Financial News: Page 186


  • Walgreens to sell overstock, returns via B2B marketplace

    The retailer will partner with liquidation platform B-Stock to rid itself of excess inventory.

    By Dec. 14, 2018
  • New York sues Walmart, Target over toys containing lead

    The lead levels found in craft kits were high, but the retailers say they removed them from shelves as soon as they were notified two years ago.

    By Dec. 14, 2018
  • L Brands selling La Senza

    The retail company sold off Henri Bendel earlier this year, too, to focus on its larger brands, including faltering Victoria's Secret.

    By Dec. 13, 2018
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    Zola
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    Zola plots NYC pop-up for engagement season

    The location will include 2,000 of the company's most popular wedding registry gifts and products, as well as stations for couples to create wedding websites and 3D print custom cake toppers.

    By Dec. 13, 2018
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    Office Depot to sell and install Google smart home devices

    The office supplies retailer continues to expand its services, especially to small- and medium-sized businesses.

    By Dec. 13, 2018
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    Stadium Goods
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    Farfetch acquires Stadium Goods for $250M

    Stadium Goods' short stint on the luxury marketplace was enough to sell Farfetch Founder José Neves on its long-term potential.

    By Dec. 13, 2018
  • Amazon opens first small-format Go store

    The e-commerce giant has evolved its Go model to include compact stores for office buildings and hospitals.

    By Dec. 13, 2018
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    Instacart
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    Instacart and Whole Foods part ways

    The end of the five-year deal has been expected since Amazon bought the specialty grocer.

    By Jessica Dumont • Dec. 13, 2018
  • Kroger buys pharmacy records from 42 Shopko stores

    The announcement comes on the heels of Shopko's decision to close 39 stores.

    By Jessica Dumont • Dec. 12, 2018
  • REI gear rental program
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    Courtesy of REI
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    REI expands gear rental program with more ahead

    For now, the outdoors retailer has opened up its rental program to include snowshoes, but more locations and products are slated for 2019.

    By Dec. 12, 2018
  • Aerie comps soar 32%

    The lingerie brand could be taking share from segment giant Victoria's Secret, but an inventory pileup at American Eagle could spell trouble, analysts say.

    By Dec. 12, 2018
  • P&G buys disruptive marketer Walker & Company

    The startup, which owns grooming brands Bevel and Form, looks to tap into the CPG giant's resources, while P&G can expand its multicultural offerings.

    By Peter Adams • Dec. 12, 2018
  • The arms of a person wearing a striped shirt can be seen taking an envelope out of a box filled with clothes.
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    Courtesy of Stitch Fix
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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 Dec. 11, 2018
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    DSW's new loyalty program stoking sales

    The footwear retailer is being underestimated, according to analysts.

    By 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 Dec. 11, 2018
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    "Justice" by Corey Coyle is licensed under CC BY 3.0
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    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 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 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
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    Robb McCormick Photography
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    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
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    Marcin Kempa via Unsplash
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    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 Dec. 10, 2018
  • 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 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
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    Walmart
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    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 Dec. 7, 2018
  • Lululemon storefront in New York
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    Cara Salpini/Retail Dive
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    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 Dec. 7, 2018