Financial News: Page 179


  • Kohl's CEO: 'We are financially strong'

    According to analysts, the retailer is improving in-store and mobile experiences for shoppers, but net income for the quarter fell 42% and 7% for the year.

    By March 5, 2019
  • Dollar Shave Club expands products amid lifestyle push

    The company, bought for $1 billion by CPG giant Unilever three years ago, continues to take steps beyond its core razor product.

    By March 5, 2019
  • Art Peck: 'We're opening Gap stores'

    The Gap Inc. CEO just days ago said 230 locations would shutter. At Shoptalk he said others are opening, but they won't be in malls.

    By March 5, 2019
  • David's Bridal CEO, CFO step down

    The retailer announced a change in executive leadership and appointed a strategic advisor.

    By March 5, 2019
  • Diesel USA's Ch. 11 plan approved

    The jeans retailer cited several reasons for bankruptcy including expensive leases, a downturn in wholesale orders and numerous instances of fraud.

    By Updated April 17, 2019
  • Macy's: 'We know we have to disrupt ourselves'

    At Shoptalk, department stores are invoked as either what not to be or what must change in retail. But the retailers themselves say they're staging a comeback.

    By March 4, 2019
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    Cara Salpini/Retail Dive
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    Gap Inc.'s $35M bid for Janie and Jack approved

    A $76 million bid from The Children's Place for the remaining Gymboree and Crazy 8 assets was also approved, effectively splitting the struggling retailer among its rivals.

    By Updated March 5, 2019
  • Judge dismisses Marble Ridge suit against Neiman Marcus

    A Texas judge on Tuesday concluded that the lawsuit regarding Neiman Marcus' transfer of its MyTheresa business lacked "subject matter jurisdiction."

    By Updated March 19, 2019
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    Retrieved from Amazon on October 09, 2018
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    WSJ: Amazon plans to launch new grocery chain

    The yet-to-be-named business will be distinct from the Whole Foods brand and could open its first store as early as this year in Los Angeles.

    By Jeff Wells , Jessica Dumont • March 1, 2019
  • Wayfair will open new last-mile facilities every month in 2019

    Though net loss is growing for the company, Wayfair's CEO said the e-commerce giant is playing a long game — seizing control of its supply chain from both ends. 

    By Emma Cosgrove • March 1, 2019
  • Nordstrom Rack overshadows flagship again

    The department store's innovations and loyalty revamp appear to be paying off.

    By March 1, 2019
  • Old Navy goes it alone in wake of Gap breakup

    Less than two years after forging a growth plan dependent on its best performing brand, Gap Inc. is letting it go as 230 namesake stores shutter.

    By March 1, 2019
  • Majority of Neiman Marcus lenders, noteholders sign on to 3-year debt extension

    The luxury department store retailer says the agreement will provide it with ample runway to execute its transformation plan.

    By Updated March 26, 2019
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    Cara Salpini/Retail Dive
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    Foot Locker records strongest sales in company history

    Sales landed at $7.9 billion in a year that featured strong investments and the shuttering of unprofitable stores, including a wind down of the SIX:02 business.

    By March 1, 2019
  • Debtwire: Pier 1 lenders organize amid concerns of financial deterioration

    The company's financial picture is increasingly grim, but with liquidity and borrowing capacity it still has time to turn things around.

    By March 1, 2019
  • Michaels names new CEO, loses CFO

    Ashley Buchanan, who served as an executive at Walmart for more than a decade, is set to take over the top role at the crafts retailer.

    By , Updated Dec. 27, 2019
  • Gap to spin off Old Navy into separate public company

    "As a result, both companies will be well positioned to capitalize on their respective opportunities and act decisively in an evolving retail environment.” Art Peck, President and CEO of Gap Inc., said in a statement. 

    By Feb. 28, 2019
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    Retrieved from Ebay on February 28, 2019
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    EBay to cede 2 board seats as settlement nears: WSJ

    The online marketplace is under pressure from activist investors Elliott Management and Starboard Value to spin off some of its business units and drive more shareholder value.

    By Feb. 28, 2019
  • Marshalls looks online for growth

    Off-price retailers thrive thanks to a store-based treasure hunt, but the digital channel can no longer be ignored.

    By Feb. 28, 2019
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    L Brands to shutter 53 Victoria's Secret stores

    The lingerie market leader continues to see declines, especially in stores, as many consumers reject the brand's sexy image.

    By Feb. 28, 2019
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    DSW
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    DSW doubles down on nail services

    The shoe store chain will add five more nail salons to stores amid its quest to provide more engaging experiences and services.

    By Feb. 28, 2019
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    Billie
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    Deep Dive

    DTC brands reap the rewards — and risks — of taking a stand

    Newcomers like Billie, Knix and AUrate benefit from customer relationships built on mission. But bolder stances invite scrutiny of their promises.

    By Feb. 28, 2019
  • Costco surpasses Amazon in customer satisfaction survey

    The club retailer's investments in online shopping are paying off, according to the latest American Consumer Satisfaction Index report. 

    By Krishna Thakker • Feb. 28, 2019
  • J.C. Penney adds 9 more stores to closure count

    The discount department store is on the right track scrapping unprofitable operations, but it must also solve a more existential crisis.

    By Updated March 27, 2019
  • TJX profits dip as Q4 sales and traffic surge

    The off-price retailer is poised to maintain its leadership position in a segment that is defying current retail imperatives.

    By Feb. 27, 2019