Financial News: Page 160
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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 Daphne Howland • 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 Daphne Howland • 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 -
Ascena names new CFO
The apparel group has trimmed its operations and unloaded Maurices and Dressbarn, but its financial struggles continue.
By Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Ben Unglesbee • July 25, 2019 -
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 Cara Salpini • 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 Daphne Howland • July 25, 2019 -
Retrieved from Ebay on July 24, 2019
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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • July 23, 2019 -
Retrieved from Asos on March 27, 2018
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 -
Retrieved from Amazon on April 02, 2018
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 Daphne Howland • 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