Financial News: Page 156
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Deep Dive
How Barneys New York lost its cool
The upscale retailer eschewed safe choices to bring the department store concept into the 21st century. It might liquidate in a matter of weeks.
By Daphne Howland • Aug. 8, 2019 -
Barnes & Noble, new owner close sale
The largest book chain in the U.S. is now a private company, and its new leadership says it's committed to physical stores.
By Daphne Howland • Aug. 8, 2019 -
Opinion
Why retailers need to revisit their real estate strategies
The longstanding formula for ramping up real estate needs an update, write A&G Realty Partners' Peter Lynch and Jon Graub.
By Jon Graub and Peter Lynch • Aug. 8, 2019 -
CVS handily beats estimates, hikes 2019 forecast
The tailwinds helping the chain in the first quarter kept blowing in the second, generating revenue of $63.4 billion largely due to the Aetna acquisition.
By Rebecca Pifer • Aug. 8, 2019 -
A'gaci to auction IP in Ch. 11
After opting to liquidate in its second bankruptcy in less than two years, the apparel retailer is selling off its name and other brand assets.
By Caroline Jansen , Ben Unglesbee • Updated Sept. 18, 2019 -
26 Sears, Kmart stores to close in October
The brands' new parent company, TransformCo, announced earlier this week that it "cannot rule out additional store closures in the near term."
By Caroline Jansen • Aug. 7, 2019 -
FedEx Ground won't renew delivery contract with Amazon
Until recently, parcel carriers brushed off the threat of Amazon's growing logistics network. That tune has changed.
By Matt Leonard • Aug. 7, 2019 -
Walgreens to shutter 200 US locations
The closures are part of a wider plan to capture more than $1.5 billion in cost saving each year, but in part reflect a lack of investment in store operations.
By Daphne Howland • Aug. 7, 2019 -
Is real estate poised to save retail?
Three years ago, Simon Property Group and GGP helped rescue an ailing Aeropostale. Now David Simon says there's more where that came from.
By Daphne Howland • Aug. 7, 2019 -
Retrieved from Nike on June 11, 2019
Nike buys data analytics startup Celect to boost DTC sales
Retailers use data from the cloud-based platform to optimize their inventories with hyper-local demand predictions.
By Robert Williams • Aug. 7, 2019 -
Courtesy of Office Dept
Office Depot pivot takes a toll on the bottom line
But the company's switch from traditional big-box retailer to a high-touch business solutions provider is boosting revenue, even in stores.
By Daphne Howland • Aug. 7, 2019 -
A'gaci shutters e-commerce operations
The move comes amid social media buzz about landlords locking doors in response to the retailer's failure to pay rent.
By Caroline Jansen • Aug. 6, 2019 -
Barneys New York expands financing to $218M
A New York bankruptcy court also approved $75 million of that, which the retailer said would help it pay vendors and employees as it works to sell itself.
By Daphne Howland • Updated Aug. 7, 2019 -
Francesca's adopts 'poison pill' after firm grabs nearly 22% stake
Cross River Capital and its entities say they have been in touch with the board and may go directly to shareholders to spur operational changes.
By Daphne Howland • Aug. 6, 2019 -
Apparel retailer Avenue quietly closes some store locations
There have been multiple reports of the plus-size retailer scaling back its brick-and-mortar footprint.
By Kaarin Moore • Aug. 6, 2019 -
Retrieved from Walmart on May 30, 2019
Walmart may tap unbanked market with cryptocurrency plan
The retailer filed a patent Thursday to develop a cryptocurrency as an end-run around credit card transaction fees.
By Dan Ennis • Aug. 6, 2019 -
CVS expands paid membership program nationwide
The retailer's CarePass pilot is being rolled out to all of its markets after finding it resonates with consumers of all ages.
By Daphne Howland • Aug. 5, 2019 -
Victoria's Secret cancels its runway show
The brand is under fire in the #MeToo era as smaller rivals take share, especially among younger shoppers.
By Daphne Howland • Aug. 5, 2019 -
Tariff whiplash is already taking a toll on retail
Retailers and brands have been scrambling to source elsewhere besides China, but it's not easy, quick or even possible for everyone.
By Ben Unglesbee • Aug. 5, 2019 -
Ascena tries to avoid delisting with reverse stock split
The retail group, which owns brands including Ann Taylor and Loft, has until Jan. 27 to regain compliance.
By Kaarin Moore , Ben Unglesbee • Updated Dec. 19, 2019 -
GameStop to lay off 50 staffers
In an internal email leaked on Twitter, the retailer said that it's reducing leadership positions as it seeks cost cuts.
By Ben Unglesbee • Aug. 2, 2019 -
Yujin Kim/Retail Dive
Moody's: Despite Amazon's online dominance, retail as competitive as ever
Analysts pointed to digital investments as a sign that consumers benefit from retailers' competition with Amazon, but critics see deeper problems.
By Ben Unglesbee • Aug. 2, 2019 -
Etsy boosts guidance as Q2 profits soar
Shares tumbled late Thursday, though, as the marketplace's sales missed expectations. But executives say they're confident in the future.
By Daphne Howland • Aug. 2, 2019 -
Zulily to lay off undisclosed number of employees amid sales slump
The flash sales site aims to return to growth through marketing improvements and a global expansion, executives said in May.
By Daphne Howland • Aug. 2, 2019 -
Lowe's slashes store-level jobs
The home improvement retailer announced layoffs among its maintenance and product-assembly staff as it looks to outsource the positions.
By Caroline Jansen • Aug. 2, 2019
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