Financial News: Page 162
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NYC, suburbs hold lead in troubled retail construction sector
While the decline of brick-and-mortar shopping led to double-digit decreases in the value of retail work under way in many cities, the New York metro region increased 4% last year, per a new report.
By Kathleen Brown • May 7, 2019 -
LVMH attorney alleges 'sham' sexual harassment investigation
The director of talent at LVMH, Louis Vuitton's parent company, allegedly dismissed the behavior as what "executives do in a French company."
By Lisa Burden • Updated May 8, 2019 -
HBC looks to sell Lord & Taylor
The iconic American department store chain's value now resides mostly in its property.
By Daphne Howland • May 6, 2019 -
Francesca's plans reverse stock split
The move is a bid to boost the retailer's stock price to regain Nasdaq compliance while it works on more fundamental challenges to its business.
By Daphne Howland • May 6, 2019 -
Eddie Bauer faces $9.8M tab for data breach
Cybersecurity continues to be an issue for retailers and customers, incurring costs to company reputations and bottom lines.
By Daphne Howland • May 6, 2019 -
Trump: Tariffs on $200B Chinese imports will rise to 25% Friday
The president made the announcement in a pair of tweets, indicating he is displeased with the timeline and pace of U.S.-China trade negotiations.
By Shefali Kapadia , Emma Cosgrove • May 6, 2019 -
Walmart reportedly changing up store management again
The move could be part of an effort to change its workplace culture, and potentially has the added benefit of containing labor costs.
By Daphne Howland • May 3, 2019 -
H&M ends print catalog after 39 years
The fast fashion retailer stated that the change is related to its ongoing sustainability goals.
By Kaarin Moore • May 3, 2019 -
Francesca's to close at least 20 stores this year amid sales plunge
That number could be conservative in light of the apparel retailer's massive 727-store footprint, mostly in malls.
By Daphne Howland • May 3, 2019 -
Target, Walmart envision radically different futures for their growing media businesses
The big-box rivals both made their NewFronts debuts this week, but their pitches to advertisers largely reinforced the divide in their audiences and brand positioning.
By Peter Adams • May 3, 2019 -
Modell's CEO: 'The landlords are rooting for us'
The 130-year-old sporting goods store is aiming for a new lease on life.
By Daphne Howland • May 3, 2019 -
Under Armour continues to falter at home
Cost cuts helped the athletic brand's turnaround gain some traction in the first quarter, but it has more to do to woo North American shoppers.
By Daphne Howland • May 2, 2019 -
Wayfair's loss widens in Q1
While the company's direct retail revenue saw gains in the first quarter, its loss grew more than anticipated.
By Caroline Jansen • May 2, 2019 -
Ascena founder's son steps down as CEO
As he gives up the position he held for 27 years, David Jaffe also cedes his chairman role, although he remains on the board.
By Daphne Howland • May 2, 2019 -
Amazon rebrands Souq
Souq has grown throughout the Middle East since the U.S. e-commerce giant bought it two years ago, and the name change is set to boost that.
By Daphne Howland • May 2, 2019 -
Debtwire: Modell's taps real estate adviser to negotiate leases
The sporting goods retailer is also working with other outside firms on strategic alternatives, a revelation that spooked vendors in recent weeks.
By Daphne Howland • May 1, 2019 -
Orlando, Florida, mall demo could pave way for $1B mixed-use project
If the developer gets the all-clear, the 46-acre redevelopment of a struggling shopping center could see retail, residential, hotel and office space added.
By Kim Slowey • May 1, 2019 -
Aetna sends CVS profit soaring
With its first quarter to fully include its health insurance acquisition, the company is less of a traditional drugstore retailer than ever.
By Daphne Howland • May 1, 2019 -
Thinx now sold at b8ta stores
In an exclusive shared with Retail Dive, the period underwear brand's CEO called brick and mortar "critical" to expanding sales.
By Daphne Howland • May 1, 2019 -
Neiman Marcus mulls MyTheresa options
The department store's debt has undermined its ability to recapture the sales and shoppers that have largely abandoned the retail model.
By Daphne Howland • April 30, 2019 -
Bluefly headed to the auction block
The online fashion site survived the dot-com bust, the Great Recession and the collapse of flash sales, but now it's looking for a buyer.
By Daphne Howland • April 30, 2019 -
Millennial and Gen Z shoppers are leading e-gift card adoption
Retailers have to make more progress with their omnichannel card offerings to keep up with younger consumer demands.
By Tatiana Walk-Morris • April 30, 2019 -
Chewy to fetch $1B in IPO
The price of the online retailer's public offering tops previous estimates.
By Daphne Howland , Ben Unglesbee • Updated June 14, 2019 -
$4B Miami Worldcenter breaks ground on new retail, parking
This latest construction start will add to the retail and residential projects already under way at the mega-development.
By Kim Slowey • April 29, 2019 -
Walgreens hires its 1st global chief supply chain officer
Colin Nelson is taking on the role, joining the drugstore retailer from the agribusiness Bunge.
By Matt Leonard • April 29, 2019