Financial News: Page 154
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Hong Kong unrest undermines Tiffany's strength
The famed jeweler needs the China market more than ever as sentiment falters among consumers at home, signaling trouble for the holidays.
By Daphne Howland • Aug. 28, 2019 -
Liberty Tax to buy beleaguered Sears Hometown's Outlet business for $133M
The acquisition follows a deal by the reconstituted Sears to buy the Hometown business and adds to the tax prep company's growing lretail business.
By Ben Unglesbee • Aug. 28, 2019 -
Soma lifts Chico's in Q2
The retail company swung to a loss in the period, but executives expressed confidence in the turnarounds at White House Black Market and its namesake.
By Daphne Howland • Aug. 28, 2019 -
L Brands hit with class action over financial disclosures
A shareholder lawsuit alleges the retailer painted a misleading picture about its ability to pay out dividends in the face of profit declines.
By Ben Unglesbee • Aug. 27, 2019 -
DTC bedding brand Boll & Branch raises $100M
The startup, focused on sustainability and social impact, said it will use the fresh funds to grow its selling channels and expand into adjacent categories.
By Caroline Jansen • Aug. 27, 2019 -
J. Jill swings to a loss
The retailer has downsized its headquarters, both in space and headcount, and is streamlining operations, including shortening its production calendar.
By Daphne Howland • Aug. 27, 2019 -
Ascena disputes problems with lenders
A failure to communicate and pay proceeds from its Maurices sale led some to wonder if the company is mulling bankruptcy, the New York Post reported.
By Daphne Howland • Aug. 27, 2019 -
Cole Haan files confidential IPO
The retailer, which is owned by private equity firm Apax Partners, said the price range and number of shares for the offering has yet to be determined.
By Daphne Howland , Kaarin Moore • Updated Oct. 21, 2019 -
Retrieved from Target on August 26, 2019
Target and Disney partner to open 25 toy shops
The entertainment giant is growing its retail presence with store-within-a-store concepts at Target, expanding the mass merchant's toy offerings.
By Ben Unglesbee • Aug. 26, 2019 -
Retrieved from Walmart on August 26, 2019
Walmart launches private label skincare line
Earth to Skin offers clean beauty products for under $10, and could be a threat to Amazon's recent Belei brand.
By Cara Salpini • Aug. 26, 2019 -
Amazon to invest $15B in tools for third-party sellers in 2019
The announcement comes after reports that the e-commerce giant booted some sellers off its platform.
By Tatiana Walk-Morris • Aug. 26, 2019 -
Nordstrom launches online curation of sustainable goods
The department store joins many others in touting higher environmental and social standards, but analysts warn such efforts must be genuine.
By Daphne Howland • Aug. 26, 2019 -
Permission granted by Rent the Runway
Nordstrom turns to company veteran for new chief merchant role
The promotion of Teri Bariquit, who has been with the retailer for 33 years, signals both confidence and an acknowledgement of the need to improve.
By Daphne Howland • Aug. 23, 2019 -
Overstock CEO steps down after 'Deep State' comments
Patrick Byrne had become known for his colorful, obscure and sometimes head-scratching comments, but some last week sent investors fleeing.
By Ben Unglesbee • Aug. 23, 2019 -
Ross posts 6% sales increase, opens 27 stores in Q2
The off-pricer posted "respectable" comps against a tough comparison as it tries to right its women's business and waits to see how tariffs play out.
By Ben Unglesbee • Aug. 23, 2019 -
Old Navy fails to deliver for Gap Inc.
The brand's spin-off may not make sense in light of its worst performance since 2016, according to Wells Fargo.
By Daphne Howland • Aug. 23, 2019 -
Dick's posts best comps since 2016
After a disappointing 2018, the retailer's CEO said that its "investments are working, our major headwinds are behind us and we've bent the curve on sales."
By Ben Unglesbee • Aug. 22, 2019 -
Courtesy of Nordstrom
Nordstrom rises on profit beat
But declines at off-price Rack may signal dire circumstances, and one analyst calls the retailer's decision to withhold comparable sales numbers "telling."
By Daphne Howland • Aug. 22, 2019 -
L Brands can't shake Victoria's Secret woes
Changes at the lingerie brand have yet to gain traction, but Bath & Body Works continues to set an example with superior results.
By Daphne Howland • Aug. 22, 2019 -
Retail is rife with harassment, and employers aren't intervening, survey says
The U.K.-based report revealed nearly half of workers experienced "sexual, racist, homophobic or otherwise very offensive language" at work.
By Valerie Bolden-Barrett • Aug. 22, 2019 -
The Home Depot, Lowe's post strong comps
However, lumber price deflation and recently announced tariffs hit both companies, causing Home Depot to lower its guidance.
By Caroline Jansen • Aug. 21, 2019 -
Courtesy of Target
Target barrels through Q2 as key strategies pay off
The mass merchant beat expectations on sales, comps and profit, as omnichannel and private label investments bore fruit.
By Ben Unglesbee • Aug. 21, 2019 -
Markdowns push Urban Outfitters profit down 35%
The Free People brand brought relief, and fashion missteps have been corrected, but executives painted a mixed picture of the consumer.
By Daphne Howland • Aug. 21, 2019 -
Retrieved from Kroger on August 19, 2019
Kroger expands Express store pilot with Walgreens
In Knoxville, Tennessee, the grocer will put mini stores inside 35 Walgreens, while the drugstore's health and beauty brands will hit select Kroger locations.
By Jeff Wells • Aug. 21, 2019 -
Retrieved from Walmart on April 25, 2019
Walmart's marketing chief to depart after a year on the job
The retail giant also announced the creation of a new retail marketing team focused on store initiatives, merchandising and e-commerce.
By Ben Unglesbee • Aug. 20, 2019
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