Financial News: Page 175
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NRF: Retail sales this year could exceed $3.8T
But other economists have a less sanguine view of economic growth and consumer sentiment this year.
By Daphne Howland • Feb. 7, 2019 -
The store of the future depends on employees
When retailers talk about new concepts, they often focus on what they mean for customers. But where does the store associate fit in?
By Corinne Ruff • Feb. 7, 2019 -
J.C. Penney pulls appliances, furniture from US stores
The move comes just three years after then-CEO Marvin Ellison re-introduced the category, which the retailer had ditched decades before.
By Caroline Jansen • Feb. 7, 2019 -
Things Remembered keeps brand name in Ch. 11 buyout
Enesco, a global distributor of tchotchkes through third-party businesses, is taking over the mall-based retailer for an undisclosed amount.
By Daphne Howland • Updated March 11, 2019 -
Michael Kors drags down Capri
Plans for the revamp and integration of Versace are being complicated by a slow recovery at the company's flagship brand.
By Daphne Howland • Feb. 6, 2019 -
The Container Store takes a hit after weak holiday numbers
The retailer is shifting its focus to its custom closet sales, which continued to perform well in the quarter.
By Caroline Jansen • Feb. 6, 2019 -
Apple Retail Chief Angela Ahrendts to leave the company
In the last five years, the exec has led a bold brick-and-mortar expansion predicated on the company's luxury stance.
By Daphne Howland • Feb. 6, 2019 -
New Neiman Marcus execs to focus on customer experience
Innovation has slipped from the upscale department store's grasp as it operates under crushing debt.
By Daphne Howland • Feb. 6, 2019 -
Saks flagship triples handbag selling space
The upscale department store is depending on exclusivity and personalization to bypass weakness in the segment.
By Daphne Howland • Feb. 6, 2019 -
Deep Dive
What will Sears look like on the other side of bankruptcy?
ESL Investments announced Monday that it has completed the $5.2 billion acquisition of the iconic retailer.
By Corinne Ruff • Updated Feb. 12, 2019 -
How DTC brands see the purpose of stores
For three digitally native brands, brick-and-mortar locations are for consumer education — and more.
By Corinne Ruff • Feb. 6, 2019 -
Walmart, Target, 100+ others saved $19.3B through sustainability
Procurement managers of major corporations can exert influence upstream to meet climate goals, but engaging with suppliers remains fairly uncommon.
By Emma Cosgrove • Feb. 6, 2019 -
Joann names new CEO
With a promising turnaround in place, there's little reason to shake up the retailer's leadership, so interim chief Wade Miquelon will remain.
By Daphne Howland • Feb. 5, 2019 -
Pier 1 names CIO with roots in retail tech
New exec Lance Wills' focus on omnichannel solutions and digital transformation will challenge the retailer's operational efficiency.
By Samantha Schwartz • Feb. 5, 2019 -
Ralph Lauren gains traction
The company is yanking sales from off-price and department stores and its new styles are resonating with younger shoppers.
By Daphne Howland • Feb. 5, 2019 -
Outdoor Voices poaches former Under Armour, Nike exec
Pamela Catlett will take on the role of president and COO, with over 15 years of prior experience at Nike and Under Armour combined.
By Cara Salpini • Feb. 5, 2019 -
Ikea to test furniture leasing option in 30 markets
Testing has begun in Switzerland, the Netherlands, Sweden and Poland, and the company hopes to cut down on furniture waste through the service.
By Caroline Jansen • Updated April 4, 2019 -
FullBeauty files, exits bankruptcy in 24 hours
The plus-size apparel retailer won approval of its plan, breaking the record for the fastest Chapter 11.
By Kaarin Moore • Updated Feb. 5, 2019 -
Target stocks women's body care brand Flamingo
The brand is following the lead of parent Harry's, which has been sold through the mass merchant since 2016.
By Corinne Ruff • Feb. 4, 2019 -
Federal pension agency sues Sears to take over pensions
The Pension Benefit Guaranty Corporation is alleging Sears' pension plans are underfunded by $1.4 billion. The retailer's court hearing to approve ESL's bid also begins Monday.
By Corinne Ruff • Feb. 4, 2019 -
David Yurman awarded $1.6M in counterfeit case
The luxury jewelry company obtained a default judgment and permanent injunction against 31 defendants.
By Kaarin Moore • Feb. 4, 2019 -
Charlotte Russe plans for full chain liquidation if no buyer emerges
Without a firm commitment for a stalking horse bidder by Feb. 17, the apparel retailer plans to liquidate.
By Daphne Howland , Cara Salpini • Updated Feb. 6, 2019 -
Walmart to give bonuses for perfect attendance
The retailer is also giving some workers who face unexpected delays up to 48 hours without hurting their record.
By Corinne Ruff • Feb. 4, 2019 -
Draper James expands sizing
Reese Witherspoon's Southern-styled apparel brand is the latest to bring inclusivity to reach more women.
By Daphne Howland • Feb. 4, 2019 -
Amazon's physical store sales fall 3%
Natural maturity and advancing competition are pressuring the company, but its services are filling gaps and protecting margins.
By Daphne Howland • Feb. 1, 2019