Financial News: Page 160


  • UBS: 'Off-price is increasingly competing with itself'

    Department store closures should be boosting the retailers further, but Amazon and others are attracting their best shoppers instead, the analysts said.

    By July 30, 2019
  • Standard Cognition raises $35M for Amazon Go-like tech

    The startup claims unnamed retailers are testing its technology for their stores.

    By Tatiana Walk-Morris • July 29, 2019
  • WWD: J. Crew cuts 'dozens' of corporate staff at namesake brand

    The company can only ramp up newer, better-performing Madewell so fast, making expense cuts critical.

    By July 29, 2019
  • Costco releases digital membership card

    The feature allows members to use the retailer's app in lieu of a physical card when entering the warehouse and checking out. 

    By Tatiana Walk-Morris • July 29, 2019
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    "Dressbarn" by Dwight Burdette is licensed under CC BY 3.0
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    Ascena names new CFO

    The apparel group has trimmed its operations and unloaded Maurices and Dressbarn, but its financial struggles continue.

    By July 29, 2019
  • Deep Dive

    Can retailers break up with the mall?

    When a once-healthy relationship goes bad, stores can change or leave. But where will they go?

    By July 29, 2019
  • J.C. Penney added to Fitch's 'loans of concern' list

    All three major ratings firms this week pointed to continued financial risk in the retail industry as consumers keep shifting online and debt loads weigh businesses down.

    By July 26, 2019
  • Toymakers aren't playing around as sales stabilize

    Hasbro and Mattel continue to make progress retooling operations in a segment saturated by digital and abandoned by its biggest retail channel.

    By July 26, 2019
  • ModCloth launches outlet site

    The new discount section of the apparel brand's website is meant to win new shoppers and get in on retail's main clearance period.

    By July 26, 2019
  • Amazon profits miss as expenses surge

    The company's AWS cloud unit may have slipped, but its retail operations demonstrated some uncharacteristic vigor even before Prime Day.

    By July 26, 2019
  • Private equity owners have killed 600K retail jobs, report says

    Buyouts by investment firms have resulted in dozens of retailers being heavily indebted over the years, leaving many of them bankrupt or vulnerable.

    By July 25, 2019
  • A Nike storefront in SoHo
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    Cara Salpini/Retail Dive
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    Nike sells Hurley to Bluestar Alliance

    The deal was made to allow the sportswear giant to focus on investments in its Consumer Direct Offense.

    By Updated Oct. 30, 2019
  • Best Buy taps new CFO from within

    Matt Bilunas is being promoted to replace Corie Barry, who became chief executive last month. 

    By July 25, 2019
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    Retrieved from Ebay on July 24, 2019
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    EBay to launch end-to-end fulfillment service for sellers

    The service, called Managed Delivery, will allow high-volume sellers to store, pack and ship orders through eBay's network of approved third-party vendors.

    By Morgan Forde • July 25, 2019
  • 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