Financial News: Page 174
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Chico's appoints Nordstrom veteran as president
The retailer announced that former the former president of Nordstrom Rack, Karen McKibbin, will lead the struggling brand.
By Kaarin Moore • March 7, 2019 -
L Brands comes to terms with activist
Barington Capital had slammed Victoria's Secret's merchandising and marketing, and said it's dragging down better-performing Bath & Body Works.
By Daphne Howland • Updated April 23, 2019 -
AmazonFresh to feature sponsored products on website
The content, which will appear to U.S. shoppers where the service is available, will create a way for food brands to stand out.
By Lauren Manning • March 6, 2019 -
Ross issues weak outlook despite beating earnings
The less-than-encouraging guidance is due in part to underperformance in its ladies apparel category.
By Caroline Jansen • March 6, 2019 -
Family Dollar to close nearly 400 stores
Parent Dollar Tree is struggling to integrate the discount banner it acquired in 2015.
By Kaarin Moore • March 6, 2019 -
Kohl's partners with Planet Fitness
The retailer will also expand its plus-size product options in partnership with Nike in an effort to further its wellness initiative.
By Kaarin Moore • March 6, 2019 -
Marvin Ellison: 'Don't blend in'
The CEO, who has been at Lowe's for seven months now, is driving a cultural change that embraces employees and caters to different types of customers.
By Corinne Ruff • March 6, 2019 -
Target notches best traffic and sales in over a decade
A growth plan that kicked off two years ago focusing on delivery, private label brands and stores is bearing fruit.
By Corinne Ruff • March 5, 2019 -
Kohl's CEO: 'We are financially strong'
According to analysts, the retailer is improving in-store and mobile experiences for shoppers, but net income for the quarter fell 42% and 7% for the year.
By Kaarin Moore • March 5, 2019 -
Dollar Shave Club expands products amid lifestyle push
The company, bought for $1 billion by CPG giant Unilever three years ago, continues to take steps beyond its core razor product.
By Corinne Ruff • March 5, 2019 -
Art Peck: 'We're opening Gap stores'
The Gap Inc. CEO just days ago said 230 locations would shutter. At Shoptalk he said others are opening, but they won't be in malls.
By Daphne Howland • March 5, 2019 -
David's Bridal CEO, CFO step down
The retailer announced a change in executive leadership and appointed a strategic advisor.
By Kaarin Moore • March 5, 2019 -
Diesel USA's Ch. 11 plan approved
The jeans retailer cited several reasons for bankruptcy including expensive leases, a downturn in wholesale orders and numerous instances of fraud.
By Kaarin Moore • Updated April 17, 2019 -
Macy's: 'We know we have to disrupt ourselves'
At Shoptalk, department stores are invoked as either what not to be or what must change in retail. But the retailers themselves say they're staging a comeback.
By Daphne Howland • March 4, 2019 -
Gap Inc.'s $35M bid for Janie and Jack approved
A $76 million bid from The Children's Place for the remaining Gymboree and Crazy 8 assets was also approved, effectively splitting the struggling retailer among its rivals.
By Cara Salpini • Updated March 5, 2019 -
Judge dismisses Marble Ridge suit against Neiman Marcus
A Texas judge on Tuesday concluded that the lawsuit regarding Neiman Marcus' transfer of its MyTheresa business lacked "subject matter jurisdiction."
By Corinne Ruff • Updated March 19, 2019 -
WSJ: Amazon plans to launch new grocery chain
The yet-to-be-named business will be distinct from the Whole Foods brand and could open its first store as early as this year in Los Angeles.
By Jeff Wells , Jessica Dumont • March 1, 2019 -
Wayfair will open new last-mile facilities every month in 2019
Though net loss is growing for the company, Wayfair's CEO said the e-commerce giant is playing a long game — seizing control of its supply chain from both ends.
By Emma Cosgrove • March 1, 2019 -
Nordstrom Rack overshadows flagship again
The department store's innovations and loyalty revamp appear to be paying off.
By Daphne Howland • March 1, 2019 -
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 Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
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