Old Navy goes it alone in wake of Gap breakup

Less than two years after forging a growth plan dependent on its best performing brand, Gap Inc. is letting it go as 230 namesake stores shutter.

By Daphne Howland • March 1, 2019

Majority of Neiman Marcus lenders, noteholders sign on to 3-year debt extension

The luxury department store retailer says the agreement will provide it with ample runway to execute its transformation plan.

By Corinne Ruff • Updated March 26, 2019

Foot Locker records strongest sales in company history

Sales landed at $7.9 billion in a year that featured strong investments and the shuttering of unprofitable stores, including a wind down of the SIX:02 business.

By Cara Salpini • March 1, 2019

Debtwire: Pier 1 lenders organize amid concerns of financial deterioration

The company's financial picture is increasingly grim, but with liquidity and borrowing capacity it still has time to turn things around.

By Corinne Ruff • March 1, 2019

Michaels names new CEO, loses CFO

Ashley Buchanan, who served as an executive at Walmart for more than a decade, is set to take over the top role at the crafts retailer.

By Corinne Ruff , Ben Unglesbee • Updated Dec. 27, 2019

Gap to spin off Old Navy into separate public company

"As a result, both companies will be well positioned to capitalize on their respective opportunities and act decisively in an evolving retail environment.” Art Peck, President and CEO of Gap Inc., said in a statement. 

By Corinne Ruff • Feb. 28, 2019

EBay to cede 2 board seats as settlement nears: WSJ

The online marketplace is under pressure from activist investors Elliott Management and Starboard Value to spin off some of its business units and drive more shareholder value.

By Corinne Ruff • Feb. 28, 2019

Marshalls looks online for growth

Off-price retailers thrive thanks to a store-based treasure hunt, but the digital channel can no longer be ignored.

By Daphne Howland • Feb. 28, 2019

L Brands to shutter 53 Victoria's Secret stores

The lingerie market leader continues to see declines, especially in stores, as many consumers reject the brand's sexy image.

By Daphne Howland • Feb. 28, 2019

DSW doubles down on nail services

The shoe store chain will add five more nail salons to stores amid its quest to provide more engaging experiences and services.

By Corinne Ruff • Feb. 28, 2019

DTC brands reap the rewards — and risks — of taking a stand

Newcomers like Billie, Knix and AUrate benefit from customer relationships built on mission. But bolder stances invite scrutiny of their promises.

By Corinne Ruff • Feb. 28, 2019

Costco surpasses Amazon in customer satisfaction survey

The club retailer's investments in online shopping are paying off, according to the latest American Consumer Satisfaction Index report. 

By Krishna Thakker • Feb. 28, 2019

J.C. Penney adds 9 more stores to closure count

The discount department store is on the right track scrapping unprofitable operations, but it must also solve a more existential crisis.

By Daphne Howland • Updated March 27, 2019

TJX profits dip as Q4 sales and traffic surge

The off-price retailer is poised to maintain its leadership position in a segment that is defying current retail imperatives.

By Daphne Howland • Feb. 27, 2019

Best Buy's Q4 revenue beats estimates, shares rise

The retailer performed well both in-store and online, with e-commerce representing 21.9% of all revenue.

By Dan O'Shea • Feb. 27, 2019

Adore Me eyes sales bump with Belabumbum acquisition

The lingerie startup hopes the nearly 20-year-old maternity intimates and apparel brand will bring category expertise and new customers.

By Corinne Ruff • Feb. 27, 2019

Services fuel Office Depot growth

Even the company's retail division is moving away from just selling office supplies.

By Daphne Howland • Feb. 27, 2019

'Exceptional' $1.6B charge pushes Lowe's into the red

The home improvement retailer has more to do to catch up to main rival The Home Depot.

By Caroline Jansen • Feb. 27, 2019

Walmart unveils plan to reduce plastic packaging waste

The retailer is setting big goals, including one to achieve zero plastic waste, by partnering with suppliers on sustainability efforts.

By Kaarin Moore • Feb. 27, 2019

NPR: Walmart's elimination of greeters is impacting workers with disabilities

A pilot program that began two years ago has been transitioning the position into a "customer host" role. That job description now lists many duties not easily performed by some persons with disabilities.

By Corinne Ruff • Feb. 27, 2019

HBC will replace department store chief

Alison Coville is stepping down next month, and whoever replaces her must forge new relevance for centuries-old Hudson's Bay Co.

By Daphne Howland • Feb. 27, 2019

ThirdLove clasps fresh $55M in funding

The new funding will go toward expanding sizes, styles, product offerings and fit technologies, the company says.

By Corinne Ruff • Feb. 27, 2019

Macy's to cut roughly 100 executive jobs

The department store beat expectations, but a cost-saving initiative will slash jobs in favor of investing in the supply chain, inventory management and customer acquisition.

By Corinne Ruff • Feb. 26, 2019

Home Depot misses estimates despite 10.9% sales increase

Although the retailer's 53-week fiscal 2018 inflated sales numbers, comp sales, which don't account for the extra week, also indicated strong performance.

By Caroline Jansen • Feb. 26, 2019

Foot Locker throws $12M into kids apparel startup

Rockets of Awesome will open shop-in-shops within Kids Foot Locker stores and sell on its website. It's the retailer's second investment in a children's startup this year.

By Cara Salpini • Feb. 26, 2019