Financial News: Page
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Alibaba smashes Singles Day record with $38.4B in sales
The shopping festival made more in 24 hours than Amazon's entire online store sales in the third quarter.
By Tatiana Walk-Morris • Nov. 12, 2019 -
Montgomery County Planning Commission
Neiman Marcus cuts HQ jobs to focus on growth
The privately held retailer, which also runs Bergdorf Goodman, has work to do addressing both operational and merchandising challenges.
By Daphne Howland • Nov. 12, 2019 -
Daphne Howland/Retail Dive
Le Tote completes Lord & Taylor acquisition
The online apparel rental service said it's the first digital native to buy an old-school brick-and-mortar retailer.
By Daphne Howland • Nov. 11, 2019 -
Destination Maternity kicked off stock exchange
The retailer, which filed for bankruptcy last month, won't fight a Nasdaq Stock Market delisting notice that goes into effect Nov. 18.
By Daphne Howland • Nov. 11, 2019 -
Retrieved from Amazon on October 09, 2018
Deep DiveWhat keeps Amazon CEO Jeff Bezos awake at night?
As the company reaches into a growing array of industry sectors, Industry Dive publications pulled together their expertise to analyze how competitors thrive amid the next wave of disruption.
By Nami Sumida • Nov. 11, 2019 -
Deep Dive
Losing to win: Why major retailers need to close more stores
That begs the industry's Goldilocks question: What size footprint is "just right"?
By Daphne Howland • Nov. 11, 2019 -
Sears disappearing act rolls on with nearly 100 new closures
The most recent wave of liquidations would leave the ailing retailer with 182 stores.
By Ben Unglesbee • Nov. 8, 2019 -
Express debuts DTC brand UpWest
The new venture, which the company calls a "purpose-driven lifestyle brand" is focused on everyday casual apparel.
By Kaarin Moore • Nov. 8, 2019 -
Party City's October sales a 'disaster' with Halloween stores down 21%
Executives said the retailer hasn't lost market share in the physical channel for costumes, but the slowdown at the company's stores was so big that might be of scant consolation.
By Ben Unglesbee • Nov. 8, 2019 -
Tommy Hilfiger to transition design process to digital
The apparel brand has established a tech incubator dedicated to training employees on its 3D design platform.
By Lisa Rowan • Nov. 8, 2019 -
Deep Dive
Art Peck's abrupt exit might be Gap's last chance
With the ouster of its CEO, the apparel giant may have thrown cold water on its plan to spin off its discount brand. What now?
By Daphne Howland • Nov. 8, 2019 -
Art Peck out at Gap Inc.
The longtime CEO was set to lead the new "Gap Inc." after Old Navy spins off. Instead, Board Chairman Robert Fisher, of the founding family, takes over in the interim.
By Daphne Howland • Updated Nov. 7, 2019 -
The RealReal defends authentication record
The company staked its reputation on claims that no other reseller is better at fighting fakes, but an investigative CNBC report couldn't come at a worse time.
By Daphne Howland • Updated Nov. 7, 2019 -
Ralph Lauren turns to rental, resale as turnaround sticks
The company had a good quarter in all regions and is confident enough to begin raising prices and scaling back promotions, executives said Thursday.
By Daphne Howland • Nov. 7, 2019 -
Debtwire: Papyrus considers store closures as it negotiates with landlords
The paper product specialist is reportedly trying to win rent concessions from landlords as mall-based specialty retailers across the board struggle.
By Ben Unglesbee • Nov. 7, 2019 -
Courtesy of Walgreens
Walgreens reportedly mulling massive private equity buyout
The drugstore retailer is exploring a possible go-private deal, which would be the largest leveraged buyout in history, according to multiple media reports.
By Ben Unglesbee • Nov. 6, 2019 -
Bruce Bennett via Getty Images
CVS will shutter 75 stores next year
Where rivals are shuttering locations by the hundreds, CVS is trimming underperforming ones as it expands its Health Hub healthcare concept.
By Daphne Howland • Nov. 6, 2019 -
Retrieved from Amazon on October 09, 2018
Amazon launches Small Business Academy program
The company will offer seminars, webinars, and community college courses for starting and growing an online business.
By Lisa Rowan • Nov. 6, 2019 -
Retrieved from Nike on October 23, 2019
5 high-profile CEO exits in retail this year
Now, more than ever, chief executives are seen as the face of a company, and 2019 has already seen the highest number of departures on record.
By Kaarin Moore • Nov. 6, 2019 -
Pier 1 appoints Robert Riesbeck CEO
He steps into the role at a critical time for the home goods retailer, as it faces falling sales, growing losses and a possible NYSE delisting.
By Caroline Jansen • Nov. 5, 2019 -
Birchbox to pop up in 500 Walgreens stores for the holidays
The shop-in-shops will be positioned in a "grab-and-go holiday gifts" format and feature themed boxes, subscription gift cards, travel-sized items and more.
By Cara Salpini • Nov. 5, 2019 -
Tapestry holds steady amid department store woes
The accessories and apparel conglomerate is facing headwinds that include a fundamental shift in what shoppers want in their handbags.
By Daphne Howland • Nov. 5, 2019 -
Where does Barneys go now?
One flagship isn't going anywhere for at least a year, and that's a good sign. But its fate is now in the hands of a brand conglomerate — and Saks Fifth Avenue.
By Daphne Howland • Nov. 5, 2019 -
David's Bridal cuts a deal for $55M in new capital
The wedding apparel retailer also worked with lenders to reduce its debt as it looks to modernize operations and heal its balance sheet.
By Ben Unglesbee • Updated Nov. 5, 2019 -
Barneys Madison Avenue gets a new lease on life
New owner Authentic Brands Group agreed to keep the location open for a year as the iconic retailer begins a new phase, but liquidation sales begin this week.
By Daphne Howland • Nov. 4, 2019
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