Financial News: Page 166


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    Kaarin Vembar/Retail Dive
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    Deep Dive

    Retailing at the end of the world: How large chains liquidate

    This year, several decades-old retailers shut down in bankruptcy as lenders and owners lost faith. These are boom times for companies that specialize in retail wind downs.

    By June 10, 2019
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    Aero Icarus
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    FedEx Express to cut ties with Amazon

    The air services contract will end on the heels of recent moves by the e-commerce giant to build out its own logistics network.

    By Shefali Kapadia • June 7, 2019
  • Revolve opens strong on Wall Street with $1.3B valuation

    Beyond its good investment fortune, the retailer's strengths position it to take share in the troubled apparel market, according to MKM Partners.

    By June 7, 2019
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    Barnes & Noble
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    WSJ: Barnes & Noble could land a rival bid

    The newspaper reported that a major book distributor is working on an offer to top that of a hedge fund accepted by the bookseller's board last week.

    By Updated June 11, 2019
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    Retrieved from Walmart on June 07, 2019
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    Walmart begins in-home delivery in 3 cities

    The company launched the membership program in Kansas City, Missouri; Pittsburgh; and Vero Beach, Florida, for a preliminary $19.95 a month.

    By Jeff Wells • Updated Oct. 15, 2019
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    Cara Salpini/Retail Dive
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    Nike taps new digital chief

    Ratnakar Lavu, who was previously at Kohl's, arrives as Nike is increasingly leveraging tech for both products and stores.

    By June 7, 2019
  • Tariffs could raise prices up to $25 at Ugg, Calvin Klein

    Apparel brands that were safe from initial tariff increases now find themselves highly exposed to the proposed tranche four tariffs, which include apparel, leather and textiles.

    By Morgan Forde • June 7, 2019
  • Walmart CEO backs higher federal minimum wage

    "$7.25 is too low," Doug McMillon said in remarks delivered at the company's annual shareholder meeting Wednesday.

    By Ryan Golden • June 7, 2019
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    Cara Salpini/Retail Dive
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    Charlotte Russe resurrected with 5 new stores

    The fashion house that bought the retailer's IP has plans to open 100 stores — about a fifth as many as the retailer had when it filed for Chapter 11.

    By June 6, 2019
  • Amazon's new 'StyleSnap' feature could be a game changer — if it works

    Once it launches, users will be able upload a photo of a style they like and get similar product recommendations from Amazon's assortment.

    By June 6, 2019
  • Off-price retailers emerge as rare winners in trade war

    Any business that can capitalize on uncertainty is sure to fair well in the midst of a global trade war. Burlington, Ross and TJX may do just that.

    By Emma Cosgrove • June 6, 2019
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    Courtesy of Stitch Fix
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    Men's sales fuel Stitch Fix momentum

    In addition to building out its customer base, the styling service grew revenue per active client, and sees great potential in its U.K. expansion.

    By June 6, 2019
  • True Religion taps another interim CEO

    Consultant Farla Efros replaces Chelsea Grayson, who herself was appointed only in November, on a temporary basis, to replace John Ermatinger.

    By June 5, 2019
  • Ikea to roll out robotic furniture for tight living spaces

    Through a partnership with Ori, the retailer plans to roll out the product in Hong Kong and Japan by 2020.

    By June 5, 2019
  • American Eagle Q1 revenues break record

    The apparel retailer says it's leading in denim, and that's just more bad news for Gap.

    By June 5, 2019
  • GameStop's turnaround pressures mount as sales drop 13%

    In his first call with investors, the retailer's new CEO acknowledged "we need to transform to remain a viable player in our industry" as it rapidly digitizes. 

    By June 5, 2019
  • Williams-Sonoma will halve China sourcing in the next year

    Executives didn't say if the retailer will have to raise costs, but it has introduced products with a lower price point to offset any necessary price increases.

    By Emma Cosgrove • June 5, 2019
  • Walmart expands $1 a day degree program

    The big box retailer will subsidize the cost of tuition, books and fees. 

    By Hallie Busta • June 5, 2019
  • CVS to open 1.5K HealthHUB stores in next 2 years

    The pharmacy chain's shares were up 3% premarket Tuesday following the news, which was released in tandem with the company's 2019 Investor Day.

    By Rebecca Pifer • June 4, 2019
  • Lands' End sales take a $17.9M hit as it closes Sears shops

    The apparel brand might be making a smart move by taking control of its retail destiny, but parting with the declining department store chain won't be painless.

    By June 4, 2019
  • WSJ: Forever 21 hires restructuring advisers

    The fast-fashion retailer hopes to renegotiate leases and overhaul operations in its efforts to avoid bankruptcy, the publication reported.

    By Updated June 19, 2019
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    Retrieved from Walmart on February 14, 2019
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    Walmart hires new leader for Store No. 8

    The incoming head of the retail giant's tech incubator, Scott Eckert, hails from investment giant Bain Capital's VC arm.

    By June 4, 2019
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    Floyd
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    West Elm to build out Floyd shop-in-shops

    The DTC furniture brand will offer its entire product assortment in locations in Austin, Texas; Santa Monica, California; and New York.

    By June 4, 2019
  • J.C. Penney downgraded by Moody's after a rough Q1

    Challenges to paying down debt aren't likely to go away as off-price keeps eating share and the department store chain tries to reconnect with customers.

    By June 3, 2019
  • Amazon continues to shrink retail operations

    Sellers are once again alarmed at perceived moves to hustle them onto the Marketplace — but that might be good for everyone.

    By June 3, 2019