Financial News: Page 152
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Cara Salpini/Retail Dive
Gap Inc. taps global franchises to expand Athleta, Janie & Jack
The retailer is wasting little time in jump-starting growth as it prepares to let go of its best-performing Old Navy brand.
By Daphne Howland • Sept. 13, 2019 -
Madewell releases Dickies collection for women, expands men's for fall
Owner J. Crew has been furiously working to grow the brand, opening stores as it closes namesake locations and shrinks its own operations.
By Daphne Howland • Sept. 13, 2019 -
Daphne Howland/Retail Dive
Spinoff means expansion for Old Navy as Gap Inc. goes lean
"These are two very different business models," Gap Inc. CFO Teri List-Stoll told analysts Thursday morning.
By Daphne Howland • Sept. 12, 2019 -
Tailored Brands stock tumbles despite 'green shoots'
CEO Dinesh Lathi emphasized the company needs time for a turnaround that includes adjusting to weak demand for off-the-rack suits.
By Daphne Howland • Sept. 12, 2019 -
Loss widens at HBC as margins shrink
Highly promotional activity, particularly at Saks, hit hard and indicates some turmoil in luxury retail.
By Daphne Howland • Sept. 12, 2019 -
Retrieved from Amazon on October 09, 2018
Bloomberg: FTC investigates Amazon's Marketplace practices
Antitrust officials are talking with third-party sellers on the e-commerce giant's platform, pointing to a possible wide-ranging probe.
By Ben Unglesbee • Sept. 11, 2019 -
H.H. Gregg returns to brick and mortar with NJ store
Owner Valor Group said that, while physical retail is essential, there won't be the kind of over-expansion that led to the retailer's bankruptcy two years ago.
By Daphne Howland • Sept. 11, 2019 -
At long last, evolution at Victoria's Secret?
As L Brands executives try to reinvigorate the brand, they also wouldn't rule out a spinoff of better-performing Bath & Body Works.
By Daphne Howland • Sept. 11, 2019 -
GameStop sales down 14% as it outlines turnaround plan
The retailer is on pace to close up to 200 stores this year, with more to come, as it looks to streamline its business and transform itself into a hub for gamers.
By Ben Unglesbee • Sept. 11, 2019 -
Things Remembered upgrades store experience with personalization bars, iPads
The retailer, which filed for bankruptcy earlier this year, is also in the midst of developing a new store prototype.
By Tatiana Walk-Morris • Sept. 11, 2019 -
J.C. Penney eyes outerwear with apparel line, concept shops
The struggling retailer is trying to get a slice of the category and likely hoping to avoid getting left behind, as it was with the women's activewear shift.
By Ben Unglesbee • Sept. 10, 2019 -
Millennials, Gen X are the most activist shoppers
Consumers pay attention to companies' environmental, ethical or charitable records, and not just during controversies, according to a study.
By Daphne Howland • Sept. 10, 2019 -
Francesca's shares rise on profit surge
The mall-based retailer is on its own after failing to find a buyer.
By Daphne Howland • Sept. 10, 2019 -
Target taking free loyalty program nationwide
The mass merchant said 2 million customers have signed up for Target Circle in pilot cities since 2018.
By Ben Unglesbee • Sept. 9, 2019 -
Fred's files for bankruptcy, plans to liquidate
The struggling regional drugstore hasn't posted positive operating income since 2013 and has been closing stores at a feverish pace this year.
By Ben Unglesbee • Sept. 9, 2019 -
Kohl's president departs
Sona Chawla is leaving as president in mid-October. Paul Gaffney was also named to the CTO role, reporting directly to CEO Michelle Gass.
By Daphne Howland • Sept. 9, 2019 -
Kohl's names retail-tested executive as CTO
Paul Gaffney is joining the retailer later this month following stints at Dick's Sporting Goods and The Home Depot.
By Naomi Eide • Sept. 9, 2019 -
Deep DiveThe downside of tradition at Dillard's
The 80-year-old Southern retail institution is loyal to its customers, and they to it, but that might be getting in the way of innovation.
By Daphne Howland • Sept. 9, 2019 -
Courtesy of Walgreens
Walgreens Boots Alliance nabs CIO from Kraft Heinz
Francesco Tinto is taking over tech leadership at the company during a time focused on digital transformation and technology advancement.
By Naomi Eide • Sept. 6, 2019 -
Courtesy of Lululemon
Lululemon plans expansion of self-care line
The retailer raised guidance on a strong quarter and hinted at expansion plans for both its personal care line and the membership program it's testing.
By Cara Salpini • Sept. 6, 2019 -
Courtesy of Saks Fifth Avenue
Jewelry 'Vault' opens at Saks 5th Avenue flagship
HBC continues to lavish resources on its upscale U.S. department store's Manhattan flagship, but it may turn out to be ill-timed.
By Daphne Howland • Sept. 6, 2019 -
Target's back-to-school traffic hit 'torrid' pace in August
Placer.ai found visits to the mass merchant spiked sharply last month, and the retailer is poised to benefit from wealthier shoppers in the long run.
By Ben Unglesbee • Sept. 6, 2019 -
Macy's bets on 'Growth' stores
By fall, the department store will have elevated 150 locations nationwide. But is that enough?
By Daphne Howland • Sept. 6, 2019 -
Courtesy of Nordstrom
Nordstrom Local opens in New York
The debut represents the intersection of two bets Nordstrom is making these days: the expansion of its store concept and its push into the Big Apple.
By Daphne Howland • Sept. 5, 2019 -
Courtesy of Target
Target to suppliers: Keep tariffs to yourself
The trade war is creating a stark contrast between which suppliers and retailers can shift the burden away from their balance sheets and which can't.
By Emma Cosgrove • Sept. 5, 2019
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