Financial News: Page 153
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New Sears sells DieHard brand to Advance Auto Parts for $200M
Under the deal, Transform Holdco can still sell the brand at Sears stores and extend it to non-automotive categories.
By Ben Unglesbee • Updated Dec. 23, 2019 -
LVMH woos Tiffany with $14.5B bid
The iconic American jeweler is reportedly ready to reject the offer, but several analysts see a marriage in the works.
By Daphne Howland • Oct. 28, 2019 -
Retrieved from Walmart on October 24, 2019
Deep DiveWelcome back, Toys R Us. Your market is tougher than ever.
After knocking the retailer out of existence last year, Walmart, Amazon and Target took over the toy category. This holiday season, they're playing to lock down market share.
By Ben Unglesbee • Oct. 28, 2019 -
Barneys morphs from department store to brand as $270M ABG bid prevails
The final order in its bankruptcy was filed Friday by a judge who earlier this week said it was sad when it became clear stores would close.
By Daphne Howland • Updated Nov. 1, 2019 -
Amazon's one-day shipping stokes sales but drains profits
CFO Brian Olsavsky called the company's fulfillment expansion "drastic," and some analysts say that positions it to become a logistics company.
By Daphne Howland • Oct. 25, 2019 -
Retailers market sustainable stores to lure eco-conscious customers
As shoppers weigh the environmental impact of their purchases, companies are realizing the ancillary benefits of going green.
By Tatiana Walk-Morris • Oct. 25, 2019 -
Retrieved from Ebay on July 24, 2019
EBay mulls options for StubHub, classifieds businesses
Executives highlighted advertising as a bright spot in a mixed quarter, even as they indicated they are reviewing two top-performing revenue streams.
By Daphne Howland • Oct. 24, 2019 -
Walmart kicks off holiday discount festivities early
The retail giant is touting its discounts across gifting categories and an expanded suite of customer services as it goes to war with Amazon.
By Ben Unglesbee • Oct. 24, 2019 -
Retrieved from Nike on October 23, 2019
Nike CEO Mark Parker to step down in January
Board member and former CEO of eBay, John Donahoe, will be replacing him, as Parker stays on as executive chairman.
By Cara Salpini • Oct. 23, 2019 -
Retrieved from Amazon on June 27, 2019
Amazon adds pickup counters to GNC, Stage Stores, Health Mart
The e-commerce specialist is expanding its partner network for the Hub Counter program as locations reach into the thousands.
By Ben Unglesbee • Oct. 23, 2019 -
United Colors of Benetton tests a US comeback
The Italian apparel company is poised to open a pop-up location in California as it considers a relaunch of its permanent stores.
By Kaarin Moore • Oct. 23, 2019 -
Nordstrom's welcome to New York
The family running the Seattle department store has been eyeing the city for decades. Can they make it there?
By Daphne Howland • Oct. 23, 2019 -
GOAT adds apparel and accessories to sneaker marketplace
The new categories may put the platform in more direct competition with others in the resale space, namely The RealReal.
By Lisa Rowan • Oct. 22, 2019 -
Macy's and Bloomingdale's to go fur free
The pledge makes it the latest retailer to join a larger movement to ban fur that has gained momentum as consumer tastes have changed.
By Kaarin Moore • Oct. 22, 2019 -
Destination Maternity files for Ch. 11, plans to close nearly half its stores
With pregnancies in decline and competition increasing, sales at the retailer fell by a third in half a decade. Now it looks to sell itself in bankruptcy.
By Ben Unglesbee • Oct. 22, 2019 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour CEO Kevin Plank to step down
President and COO Patrik Frisk is set to replace him in January, though Plank will stay on as executive chairman and brand chief.
By Cara Salpini • Oct. 22, 2019 -
Q&A
RILA's incoming president talks trade, antitrust and 2020 priorities
The industry group's current president, Sandy Kennedy, will retire at the end of 2019. Current COO Brian Dodge will succeed her as its next leader.
By Ben Unglesbee • Oct. 22, 2019 -
Private equity firm slams HBC take-private deal
Catalyst Capital Group says it and other investors will vote against the move and urged the board to consider better alternatives.
By Ben Unglesbee , Daphne Howland • Updated Nov. 1, 2019 -
Authentic Brands, B.Riley bid $271M for Barneys
The proposal entails shuttering at least seven Barneys locations. Other suitors must beat the offer by Oct. 22 to force a bankruptcy auction.
By Daphne Howland • Oct. 17, 2019 -
Walmart to shell out $5.2M for failing to accommodate worker with disability
The employee worked as a cart pusher with the aid of a job coach for 16 years before he was "effectively terminated," EEOC said.
By Riia O'Donnell , Katie Clarey • Oct. 17, 2019 -
Lady Gaga, Rihanna and the Kardashians: The rise of celebrity retailers
While businesses have often seen other stores as their biggest rivals, the rich and famous are a force to be reckoned with.
By Kaarin Moore • Oct. 17, 2019 -
Consumers pull back spending in September, snapping 6-month streak
The sales decline last month was an unpleasant surprise and hardly a good sign ahead of the holidays.
By Daphne Howland • Oct. 16, 2019 -
Gymboree stages a comeback for early 2020
The Children's Place, which acquired the rights to the children's apparel brand earlier this year, will relaunch it in 200 of its stores and online.
By Caroline Jansen • Oct. 16, 2019 -
Five Below to build gaming venues attached to stores
As part of an investment in Nerd Street Gamers, a multi-store pilot of "Localhost" spaces will begin in 2020.
By Tatiana Walk-Morris • Oct. 16, 2019 -
Deep Dive
Sole survivors: 5 national chains that outlasted their peers
Being the last retailer in a category might sound like an enviable spot, but it's almost never a "safe harbor," as retail's ghosts could tell you.
By Ben Unglesbee • Oct. 16, 2019