Financial News: Page 180
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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 -
Deep Dive
10 top retail executives on the state of the industry
The role of a chief executive requires vision above all else. At Shoptalk, execs from Gap, Macy's, Nordstrom, Lowe's and a host of disruptors offered insights from a unique industry perch.
By Daphne Howland , Corinne Ruff , Cara Salpini • March 11, 2019 -
Walmart tightens on-time, in-full rate for suppliers to 87%
The retailer toughened its on-time, in-full policy from the previous requirement of 85% as it seeks greater control over inventory.
By Matt Leonard • March 11, 2019 -
Sephora to open 35 US stores in 2019
In addition to the new locations, the retailer announced changes to its Beauty Advisor uniforms and a partnership with a luxury treatment center in California.
By Cara Salpini • March 11, 2019 -
Home Depot to hire 80K workers with proprietary hiring tech
Technology for such big-box retailers streamlines functions that were once time-consuming and burdensome for HR professionals and managers.
By Valerie Bolden-Barrett • March 11, 2019 -
Glamsquad to launch makeup line in April
The beauty service provider has capitalized on customer feedback to develop its own products, a strategy that began in December with a haircare line.
By Cara Salpini • March 11, 2019 -
Mattel faces lawsuit over Barbie, Hot Wheels sales
The toy maker is celebrating its famous and controversial doll's 60th birthday, but investors claim the company failed to disclose falling demand for the toy.
By Daphne Howland • March 11, 2019 -
Indochino expands on the West Coast
By the end of the year, the men's custom suit brand will have 50 showrooms across North America.
By Corinne Ruff • March 11, 2019 -
WWD: Walmart cuts a deal with men's grooming brand
Johnny's Chop Shop, which launched out of the Topshop men's department, is selling products in 3,500 Walmart stores.
By Corinne Ruff • March 8, 2019 -
Abercrombie & Fitch plans to close up to 40 stores this year
The teen apparel retailer's fourth quarter and full-year results show a loss of momentum at the flagship label as its lower-priced Hollister brand fared better.
By Daphne Howland • March 8, 2019