Financial News: Page 166
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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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 -
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • April 30, 2019 -
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 Daphne Howland • 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 Daphne Howland , Ben Unglesbee • 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 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 Daphne Howland • 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 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