Financial News: Page 186
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Walgreens to sell overstock, returns via B2B marketplace
The retailer will partner with liquidation platform B-Stock to rid itself of excess inventory.
By Dan O'Shea • 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 Daphne Howland • 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 Daphne Howland • Dec. 13, 2018 -
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 Corinne Ruff • Dec. 13, 2018 -
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 Daphne Howland • Dec. 13, 2018 -
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 Daphne Howland • 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 Dan O'Shea • Dec. 13, 2018 -
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 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 Cara Salpini • 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 Daphne Howland • 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 -
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