Financial News: Page 157
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Wayfair posts $182M loss
Net loss continues to widen for the online furniture retailer, raising concerns from analysts about the "long-term viability of the business."
By Caroline Jansen • Aug. 1, 2019 -
Lingerie startup Lively snapped up by Wacoal for $85M
The 70-year-old company gains digital chops, while the upstart gets new manufacturing and distribution resources and the chance to go global.
By Daphne Howland • Aug. 1, 2019 -
Retrieved from Target on August 01, 2019
Target launches 'archives' collection highlighting design partnerships
The mass merchant is celebrating 20 years of working with famed designers to deliver its signature cheap chic offering to customers.
By Ben Unglesbee • Aug. 1, 2019 -
A.C. Moore names its next CEO
Anthony Piperno will take over the chief executive role from his father after taking on the title of president last year.
By Ben Unglesbee • Aug. 1, 2019 -
Cara Salpini/Retail Dive
WSJ: Nordstrom family working to boost stake
The department store's stock price has plummeted to below last year's cash offer from the group, which was rejected by its board as inadequate.
By Daphne Howland • Aug. 1, 2019 -
The Container Store opens new retail concept in LA
The location is dedicated solely to its Custom Closets business, indicating the company is placing greater emphasis on offering solutions over products.
By Caroline Jansen • July 31, 2019 -
J.C. Penney replaces head of stores
Michael Robbins, chief of stores and supply chain, is on his way out, with Shopko vet Jim DePaul set to take over store operations.
By Ben Unglesbee • July 31, 2019 -
Gucci hires diversity chief
The luxury Italian label hopes to change its internal culture and global brand strategy following controversial missteps earlier this year.
By Daphne Howland • July 31, 2019 -
Retrieved from Amazon on July 30, 2019
Amazon adds styling service to Prime Wardrobe
The $5-a-month personalized shopping platform uses humans to help generate apparel recommendations, driving Wardrobe deeper into Stitch Fix's territory.
By Ben Unglesbee • July 30, 2019 -
Kaarin Vembar/Retail Dive
Under Armour execs 'bullish' on North America
Despite missed expectations and a revenue decline in the region, executives are confident in a five-year turnaround now in its second quarter.
By Cara Salpini • July 30, 2019 -
Ralph Lauren still sluggish at home
The brand is gaining fans at home among younger consumers, but its clearest momentum is found in China.
By Daphne Howland • July 30, 2019 -
UBS: 'Off-price is increasingly competing with itself'
Department store closures should be boosting the retailers further, but Amazon and others are attracting their best shoppers instead, the analysts said.
By Daphne Howland • July 30, 2019 -
Standard Cognition raises $35M for Amazon Go-like tech
The startup claims unnamed retailers are testing its technology for their stores.
By Tatiana Walk-Morris • July 29, 2019 -
WWD: J. Crew cuts 'dozens' of corporate staff at namesake brand
The company can only ramp up newer, better-performing Madewell so fast, making expense cuts critical.
By Daphne Howland • July 29, 2019 -
Costco releases digital membership card
The feature allows members to use the retailer's app in lieu of a physical card when entering the warehouse and checking out.
By Tatiana Walk-Morris • July 29, 2019 -
Ascena names new CFO
The apparel group has trimmed its operations and unloaded Maurices and Dressbarn, but its financial struggles continue.
By Daphne Howland • July 29, 2019 -
Deep Dive
Can retailers break up with the mall?
When a once-healthy relationship goes bad, stores can change or leave. But where will they go?
By Daphne Howland • July 29, 2019 -
J.C. Penney added to Fitch's 'loans of concern' list
All three major ratings firms this week pointed to continued financial risk in the retail industry as consumers keep shifting online and debt loads weigh businesses down.
By Ben Unglesbee • July 26, 2019 -
Toymakers aren't playing around as sales stabilize
Hasbro and Mattel continue to make progress retooling operations in a segment saturated by digital and abandoned by its biggest retail channel.
By Daphne Howland • July 26, 2019 -
ModCloth launches outlet site
The new discount section of the apparel brand's website is meant to win new shoppers and get in on retail's main clearance period.
By Ben Unglesbee • July 26, 2019 -
Amazon profits miss as expenses surge
The company's AWS cloud unit may have slipped, but its retail operations demonstrated some uncharacteristic vigor even before Prime Day.
By Daphne Howland • July 26, 2019 -
Private equity owners have killed 600K retail jobs, report says
Buyouts by investment firms have resulted in dozens of retailers being heavily indebted over the years, leaving many of them bankrupt or vulnerable.
By Ben Unglesbee • July 25, 2019 -
Cara Salpini/Retail Dive
Nike sells Hurley to Bluestar Alliance
The deal was made to allow the sportswear giant to focus on investments in its Consumer Direct Offense.
By Cara Salpini • Updated Oct. 30, 2019 -
Best Buy taps new CFO from within
Matt Bilunas is being promoted to replace Corie Barry, who became chief executive last month.
By Daphne Howland • July 25, 2019 -
Retrieved from Ebay on July 24, 2019
EBay to launch end-to-end fulfillment service for sellers
The service, called Managed Delivery, will allow high-volume sellers to store, pack and ship orders through eBay's network of approved third-party vendors.
By Morgan Forde • July 25, 2019
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