Financial News: Page 166


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    "Dressbarn" by Dwight Burdette is licensed under CC BY 3.0
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    Ascena founder's son steps down as CEO

    As he gives up the position he held for 27 years, David Jaffe also cedes his chairman role, although he remains on the board.

    By May 2, 2019
  • Amazon rebrands Souq

    Souq has grown throughout the Middle East since the U.S. e-commerce giant bought it two years ago, and the name change is set to boost that.

    By May 2, 2019
  • Debtwire: Modell's taps real estate adviser to negotiate leases

    The sporting goods retailer is also working with other outside firms on strategic alternatives, a revelation that spooked vendors in recent weeks.

    By May 1, 2019
  • Orlando, Florida, mall demo could pave way for $1B mixed-use project

    If the developer gets the all-clear, the 46-acre redevelopment of a struggling shopping center could see retail, residential, hotel and office space added.

    By Kim Slowey • May 1, 2019
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    Aetna sends CVS profit soaring

    With its first quarter to fully include its health insurance acquisition, the company is less of a traditional drugstore retailer than ever.

    By May 1, 2019
  • Thinx now sold at b8ta stores

    In an exclusive shared with Retail Dive, the period underwear brand's CEO called brick and mortar "critical" to expanding sales.

    By May 1, 2019
  • Neiman Marcus mulls MyTheresa options

    The department store's debt has undermined its ability to recapture the sales and shoppers that have largely abandoned the retail model.

    By April 30, 2019
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    Fotolia
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    Bluefly headed to the auction block

    The online fashion site survived the dot-com bust, the Great Recession and the collapse of flash sales, but now it's looking for a buyer.

    By April 30, 2019
  • Millennial and Gen Z shoppers are leading e-gift card adoption

    Retailers have to make more progress with their omnichannel card offerings to keep up with younger consumer demands.

    By Tatiana Walk-Morris • April 30, 2019
  • Chewy to fetch $1B in IPO

    The price of the online retailer's public offering tops previous estimates.

    By , Updated June 14, 2019
  • $4B Miami Worldcenter breaks ground on new retail, parking

    This latest construction start will add to the retail and residential projects already under way at the mega-development.

    By Kim Slowey • April 29, 2019
  • Walgreens storefront
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    Courtesy of Walgreens
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    Walgreens hires its 1st global chief supply chain officer

    Colin Nelson is taking on the role, joining the drugstore retailer from the agribusiness Bunge.

    By Matt Leonard • April 29, 2019
  • Fabletics opens NYC pop-up

    Last summer, Kate Hudson's activewear brand announced a massive brick-and-mortar expansion as physical stores boost sales online and off.

    By April 29, 2019
  • Walmart reveals 1st 'intelligent' lab store

    Equipped with cameras, sensors, interactive displays and major processing power, the souped-up Neighborhood Market aims to take efficiency and customer experience to new heights.

    By Jessica Dumont • April 26, 2019
  • 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 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 April 26, 2019
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    Whole Foods
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    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 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 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 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 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 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 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
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    The RealReal
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    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 April 24, 2019