Financial News: Page 159
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A'gaci shutters e-commerce operations
The move comes amid social media buzz about landlords locking doors in response to the retailer's failure to pay rent.
By Caroline Jansen • Aug. 6, 2019 -
Barneys New York expands financing to $218M
A New York bankruptcy court also approved $75 million of that, which the retailer said would help it pay vendors and employees as it works to sell itself.
By Daphne Howland • Updated Aug. 7, 2019 -
Francesca's adopts 'poison pill' after firm grabs nearly 22% stake
Cross River Capital and its entities say they have been in touch with the board and may go directly to shareholders to spur operational changes.
By Daphne Howland • Aug. 6, 2019 -
Apparel retailer Avenue quietly closes some store locations
There have been multiple reports of the plus-size retailer scaling back its brick-and-mortar footprint.
By Kaarin Moore • Aug. 6, 2019 -
Retrieved from Walmart on May 30, 2019
Walmart may tap unbanked market with cryptocurrency plan
The retailer filed a patent Thursday to develop a cryptocurrency as an end-run around credit card transaction fees.
By Dan Ennis • Aug. 6, 2019 -
CVS expands paid membership program nationwide
The retailer's CarePass pilot is being rolled out to all of its markets after finding it resonates with consumers of all ages.
By Daphne Howland • Aug. 5, 2019 -
Victoria's Secret cancels its runway show
The brand is under fire in the #MeToo era as smaller rivals take share, especially among younger shoppers.
By Daphne Howland • Aug. 5, 2019 -
Tariff whiplash is already taking a toll on retail
Retailers and brands have been scrambling to source elsewhere besides China, but it's not easy, quick or even possible for everyone.
By Ben Unglesbee • Aug. 5, 2019 -
Ascena tries to avoid delisting with reverse stock split
The retail group, which owns brands including Ann Taylor and Loft, has until Jan. 27 to regain compliance.
By Kaarin Moore , Ben Unglesbee • Updated Dec. 19, 2019 -
GameStop to lay off 50 staffers
In an internal email leaked on Twitter, the retailer said that it's reducing leadership positions as it seeks cost cuts.
By Ben Unglesbee • Aug. 2, 2019 -
Yujin Kim/Retail Dive
Moody's: Despite Amazon's online dominance, retail as competitive as ever
Analysts pointed to digital investments as a sign that consumers benefit from retailers' competition with Amazon, but critics see deeper problems.
By Ben Unglesbee • Aug. 2, 2019 -
Etsy boosts guidance as Q2 profits soar
Shares tumbled late Thursday, though, as the marketplace's sales missed expectations. But executives say they're confident in the future.
By Daphne Howland • Aug. 2, 2019 -
Zulily to lay off undisclosed number of employees amid sales slump
The flash sales site aims to return to growth through marketing improvements and a global expansion, executives said in May.
By Daphne Howland • Aug. 2, 2019 -
Lowe's slashes store-level jobs
The home improvement retailer announced layoffs among its maintenance and product-assembly staff as it looks to outsource the positions.
By Caroline Jansen • Aug. 2, 2019 -
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
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