Financial News: Page 172
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Dick's Sporting Goods pays $2.9M to settle unpaid security check suit
California law defines "hours worked" as time during which an employee is subject to an employer's control, the court said.
By Jennifer Carsen • April 4, 2019 -
Amazon partnership delivering returns for Kohl's
Providing a service to Amazon customers may be bringing sales and shoppers to Kohl's stores, according to Earnest Research.
By Daphne Howland • April 4, 2019 -
ABG grabs Volcom from Kering
The brand marketing conglomerate sees great potential in the export of American skate, surf and snow culture to a wider international audience.
By Daphne Howland • April 4, 2019 -
HBC boosts profits as store comps decline
The Canadian department store company is banking on its best performer, American luxury retailer Saks Fifth Avenue, to continue to lead its growth.
By Daphne Howland • April 3, 2019 -
GameStop lost $673M last year
The gaming segment is in the midst of a shift that is forcing major changes to the retailer's operations.
By Daphne Howland • April 3, 2019 -
Madewell names 1st CEO
Libby Wadle has led the brand as president for two years and has been at parent brand J. Crew in various roles since 2004.
By Daphne Howland • April 3, 2019 -
Etsy executive appointed CEO of Blue Apron
Retail veteran Linda Findley Kozlowski will lead the struggling meal kit company following the resignation of Brad Dickerson.
By Jessica Dumont • April 3, 2019 -
Lululemon's self-care line to debut at Sephora
The products, which include dry shampoo and deodorant, will also be available at select Lululemon locations and studio partners.
By Cara Salpini , Kaarin Moore • Updated June 18, 2019 -
Walmart launches voice-activated grocery shopping
The new service will allow customers to voice order groceries from their Google Assistant devices including Google Home, iPhone and Android.
By Krishna Thakker • April 3, 2019 -
Deep Dive
What's different about Levi's
The brand has defined American denim since the 19th century by remaining a pioneer. Now Wall Street will have a say in its future.
By Daphne Howland • April 3, 2019 -
Staples launches brand revamp
The retailer also revealed five private labels and appears to be emphasizing its consumer-facing operations, but it has abandoned its coworking pilot.
By Daphne Howland • April 2, 2019 -
Cara Salpini/Retail Dive
Macy's hires 1st chief supply chain officer
Dennis Mullahy comes to the retailer from Michaels and previously worked at Ulta and Meijer.
By Emma Cosgrove • April 2, 2019 -
Payments company Airwallex lands unicorn status
The fintech business, which reached a $1 billion valuation in only three years, supports a variety of corporations including JD.com, Tencent and MasterCard.
By Kaarin Moore • April 2, 2019 -
Retail sales tumble in February
January, however, went better than initially reported. Core retail sales for the month were revised up to a 0.8% rise.
By Daphne Howland • April 2, 2019 -
How Dick's Sporting Goods' CTO will revamp athletic e-commerce
The retailer is investing about $15 million in e-commerce fulfillment capabilities and $10 million in technology.
By Samantha Schwartz • April 2, 2019 -
Cara Salpini/Retail Dive
QVC plans 1st exclusive beauty brand
Carmindy Beauty will be developed with Batallure Beauty and will sell exclusively on the video commerce platform when it debuts in September.
By Cara Salpini • April 2, 2019 -
Walgreens Q2 'disappointing'
The drugstore retailer's CEO and analysts used the same word to describe results, and executives announced a reorganization focused on cutting costs.
By Daphne Howland • April 2, 2019 -
H&M pledges 100% sustainable cotton by 2020
The commitment is part of a larger plan to convert to recycled or sustainable materials exclusively by 2030.
By Emma Cosgrove • April 2, 2019 -
Amazon cuts prices on hundreds of Whole Foods products
The e-commerce giant is doubling down on deals for Prime members at its grocery store, while shoppers without the membership will see prices slashed an average of 20% beginning Wednesday.
By Jessica Dumont • April 2, 2019 -
Barneys refutes downsizing
A company spokesperson disputed media reports that the retailer will shrink the footprint of its Madison Avenue flagship store.
By Daphne Howland • Updated April 2, 2019 -
Cara Salpini/Retail Dive
Charlotte Russe sells off its brands as all stores shutter
New owner Mamiye will sell the Peek Kids label online and through wholesale, while fashion company YM takes over its flagship.
By Daphne Howland • April 1, 2019 -
H&M turnaround gains traction
The fast-fashion retailer has worked through its excess inventory and is finally focusing on e-commerce, but must do more to boost profits.
By Daphne Howland • April 1, 2019 -
Christian bookseller LifeWay shuttering all locations
The organization in January decided to shrink its brick-and-mortar footprint, but more recently chose to eliminate it entirely to focus on digital sales.
By Daphne Howland • April 1, 2019 -
Lidl opens 'Express' mini store
The 1,000-square-foot site is located on the ground floor of the company’s Arlington, Virginia, headquarters.
By Jeff Wells • March 29, 2019 -
Bed Bath & Beyond reportedly lays off almost 150
As the home goods retailer this week also sparred with three activist investors, it said that the layoffs reflect a new focus on e-commerce.
By Daphne Howland • March 29, 2019
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