Financial News: Page 163
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J.C. Penney quietly replaces longtime menswear chief
James Starke was replaced by company veteran Jeff Useforge, who has spent much of his career in men's, with some specialty in big and tall.
By Daphne Howland • April 26, 2019 -
Entertainment is filling a retail void for toy makers
It's not like Hasbro or Mattel are getting out of the toy business, but many of those sales continue to fall.
By Daphne Howland • April 26, 2019 -
Amazon stokes profits as retail growth slows
The e-commerce giant is facing stiff competition these days and isn't grabbing market share like before, so it must innovate, "just like any other retailer."
By Daphne Howland • April 26, 2019 -
Forever 21 shutting down Chinese e-commerce site
There are also reports of store closures and massive discounting that could indicate the brand is exiting the country, according to Women's Wear Daily.
By Daphne Howland • April 26, 2019 -
Amazon 'morphing' free Prime 2-day shipping to 1 day
The e-commerce giant is investing $800 million to upgrade the infrastructure that was built to handle its most popular Prime membership perk.
By Daphne Howland • April 25, 2019 -
UK regulators block Walmart's $9.4B Asda sale
Merging with Sainsbury's would have created the country's largest chain and netted Walmart $4 billion.
By Jeff Wells • April 25, 2019 -
Lululemon wants to double men's and digital by 2023
The athletics retailer is also launching its own footwear, placing it in tighter competition with rivals Nike and Under Armour.
By Caroline Jansen • April 25, 2019 -
Pier 1 downgraded on debt, poor prospects
In a statement, the retailer said it has a plan that will return the company to, "long-term health and sustainable financial performance."
By Daphne Howland • Updated April 26, 2019 -
Burlington names former Ross executive CEO
The retailer announced Michael O'Sullivan will succeed Thomas Kingsbury, who will step down in September.
By Kaarin Moore • April 25, 2019 -
'Meet PillPack': Amazon rolls out Rx delivery direct marketing
The campaign provides a peek behind the curtain of the famously secretive e-commerce giant, which has edged into healthcare in recent years.
By Rebecca Pifer • April 24, 2019 -
Prime Unicorn Index: The RealReal set to hit unicorn status with latest funding
The upscale resale site authorized the sale of up to $70 million in new shares, which if sold, would value the company at over $1 billion.
By Caroline Jansen • April 24, 2019 -
EBay upgrades guidance on Q1 performance
Like Amazon, the company is seeing more money come in from its advertising operations.
By Daphne Howland • April 24, 2019 -
H&M expands product transparency for online apparel
Several sustainability and ethics watchers give the fast-fashion retailer props for its efforts, but also say it should go further.
By Daphne Howland • April 24, 2019 -
Chico's names Bonnie Brooks CEO
Brooks previously served as interim CEO after Shelley Broader’s departure in April.
By Daphne Howland , Cara Salpini • Updated July 19, 2019 -
Ulta lands exclusive deal with DTC brand Madison Reed
It's part of a larger strategy for the beauty retailer, which has also made deals with brands like Morphe and Kylie Cosmetics.
By Cara Salpini • April 24, 2019 -
Retail hiring fell 8.1% in 2018
The shift is particularly noteworthy because the industry has struggled with recruiting and retention efforts of late.
By Valerie Bolden-Barrett • April 23, 2019 -
Amazon makes garage parcel deliveries available
The release of Key for Garage is the company's latest effort to fight back against porch pirates and ensure deliveries end up in the right hands.
By Matt Leonard • April 23, 2019 -
All Kohl's stores to take Amazon returns
The 2-year-old pilot will become standard practice in July, and brings benefits to both retailers and their customers.
By Daphne Howland • April 23, 2019 -
Torrid withdraws IPO plans
Plus apparel is getting renewed attention from disruptors and traditional brands alike, and that may be pressuring the private equity-owned retailer.
By Daphne Howland • April 23, 2019 -
Walmart rewards supplier emission cuts
Suppliers for the retailer have avoided 3.46 million metric tons of greenhouse gas emissions as part of Project Gigaton China.
By Matt Leonard • April 23, 2019 -
The downward spiral of Francesca's
The boutique retailer has reported double digit comps declines for five straight quarters, with a sixth projected, and has around $14 million in cash left.
By Daphne Howland • April 22, 2019 -
Target unveils green, affordable household product brand
"Everspring" takes a note from startup Brandless for affordable goods, and furthers the retailer's private label efforts.
By Daphne Howland • April 22, 2019 -
Sears says Lampert stripped company 'of billions of dollars of assets'
Several analysts have made observations along the same lines for years, but ESL on Monday “vigorously” disputed the claims.
By Daphne Howland • April 22, 2019 -
Bed Bath & Beyond shakes up board amid activist pressure
But the investor group responded saying the retailer's actions still weren't enough, pointing to the fact that the current CEO remains in his role.
By Caroline Jansen • Updated April 22, 2019 -
Under Armour head of North America to depart
Jason LaRose has been the president of that division since 2016, and has worked at the athletics retailer in various roles since 2013.
By Cara Salpini • April 22, 2019