Financial News: Page 152
-
Walgreens reportedly mulling massive private equity buyout
The drugstore retailer is exploring a possible go-private deal, which would be the largest leveraged buyout in history, according to multiple media reports.
By Ben Unglesbee • Nov. 6, 2019 -
CVS will shutter 75 stores next year
Where rivals are shuttering locations by the hundreds, CVS is trimming underperforming ones as it expands its Health Hub healthcare concept.
By Daphne Howland • Nov. 6, 2019 -
Retrieved from Amazon on October 09, 2018
Amazon launches Small Business Academy program
The company will offer seminars, webinars, and community college courses for starting and growing an online business.
By Lisa Rowan • Nov. 6, 2019 -
Retrieved from Nike on October 23, 2019
5 high-profile CEO exits in retail this year
Now, more than ever, chief executives are seen as the face of a company, and 2019 has already seen the highest number of departures on record.
By Kaarin Moore • Nov. 6, 2019 -
Pier 1 appoints Robert Riesbeck CEO
He steps into the role at a critical time for the home goods retailer, as it faces falling sales, growing losses and a possible NYSE delisting.
By Caroline Jansen • Nov. 5, 2019 -
Birchbox to pop up in 500 Walgreens stores for the holidays
The shop-in-shops will be positioned in a "grab-and-go holiday gifts" format and feature themed boxes, subscription gift cards, travel-sized items and more.
By Cara Salpini • Nov. 5, 2019 -
Tapestry holds steady amid department store woes
The accessories and apparel conglomerate is facing headwinds that include a fundamental shift in what shoppers want in their handbags.
By Daphne Howland • Nov. 5, 2019 -
Where does Barneys go now?
One flagship isn't going anywhere for at least a year, and that's a good sign. But its fate is now in the hands of a brand conglomerate — and Saks Fifth Avenue.
By Daphne Howland • Nov. 5, 2019 -
David's Bridal cuts a deal for $55M in new capital
The wedding apparel retailer also worked with lenders to reduce its debt as it looks to modernize operations and heal its balance sheet.
By Ben Unglesbee • Updated Nov. 5, 2019 -
Barneys Madison Avenue gets a new lease on life
New owner Authentic Brands Group agreed to keep the location open for a year as the iconic retailer begins a new phase, but liquidation sales begin this week.
By Daphne Howland • Nov. 4, 2019 -
Under Armour faces investigation into accounting practices
Executives said they believe their actions were appropriate in response to a Wall Street Journal report that the brand made itself appear healthier.
By Cara Salpini • Nov. 4, 2019 -
Deep Dive
Retail fails: 6 of the biggest blunders from industry history
Target's Canadian misadventure, the marriage of Sears and Kmart, J.C. Penney's misbegotten transformation — if only hindsight were foresight.
By Ben Unglesbee • Nov. 4, 2019 -
WWD: Forever 21 shuttering all its Riley Rose beauty stores
A notice on the beauty retailer's web page directs shoppers to a tab on the parent company's site, suggesting its products will soon be sold only online.
By Daphne Howland • Nov. 1, 2019 -
Lululemon invests in tech fitness startup Mirror
The tech company sells a home fitness system that displays on a full-length mirror, and has secured $72 million in financing to date.
By Lisa Rowan • Nov. 1, 2019 -
Price wars, investment costs dampen Moody's outlook on retail
Analysts with the ratings firm slashed their expectations for this year's growth in profit and sales, though not all sectors are feeling the pain.
By Ben Unglesbee • Nov. 1, 2019 -
B8ta snaps up $50M from investors, including Macy's
The startup also announced the launch of Ark Marketplace, a tech platform that enables retailers to use the company's store technology.
By Tatiana Walk-Morris • Nov. 1, 2019 -
Rite Aid downgraded over weak market position
As the drugstore business becomes more complex, and competitors larger, Rite Aid's regional focus leaves it without scale, Fitch analysts warned.
By Ben Unglesbee • Oct. 31, 2019 -
Wayfair's net loss widens nearly 80%
The home goods retailer continues to struggle with posting a profit, though CEO Niraj Shah pointed to revenue gains as reasons for optimism.
By Caroline Jansen • Oct. 31, 2019 -
Etsy margins take a hit amid solid revenue growth
The marketplace is wrestling to bring its Reverb acquisition into the fold and coax more sellers to offer free shipping, among other new initiatives.
By Daphne Howland • Oct. 31, 2019 -
Moody's downgrades Nordstrom
Additionally, UBS analysts lowered their stock rating from "neutral" to "sell" due to anticipated rough holiday selling and tariffs.
By Daphne Howland • Oct. 30, 2019 -
Walmart replaces Jenny Fleiss as head of Jetblack
The co-founder of the Jet e-commerce site, Nate Faust, is set to take over the concierge service as Walmart reportedly looks to unload it.
By Ben Unglesbee • Oct. 30, 2019 -
Amazon unveils free grocery delivery
Prime members will now get unlimited two-hour grocery deliveries for free from Amazon Fresh and Whole Foods.
By Jessica Dumont • Oct. 30, 2019 -
CMOs are in a 'desperate fight for survival,' Forrester says
A transition to digital is the key force behind the transformation of the role from brand-builders to data-focused, short-term revenue drivers.
By Barry Levine • Oct. 30, 2019 -
Amazon is dominating the holiday price war
The e-commerce player is out-pricing other online retailers by 20% on average, with Walmart not too far behind, according to Profitero.
By Ben Unglesbee • Oct. 29, 2019 -
Nordstrom family ends latest effort to take control
The Nordstroms and the board have also discussed succession planning, according to a filing Monday with the Securities and Exchange Commission.
By Daphne Howland • Oct. 29, 2019