Financial News: Page 165
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Academy Sports + Outdoors parent downgraded after debt buyback
S&P viewed the repurchases as a form of partial default, though getting its debt back at a discount could give the sports retailer some wiggle room.
By Ben Unglesbee • June 17, 2019 -
Deep Dive
Down the aisle: It's a new day for wedding apparel
One of the most disrupted retail markets today is one that Amazon has hardly touched.
By Daphne Howland • June 17, 2019 -
As 3rd-party sellers take over, Amazon's own market share loses 10 points
Jeff Bezos' recent disclosure of Marketplace's scale caused eMarketer to revise sales estimates, but the e-commerce giant still has much to gain.
By Daphne Howland • June 14, 2019 -
Lord & Taylor chief is out
President Vanessa LeFebvre announced her departure as executives at owner Hudson's Bay Co. said four more of its locations will shutter.
By Daphne Howland • June 14, 2019 -
How Pier 1, Rite Aid and other distressed retailers stacked up in Q1
We pulled key data from struggling industry players as they try to compete in retail's "survival of the fittest."
By Ben Unglesbee • Updated June 27, 2019 -
Retrieved from Walmart on May 08, 2019
Walmart updates supplier pricing tool to manage tariff costs
The move shows how certain the company's executives are of the need for price hikes, as the system designed to enable them is already in place.
By Morgan Forde • June 13, 2019 -
Francesca's chairman to step down as shares sink
The apparel retailer also says it will close "at least" 30 stores this year after closing eight in the first quarter.
By Daphne Howland • Updated June 17, 2019 -
Kohl's shuts down its off-price experiment
The retailer announced its Off/Aisle concept just a couple weeks after Macy's unveiled Backstage — but the two ventures have followed different paths.
By Ben Unglesbee • June 13, 2019 -
Lululemon stretches again in Q1 as sales rise 20%
The athleisure company is expanding its men's sales, loyalty program, omnichannel operations and its outlook.
By Daphne Howland • June 13, 2019 -
Daphne Howland/Retail Dive
Walmart nixes Jet's lead exec role
As the retail giant shifts its online focus to Walmart.com, it plans to transition leadership of the Jet brand under another e-commerce executive.
By Ben Unglesbee • June 13, 2019 -
Another Destination Maternity CEO out amid sales plunge
The latest leapfrog comes with another report of sales and profit troubles at the apparel retailer.
By Daphne Howland • June 13, 2019 -
Target expands family leave, backup care for hourly workers
Retailers depend heavily on hourly and part-time workers, who may find it difficult to take unpaid time for caregiving responsibilities.
By Valerie Bolden-Barrett • June 13, 2019 -
Opinion
Bringing stores into the 21st century
The old prototype store model is obsolete and fails to accommodate the new reality of retail, ruled by personalized experiences, local flavor and nuance, writes WD Partners' Elaine Kleinschmidt.
By Elaine Kleinschmidt • June 13, 2019 -
Ralph Lauren commits to sweeping sourcing changes
Based on new goals on sustainable materials, the fashion brand is likely going to have a very different supplier base in 2025 than it does today.
By Emma Cosgrove • June 13, 2019 -
Lawsuit alleges Ascena misled public about 'complete disaster' at Ann Taylor, Loft
A shareholder took aim at the apparel retailer for talking up its acquisition of the brands ahead of a $1 billion write-down on their value.
By Ben Unglesbee • June 12, 2019 -
Rihanna's Fenty to pop up at The Webster in SoHo
The superstar's inclusive approach is a fresh luxury take and one that has pushed rivals to innovate.
By Daphne Howland • June 12, 2019 -
Farfetch launches on JD.com
The two marketplaces forged a strategic partnership in 2017 that they've built up the last two years to compete against Alibaba in the luxury market.
By Daphne Howland • June 12, 2019 -
Deep Dive
Will the once marvelous department store ever come back?
Many of the innovations fueling retail's most successful startups were standard amenities at department stores nearly a century ago.
By Daphne Howland • June 12, 2019 -
Retrieved from Neiman Marcus on March 12, 2019
Neiman Marcus goes 'dark'
The department store never went public as planned and can stop filing with the Securities and Exchange Commission thanks to retooled debt.
By Daphne Howland • Updated June 25, 2019 -
Chico's comp sales slide in Q1
The apparel conglomerate's massive fleet optimization isn't helping that metric, but its new CEO promises stronger sales and a successful turnaround.
By Daphne Howland • June 11, 2019 -
Ascena net loss widens to $238M
The apparel group has new leadership, a shrunken portfolio and a cost-cutting plan, but analysts say it must focus on inventory-bloating product missteps.
By Daphne Howland • June 11, 2019 -
Activist investor: Hudson's Bay take-private bid is 'woefully inadequate'
In a scathing letter to the retailer’s special committee, Land & Buildings said the offer "materially undervalues" the company's assets.
By Daphne Howland , Cara Salpini • Updated June 18, 2019 -
PVH taps new Calvin Klein CEO
Cheryl Abel-Hodges is moving up at the brand as new company president Stefan Larsson, who arrived last month, makes his mark.
By Daphne Howland • June 10, 2019 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only cuts 2nd debt deal in as many years
Lenders agreed to take equity in the dollar retailer in lieu of payment, prompting S&P to downgrade the discount retailer's credit rating from CCC+ to CC.
By Ben Unglesbee • June 10, 2019 -
Daphne Howland/Retail Dive
Gap commits to 100% sustainable cotton sourcing
The apparel brand also considers the entire life cycle of a garment in its sustainability accounting, as many textiles end up in the landfill.
By Emma Cosgrove • June 10, 2019
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