Financial News: Page 163


  • PetSmart upgraded thanks in part to Chewy IPO

    Moody's said the upgrade was due to the brand's success in going public, which allowed the retailer to repay some of its debt.

    By Updated July 16, 2019
  • Consumer sentiment fell in June amid tariff threats

    One measure of confidence found that it had fallen to its lowest levels since September 2017. 

    By July 1, 2019
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    Gartner L2
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    Retailer loyalty programs ramp up experiential benefits

    A new Gartner L2 report reveals that while most programs offer monetary rewards, driving emotional loyalty can build brand affinity.

    By Lisa Rowan • July 1, 2019
  • Deep Dive

    The wealth gap is a retail problem

    It's convenient to blame Amazon for retailers' struggles, but the real culprits may be the rising costs and stagnant income dragging down the middle class.

    By July 1, 2019
  • Ex-Toys R Us employees win $2M severance agreement

    The agreement is mostly a symbolic win for employees of the failed retailer, who are set to get up to $60 each out of the settlement. 

    By June 28, 2019
  • Walmart quashes local grocery competition

    The retail giant claims 50% or more of grocery sales in more than 200 towns and cities across the U.S., according to the Institute for Local Self-Reliance. 

    By Jessica Dumont • Updated June 28, 2019
  • Lowe's announces new Charlotte tech center, up to 2K hires

    With the tech hub and additional employees, the home improvement retailer wants to update its tech to improve customer experience.

    By Tatiana Walk-Morris • June 28, 2019
  • Nike House of Innovation New York storefront
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    Courtesy of Nike
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    Nike's women's business grows by double digits in 2019

    "It's hard to overstate how important this year has been to the evolution of the women's offense at Nike," CEO Mark Parker said of the strong results.

    By June 28, 2019
  • Wide angle photo showing the interior of a storefront with seating in the foreground and clothes on hangers in the background, plus clothing shopping bags on the right for online order pickups.
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    Permission granted by Rent the Runway
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    Rent the Runway and Nordstrom team up

    The partnership adds brick-and-mortar fulfillment to the fashion rental service, and furthers the department store's push to offer high-touch services.

    By June 28, 2019
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    Retrieved from Amazon on June 27, 2019
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    Amazon adds counter parcel pickup in 100 Rite Aid stores

    For the struggling drugstore retailer, converting Amazon orders into store traffic holds promise.

    By Emma Cosgrove • June 27, 2019
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    Ryan Golden/Retail Dive
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    Walmart Labs builds out its candidate pipeline with 'returnships'

    The retailer is looking to expand its tech talent pool.

    By Ryan Golden • June 27, 2019
  • H&M plans fewer new stores in hard e-commerce push

    The fast-fashion retailer also said that its partnership with omnichannel payments platform Klarna will expand to the U.S. in the fall.

    By June 27, 2019
  • Walgreens retail falters on lower tobacco sales

    The drugstore retailer in the third quarter managed to edge past expectations but isn't raising its outlook.

    By June 27, 2019
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    Retrieved from Walmart on June 06, 2017
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    Walmart now accepts SNAP benefits at all pickup locations

    The retailer launched an online SNAP pilot earlier this spring and currently offers grocery pickup at more than 2,500 stores nationwide. 

    By Jessica Dumont • June 27, 2019
  • Target unveils tween girl private label

    The mass merchant's ongoing development of its own brands across categories should help protect its prices if tariffs drive up costs, analysts say.

    By June 26, 2019
  • Wayfair workers plan walkout over migrant camp sales

    The e-commerce furniture retailer is under fire for allegedly filling orders from border facilities, and experts say it's a brand crisis.

    By June 26, 2019
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    Retrieved from Ebay on June 26, 2019
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    Betting on a Prime Day outage, eBay announces 'Crash Sale'

    The sales event is the online marketplace's latest attempt to take market share away from Amazon.

    By Tatiana Walk-Morris • June 26, 2019
  • Walmart hit with trademark suit by airline over Jetblack name

    JetBlue has taken issue with the name of the retail giant's urban concierge membership as it expands offerings to include travel-based services.

    By June 26, 2019
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    Retrieved from Apple on June 25, 2019
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    Who benefits from an Apple, Best Buy partnership?

    The technology company last week announced that its authorized repair services will now be available at the retailer's nearly 1,000 U.S. locations.

    By June 26, 2019
  • Target aims at Amazon as it preps for another Prime Day melee

    The mass merchant highlighted its advantages over the e-tailer — at-store services and no membership required — in announcing its own sales event.

    By June 26, 2019
  • David's Bridal hires new CEO

    Replacing Scott Key is James Marcum, who has worked in private equity as well as with other distressed retailers like Circuit City and Ultimate Electronics.

    By June 25, 2019
  • Chico's private equity suitor just won't quit

    Sycamore Partners wants to add the women's apparel retail company to its portfolio, but the board isn't having it.

    By June 25, 2019
  • Destination Maternity slashes jobs as it tries to contain costs

    The apparel retailer aims to save up to $4.5 million and streamline its workforce as it continues to struggle with sales declines and a revolving C-suite. 

    By June 25, 2019
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    Retrieved from Amazon on June 25, 2019
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    Amazon unveils beauty store for professionals

    In a direct shot at Sally Beauty, the e-commerce giant debuted a platform geared toward professionals in the beauty space.

    By June 25, 2019
  • How apparel earnings unfolded

    Retail clothing companies had a rocky quarter. Here's how G-III, RTW Retailwinds, VF Corp and Vince stacked up. 

    By June 25, 2019