Financial News: Page 178
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Sears creditors lob objection at Lampert bid
The committee of unsecured creditors hopes to land more funds by calling for a hearing to air grievances over years of alleged financial misconduct by Lampert and ESL.
By Corinne Ruff • Updated Jan. 18, 2019 -
Nordstrom's latest partnership is with period undies brand Thinx
It's becoming clearer than ever that, to make it in retail, direct-to-consumer businesses need brick and mortar.
By Daphne Howland • Jan. 18, 2019 -
Walmart ramps up grocery delivery with 4 new service providers
The companies, including Roadie and Skip Pickup, will initially cover four states as the retailer works toward its goal of reaching 1,600 delivery stores this year.
By Kristine Sherred • Jan. 18, 2019 -
VF has 'powerful' Q3 on strength of Vans, The North Face
The conglomerate has worked to adjust its portfolio to chase growth, and so far that seems to be working.
By Daphne Howland • Jan. 18, 2019 -
Signet hit with $11M penalty for deceptive credit practices
The company, which runs mall-based jewelry brands like Kay and Jared, admits no wrongdoing.
By Daphne Howland • Jan. 18, 2019 -
Gymboree files bankruptcy for 2nd time in 2 years
The children's retailer plans to shutter its Gymboree and Crazy 8 stores, but executives have faith in Janie and Jack, and hope to sell it in Chapter 11.
By Cara Salpini • Jan. 17, 2019 -
Nine West bondholders object to Sycamore settlement
The private equity firm offered a $115 million settlement in response to claims it stripped Nine West of value, but bondholders aren't satisfied.
By Daphne Howland • Updated Feb. 6, 2019 -
Target private label baby brand expands into essentials
The mass merchant is taking steps to freshen up some of its brands in a cohort of private labels that has rolled out over the last 18 months.
By Corinne Ruff • Jan. 17, 2019 -
Deep Dive
Macy's on the brink
The retailer's turnaround has been complicated by a holiday sales miss, and CEO Jeff Gennette must figure out how the department store can survive.
By Daphne Howland • Jan. 17, 2019 -
Brandless launches subscription option
The service is both a convenience play for consumers and a savvy business move aimed at capturing reorders.
By Corinne Ruff • Jan. 17, 2019 -
2018 was a great year for retail, 2019 is another story
Consumers are likely to be less free spending this year, but they're holding onto their high expectations of retailers, according to a Deloitte report.
By Daphne Howland • Jan. 17, 2019 -
Shopko files Chapter 11
The Wisconsin-based retailer will also be closing an additional 38 stores and relocating 20 Optical centers to freestanding locations.
By Kaarin Moore • Jan. 16, 2019 -
Walmart exits CVS pharmacy benefit network over pricing dispute
CVS wants Walmart to fill prescriptions as an in-network pharmacy through April 30, but the retail giant could leave the network as early as February.
By Rebecca Pifer • Jan. 16, 2019 -
Lampert wins back Sears with bid topping $5B
After significant back and forth, the Sears Chairman has prevailed in an auction for the department store chain. The bid, however, still needs approval in court.
By Corinne Ruff • Jan. 16, 2019 -
L'Occitane buys British skincare brand Elemis for $900M
The brand boasts cross-generational appeal and aims to grow its sales opportunities through its tie-up with the French retailer.
By Daphne Howland • Jan. 16, 2019 -
Walmart and VC firms see two paths for DTC brands
Brands either need to be a consumer phenomenon like Warby Parker, or they need to fit into a larger portfolio, like the one that Walmart is building.
By Corinne Ruff • Jan. 16, 2019 -
Patagonia doubles down on sustainability
At NRF's Big Show, CEO Rose Marcario discussed efforts to make the supply chain carbon neutral by 2025, and why taking a stand doesn't hurt business.
By Cara Salpini • Jan. 16, 2019 -
Payless reportedly plans to shutter most, if not all, stores
The shoe retailer is very close to filing Chapter 11 for the second time in less than two years, Bloomberg reports.
By Daphne Howland • Updated Feb. 8, 2019 -
Will a China slowdown hurt retailers?
Despite the bouncing rhetoric around a U.S.-China trade war and signs of a slowing Chinese economy, retailers staking sales growth there may be OK — if they have the goods.
By Daphne Howland • Jan. 16, 2019 -
Pier 1 faces NYSE delisting
The latest bad news for the struggling furniture and home goods retailer comes amid its search for a new chief executive.
By Daphne Howland • Jan. 15, 2019 -
S&P downgrades Charlotte Russe amid 'ongoing weakness'
The negative outlook reflects an increasing likelihood that the apparel retailer could "restructure its debt in some form in the next six months," S&P said.
By Daphne Howland • Jan. 15, 2019 -
Retailers wary of the shutdown, tariffs and a looming recession
There's a greater than 50% chance that a recession hits the U.S. this year, economists said during sessions at the NRF Big Show Monday.
By Corinne Ruff • Jan. 15, 2019 -
J.C. Penney CEO assembles a team as Fitch downgrades
Amid sales struggles and without massive real estate holdings to sell, it's unclear if the discount department store can survive.
By Daphne Howland • Jan. 15, 2019 -
American Eagle launches dressing room technology
The retailer is partnering with Aila Technologies to make fitting rooms a seamless experience.
By Kaarin Moore • Jan. 15, 2019 -
Bebe revamps e-commerce and loyalty program
The brand is making a steady return after avoiding bankruptcy, despite years of struggles.
By Daphne Howland • Jan. 15, 2019
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