Financial News: Page 175
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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 -
Kaarin Vembar/Retail Dive
Reuters: J. Crew once again in debt restructuring talks
The retailer remains saddled with $1.7 billion in debt even after prevailing in a debt swap scheme last year.
By Daphne Howland • March 29, 2019 -
RH, still resisting e-commerce, reports record revenue
As the furnishing retailer closes in on two years with a new business model, its CEO says it's becoming "a brand with no peer."
By Corinne Ruff • March 29, 2019 -
PVH in talks to sell Calvin Klein women's jeans business
The company is nixing a high-end Calvin Klein menswear line as well.
By Daphne Howland • Updated March 29, 2019 -
Lululemon flexes on plans for a 50% digital business
Executives are expected to share the company's five-year plan at an investors day next month.
By Corinne Ruff • March 28, 2019 -
Retrieved from Target on June 16, 2017
Target includes supplier emissions in new climate goals
For the first time the retailer took into account its entire supply chain, representing 96% of total emissions, in calculating greenhouse gas emissions.
By Emma Cosgrove • March 28, 2019 -
Courtesy of Casper
Casper wakes up the competition with $1.1B valuation
After a fresh $100 million in funding, the mattress startup is the most recent of three retailers to reach unicorn status in the past two weeks.
By Cara Salpini • March 28, 2019 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M launches branding campaign to attract talent
Retailers that prioritize the promotion of their brand as an employer may see a recruiting boost, experts say.
By Valerie Bolden-Barrett • March 28, 2019 -
Fred Segal acquired, plans 3rd LA store
The investment, for an undisclosed amount, will help the brand fulfill its global expansion ambitions.
By Daphne Howland • March 28, 2019 -
J.C. Penney taps new CFO
Bill Wafford is a retail veteran with turnaround expertise, most recently at The Vitamin Shoppe. He may face his biggest test yet.
By Daphne Howland • March 27, 2019 -
7-Eleven lab store offers organic fare, in-store taqueria
The convenience chain is the latest to update its look with freshly made foods, a healthier product assortment and on-trend offerings.
By Lauren Manning • March 27, 2019 -
Retrieved from Walmart on March 25, 2019
Walmart to close 8 Neighborhood Markets
The small-format store closures come as the retailer's grocery sales are rising.
By Jessica Dumont • March 27, 2019 -
Courtesy of Rent the Runway
Rent the Runway sued by rental competitor
FashionPass is alleging the company pressured manufacturers to sell exclusively to it — or lose business altogether.
By Corinne Ruff • March 27, 2019 -
Bed Bath & Beyond fires back at activists
The retailer also said that activists who have called to replace its CEO and entire board never accepted its invitation to work together on its ongoing board and operational revamps.
By Daphne Howland • Updated March 27, 2019 -
Bloomberg: Sycamore seeks $1B in Staples recapitalization
The private equity firm is also considering an IPO of the B2B unit, which split from its consumer retail operations in 2017, sources familiar with the matter told the publication.
By Corinne Ruff • March 26, 2019 -
Wayfair opens first physical store
The Natick, Massachusetts, location features virtual reality technology and complimentary design consultations.
By Corinne Ruff • Updated Aug. 26, 2019 -
Tommy Hilfiger shutters Fifth Avenue store
The brand is also closing a Miami store as it moves to stoke digital sales.
By Daphne Howland • March 26, 2019 -
CVS debuts CBD wellness products
The drugstore retailer joins the boom in consumer cannabis products, a market that research firm Brightfield Group estimates could reach $22 billion by 2022.
By Daphne Howland • March 26, 2019 -
2019 store closures close to surpassing last year's total
Massive closures have brought the tally to 5,399, compared to 5,726 for all of 2018, but new development is tempering that.
By Daphne Howland • March 25, 2019 -
Ascena completes sale of Maurices
The transaction is valued at approximately $300 million.
By Daphne Howland • Updated May 7, 2019 -
Tiffany's sparkle dims in Q4
The iconic American jeweler is attracting younger consumers, but the decline of the middle class complicates its progress at home.
By Daphne Howland • March 25, 2019
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