Financial News: Page 159
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Courtesy of Ulta
Ulta goes international with plans for Canada
CEO Mary Dillon said the retailer is starting small in the country, with physical stores and an e-commerce presence, but is prepared to scale quickly.
By Cara Salpini • May 31, 2019 -
Gap Inc. defends Old Navy spin-off after soft Q1
With comps down at the company's usually well-performing discount brand and ongoing missteps at its namesake, analysts worry that a split is ill-advised.
By Daphne Howland • May 31, 2019 -
J. Jill plunges on Q1 sales miss
A cool spring, fewer print catalogs and overly subdued apparel hurt sales, but most of that can be corrected, according to CEO Linda Heasley.
By Daphne Howland • May 31, 2019 -
Dollar store profits bounce back in Q1, but tariffs are a wildcard
Dollar General and Dollar Tree reported gains as they tinkered with stores and assortments, but management projections don't account for proposed duties.
By Ben Unglesbee • May 30, 2019 -
Ikea testing new app with shoppable feed, AR
The technology will first roll out in France and the Netherlands, with the goal to reach additional markets by the end of 2019.
By Caroline Jansen • May 30, 2019 -
J. Crew to shutter 20 flagship, outlet stores
Cost cuts helped boost first quarter profits, but the company remains mired in debt and growth slowed at Madewell, where its hopes are pinned.
By Daphne Howland • May 30, 2019 -
Dick's raises guidance on earnings beat
E-commerce sales rose 15%, but net income was lower than the prior year and the retailer is still facing pressure from the likes of Nike and Lululemon.
By Cara Salpini • May 29, 2019 -
Abercrombie & Fitch store closures hit Q1 sales
But right-sizing its footprint is essential to the success of its turnaround, analysts say.
By Daphne Howland • May 29, 2019 -
New tariffs could imperil Best Buy, Dick's and Bed Bath & Beyond
J.P. Morgan looks at which retailers would lose the most in a "disaster" scenario after the Trump Administration's latest trade salvos.
By Ben Unglesbee • May 29, 2019 -
Lands' End to take final steps away from Sears
As it exits store-within-a-store locations, the apparel retailer previously announced plans to open 40 to 60 owned stores in the next several years.
By Caroline Jansen • May 29, 2019 -
Walmart names Amazon veteran as CTO
Suresh Kumar formerly led the e-commerce giant's retail supply chain and inventory management systems.
By Samantha Schwartz • May 29, 2019 -
Walmart's grocery pickup is reaching new, high-value shoppers
According to recent research, the service is appealing to young, affluent parents, including many who have never shopped with the retailer before.
By Krishna Thakker • May 28, 2019 -
Courtesy of Sephora
Sephora to close US stores for inclusion training June 5
"We will never stop building a community where diversity is expected, self-expression is honored, all are welcomed, and you are included," Sephora said.
By Valerie Bolden-Barrett • May 28, 2019 -
Courtesy of Target
WSJ: Target eyes ad firm acquisition
The deal, for WPP's Triad unit, could strengthen Target's in-house ad sales expertise amid a mounting battle for digital dollars with Amazon and Walmart.
By Peter Adams • May 28, 2019 -
Which private equity-owned retailers are still at risk?
Three-fourths of retailers on Moody's distressed list have gone through private equity acquisitions. Will Wall Street's debt-fueled love for retail ever fade?
By Ben Unglesbee • May 28, 2019 -
Creditors approve Topshop owner's restructuring plan
U.K.-based Arcadia, which also filed for Chapter 15 in New York in May, can now move forward with its turnaround.
By Daphne Howland • Updated June 14, 2019 -
BarkBox launches subscriptions on Amazon
As the sector gets more saturated, a partnership with the e-commerce giant better positions the pet retailer against competition.
By Kaarin Moore • May 24, 2019 -
Courtesy of L Brands
L Brands' real secret is Bath & Body Works
As the company runs into trouble with Victoria's Secret, the personal care brand keeps boosting its performance quarter after quarter.
By Daphne Howland • May 24, 2019 -
Inditex to split chairman, CEO roles
Pablo Isla, current executive chairman and chief executive, engineered the idea of bringing on COO Carlos Crespo for the top spot.
By Daphne Howland • May 24, 2019 -
Foot Locker falls short of earnings estimates
Despite rises in net income and comps, and particularly strong direct-to-consumer sales, the athletics retailer disappointed analysts.
By Cara Salpini • May 24, 2019 -
Amazon secures its own '.amazon' domain
The decision ushers in a new reality that could have wide-ranging implications for the e-commerce giant, its sellers and its rivals.
By Daphne Howland • May 23, 2019 -
Best Buy ekes out sales boost in challenging Q1
Despite strength continuing in the current quarter, the electronics retailer is sticking to its guidance for the full year under the shadow of new tariffs.
By Daphne Howland • May 23, 2019 -
Kendall Davis/Retail Dive
Deep DiveThe unicorns of retail
From Casper to Rent the Runway, four retail startups have hit $1 billion valuations in 2019. Here's a look at past and future plans for the companies.
By Cara Salpini • May 23, 2019 -
Deep Dive
Retailers cash in on a 'captive' college campus market
Department stores, supermarkets and even apparel brands are adding locations on or near institutions, though experts debate whether the activity marks a trend.
By Wayne D'Orio • May 23, 2019 -
Lowe's, The Home Depot see Q1 results dampened by rain
While both home improvement retailers were negatively affected by the unfavorable weather, analysts say Lowe's was better able to mitigate the toll.
By Caroline Jansen • May 22, 2019
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