Financial News: Page 158


  • New York City moves to collect retail vacancy data

    The metropolis is losing storefronts of all stripes as rents spike, leaving a blighted cityscape despite the economic boom.

    By July 25, 2019
  • Head of Gap's Athleta takes on exec role at Old Navy

    Nancy Green, who led the athletic brand as it doubled sales, will return to the discount banner as it prepares to spin off.

    By July 24, 2019
  • Textile waste has increased 811% since 1960

    More clothing is being purchased than ever before, but these items are worn fewer times, leading to skyrocketing waste. 

    By Matt Leonard • July 24, 2019
  • VF Corp boosts outlook as Vans continues its momentum

    The company's new fiscal year started out with strong sales, especially in its direct-to-consumer business.

    By July 24, 2019
  • Bed Bath & Beyond cuts corporate staff by 7%, including COO

    Eugene Castagna was out the door Tuesday after 25 years at the home goods retailer, five of them in a role that now no longer exists.

    By July 24, 2019
  • Alibaba brings e-commerce platform to US businesses

    As the Chinese e-commerce giant chases Amazon into the B2B market, it hopes to connect U.S. suppliers to the world.

    By July 23, 2019
  • Etsy to acquire music gear marketplace Reverb for $275M

    The startup will continue to operate separately, but the deal represents nice synergies for each, according to the companies.

    By July 23, 2019
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    Retrieved from Asos on March 27, 2018
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    Warehouse tech glitches cause $25M disruption for Asos

    The problems slashed the inventory available to customers, taking a bite out of sales and margins. 

    By Emma Cosgrove • July 23, 2019
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    Retrieved from Amazon on April 02, 2018
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    Amazon plans to open more Go stores in Chicago, Seattle

    The new locations are an indicator of the e-commerce giant’s brick-and-mortar expansion strategy.

    By Tatiana Walk-Morris • July 23, 2019
  • GNC to shutter up to 900 stores

    The closures will be mostly in malls as the supplements retailer continues to cut costs, which boosted operating income in the second quarter.

    By July 23, 2019
  • EBay announces new technology chief

    Along with the promotion of a longtime veteran to CTO, the company revealed other new hires, including alumni of Amazon, Twitter and Yahoo.

    By Lisa Rowan • July 23, 2019
  • Hollister's Gilly Hicks makes a comeback

    As Abercrombie & Fitch Co. scaled back its lingerie brand in recent years, rival American Eagle and a slew of pure-plays took on Victoria's Secret.

    By July 22, 2019
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    Retrieved from Ebay on July 22, 2019
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    EBay buys minority stake in Paytm Mall

    The investment gives the marketplace access to an audience of more than 450 million customers.

    By Lisa Rowan • July 22, 2019
  • Back-to-school spending expected to reach record highs

    While college shoppers plan to do most of their shopping online, the NRF found consumers as a whole aren't ruling out brick and mortar yet.

    By Tatiana Walk-Morris • July 22, 2019
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    Retrieved from Walmart on April 06, 2018
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    Walmart restructures supply chain team in omnichannel push

    The change brings distribution, fulfillment and transportation under one umbrella in the latest push to integrate digital and store operations.

    By Shefali Kapadia • July 22, 2019
  • Chewy narrows loss after IPO debut

    The pet e-tailer reported net sales rose 45% to $1.1 billion in its first earnings release as a public company.

    By July 19, 2019
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    Retrieved from Amazon on October 09, 2018
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    WSJ: Amazon entices sellers to part with brands for as low as $10K

    In exchange for increased visibility and other perks, businesses reportedly agree to be acquired at the e-commerce giant's discretion.

    By July 19, 2019
  • J.C. Penney says it has not hired bankruptcy advisers

    The struggling retailer is moving to protect a long-running turnaround and avoid bankruptcy, according to earlier press reports.

    By Updated July 19, 2019
  • Saks Fifth Avenue opens new men's shoe space at its NYC flagship

    The revamped area furthers Hudson's Bay Co.'s hopes that the $250 million renovation of its luxury department store might be a lifeline.

    By July 19, 2019
  • Nordstrom faces backlash over Anniversary Sale early access

    Tiered loyalty programs have emerged as a way to meaningfully reward customers. But there's confusion about Nordy Club's perks before the highly anticipated event officially begins.

    By July 18, 2019
  • EBay may put up StubHub and Classifieds for sale

    Unloading either business could challenge its already weaker marketplace, though analysts expressed confidence in those core operations.

    By July 18, 2019
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    Tru Kids
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    Tru Kids, b8ta to open 2 Toys R Us stores in time for the holidays

    The defunct toy retailer is making a comeback through a joint venture that will focus stores around experience and generate revenue from vendor fees.

    By July 18, 2019
  • Chico's-owned Soma to sell fit tech bra through b8ta

    In addition to offering its "SOMAINNOFIT" bra in the retail concept's stores, the intimates brand also announced an expanded partnership with QVC.

    By July 18, 2019
  • Former Petco CEO named president of Party City

    Brad Weston also previously served as the chief merchandising officer at Dick's Sporting Goods. 

    By July 18, 2019
  • Opinion

    Why M&A deal values dropped so dramatically in 2018

    Legacy players are under attack, and incumbents are starting to reexamine portfolios, write A.T. Kearney's Bahige El-Rayes and Alexandre Terseleer.

    By Bahige El-Rayes and Alexandre Terseleer • July 18, 2019