Financial News: Page 170
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Nordstrom CTO restructures technology group
Two executives are leaving and a small number of layoffs are anticipated, according to a report by GeekWire.
By Dan O'Shea • March 8, 2019 -
Barnes & Noble books best comps in years
The book seller is pumping more money into marketing and store remodels in hopes of driving more traffic.
By Corinne Ruff • March 7, 2019 -
Charlotte Russe begins liquidation
The struggling mall chain gained court approval for a sale to a liquidator, but it also says it's in talks with a buyer interested in keeping up a physical presence.
By Corinne Ruff • March 7, 2019 -
Amazon to discontinue pop-up locations
But the e-commerce giant plans to expand its 4-star and Go locations, per a Wall Street Journal report. The move indicates an evolving store strategy.
By Dan O'Shea • Updated March 8, 2019 -
American Eagle Outfitters denim sales top $1B
The teen retailer's Aerie brand continues to surge and will open more stores, and a New York City store will sell sneakers in a tie-up with Urban Necessity.
By Daphne Howland • March 7, 2019 -
Bonobos debuts women's collection, male allyship campaign
"The whole concept of male allyship is sort of the next phase in this fight toward gender equality," CEO Micky Onvural said.
By Corinne Ruff • March 7, 2019 -
Chico's appoints Nordstrom veteran as president
The retailer announced that former the former president of Nordstrom Rack, Karen McKibbin, will lead the struggling brand.
By Kaarin Moore • March 7, 2019 -
L Brands comes to terms with activist
Barington Capital had slammed Victoria's Secret's merchandising and marketing, and said it's dragging down better-performing Bath & Body Works.
By Daphne Howland • Updated April 23, 2019 -
AmazonFresh to feature sponsored products on website
The content, which will appear to U.S. shoppers where the service is available, will create a way for food brands to stand out.
By Lauren Manning • March 6, 2019 -
Ross issues weak outlook despite beating earnings
The less-than-encouraging guidance is due in part to underperformance in its ladies apparel category.
By Caroline Jansen • March 6, 2019 -
Family Dollar to close nearly 400 stores
Parent Dollar Tree is struggling to integrate the discount banner it acquired in 2015.
By Kaarin Moore • March 6, 2019 -
Kohl's partners with Planet Fitness
The retailer will also expand its plus-size product options in partnership with Nike in an effort to further its wellness initiative.
By Kaarin Moore • March 6, 2019 -
Marvin Ellison: 'Don't blend in'
The CEO, who has been at Lowe's for seven months now, is driving a cultural change that embraces employees and caters to different types of customers.
By Corinne Ruff • March 6, 2019 -
Target notches best traffic and sales in over a decade
A growth plan that kicked off two years ago focusing on delivery, private label brands and stores is bearing fruit.
By Corinne Ruff • March 5, 2019 -
Kohl's CEO: 'We are financially strong'
According to analysts, the retailer is improving in-store and mobile experiences for shoppers, but net income for the quarter fell 42% and 7% for the year.
By Kaarin Moore • March 5, 2019 -
Dollar Shave Club expands products amid lifestyle push
The company, bought for $1 billion by CPG giant Unilever three years ago, continues to take steps beyond its core razor product.
By Corinne Ruff • March 5, 2019 -
Art Peck: 'We're opening Gap stores'
The Gap Inc. CEO just days ago said 230 locations would shutter. At Shoptalk he said others are opening, but they won't be in malls.
By Daphne Howland • March 5, 2019 -
David's Bridal CEO, CFO step down
The retailer announced a change in executive leadership and appointed a strategic advisor.
By Kaarin Moore • March 5, 2019 -
Diesel USA's Ch. 11 plan approved
The jeans retailer cited several reasons for bankruptcy including expensive leases, a downturn in wholesale orders and numerous instances of fraud.
By Kaarin Moore • Updated April 17, 2019 -
Macy's: 'We know we have to disrupt ourselves'
At Shoptalk, department stores are invoked as either what not to be or what must change in retail. But the retailers themselves say they're staging a comeback.
By Daphne Howland • March 4, 2019 -
Gap Inc.'s $35M bid for Janie and Jack approved
A $76 million bid from The Children's Place for the remaining Gymboree and Crazy 8 assets was also approved, effectively splitting the struggling retailer among its rivals.
By Cara Salpini • Updated March 5, 2019 -
Judge dismisses Marble Ridge suit against Neiman Marcus
A Texas judge on Tuesday concluded that the lawsuit regarding Neiman Marcus' transfer of its MyTheresa business lacked "subject matter jurisdiction."
By Corinne Ruff • Updated March 19, 2019 -
WSJ: Amazon plans to launch new grocery chain
The yet-to-be-named business will be distinct from the Whole Foods brand and could open its first store as early as this year in Los Angeles.
By Jeff Wells , Jessica Dumont • March 1, 2019 -
Wayfair will open new last-mile facilities every month in 2019
Though net loss is growing for the company, Wayfair's CEO said the e-commerce giant is playing a long game — seizing control of its supply chain from both ends.
By Emma Cosgrove • March 1, 2019 -
Nordstrom Rack overshadows flagship again
The department store's innovations and loyalty revamp appear to be paying off.
By Daphne Howland • March 1, 2019