Financial News: Page 179
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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 -
J.Crew selects sustainable denim supplier, but is it a natural fit?
Apparel retailers are more proactive in pursuing sustainable sourcing, but they’re thwarted in many ways.
By Andy Burt • Feb. 1, 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 to shutter 160 stores amid profit slump
The apparel company is climbing a digital learning curve in a belated move to grow and integrate its e-commerce.
By Daphne Howland • Feb. 1, 2019 -
Avon to slash workforce by another 10%
The job cuts, part of a turnaround strategy revision, come on top of an 8% reduction last year.
By Corinne Ruff • Feb. 1, 2019 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels to close 36 Pat Catan's stores
The retailer will rebrand some locations, but shuttering the smaller arts-and-crafts chain was inevitable, according to GlobalData Retail.
By Daphne Howland • Jan. 31, 2019 -
Francesca's completes strategic review without a sale
The struggling women's apparel and accessories retailer announced a new $10 million loan to support its turnaround efforts.
By Corinne Ruff , Ben Unglesbee • Updated Aug. 14, 2019 -
FAO Schwarz to open at Selfridges in London
The iconic toy retailer's revival entails a return to its experiential stores and a global expansion.
By Daphne Howland • Jan. 31, 2019 -
Deep Dive
The running list of 2019 bankruptcy victims
Destination Maternity is the latest retailer to file, with plans to close roughly half its stores and sell itself in bankruptcy.
By Daphne Howland , Ben Unglesbee , Cara Salpini , Kaarin Moore , Caroline Jansen • Updated Oct. 23, 2019