Financial News: Page 173
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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 Daphne Howland , Ben Unglesbee • 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 Daphne Howland • 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 Kaarin Moore • 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 Daphne Howland • Updated May 2, 2019 -
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 Kaarin Moore • April 11, 2019 -
Profits don't make a splash at Bed Bath & Beyond
An activist shareholder group calling for the retailer to replace its CEO said Q4 results underscore that need, but some analysts say the company needs time.
By Daphne Howland • April 11, 2019 -
Kohl's lands exclusive deal with Elizabeth and James
The retailer said it hopes to attract new customers, particularly millennials, through the collection.
By Caroline Jansen • April 11, 2019 -
What's the Story with Macy's?
The department store has moved swiftly to roll out the retail concept, but risks and challenges remain.
By Daphne Howland • April 11, 2019 -
Cara Salpini/Retail Dive
Moody's downgrades L Brands' outlook on Victoria's Secret woes
The lingerie brand has lost favor among many consumers, and Wall Street is growing increasingly concerned.
By Daphne Howland • April 10, 2019 -
New CEO joins Mattress Firm amid turnaround
John Eck has executive experience in finance, tech and, crucially, operational improvement.
By Kaarin Moore • Updated May 28, 2019 -
Daphne Howland/Retail Dive
Levi's notches profit in 1st post-IPO quarter
The storied denim company is diversifying its operations and its merchandising and is increasingly being accepted by younger consumers as a lifestyle brand.
By Daphne Howland • April 10, 2019 -
Retrieved from Walmart on April 10, 2019
Walmart adds nearly 4K robots to stores
More retailers are adding machines to their workforces as automation gains traction.
By Caroline Jansen • April 10, 2019 -
Walgreens to bring primary care clinics to Houston stores
The effort comes as CVS ramps up its efforts to create health hubs after the retail giant bought Aetna.
By Rebecca Pifer • April 10, 2019 -
REI expands gear rental to 115 stores
Skis, snowboards and camping kits are among additions to the program as the outdoor retailer looks to further its efforts in rental, used and trade-in gear.
By Cara Salpini • April 10, 2019 -
Macy's debuts 'Story' in 36 stores nationwide
The department store is leveraging its scale, often criticized by analysts, to expand the retail concept it acquired a year ago.
By Daphne Howland • April 10, 2019 -
Courtesy of Bonobos
Deep DiveHow Bonobos became the 'DNVB college'
An entrepreneurial culture has sparked many employees to launch their own businesses or leave to grow other brands, but CEO Micky Onvural hopes to woo them back down the road.
By Corinne Ruff • April 10, 2019 -
Kaarin Vembar/Retail Dive
75K stores could shutter by 2026
Expect more store closures as retail sales growth slows and e-commerce takes a greater share, according to a note from UBS analysts.
By Daphne Howland • April 9, 2019 -
Guitar Center taps Banana Republic vet to lead Music & Arts brand
Jeff Gottlieb will oversee a unit that conducts sales and rentals to schools and students.
By Daphne Howland • April 9, 2019 -
Opinion
Lessons learned from a trip to Neiman Marcus' Dallas flagship
Bringing shoppers into stores and converting browsers into buyers is all about being more human in an increasingly inhuman world, writes retail consultant Bob Phibbs.
By Bob Phibbs • April 9, 2019 -
Fred's reportedly hires financial adviser
The discounter has tapped a restructuring firm and may close stores, though bankruptcy isn’t imminent, sources told The Wall Street Journal.
By Daphne Howland • April 8, 2019 -
Retail leads in job cuts as employment holds steady
The economy is still adding jobs, but employment and wage growth are both slowing, and that could be bad news for retailers.
By Daphne Howland • April 8, 2019 -
Roberto Cavalli files Chapter 7
The luxury fashion house closed all U.S. stores at the end of March and stated in court documents that it is no longer able to operate.
By Kaarin Moore • Updated April 8, 2019 -
Target announces June wage hike to $13 an hour
The incremental bump is part of the retailer's plan to reach a $15 minimum wage by 2020.
By Kathryn Moody , Valerie Bolden-Barrett • April 5, 2019 -
A.T. Kearney bullish on M&A in CPG, retail spaces in 2019
A survey of more than 100 C-level executives found 88% expected deal-making to be "equal or better than 2018 levels" due partly to falling asset prices and a search for growth.
By Christopher Doering • April 5, 2019 -
Bruce Bennett via Getty Images
CVS extends same-day Rx delivery to 6K stores
Increasing home delivery options could be a huge advantage for the drugstore retailer against rivals like Walgreens and even Amazon.
By Daphne Howland • April 5, 2019
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