Financial News: Page 183
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Stitch Fix active client count rises 22%
Company executive Meredith Dunn is also leaving, and the retailer disappointed Wall Street with smaller active client growth.
By Corinne Ruff • Dec. 11, 2018 -
DSW's new loyalty program stoking sales
The footwear retailer is being underestimated, according to analysts.
By Daphne Howland • Dec. 11, 2018 -
Amazon to charge third-party sellers for safety violations
The new fines are aimed at merchandise sold by third parties but shipped by Amazon after an uptick in safety incidents involving third-party sellers.
By Emma Cosgrove • Dec. 11, 2018 -
WSJ: Under Armour fires 2 execs after internal review
Unnamed sources told the Journal the executives were in CEO Kevin Plank's "inner circle" and spent marketing funds on gifts for athletes and nights out.
By Cara Salpini • Dec. 11, 2018 -
Ascena's Justice brand posts 12% comps rise
But a turnaround planned for the conglomerate's plus-size Lane Bryant retailer could prove difficult in an era of inclusive sizing at mainstream rivals.
By Daphne Howland • Dec. 11, 2018 -
Neiman Marcus countersues Marble Ridge
In a recent lawsuit alleging the "fraudulent transfer" of MyTheresa, the debtholder paints a picture of a retailer teetering on the brink of bankruptcy. Neiman fired back Friday at what it claims are "false statements."
By Corinne Ruff • Updated Dec. 17, 2018 -
Calvin Klein adopts digital-first approach, leaving print ads behind
The brand plans to post more frequently on its social media platforms, work with more micro-influencers and host local activations.
By Erica Sweeney • Dec. 11, 2018 -
Do Shinola hotels have room to grow?
The watch brand enters the hospitality space with a new Detroit hotel opening in 2019.
By Lara Ewen • Dec. 10, 2018 -
Small-format stores and rising rents are reshaping urban retail
The 11 North American cities looked at by commercial real estate firm JLL are hardly typical, but they do serve as barometers, according to a new report.
By Daphne Howland • Dec. 10, 2018 -
"Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
Michaels boosts top line as tariffs loom
But the retailer isn't benefiting much from growing spending on arts and crafts, and operating income took a hit in the third quarter.
By Daphne Howland • Dec. 10, 2018 -
Foot Locker, Skechers among lowest-scoring brands on forced labor
Apparel supply chains are known for being opaque and complex, requiring brands to have insight and visibility into their suppliers' operations.
By Emma Cosgrove • Dec. 7, 2018 -
Walmart debuts tech accessories private label, Motile
The line appears to be a competitive move against Target's tech accessories private label, Heyday, which rolled out this summer.
By Corinne Ruff • Dec. 7, 2018 -
Lululemon expands test for 1st loyalty program
An annual membership for the pilot currently costs $128, though the company noted plans to increase the cost before rolling it out further.
By Caroline Jansen • Dec. 7, 2018 -
CNBC: Untuckit seeks deal topping $600M valuation
The men's shirt company is in growth mode and has tapped Morgan Stanley in its quest for more funding.
By Daphne Howland • Dec. 7, 2018 -
Walmart adds Art.com to stable of digital-first brands
The big-box retailer said it sees wall decor, a $10 billion market, as key to winning the home category.
By Corinne Ruff • Dec. 7, 2018 -
Nine West asks court for $22M amid ongoing lender strife
Objections from lenders have left the footwear and apparel company with a longer bankruptcy timeline and the need for additional financing.
By Daphne Howland • Dec. 7, 2018 -
Ulta slows openings on 'increased confidence' in stores
Since 2012, the beauty retailer has opened over 100 stores per year, but strong performance has led Ulta to pull back on the growth of its footprint.
By Cara Salpini • Dec. 7, 2018 -
Bloomberg: Shopko mulling bankruptcy filing
Efforts to shop itself around are failing to pan out for the private equity-owned rural chain.
By Daphne Howland • Dec. 7, 2018 -
Glossier president and CFO prepares to leave company
The company's long-time president announced he will leave the company to found his own business, following other executives out the door.
By Cara Salpini • Dec. 6, 2018 -
Neiman Marcus sales slowly build as debt refinancing talks reset
Tensions rise as at least one debtholder alleges the company has engaged in "deceptive and misleading conduct" with the transfer of its MyTheresa e-commerce business.
By Corinne Ruff • Dec. 6, 2018 -
The Children's Place shifts to omnichannel, digital to reach millennial moms
The company sees an opportunity to grab market share in kidswear beyond taking advantage of struggling rivals like Gymboree and Sears.
By Daphne Howland • Dec. 6, 2018 -
G-III Apparel Group Q3 growth fueled by wholesale
Its troubled retail sales are "not a secret" and the company is working to close underperforming stores, according to CEO Morris Goldfarb.
By Daphne Howland • Dec. 6, 2018 -
Marquee snaps up Dakine
The surf-bike-ski company is the kind of niche brand consumers are gravitating to, and there's plenty of runway for growth.
By Daphne Howland • Dec. 6, 2018 -
Bloomberg: Sears hires real estate firm to shop stores around
The move could complicate Sears Holdings Chairman Eddie Lampert's $4.6 billion bid to buy the business and keep stores open.
By Corinne Ruff • Updated Dec. 12, 2018 -
Gymboree to shutter Crazy 8 stores amid 'strategic review'
Just over a year after exiting Chapter 11, the children's retailer is re-examining its brick-and-mortar footprint and considering a sale of its brands.
By Cara Salpini • Dec. 5, 2018