Financial News: Page 170


  • Amazon, Walmart join online SNAP pilot

    The USDA program, which has launched in New York state, will bring the convenience of online grocery shopping to millions of benefit recipients. 

    By Jessica Dumont • April 22, 2019
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    Kendall Davis/Retail Dive
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    Podcast

    Conversational Commerce: How one digitally native brand baked sustainability into its DNA

    An environmental focus doesn't have to come at the cost of profitability, says Grove Collaborative CEO Stu Landesberg.

    By April 22, 2019
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    Yujin Kim/Retail Dive
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    Deep Dive

    True blue: Denim has to change to save the planet

    The classic American blue jean may be the world's most beloved fabric, and innovations are helping produce it more sustainably.

    By April 22, 2019
  • March sales surge 1.7%

    Most segments, including many that had declines last month, bounced back from February, according to the latest monthly retail sales report from the Commerce Department.

    By April 18, 2019
  • Amazon China marketplace is shutting down

    The e-commerce giant opened a digital store on Alibaba's Tmall in 2015, suggesting the company would eventually wind down sales operations, according to analysts.

    By April 18, 2019
  • Pier 1 appoints interim CFO amid growing financial loss

    Deborah Rieger-Paganis, with 30 years of experience improving retailers' finances, replaces Nancy Walsh. But will that be enough?

    By April 18, 2019
  • Consumer confidence may be hitting a peak

    Americans remain among the most confident consumers in the world, but there are some signs of softening here, too.

    By April 18, 2019
  • Aldi and Kohl's set to benefit from combo stores, report says

    More than three-quarters of shoppers polled by Field Agent said they’d very likely shop at both stores in the same trip.

    By Lauren Manning • April 18, 2019
  • Neiman Marcus takes minority stake in resale site Fashionphile

    The department store is investing in the e-commerce company in an effort to reach "younger shoppers ahead of their peak spending years." 

    By April 17, 2019
  • New Sears to acquire Hometown

    Reuniting with the unit that was spun off in 2012 would add 617 stores to Sears' reach and make it the third-largest appliance retailer.

    By , Updated June 3, 2019
  • Wayfair boosted orders over 300% during Way Day

    However, compared to results from the company's sales holiday last year, the numbers were less stellar.

    By April 17, 2019
  • Best Buy, Target jump into at-home medical device market

    The partnerships give both medical device companies an opportunity to reach a broader audience through mass merchant retailers, and tightens the relationship between healthcare and retail.

    By April 17, 2019
  • Destination Maternity margins shrink

    The retailer is chipping away at inventory and doesn't want to flood the market with under-priced merchandise as it tries to move sales.

    By April 16, 2019
  • REI paddles deeper into watersports

    Just days after announcing an expansion of its rental program, the retailer is adding paddleboards and kayaks to the list of rentable gear.

    By April 15, 2019
  • Best Buy names new CEO

    Corie Barry, the company's current chief financial and strategic transformation officer, will take on the position, effective June 11.

    By April 15, 2019
  • Anthropologie employee dubbed 'mom' gets age claim revived

    After she expressed interest in a supervisor job, a manager allegedly told the plaintiff she was too old and didn't have the stamina for the position.

    By Lisa Burden • April 15, 2019
  • Ace Hardware adds 'Deliver from Store' options

    The efforts to improve order fulfillment come in addition to already existing features, which aim to optimize the retailer's e-commerce business.

    By April 12, 2019
  • Ross president and COO resigns

    Michael O'Sullivan had been in the role since 2009 and CEO Barbara Rentler says there are more management changes to come.

    By April 12, 2019
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    Retrieved from Walmart on April 12, 2019
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    Walmart to acquire ad-tech startup Polymorph

    The big box chain hopes to help brands connect with consumers in more cutting-edge ways as it tries to keep up with Amazon's quickly growing ad business.

    By Chantal Tode • April 12, 2019
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    Petco
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    Shipt, Petco partner for same-day delivery

    Pet owners will be able to get supplies delivered from nearly 1,300 stores as quickly as under an hour.

    By April 12, 2019
  • Fred's to close another 104 stores

    The new closures come on top of the 159 announced in April as the struggling drugstore retailer tries to restructure.

    By , Updated May 16, 2019
  • Chico's to launch online lingerie brand targeting millennials

    TellTale is a smart play for younger customers in a market where leader Victoria's Secret is ceding share, analysts say.

    By April 12, 2019
  • J. Crew mulls IPO for Madewell brand

    Michael Nicholson was named interim CEO of J. Crew Group, while President and Chief Experience Officer Adam Brotman resigned from his position.

    By April 12, 2019
  • Rite Aid regains compliance with NYSE

    The company is above the minimum requirement of a $1-per-share price, so is now meeting listing rules.

    By Updated May 2, 2019
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    Modcloth
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    ModCloth taps new CEO

    Antonio Nieves departed the position, and Silvia Mazzucchelli, who most recently worked with American Apparel, was selected to lead the company. 

    By April 11, 2019