Financial News: Page 162
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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 Ben Unglesbee • 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 Kaarin Moore • 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 Ben Unglesbee • 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 Caroline Jansen • 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 Kaarin Moore • July 11, 2019 -
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 Cara Salpini • 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 Ben Unglesbee • 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 Ben Unglesbee • 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 Caroline Jansen • July 9, 2019 -
Retrieved from Amazon on October 09, 2018
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 Ben Unglesbee • July 9, 2019 -
Retrieved from Ebay on July 09, 2019
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 -
Retrieved from Target on July 08, 2019
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 Kaarin Moore • 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 Ben Unglesbee • 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 Ben Unglesbee • 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 Ben Unglesbee • 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 Daphne Howland • July 3, 2019 -
Retrieved from Walmart on May 30, 2019
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • July 1, 2019