Financial News: Page 163
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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 Caroline Jansen • 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 Ben Unglesbee • July 1, 2019 -
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 Daphne Howland • 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 Ben Unglesbee • 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'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 Cara Salpini • June 28, 2019 -
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 Daphne Howland • June 28, 2019 -
Retrieved from Amazon on June 27, 2019
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 -
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 Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
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 Daphne Howland • 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 Daphne Howland • June 27, 2019 -
Retrieved from Walmart on June 06, 2017
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 Daphne Howland • 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 Daphne Howland • June 26, 2019 -
Retrieved from Ebay on June 26, 2019
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 Ben Unglesbee • June 26, 2019 -
Retrieved from Apple on June 25, 2019
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 Caroline Jansen • 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 Ben Unglesbee • 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 Ben Unglesbee • 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 Daphne Howland • 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 Ben Unglesbee • June 25, 2019 -
Retrieved from Amazon on June 25, 2019
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 Cara Salpini • 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 Daphne Howland • June 25, 2019