Financial News: Page 167
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Walmart to close 8 Neighborhood Markets
The small-format store closures come as the retailer's grocery sales are rising.
By Jessica Dumont • March 27, 2019 -
Courtesy of Rent the Runway
Rent the Runway sued by rental competitor
FashionPass is alleging the company pressured manufacturers to sell exclusively to it — or lose business altogether.
By Corinne Ruff • March 27, 2019 -
Bed Bath & Beyond fires back at activists
The retailer also said that activists who have called to replace its CEO and entire board never accepted its invitation to work together on its ongoing board and operational revamps.
By Daphne Howland • Updated March 27, 2019 -
Bloomberg: Sycamore seeks $1B in Staples recapitalization
The private equity firm is also considering an IPO of the B2B unit, which split from its consumer retail operations in 2017, sources familiar with the matter told the publication.
By Corinne Ruff • March 26, 2019 -
Wayfair opens first physical store
The Natick, Massachusetts, location features virtual reality technology and complimentary design consultations.
By Corinne Ruff • Updated Aug. 26, 2019 -
Tommy Hilfiger shutters Fifth Avenue store
The brand is also closing a Miami store as it moves to stoke digital sales.
By Daphne Howland • March 26, 2019 -
CVS debuts CBD wellness products
The drugstore retailer joins the boom in consumer cannabis products, a market that research firm Brightfield Group estimates could reach $22 billion by 2022.
By Daphne Howland • March 26, 2019 -
2019 store closures close to surpassing last year's total
Massive closures have brought the tally to 5,399, compared to 5,726 for all of 2018, but new development is tempering that.
By Daphne Howland • March 25, 2019 -
Ascena completes sale of Maurices
The transaction is valued at approximately $300 million.
By Daphne Howland • Updated May 7, 2019 -
Tiffany's sparkle dims in Q4
The iconic American jeweler is attracting younger consumers, but the decline of the middle class complicates its progress at home.
By Daphne Howland • March 25, 2019 -
Neiman Marcus fashion director departing after 28 years
Ken Downing, who spent the past roughly 13 years in the role, leaves Friday.
By Corinne Ruff • March 25, 2019 -
Courtesy of Nike
Nike reports strong numbers, faces racial discrimination suit
Growth in women's is over-indexing men's, CEO Mark Parker said, but the retailer's workplace culture has once again come under scrutiny.
By Cara Salpini • March 22, 2019 -
Whole Foods' first 'Beauty Swap' promotes clean body care products
The grocer will give away free items as part of the event, which comes on the heels of parent company Amazon's big push into the segment.
By Jennifer Sweeney • March 22, 2019 -
Saks Off Fifth launches private label beauty line
Differentiation through store brands and exclusives, as in apparel, is also emerging as a way to snag share in the competitive beauty market.
By Daphne Howland • March 22, 2019 -
GameStop taps new CEO
Retail veteran George Sherman hinted at a major revamp at the gaming retailer as he prepares to take the reins next month.
By Daphne Howland • March 22, 2019 -
Courtesy of Rent the Runway
Rent the Runway sashays to unicorn status
The startup's latest investment round raised $125 million, pushing the company to a $1 billion valuation.
By Daphne Howland • March 22, 2019 -
Century 21 taps real New Yorkers in spring campaign
The iconic Manhattan retailer's messaging, awash in pastels, emphasizes the deals that fashionistas can find at its off-price stores.
By Daphne Howland • March 21, 2019 -
Grayson launches as DTC and wholesale brand
The women's shirts brand debuted online and in Anthropologie and Nordstrom stores last week.
By Corinne Ruff • March 21, 2019 -
J. Crew resets turnaround, again
The company's Madewell brand is surging, but its flagship brand, still the larger business by far, continues to face an uncertain future.
By Daphne Howland • March 21, 2019 -
Courtesy of Inkey List
WWD: Sephora debuts low-price skincare brand Inkey List
The products, priced under $15, fall outside of the beauty retailer's core prestige beauty offerings, which may help broaden its customer base.
By Corinne Ruff • March 21, 2019 -
Nine West Holdings rebrands in Ch. 11 exit
With the namesake brand auctioned off, the newly-formed Premier Brands Group is going forward under private equity ownership.
By Daphne Howland • March 21, 2019 -
Walmart CTO departs after laying digital groundwork
During his tenure, Jeremy King aided Walmart Labs' acquisitions, opened four more tech offices and set the company up as a "user of, and contributor to, the open source community."
By Samantha Schwartz • March 21, 2019 -
Joann fills CIO role ahead of in-store technology push
Varadheesh Chennakrishnan joins the craft retailer from Ulta Beauty, where he most recently served as SVP of applications and enterprise architecture.
By Samantha Schwartz • March 21, 2019 -
West Elm emerges as Williams-Sonoma's best growth option
E-commerce is also growing fast, and accounted for over half of the company's total revenues last year.
By Caroline Jansen • March 21, 2019 -
Deep Dive
7 memorable quotes from AAFA's Executive Summit
The event brought together some of the biggest names in retail, where concerns bubbled to the surface on topics regarding China and changing consumer trends.
By Kaarin Moore , Caroline Jansen • March 21, 2019
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