
By Ben Unglesbee • Sept. 19, 2019 -
Courtesy of Madison Reed
Madison Reed to open 600 stores by 2024
Through a joint venture with consulting firm Franworth, the hair color startup is planning to rapidly expand its Color Bar locations.
By Cara Salpini • Sept. 19, 2019 -
Casper jumps on the CBD bandwagon with sleep gummies
The mattress brand is among the latest to capitalize on the $150 billion cannabis market.
By Caroline Jansen • Sept. 19, 2019 -
Opinion
There's a farm in my grocery store: The new rules of retail engagement
All retailers are in a very tight spot right now — grocery stores offer many obvious proof points, writes The Hershey Experience's Suzanne Jones.
By Suzanne Jones • Sept. 19, 2019 -
Chewy posts $82.9M loss in Q2
However, the pet e-tailer, which went public in June, reported stronger than expected sales gains.
By Caroline Jansen • Sept. 18, 2019 -
Stage Stores to nix department stores, go all-in on off-price
The retailer plans to convert nearly all of its remaining stores to the Gordman's banner, which it acquired out of bankruptcy in 2017.
By Ben Unglesbee • Sept. 18, 2019 -
Destination Maternity considers possible sale after dismal Q2
The struggling retailer said it was mulling strategic alternatives, both a possible merger and stand-alone options, as top-line, comparable and e-commerce sales fell.
By Ben Unglesbee • Sept. 17, 2019 -
Retrieved from Walmart on September 17, 2019
Walmart reimagines once-defunct Scoop as private label fashion line
The boutique retailer, which closed its last stores more than three years ago, has a new life as an owned value brand for the retail giant.
By Ben Unglesbee • Sept. 17, 2019 -
Founder Marla Beck to stay on as Bluemercury CEO
Parent company Macy's had previously announced Beck, and her co-founder and husband Barry Beck, would exit the business.
By Daphne Howland , Cara Salpini • Updated Feb. 21, 2020 -
Retrieved from Amazon on September 17, 2019
Amazon announces Chicago tech hub expansion, 400 new hires
The company stated it has created more than 11,000 full-time jobs and invested more than $4.4 billion in Illinois since 2010.
By Tatiana Walk-Morris • Sept. 17, 2019 -
Charming Charlie IP sold for $1.1M in bankruptcy
The asset sale to a company owned by the retailer's founder comes after the liquidation of brick-and-mortar operations in Chapter 11.
By Ben Unglesbee • Sept. 16, 2019 -
J. Crew losses mount ahead of Madewell IPO plans
The company said on Friday that proceeds from going public will go to pay down its growing debt.
By Daphne Howland • Sept. 16, 2019 -
Retail sales gains moderate in August
News of surging oil prices Monday isn't likely to calm increasingly edgy U.S. consumers.
By Daphne Howland • Sept. 16, 2019 -
Target looks to Good & Gather to define its grocery business
The private label line will be the company's biggest own brand ever, Stephanie Lundquist, executive vice president of food and beverage, said at Groceryshop.
By Jessica Dumont • Sept. 16, 2019 -
Can J.C. Penney's Jill Soltau pull off the ultimate retail Hail Mary?
The retailer's CEO is tasked with turning the company around, but recent setbacks show just how difficult that's going to be.
By Ben Unglesbee • Sept. 16, 2019 -
Madewell files for IPO
J. Crew Group Inc. said it plans to spin off the denim brand, according to an SEC document filed Friday afternoon.
By Kaarin Moore • Sept. 13, 2019 -
More than 7K stores have closed in 2019
The closures, tracked by consulting firm BDO, already surpass any previous full-year total.
By Ben Unglesbee • Sept. 13, 2019
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