Financial News: Page 152
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EBay to launch end-to-end fulfillment service for sellers
The service, called Managed Delivery, will allow high-volume sellers to store, pack and ship orders through eBay's network of approved third-party vendors.
By Morgan Forde • July 25, 2019 -
New York City moves to collect retail vacancy data
The metropolis is losing storefronts of all stripes as rents spike, leaving a blighted cityscape despite the economic boom.
By Daphne Howland • July 25, 2019 -
Head of Gap's Athleta takes on exec role at Old Navy
Nancy Green, who led the athletic brand as it doubled sales, will return to the discount banner as it prepares to spin off.
By Ben Unglesbee • July 24, 2019 -
Textile waste has increased 811% since 1960
More clothing is being purchased than ever before, but these items are worn fewer times, leading to skyrocketing waste.
By Matt Leonard • July 24, 2019 -
VF Corp boosts outlook as Vans continues its momentum
The company's new fiscal year started out with strong sales, especially in its direct-to-consumer business.
By Daphne Howland • July 24, 2019 -
Bed Bath & Beyond cuts corporate staff by 7%, including COO
Eugene Castagna was out the door Tuesday after 25 years at the home goods retailer, five of them in a role that now no longer exists.
By Daphne Howland • July 24, 2019 -
Alibaba brings e-commerce platform to US businesses
As the Chinese e-commerce giant chases Amazon into the B2B market, it hopes to connect U.S. suppliers to the world.
By Ben Unglesbee • July 23, 2019 -
Etsy to acquire music gear marketplace Reverb for $275M
The startup will continue to operate separately, but the deal represents nice synergies for each, according to the companies.
By Daphne Howland • July 23, 2019 -
Warehouse tech glitches cause $25M disruption for Asos
The problems slashed the inventory available to customers, taking a bite out of sales and margins.
By Emma Cosgrove • July 23, 2019 -
Amazon plans to open more Go stores in Chicago, Seattle
The new locations are an indicator of the e-commerce giant’s brick-and-mortar expansion strategy.
By Tatiana Walk-Morris • July 23, 2019 -
GNC to shutter up to 900 stores
The closures will be mostly in malls as the supplements retailer continues to cut costs, which boosted operating income in the second quarter.
By Daphne Howland • July 23, 2019 -
EBay announces new technology chief
Along with the promotion of a longtime veteran to CTO, the company revealed other new hires, including alumni of Amazon, Twitter and Yahoo.
By Lisa Rowan • July 23, 2019 -
Hollister's Gilly Hicks makes a comeback
As Abercrombie & Fitch Co. scaled back its lingerie brand in recent years, rival American Eagle and a slew of pure-plays took on Victoria's Secret.
By Daphne Howland • July 22, 2019 -
EBay buys minority stake in Paytm Mall
The investment gives the marketplace access to an audience of more than 450 million customers.
By Lisa Rowan • July 22, 2019 -
Back-to-school spending expected to reach record highs
While college shoppers plan to do most of their shopping online, the NRF found consumers as a whole aren't ruling out brick and mortar yet.
By Tatiana Walk-Morris • July 22, 2019 -
Walmart restructures supply chain team in omnichannel push
The change brings distribution, fulfillment and transportation under one umbrella in the latest push to integrate digital and store operations.
By Shefali Kapadia • July 22, 2019 -
Chewy narrows loss after IPO debut
The pet e-tailer reported net sales rose 45% to $1.1 billion in its first earnings release as a public company.
By Caroline Jansen • July 19, 2019 -
WSJ: Amazon entices sellers to part with brands for as low as $10K
In exchange for increased visibility and other perks, businesses reportedly agree to be acquired at the e-commerce giant's discretion.
By Daphne Howland • July 19, 2019 -
J.C. Penney says it has not hired bankruptcy advisers
The struggling retailer is moving to protect a long-running turnaround and avoid bankruptcy, according to earlier press reports.
By Daphne Howland • Updated July 19, 2019 -
Saks Fifth Avenue opens new men's shoe space at its NYC flagship
The revamped area furthers Hudson's Bay Co.'s hopes that the $250 million renovation of its luxury department store might be a lifeline.
By Daphne Howland • July 19, 2019 -
Nordstrom faces backlash over Anniversary Sale early access
Tiered loyalty programs have emerged as a way to meaningfully reward customers. But there's confusion about Nordy Club's perks before the highly anticipated event officially begins.
By Daphne Howland • July 18, 2019 -
EBay may put up StubHub and Classifieds for sale
Unloading either business could challenge its already weaker marketplace, though analysts expressed confidence in those core operations.
By Daphne Howland • July 18, 2019 -
Tru Kids, b8ta to open 2 Toys R Us stores in time for the holidays
The defunct toy retailer is making a comeback through a joint venture that will focus stores around experience and generate revenue from vendor fees.
By Ben Unglesbee • July 18, 2019 -
Chico's-owned Soma to sell fit tech bra through b8ta
In addition to offering its "SOMAINNOFIT" bra in the retail concept's stores, the intimates brand also announced an expanded partnership with QVC.
By Caroline Jansen • July 18, 2019 -
Former Petco CEO named president of Party City
Brad Weston also previously served as the chief merchandising officer at Dick's Sporting Goods.
By Kaarin Moore • July 18, 2019
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