Financial News: Page 162


  • Charming Charlie's pending liquidation a reminder of bankruptcy's limits

    The retailer plans to close all 261 stores in bankruptcy after its first trip through Chapter 11 failed to fix its underlying problems.

    By July 12, 2019
  • Bolt raises $68M to help retailers compete with Amazon

    The startup aims to support retailers whose online shopping operations can’t keep up with the e-tailer by offering checkout and fraud detection features.

    By Tatiana Walk-Morris • July 12, 2019
  • Prime Day sales begin early for Alexa users

    Amazon revealed that shoppers who own the smart devices have access to select sales on Saturday by asking, "Alexa, what are my deals?"

    By July 12, 2019
  • Williams Sonoma brand chief stepping down

    The leadership change comes after recent spats of slow and negative sales growth at the kitchenware and home goods brand. 

    By July 11, 2019
  • Bed Bath & Beyond to review assets

    Following pressure from shareholders in April, interim-CEO Mary Winston laid out a four-part strategic plan that includes reviewing its brand portfolio.

    By July 11, 2019
  • Wet Shave Club takes aim at Harry's, Dollar Shave Club

    The direct-to-consumer business is foregoing the subscription trend utilized by other DTC personal care brands by offering a year's supply of razors at once.

    By July 11, 2019
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    Yujin Kim/Retail Dive
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    Amazon to invest $700M to retrain 100K employees

    Programs to reskill current staff will allow the company to gain technical talent without having to fight over a small pool of qualified workers.

    By Matt Leonard • July 11, 2019
  • Crate & Barrel to expand in-store restaurant concept

    The first Table at Crate opened in Chicago in July and turned a profit by the second month, according to CEO Neela Montgomery. 

    By Emma Liem Beckett • Updated Sept. 17, 2019
  • Lady Gaga to debut beauty line on Prime Day

    Pre-orders for Haus Laboratories begin July 15, and the brand will be sold exclusively through Amazon, the celebrity told Business of Fashion.

    By July 10, 2019
  • Levi's sales up 5% as DTC business posts double-digit growth

    Sales are on the rise across the denim brand's business, and it plans to expand into new categories and markets while using technology to boost profits. 

    By July 10, 2019
  • Stein Mart faces possible Nasdaq delisting

    The company is the latest retailer to struggle to maintain good standing with major stock exchanges.

    By July 9, 2019
  • Etsy pushes merchants to adopt free shipping

    The online marketplace said on Tuesday it will give priority placement in U.S. search results to merchants who adopt the initiative.

    By July 9, 2019
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    Retrieved from Amazon on October 09, 2018
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    Amazon can be held liable for Marketplace sales, court rules

    Federal judges cleared the path for a liability lawsuit to proceed against the e-commerce giant over a product sold by a third-party vendor. 

    By July 9, 2019
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    Retrieved from Ebay on July 09, 2019
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    EBay announces summer outlet store

    The marketplace promises 70% off major brands to coincide with competitor Amazon's Prime Day sales.

    By Lisa Rowan • July 9, 2019
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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