Financial News: Page 160
-
Stein Mart adds Amazon lockers to 200 stores
Like Kohl's, the retailer hopes to drive traffic to stores through the partnership. But the e-commerce giant may be the real winner.
By Daphne Howland • May 22, 2019 -
Target grabs share as Q1 sales spike 5%
The mass merchant's digital sales boomed during the quarter, growing more than 40%, as customers flocked to its same-day fulfillment services.
By Ben Unglesbee • May 22, 2019 -
Beyond polo shirts: The inclusivity movement comes for men's fashion
Streetwear, suits and yet more polos aren't the only things bigger men want to wear. Brands that make the extra effort could corner the market.
By Daphne Howland • May 22, 2019 -
Walmart unveils new HQ
The campus, which will remain in Arkansas, will feature natural light, more food offerings and a child care facility.
By Valerie Bolden-Barrett • May 21, 2019 -
J.C. Penney hires Guess VP to lead troubled women's apparel category
Victor Ejarque Lopez is the department store retailer's latest hire as it fills out its management ranks and tries to move past recent misfires.
By Ben Unglesbee • Updated June 5, 2019 -
TJX raises guidance as store traffic boost drives sales
The tariffs bedeviling the retail sector could actually help the off-pricer gain some market share as competitors consolidate or otherwise retreat.
By Daphne Howland • May 21, 2019 -
Nike, Adidas and others call on Trump to remove footwear from tariff list
In an open letter, brands called the proposed tariffs "catastrophic" and estimated a $7 billion annual impact on consumers.
By Matt Leonard • May 21, 2019 -
Modsy raises $37M in Series C funding
The online interior design service said it plans to further invest in 3D technology and expand its furniture marketplace.
By Caroline Jansen • May 21, 2019 -
Kohl's slashes guidance as sales and profits sag
The discount department store also announced a tie-up with Fanatics to sell licensed sports apparel online, beginning in the fall.
By Daphne Howland • May 21, 2019 -
David's Bridal downgraded months after emerging from bankruptcy
In January, the wedding retailer exited Chapter 11. Now, it's been downgraded again on weak performance and "potentially unsustainable" debt levels.
By Ben Unglesbee • Updated May 21, 2019 -
Dressbarn sells IP, will relaunch online in 2020
The discounter also said it will shutter all 544 stores by the day after Christmas, with closeout sales at all locations starting Friday.
By Daphne Howland • Updated Oct. 31, 2019 -
Coresight: 12K stores could shutter in 2019
Bankruptcy liquidations and fleet rationalizations led to thousands of announced closures, with this year's total already surpassing all of 2018.
By Ben Unglesbee • May 20, 2019 -
Overstock CEO defends sale of 900K shares
In a combative, colorful and rambling letter, Patrick Byrne shot back against critics questioning his dramatic sale of stock in the company he founded.
By Daphne Howland • May 20, 2019 -
Walmart: Tariffs will lead to higher prices
The levy increases arrive at a particularly bad time for the retailer as it seeks to speed up fulfillment to match Amazon.
By Emma Cosgrove • May 20, 2019 -
Macy's Herald Square could get an office tower topper
There are few details yet about a controversial scheme that was floated for three years and would likely unlock value from the retailer's real estate.
By Daphne Howland • May 17, 2019 -
Consumers unexpectedly send April retail sales down
Core retail declined 0.2% for the month, but, year over year bounced 2.8% as e-commerce rose 9%, according to the U.S. government.
By Daphne Howland • May 16, 2019 -
What the Harry's acquisition means for retailers
Yet another startup has been scooped up by a consumer products giant hoping to profit from its close connection to customers.
By Daphne Howland • May 16, 2019 -
Walmart posts best US comps in 9 years
The online giant posted e-commerce growth in the U.S. of 37% and overall comp sales growth of 3.4% as investments begin to pay off.
By Ben Unglesbee • May 16, 2019 -
Reuters: Kohl's reportedly interested in At Home acquisition
The furniture retailer, which unlike many in the competitive category has kept its focus on brick and mortar, wants to sell itself.
By Daphne Howland • May 16, 2019 -
Macy's leans on off-price, mobile and 'Growth50'
The company is wary of escalating trade tensions between the U.S. and China and warned that it won't be able to stave off the impact of tariffs indefinitely.
By Daphne Howland • May 15, 2019 -
Feather secures $12M in Series A funding, expands into LA
In addition to a West Coast expansion, the DTC furniture subscription company said it would use its latest funding to increase headcount.
By Caroline Jansen • May 15, 2019 -
Away's runway for growth expands with $1.4B valuation
With another $100 million in funding, the direct-to-consumer luggage brand plans to increase its assortment, physical footprint and international presence.
By Cara Salpini • May 15, 2019 -
UBS: Tariffs could put $40B in sales and 12K stores at risk
Newly enacted 25% tariffs on Chinese goods could accelerate closures of as much as 10% of the industry's footprint.
By Daphne Howland • May 14, 2019 -
PVH reveals ambitious sustainability goals
The fashion conglomerate, which operates brands like Calvin Klein and Tommy Hilfiger, introduced a plan with 15 targets for increased transparency.
By Kaarin Moore • May 14, 2019 -
Ralph Lauren turnaround gains traction
The apparel retailer is winning over younger consumers, but it may need to be bolder in a highly competitive environment, especially at home.
By Daphne Howland • May 14, 2019
Previous
