Financial News: Page 177
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ThredUP: Resale will reach $51B in 5 years
About nine in 10 retail executives want to get into resale by next year, per the resale marketplace's annual report.
By Corinne Ruff • March 19, 2019 -
Retrieved from Walmart on December 05, 2018
Walmart sparks social media upset after cutting price-matching
The chain's app-based Savings Catcher program will end on May 14, with the company stating that it already offers the lowest price on most items.
By Robert Williams • March 19, 2019 -
Shopko gets court OK for liquidation plan
A judge approved the retailer's most recent revisions to its plan to wind down and distribute liquidation proceeds.
By Ben Unglesbee , Kaarin Moore • Updated June 10, 2019 -
Lane Bryant announces collaboration with Beauticurve
Fashion blogger and influencer Rochelle Johnson is rolling out a new collection that aims to reinvigorate the brand.
By Corinne Ruff • March 18, 2019 -
Macy's to outsource IT unit
After shuttering 100 stores nationwide, the department store is now on the hunt for other ways to save money in its operations.
By Daphne Howland • March 18, 2019 -
Showfields debuts brick-and-mortar space for online brands
Digitally native brands like quip and others will be housed in the immersive space for the next few months, CEO Tal Zvi Nathanel told Retail Dive in an interview.
By Corinne Ruff • March 15, 2019 -
Courtesy of Ulta
Ulta banks on exclusives to fuel growth after earnings beat
Partnerships with digitally native brands like Morphe and Kylie Cosmetics are paying off, and the retailer plans to double down on that strategy.
By Cara Salpini • March 15, 2019 -
Ascena Retail Group mulls its options after tough Q2
The apparel conglomerate is grappling with challenges both inside and outside its control.
By Daphne Howland • March 15, 2019 -
DTC brand Shoes of Prey shutters
The 10-year-old digitally native shoe brand, launched in Australia, closed after a roughly seven-month pause in its operations.
By Corinne Ruff • March 15, 2019 -
Reuters: Pier 1 takes further steps to manage debt
Bankruptcy may not be imminent, but the home furnishings retailer's market position looks increasingly precarious.
By Daphne Howland • March 15, 2019 -
Inditex profits take a hit as sales soar
The Zara parent has stoked e-commerce, with a goal to cover the globe with its operations, but that may be taking a toll.
By Daphne Howland • March 14, 2019 -
Dollar General to open 975 new stores
The dollar store will also remodel 1,000 others, at a time when other retailers are shuttering locations at an alarming pace.
By Daphne Howland • Updated March 15, 2019 -
'Old Sears' and 'new Sears' fighting in court again
Eddie Lampert and Sears Holdings are locked in a dispute over who owes what under the acquisition agreement that kept the Sears chain alive.
By Corinne Ruff , Ben Unglesbee • Updated May 29, 2019 -
Lush demos visual search app and fresh ‘digital packaging’ at SXSW
A mobile-packed activation let guests scan bath products for details like ingredients and price, while highlighting the brand's broader tech focus.
By Natalie Black (Koltun) • March 14, 2019 -
Target cleans up beauty with 'formulated without' icon
The new designation is part of a multi-year initiative to decrease chemicals in products and increase transparency in labeling.
By Corinne Ruff , Cara Salpini • Updated July 18, 2019 -
Amazon caves on seller pricing
The e-commerce giant is feeling the pressure not only from its own sellers and politicians of all stripes, but from shoppers as well.
By Daphne Howland • March 13, 2019 -
WSJ: Modell's Sporting Goods hires restructuring adviser
The specialty athletics retailer is considering a bankruptcy filing, among other options, sources told the publication.
By Cara Salpini • March 13, 2019 -
Rite Aid slashes 400 corporate jobs
The drugstore is shaking up its executive team, starting with John Standley stepping down as CEO, as it tries to compete as a much smaller retailer.
By Daphne Howland • March 13, 2019 -
Retrieved from Neiman Marcus on March 12, 2019
Neiman Marcus swings to a loss as Hudson Yards store debuts
This week the luxury department store retailer opens a 188,000-square-foot store — its first in Manhattan — featuring product, services and dining options.
By Corinne Ruff • March 13, 2019 -
Barnes & Noble names new CIO
The retailer appointed Carlo Pochintesta to the position, who previously worked with Rag & Bone and Steve Madden.
By Samantha Schwartz • March 13, 2019 -
Walmart CFO: online grocery is 'a great brand halo'
In a presentation to investors, Brett Biggs highlighted how online grocery is driving the company's overall growth.
By Jessica Dumont • March 13, 2019 -
Stitch Fix hits 3M active clients
The apparel styling service reported that second quarter net revenue rose 25% year-over-year to $370.3 million.
By Corinne Ruff • March 12, 2019 -
Dick's profits, sales fall despite e-commerce gains
A 17% bump in online sales might be cannibalizing stores, according to analysts, but the retailer expects to return to positive comps in Q2.
By Cara Salpini • Updated March 14, 2019 -
January retail sales clouded by worst December in 9 years
Several retailers saw holiday sales drop off, more than previously thought, according to the federal government's latest monthly sales report.
By Daphne Howland • March 12, 2019 -
Moody's: 2019 will be another tough year for department stores
Store closures and better inventory control are boosting productivity, but margins will be squeezed as e-commerce drives up costs.
By Daphne Howland • March 12, 2019
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