Financial News: Page
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Tariffs could raise prices up to $25 at Ugg, Calvin Klein
Apparel brands that were safe from initial tariff increases now find themselves highly exposed to the proposed tranche four tariffs, which include apparel, leather and textiles.
By Morgan Forde • June 7, 2019 -
Walmart CEO backs higher federal minimum wage
"$7.25 is too low," Doug McMillon said in remarks delivered at the company's annual shareholder meeting Wednesday.
By Ryan Golden • June 7, 2019 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Cara Salpini/Retail Dive
Charlotte Russe resurrected with 5 new stores
The fashion house that bought the retailer's IP has plans to open 100 stores — about a fifth as many as the retailer had when it filed for Chapter 11.
By Ben Unglesbee • June 6, 2019 -
Amazon's new 'StyleSnap' feature could be a game changer — if it works
Once it launches, users will be able upload a photo of a style they like and get similar product recommendations from Amazon's assortment.
By Daphne Howland • June 6, 2019 -
Off-price retailers emerge as rare winners in trade war
Any business that can capitalize on uncertainty is sure to fair well in the midst of a global trade war. Burlington, Ross and TJX may do just that.
By Emma Cosgrove • June 6, 2019 -
Courtesy of Stitch Fix
Men's sales fuel Stitch Fix momentum
In addition to building out its customer base, the styling service grew revenue per active client, and sees great potential in its U.K. expansion.
By Daphne Howland • June 6, 2019 -
True Religion taps another interim CEO
Consultant Farla Efros replaces Chelsea Grayson, who herself was appointed only in November, on a temporary basis, to replace John Ermatinger.
By Daphne Howland • June 5, 2019 -
Ikea to roll out robotic furniture for tight living spaces
Through a partnership with Ori, the retailer plans to roll out the product in Hong Kong and Japan by 2020.
By Caroline Jansen • June 5, 2019 -
American Eagle Q1 revenues break record
The apparel retailer says it's leading in denim, and that's just more bad news for Gap.
By Daphne Howland • June 5, 2019 -
GameStop's turnaround pressures mount as sales drop 13%
In his first call with investors, the retailer's new CEO acknowledged "we need to transform to remain a viable player in our industry" as it rapidly digitizes.
By Ben Unglesbee • June 5, 2019 -
Williams-Sonoma will halve China sourcing in the next year
Executives didn't say if the retailer will have to raise costs, but it has introduced products with a lower price point to offset any necessary price increases.
By Emma Cosgrove • June 5, 2019 -
Walmart expands $1 a day degree program
The big box retailer will subsidize the cost of tuition, books and fees.
By Hallie Busta • June 5, 2019 -
CVS to open 1.5K HealthHUB stores in next 2 years
The pharmacy chain's shares were up 3% premarket Tuesday following the news, which was released in tandem with the company's 2019 Investor Day.
By Rebecca Pifer Parduhn • June 4, 2019 -
Lands' End sales take a $17.9M hit as it closes Sears shops
The apparel brand might be making a smart move by taking control of its retail destiny, but parting with the declining department store chain won't be painless.
By Ben Unglesbee • June 4, 2019 -
WSJ: Forever 21 hires restructuring advisers
The fast-fashion retailer hopes to renegotiate leases and overhaul operations in its efforts to avoid bankruptcy, the publication reported.
By Daphne Howland • Updated June 19, 2019 -
Retrieved from Walmart on February 14, 2019
Walmart hires new leader for Store No. 8
The incoming head of the retail giant's tech incubator, Scott Eckert, hails from investment giant Bain Capital's VC arm.
By Ben Unglesbee • June 4, 2019 -
West Elm to build out Floyd shop-in-shops
The DTC furniture brand will offer its entire product assortment in locations in Austin, Texas; Santa Monica, California; and New York.
By Caroline Jansen • June 4, 2019 -
J.C. Penney downgraded by Moody's after a rough Q1
Challenges to paying down debt aren't likely to go away as off-price keeps eating share and the department store chain tries to reconnect with customers.
By Ben Unglesbee • June 3, 2019 -
Amazon continues to shrink retail operations
Sellers are once again alarmed at perceived moves to hustle them onto the Marketplace — but that might be good for everyone.
By Daphne Howland • June 3, 2019 -
The RealReal raises $300M in Nasdaq debut, shares skyrocket
Shares rose more than 45% at press time Friday morning, signaling Wall Street's confidence in the resale site's potential.
By Daphne Howland • Updated June 28, 2019 -
Costco again 'rising to the retail challenge'
Numbers are up across the board for the company, and not even tariffs are dampening analysts' enthusiasm for one of the most consistent players in retail.
By Ben Unglesbee • May 31, 2019 -
Expectations for Nordstrom turn negative
S&P Global lowered its outlook for Nordstrom — once seen as immune from department stores' malaise — after missteps in Q1.
By Ben Unglesbee • May 31, 2019 -
Courtesy of Ulta
Ulta goes international with plans for Canada
CEO Mary Dillon said the retailer is starting small in the country, with physical stores and an e-commerce presence, but is prepared to scale quickly.
By Cara Salpini • May 31, 2019 -
Gap Inc. defends Old Navy spin-off after soft Q1
With comps down at the company's usually well-performing discount brand and ongoing missteps at its namesake, analysts worry that a split is ill-advised.
By Daphne Howland • May 31, 2019 -
J. Jill plunges on Q1 sales miss
A cool spring, fewer print catalogs and overly subdued apparel hurt sales, but most of that can be corrected, according to CEO Linda Heasley.
By Daphne Howland • May 31, 2019
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