Financial News: Page 159


  • Ulta storefront
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    Courtesy of Ulta
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    Ulta lowers guidance on weak cosmetics market

    CEO Mary Dillon said cosmetics, which makes up about 50% of the retailer's business, has been "challenged" in the U.S. market lately.

    By Aug. 30, 2019
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    Stylitics
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    AI platform Stylitics raises $15M in Series B funding

    The outfitting tech company saw a 350% increase in revenue and recently added retailers Ann Taylor, Calvin Klein, Gap and Macy's.

    By Tatiana Walk-Morris • Aug. 29, 2019
  • Dollar stores in Q2: Dollar General taps new COO, Five Below eyes 150 new stores

    While Dollar General and Five Below together opened hundreds of new stores, Dollar Tree shuttered nearly 300 Family Dollar stores.

    By Aug. 29, 2019
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    Daphne Howland/Retail Dive
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    Does Le Tote hold a new beginning or the end for Lord & Taylor?

    The department store is getting its last chance from an apparel rental service. If the strange deal works, it could be a game-changer for both. But the real winner may be HBC.

    By Aug. 29, 2019
  • Williams-Sonoma pulls inventory forward to mitigate tariff impact

    CEO Laura Alber told analysts the company is also on track to move half of its production out of China by next year.

    By Aug. 29, 2019
  • Tariffs could take $6M bite out of Abercrombie & Fitch Co. bottom line

    The apparel company's already slow recovery isn't helped by new and proposed levies, and it's moving to source less from China.

    By Aug. 29, 2019
  • WSJ: Forever 21 nears bankruptcy

    The newspaper reported that the teen retailer could file as early as Sunday, but the company disputed the report.

    By Updated Sept. 12, 2019
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    Best Buy
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    Best Buy narrows outlook amid trade levies

    With a broad assortment, strong omnichannel and high-touch services, the electronics retailer is poised to weather the uncertainty, analysts say.

    By Aug. 29, 2019
  • Charming Charlie IP goes on the auction block

    The retailer's assets include customer databases for 7 million loyalty members, 6.8 million opt-in email addresses and 3 million physical addresses.

    By Aug. 28, 2019
  • Hong Kong unrest undermines Tiffany's strength

    The famed jeweler needs the China market more than ever as sentiment falters among consumers at home, signaling trouble for the holidays.

    By Aug. 28, 2019
  • Liberty Tax to buy beleaguered Sears Hometown's Outlet business for $133M

    The acquisition follows a deal by the reconstituted Sears to buy the Hometown business and adds to the tax prep company's growing lretail business.

    By Aug. 28, 2019
  • Soma lifts Chico's in Q2

    The retail company swung to a loss in the period, but executives expressed confidence in the turnarounds at White House Black Market and its namesake.

    By Aug. 28, 2019
  • L Brands hit with class action over financial disclosures

    A shareholder lawsuit alleges the retailer painted a misleading picture about its ability to pay out dividends in the face of profit declines. 

    By Aug. 27, 2019
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    Boll & Branch
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    DTC bedding brand Boll & Branch raises $100M

    The startup, focused on sustainability and social impact, said it will use the fresh funds to grow its selling channels and expand into adjacent categories.

    By Aug. 27, 2019
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    "J.Jill" by Corey Coyle is licensed under CC BY 3.0
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    J. Jill swings to a loss

    The retailer has downsized its headquarters, both in space and headcount, and is streamlining operations, including shortening its production calendar.

    By Aug. 27, 2019
  • Ascena disputes problems with lenders

    A failure to communicate and pay proceeds from its Maurices sale led some to wonder if the company is mulling bankruptcy, the New York Post reported.

    By Aug. 27, 2019
  • Cole Haan files confidential IPO

    The retailer, which is owned by private equity firm Apax Partners, said the price range and number of shares for the offering has yet to be determined.

    By , Updated Oct. 21, 2019
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    Retrieved from Target on August 26, 2019
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    Target and Disney partner to open 25 toy shops

    The entertainment giant is growing its retail presence with store-within-a-store concepts at Target, expanding the mass merchant's toy offerings.

    By Aug. 26, 2019
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    Retrieved from Walmart on August 26, 2019
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    Walmart launches private label skincare line

    Earth to Skin offers clean beauty products for under $10, and could be a threat to Amazon's recent Belei brand.

    By Aug. 26, 2019
  • Amazon to invest $15B in tools for third-party sellers in 2019

    The announcement comes after reports that the e-commerce giant booted some sellers off its platform.

    By Tatiana Walk-Morris • Aug. 26, 2019
  • 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 Aug. 26, 2019
  • Wide angle photo showing the interior of a storefront with seating in the foreground and clothes on hangers in the background, plus clothing shopping bags on the right for online order pickups.
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    Permission granted by Rent the Runway
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    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 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 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 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 Aug. 23, 2019