Financial News: Page 160


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    Retrieved from Target on July 08, 2019
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    Target heads to campus with more small-format stores

    The retailer will open three additional locations near universities that offer grab-and-go food items, household essentials and school supplies.

    By Jessica Dumont • July 9, 2019
  • VF Corp names new head of Dickie's brand

    The apparel and footwear company tapped Denny Bruce — who has worked at Skullcandy, Vans and Burton Snowboards — to run the workwear brand. 

    By July 8, 2019
  • Bloomberg: Amazon workers plan Prime Day strike in Minnesota

    The stoppage would fall on the first day of the sales event and follow walk-outs at the same facility in recent months as workers press for better conditions. 

    By Updated July 8, 2019
  • Hudson’s Bay launches iOS shopping app

    The bilingual app lets in-store shoppers scan product barcodes to search for additional styles and sizes and see more detailed product descriptions. 

    By Robert Williams • July 8, 2019
  • Retail group urges antitrust scrutiny of Amazon, Google

    The Retail Industry Leaders Association, which represents Walmart and Target among others, voiced concern about control over product search.

    By July 3, 2019
  • Recode: Walmart faces $1B e-commerce loss, may sell ModCloth

    The retail giant's e-commerce has grown quickly, but at a cost, and without achieving the primary goal of denting Amazon's market share.

    By July 3, 2019
  • UBS: Nordstrom is a 'no-growth retailer'

    The department store is challenged by casualization in apparel and bested by lower priced rivals, prompting the analysts' downgrade.

    By July 3, 2019
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    Retrieved from Walmart on May 30, 2019
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    Walmart leads NRF's top 100 retailers

    Even though Amazon is still recognized as a disruptor, the e-commerce giant has failed to catch up to the world's largest retailer.

    By July 2, 2019
  • Francesca's CFO to depart

    Also on Monday, the company's 12-1 reverse stock split had its intended effect, boosting its per-share price to around $5, a necessity as it faces delisting.

    By July 2, 2019
  • Macy's accused of racial discrimination on the basis of criminal history

    Plaintiffs alleged the store's hiring practices disparately impact black and Latino applicants and workers. 

    By Jennifer Carsen • Updated July 2, 2019
  • Coty to write down $3B in turnaround plan

    The company is streamlining its operations and rebuilding its brands, and has already received positive feedback from U.S. retail partners, executives said.

    By July 1, 2019
  • PetSmart upgraded thanks in part to Chewy IPO

    Moody's said the upgrade was due to the brand's success in going public, which allowed the retailer to repay some of its debt.

    By Updated July 16, 2019
  • Consumer sentiment fell in June amid tariff threats

    One measure of confidence found that it had fallen to its lowest levels since September 2017. 

    By July 1, 2019
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    Gartner L2
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    Retailer loyalty programs ramp up experiential benefits

    A new Gartner L2 report reveals that while most programs offer monetary rewards, driving emotional loyalty can build brand affinity.

    By Lisa Rowan • July 1, 2019
  • Deep Dive

    The wealth gap is a retail problem

    It's convenient to blame Amazon for retailers' struggles, but the real culprits may be the rising costs and stagnant income dragging down the middle class.

    By July 1, 2019
  • Ex-Toys R Us employees win $2M severance agreement

    The agreement is mostly a symbolic win for employees of the failed retailer, who are set to get up to $60 each out of the settlement. 

    By June 28, 2019
  • Walmart quashes local grocery competition

    The retail giant claims 50% or more of grocery sales in more than 200 towns and cities across the U.S., according to the Institute for Local Self-Reliance. 

    By Jessica Dumont • Updated June 28, 2019
  • Lowe's announces new Charlotte tech center, up to 2K hires

    With the tech hub and additional employees, the home improvement retailer wants to update its tech to improve customer experience.

    By Tatiana Walk-Morris • June 28, 2019
  • Nike House of Innovation New York storefront
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    Courtesy of Nike
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    Nike's women's business grows by double digits in 2019

    "It's hard to overstate how important this year has been to the evolution of the women's offense at Nike," CEO Mark Parker said of the strong results.

    By June 28, 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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    Rent the Runway and Nordstrom team up

    The partnership adds brick-and-mortar fulfillment to the fashion rental service, and furthers the department store's push to offer high-touch services.

    By June 28, 2019
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    Retrieved from Amazon on June 27, 2019
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    Amazon adds counter parcel pickup in 100 Rite Aid stores

    For the struggling drugstore retailer, converting Amazon orders into store traffic holds promise.

    By Emma Cosgrove • June 27, 2019
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    Ryan Golden/Retail Dive
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    Walmart Labs builds out its candidate pipeline with 'returnships'

    The retailer is looking to expand its tech talent pool.

    By Ryan Golden • June 27, 2019
  • H&M plans fewer new stores in hard e-commerce push

    The fast-fashion retailer also said that its partnership with omnichannel payments platform Klarna will expand to the U.S. in the fall.

    By June 27, 2019
  • Walgreens retail falters on lower tobacco sales

    The drugstore retailer in the third quarter managed to edge past expectations but isn't raising its outlook.

    By June 27, 2019
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    Retrieved from Walmart on June 06, 2017
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    Walmart now accepts SNAP benefits at all pickup locations

    The retailer launched an online SNAP pilot earlier this spring and currently offers grocery pickup at more than 2,500 stores nationwide. 

    By Jessica Dumont • June 27, 2019