Financial News: Page 157
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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 -
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
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