Financial News: Page 158
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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 -
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 -
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 -
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 -
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
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