Financial News: Page 161
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Daphne Howland/Retail Dive
Neiman Marcus sued again over MyTheresa transfer
UMB Bank alleges the corporate reshuffling of the "billion-dollar crown-jewel asset" was fraudulent and used to extract concessions from lenders.
By Ben Unglesbee • Updated Aug. 12, 2019 -
Target expands Levi's offering with Red Tab items
The back-pocket trademark has been a sign of authenticity for decades, and signals the mass merchant's confidence in attracting high-spending customers.
By Daphne Howland • Aug. 12, 2019 -
Rite Aid names new CEO
Heyward Donigan is a seasoned healthcare executive, suggesting that the drugstore will join rivals in emphasizing medical services over retail.
By Daphne Howland • Aug. 12, 2019 -
Retrieved from Walmart on July 03, 2019
Is Walmart doing enough to protect workers in its supply chain?
The retailer has been auditing, investigating and reporting on its supply chain to clean up labor abuses, but experts say current best practices fall short.
By Ben Unglesbee • Aug. 12, 2019 -
Pier 1 faces NYSE delisting, again
For the second time this year, the home goods retailer received notice that it isn't compliant with listing criteria.
By Kaarin Moore • Aug. 9, 2019 -
Farfetch buys luxury platform New Guards Group for $675M
The move expands the high-end marketplace's capabilities and brings Virgil Abloh's Off-White, already a top seller on its site, into its portfolio.
By Daphne Howland • Aug. 9, 2019 -
J.C. Penney escapes NYSE de-listing threat
Improved profit numbers and other good news helped push the retailer's stock prices over $1 long enough to regain compliance with the stock exchange.
By Daphne Howland , Ben Unglesbee • Updated Dec. 3, 2019 -
Daphne Howland/Retail Dive
Le Tote grabs Lord & Taylor for $100M
The deal ties up HBC and the apparel rental company in a few ways, and gives the department store a fighting chance.
By Daphne Howland • Updated Aug. 28, 2019 -
Deep Dive
How Barneys New York lost its cool
The upscale retailer eschewed safe choices to bring the department store concept into the 21st century. It might liquidate in a matter of weeks.
By Daphne Howland • Aug. 8, 2019 -
Barnes & Noble, new owner close sale
The largest book chain in the U.S. is now a private company, and its new leadership says it's committed to physical stores.
By Daphne Howland • Aug. 8, 2019 -
Opinion
Why retailers need to revisit their real estate strategies
The longstanding formula for ramping up real estate needs an update, write A&G Realty Partners' Peter Lynch and Jon Graub.
By Jon Graub and Peter Lynch • Aug. 8, 2019 -
CVS handily beats estimates, hikes 2019 forecast
The tailwinds helping the chain in the first quarter kept blowing in the second, generating revenue of $63.4 billion largely due to the Aetna acquisition.
By Rebecca Pifer • Aug. 8, 2019 -
A'gaci to auction IP in Ch. 11
After opting to liquidate in its second bankruptcy in less than two years, the apparel retailer is selling off its name and other brand assets.
By Caroline Jansen , Ben Unglesbee • Updated Sept. 18, 2019 -
FedEx Ground won't renew delivery contract with Amazon
Until recently, parcel carriers brushed off the threat of Amazon's growing logistics network. That tune has changed.
By Matt Leonard • Aug. 7, 2019 -
26 Sears, Kmart stores to close in October
The brands' new parent company, TransformCo, announced earlier this week that it "cannot rule out additional store closures in the near term."
By Caroline Jansen • Aug. 7, 2019 -
Walgreens to shutter 200 US locations
The closures are part of a wider plan to capture more than $1.5 billion in cost saving each year, but in part reflect a lack of investment in store operations.
By Daphne Howland • Aug. 7, 2019 -
Is real estate poised to save retail?
Three years ago, Simon Property Group and GGP helped rescue an ailing Aeropostale. Now David Simon says there's more where that came from.
By Daphne Howland • Aug. 7, 2019 -
Retrieved from Nike on June 11, 2019
Nike buys data analytics startup Celect to boost DTC sales
Retailers use data from the cloud-based platform to optimize their inventories with hyper-local demand predictions.
By Robert Williams • Aug. 7, 2019 -
Courtesy of Office Dept
Office Depot pivot takes a toll on the bottom line
But the company's switch from traditional big-box retailer to a high-touch business solutions provider is boosting revenue, even in stores.
By Daphne Howland • Aug. 7, 2019 -
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
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