Financial News: Page 171
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Chewy to fetch $1B in IPO
The price of the online retailer's public offering tops previous estimates.
By Daphne Howland , Ben Unglesbee • Updated June 14, 2019 -
$4B Miami Worldcenter breaks ground on new retail, parking
This latest construction start will add to the retail and residential projects already under way at the mega-development.
By Kim Slowey • April 29, 2019 -
Walgreens hires its 1st global chief supply chain officer
Colin Nelson is taking on the role, joining the drugstore retailer from the agribusiness Bunge.
By Matt Leonard • April 29, 2019 -
Fabletics opens NYC pop-up
Last summer, Kate Hudson's activewear brand announced a massive brick-and-mortar expansion as physical stores boost sales online and off.
By Daphne Howland • April 29, 2019 -
Retrieved from Walmart on April 25, 2019
Walmart reveals 1st 'intelligent' lab store
Equipped with cameras, sensors, interactive displays and major processing power, the souped-up Neighborhood Market aims to take efficiency and customer experience to new heights.
By Jessica Dumont • April 26, 2019 -
J.C. Penney quietly replaces longtime menswear chief
James Starke was replaced by company veteran Jeff Useforge, who has spent much of his career in men's, with some specialty in big and tall.
By Daphne Howland • April 26, 2019 -
Entertainment is filling a retail void for toy makers
It's not like Hasbro or Mattel are getting out of the toy business, but many of those sales continue to fall.
By Daphne Howland • April 26, 2019 -
Amazon stokes profits as retail growth slows
The e-commerce giant is facing stiff competition these days and isn't grabbing market share like before, so it must innovate, "just like any other retailer."
By Daphne Howland • April 26, 2019 -
Forever 21 shutting down Chinese e-commerce site
There are also reports of store closures and massive discounting that could indicate the brand is exiting the country, according to Women's Wear Daily.
By Daphne Howland • April 26, 2019 -
Retrieved from Amazon on July 11, 2017
Amazon 'morphing' free Prime 2-day shipping to 1 day
The e-commerce giant is investing $800 million to upgrade the infrastructure that was built to handle its most popular Prime membership perk.
By Daphne Howland • April 25, 2019 -
UK regulators block Walmart's $9.4B Asda sale
Merging with Sainsbury's would have created the country's largest chain and netted Walmart $4 billion.
By Jeff Wells • April 25, 2019 -
Lululemon wants to double men's and digital by 2023
The athletics retailer is also launching its own footwear, placing it in tighter competition with rivals Nike and Under Armour.
By Caroline Jansen • April 25, 2019 -
Pier 1 downgraded on debt, poor prospects
In a statement, the retailer said it has a plan that will return the company to, "long-term health and sustainable financial performance."
By Daphne Howland • Updated April 26, 2019 -
Burlington names former Ross executive CEO
The retailer announced Michael O'Sullivan will succeed Thomas Kingsbury, who will step down in September.
By Kaarin Moore • April 25, 2019 -
'Meet PillPack': Amazon rolls out Rx delivery direct marketing
The campaign provides a peek behind the curtain of the famously secretive e-commerce giant, which has edged into healthcare in recent years.
By Rebecca Pifer • April 24, 2019 -
Prime Unicorn Index: The RealReal set to hit unicorn status with latest funding
The upscale resale site authorized the sale of up to $70 million in new shares, which if sold, would value the company at over $1 billion.
By Caroline Jansen • April 24, 2019 -
EBay upgrades guidance on Q1 performance
Like Amazon, the company is seeing more money come in from its advertising operations.
By Daphne Howland • April 24, 2019 -
H&M expands product transparency for online apparel
Several sustainability and ethics watchers give the fast-fashion retailer props for its efforts, but also say it should go further.
By Daphne Howland • April 24, 2019 -
Chico's names Bonnie Brooks CEO
Brooks previously served as interim CEO after Shelley Broader’s departure in April.
By Daphne Howland , Cara Salpini • Updated July 19, 2019 -
Ulta lands exclusive deal with DTC brand Madison Reed
It's part of a larger strategy for the beauty retailer, which has also made deals with brands like Morphe and Kylie Cosmetics.
By Cara Salpini • April 24, 2019 -
Retail hiring fell 8.1% in 2018
The shift is particularly noteworthy because the industry has struggled with recruiting and retention efforts of late.
By Valerie Bolden-Barrett • April 23, 2019 -
Retrieved from Amazon on April 23, 2019
Amazon makes garage parcel deliveries available
The release of Key for Garage is the company's latest effort to fight back against porch pirates and ensure deliveries end up in the right hands.
By Matt Leonard • April 23, 2019 -
All Kohl's stores to take Amazon returns
The 2-year-old pilot will become standard practice in July, and brings benefits to both retailers and their customers.
By Daphne Howland • April 23, 2019 -
Torrid withdraws IPO plans
Plus apparel is getting renewed attention from disruptors and traditional brands alike, and that may be pressuring the private equity-owned retailer.
By Daphne Howland • April 23, 2019 -
Walmart rewards supplier emission cuts
Suppliers for the retailer have avoided 3.46 million metric tons of greenhouse gas emissions as part of Project Gigaton China.
By Matt Leonard • April 23, 2019