Financial News: Page 170


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    Retrieved from Walmart on May 07, 2019
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    Walmart to open 100 in-store veterinary clinics

    The retailer will also carry prescriptions for pets in its pharmacies and online. 

    By May 7, 2019
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    Courtesy of Simon Property Group
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    Study: Macy's most visited website for apparel

    J.C. Penney and Nordstrom round out the top three spots in the category for average monthly web traffic, according to SimilarWeb.

    By Tatiana Walk-Morris • May 7, 2019
  • REI sticks with interim CEO for good

    After a national search, former COO Eric Artz replaces Jerry Stritzke, who resigned in February over an undisclosed relationship.

    By May 7, 2019
  • NYC, suburbs hold lead in troubled retail construction sector

    While the decline of brick-and-mortar shopping led to double-digit decreases in the value of retail work under way in many cities, the New York metro region increased 4% last year, per a new report.

    By Kathleen Brown • May 7, 2019
  • LVMH attorney alleges 'sham' sexual harassment investigation

    The director of talent at LVMH, Louis Vuitton's parent company, allegedly dismissed the behavior as what "executives do in a French company."

    By Lisa Burden • Updated May 8, 2019
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    "Lord and Taylor" by JJ is licensed under CC BY-ND 2.0
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    HBC looks to sell Lord & Taylor

    The iconic American department store chain's value now resides mostly in its property.

    By May 6, 2019
  • Francesca's plans reverse stock split

    The move is a bid to boost the retailer's stock price to regain Nasdaq compliance while it works on more fundamental challenges to its business.

    By May 6, 2019
  • Eddie Bauer faces $9.8M tab for data breach

    Cybersecurity continues to be an issue for retailers and customers, incurring costs to company reputations and bottom lines.

    By May 6, 2019
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    Getty Images
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    Trump: Tariffs on $200B Chinese imports will rise to 25% Friday

    The president made the announcement in a pair of tweets, indicating he is displeased with the timeline and pace of U.S.-China trade negotiations.

    By Shefali Kapadia , Emma Cosgrove • May 6, 2019
  • Walmart reportedly changing up store management again

    The move could be part of an effort to change its workplace culture, and potentially has the added benefit of containing labor costs.

    By May 3, 2019
  • H&M ends print catalog after 39 years

    The fast fashion retailer stated that the change is related to its ongoing sustainability goals.

    By May 3, 2019
  • Francesca's to close at least 20 stores this year amid sales plunge

    That number could be conservative in light of the apparel retailer's massive 727-store footprint, mostly in malls.

    By May 3, 2019
  • Target, Walmart envision radically different futures for their growing media businesses

    The big-box rivals both made their NewFronts debuts this week, but their pitches to advertisers largely reinforced the divide in their audiences and brand positioning.

    By Peter Adams • May 3, 2019
  • Modell's CEO: 'The landlords are rooting for us'

    The 130-year-old sporting goods store is aiming for a new lease on life.

    By May 3, 2019
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    Kaarin Vembar/Retail Dive
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    Under Armour continues to falter at home

    Cost cuts helped the athletic brand's turnaround gain some traction in the first quarter, but it has more to do to woo North American shoppers.

    By May 2, 2019
  • Wayfair's loss widens in Q1

    While the company's direct retail revenue saw gains in the first quarter, its loss grew more than anticipated.

    By May 2, 2019
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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
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    Retrieved from Neiman Marcus on March 12, 2019
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    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