Financial News: Page 184
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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 Corinne Ruff • Feb. 28, 2019 -
Retrieved from Ebay on February 28, 2019
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 Corinne Ruff • 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 Daphne Howland • Feb. 28, 2019 -
Cara Salpini/Retail Dive
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 Daphne Howland • Feb. 28, 2019 -
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 Corinne Ruff • Feb. 28, 2019 -
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 Corinne Ruff • 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 Daphne Howland • 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 Daphne Howland • Feb. 27, 2019 -
Best Buy's Q4 revenue beats estimates, shares rise
The retailer performed well both in-store and online, with e-commerce representing 21.9% of all revenue.
By Dan O'Shea • Feb. 27, 2019 -
Adore Me eyes sales bump with Belabumbum acquisition
The lingerie startup hopes the nearly 20-year-old maternity intimates and apparel brand will bring category expertise and new customers.
By Corinne Ruff • Feb. 27, 2019 -
Services fuel Office Depot growth
Even the company's retail division is moving away from just selling office supplies.
By Daphne Howland • Feb. 27, 2019 -
'Exceptional' $1.6B charge pushes Lowe's into the red
The home improvement retailer has more to do to catch up to main rival The Home Depot.
By Caroline Jansen • Feb. 27, 2019 -
Walmart unveils plan to reduce plastic packaging waste
The retailer is setting big goals, including one to achieve zero plastic waste, by partnering with suppliers on sustainability efforts.
By Kaarin Moore • Feb. 27, 2019 -
NPR: Walmart's elimination of greeters is impacting workers with disabilities
A pilot program that began two years ago has been transitioning the position into a "customer host" role. That job description now lists many duties not easily performed by some persons with disabilities.
By Corinne Ruff • Feb. 27, 2019 -
HBC will replace department store chief
Alison Coville is stepping down next month, and whoever replaces her must forge new relevance for centuries-old Hudson's Bay Co.
By Daphne Howland • Feb. 27, 2019 -
ThirdLove clasps fresh $55M in funding
The new funding will go toward expanding sizes, styles, product offerings and fit technologies, the company says.
By Corinne Ruff • Feb. 27, 2019 -
Macy's to cut roughly 100 executive jobs
The department store beat expectations, but a cost-saving initiative will slash jobs in favor of investing in the supply chain, inventory management and customer acquisition.
By Corinne Ruff • Feb. 26, 2019 -
Home Depot misses estimates despite 10.9% sales increase
Although the retailer's 53-week fiscal 2018 inflated sales numbers, comp sales, which don't account for the extra week, also indicated strong performance.
By Caroline Jansen • Feb. 26, 2019 -
Foot Locker throws $12M into kids apparel startup
Rockets of Awesome will open shop-in-shops within Kids Foot Locker stores and sell on its website. It's the retailer's second investment in a children's startup this year.
By Cara Salpini • Feb. 26, 2019 -
Etsy welcomes more buyers and sellers
The marketplace is recovering its reputation as a place to find unique items, and sales are exploding.
By Daphne Howland • Feb. 26, 2019 -
Global adaptive apparel market on pace to hit $349.9B
The apparel needs of millions of people worldwide living with a disability, chronic health condition or ongoing medical treatments represent an underserved market.
By Daphne Howland • Feb. 26, 2019 -
Retrieved from Target on February 25, 2019
Target courts 3rd-party sellers with invite-only launch
The mass merchant is reaching out to brands for a curated initiative dubbed Target +, which is "in its earliest stages," the company said Monday.
By Corinne Ruff • Feb. 25, 2019 -
Retrieved from Target on February 25, 2019
Target tries on inclusive lingerie lines
The mass merchant's private label portfolio is adding three brands focused on comfort, price and inclusive sizing.
By Corinne Ruff • Feb. 25, 2019 -
Anthropologie to launch plus sizes
The new line, "APlus," will be sold online and in some stores, as are its petite sizes.
By Daphne Howland • Updated Feb. 26, 2019
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