Financial News: Page 155
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TJX mostly maintains its momentum as sales jump 5%
As department stores continue to falter and with the closure of hundreds of Dressbarn doors, the off-pricer is poised to gain yet more share.
By Daphne Howland • Aug. 20, 2019 -
Kohl's beats expectations on strong back-to-school sales
Waning consumer sentiment has hit the department store hard, but it is making a lot of the right moves, especially compared to rivals.
By Daphne Howland • Aug. 20, 2019 -
Avenue converts bankruptcy to Ch. 7
The plus-size apparel retailer originally filed Chapter 11 back in August.
By Ben Unglesbee , Kaarin Moore • Updated Nov. 26, 2019 -
Target launches Good & Gather grocery brand
The retailer's largest store brand to date will be available in stores and online next month and will replace its Simply Balanced and Archer Farms lines.
By Krishna Thakker • Aug. 19, 2019 -
Retrieved from Amazon on October 09, 2018
Amazon tests 'Top Brand' badge for some fashion
The e-commerce giant has tags to boost some brands and products in its massive assortment, but risks creating confusion if it uses too many.
By Daphne Howland • Aug. 19, 2019 -
Investment firm buys $141M in HBC shares to block take-private sale
Some HBC activist shareholders are resisting a June proposal led by Gov. Richard Baker that the board has deemed "inadequate."
By Daphne Howland • Aug. 19, 2019 -
Deep Dive
When levees break: How retailers are preparing for a riskier natural world
The march of fearsome weather events has caught the attention of retailers, who collectively have some 26,000 stores at risk of climate-based calamities.
By Ben Unglesbee • Aug. 19, 2019 -
Revlon explores a sale
The beauty brand faces increased competition from players like Sephora and Ulta, and drugstores that are investing in partnerships with DTC companies.
By Ben Unglesbee • Aug. 16, 2019 -
J.C. Penney sued by Zumba over marketing campaign
The fitness company took issue with the retailer's use of the slogan "From A to Zumba" to sell fitness apparel.
By Ben Unglesbee • Aug. 16, 2019 -
J.C. Penney in Q2: 'progress' or 'another slice of gloom'?
While the retailer posted positive operating income and a narrowed net loss, it is still fighting against shrinking top-line and comparable sales.
By Ben Unglesbee • Aug. 15, 2019 -
Kaarin Vembar/Retail Dive
Retail closures more than double openings
Hundreds more stores could already be added to the count from Coresight Research, with openings notably found among discounters.
By Daphne Howland • Aug. 15, 2019 -
J.C. Penney follows Macy's in offering used apparel from ThredUp
The secondhand apparel site appears to be centering its brick-and-mortar strategy on partnerships, its latest with a retailer that has struggled in women's.
By Daphne Howland • Aug. 15, 2019 -
Walmart sets pace for competitors with strong Q2
The quarter vindicated Walmart's investments in omnichannel capabilities and digital sales as U.S. comps rose 2.8% during a trying period for other retailers.
By Ben Unglesbee • Aug. 15, 2019 -
Macy's lowers profit outlook after tough spring
Slow sales due to fashion misses and fewer tourists bloated inventory and forced markdowns in the quarter, the department store said.
By Daphne Howland • Aug. 14, 2019 -
Macy's debuts secondhand apparel sales with ThredUp
With this tie-up, which will be piloted in 40 stores, the department store aligns itself with a segment that is a bright spot in apparel retail.
By Daphne Howland • Aug. 14, 2019 -
Avenue to close all its stores
Store closures were confirmed, and the plus-size apparel retailer is working with Hilco and Gordon Brothers to wind down its physical footprint.
By Ben Unglesbee • Updated Aug. 14, 2019 -
Steve Madden snaps up Greats, BB Dakota in 2-day shopping spree
The footwear company, coming off a strong quarter, could boost its weaker men's offering with its acquisition of the digitally native sneaker brand.
By Daphne Howland • Aug. 13, 2019 -
Daphne Howland/Retail Dive
Neiman Marcus sued again over MyTheresa transfer
UMB Bank alleges the corporate reshuffling of the "billion-dollar crown-jewel asset" was fraudulent and used to extract concessions from lenders.
By Ben Unglesbee • Updated Aug. 12, 2019 -
Target expands Levi's offering with Red Tab items
The back-pocket trademark has been a sign of authenticity for decades, and signals the mass merchant's confidence in attracting high-spending customers.
By Daphne Howland • Aug. 12, 2019 -
Rite Aid names new CEO
Heyward Donigan is a seasoned healthcare executive, suggesting that the drugstore will join rivals in emphasizing medical services over retail.
By Daphne Howland • Aug. 12, 2019 -
Retrieved from Walmart on July 03, 2019
Is Walmart doing enough to protect workers in its supply chain?
The retailer has been auditing, investigating and reporting on its supply chain to clean up labor abuses, but experts say current best practices fall short.
By Ben Unglesbee • Aug. 12, 2019 -
Pier 1 faces NYSE delisting, again
For the second time this year, the home goods retailer received notice that it isn't compliant with listing criteria.
By Kaarin Moore • Aug. 9, 2019 -
Farfetch buys luxury platform New Guards Group for $675M
The move expands the high-end marketplace's capabilities and brings Virgil Abloh's Off-White, already a top seller on its site, into its portfolio.
By Daphne Howland • Aug. 9, 2019 -
J.C. Penney escapes NYSE de-listing threat
Improved profit numbers and other good news helped push the retailer's stock prices over $1 long enough to regain compliance with the stock exchange.
By Daphne Howland , Ben Unglesbee • Updated Dec. 3, 2019 -
Daphne Howland/Retail Dive
Le Tote grabs Lord & Taylor for $100M
The deal ties up HBC and the apparel rental company in a few ways, and gives the department store a fighting chance.
By Daphne Howland • Updated Aug. 28, 2019
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