Financial News: Page 187
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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 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 -
HBC CEO: Tech and marketing efforts 'are starting to pay off'
The company closed the deal to unload its European operations and now has the bandwidth to focus on North America, executives said.
By Daphne Howland • Dec. 5, 2018 -
Walmart has a fleet of floor-scrubber robots
The tech is just one efficiency advance among many the big-box retailer is exploring.
By Daphne Howland • Dec. 5, 2018 -
Kroger to sell groceries at Walgreens stores
The supermarket chain will test Kroger Express outlets inside 13 drug stores.
By Jeff Wells • Dec. 4, 2018 -
Quip brushes up $40M following Target launch
After appearing in the big-box retailer's stores this fall, the digitally native oral care brand raised more funding to support product and service launches.
By Corinne Ruff • Dec. 4, 2018 -
Tariffs won't drive RH manufacturing out of China, CEO says
The luxury furniture retailer is stoking sales with its services-oriented, hospitality-laced brick-and-mortar strategy.
By Daphne Howland • Dec. 4, 2018 -
Ikea to open 1st Manhattan store
The location is part of the furniture retailer's new sales strategy to reach people in urban areas with smaller living spaces.
By Daphne Howland • Dec. 4, 2018 -
Shopko closing 39 stores
Some say the Wisconsin-based retailer has been challenged by e-commerce, but others point to its private equity ownership.
By Daphne Howland , Kaarin Moore • Updated Dec. 4, 2018 -
Freight costs weigh on Dollar General
The retailer is reiterating its plan to expand and upgrade stores despite rising transportation expenses and costs wrought by recent hurricanes.
By Daphne Howland • Dec. 4, 2018 -
Sears employees push for severance pay
In a letter addressed to the retailer's chairman, dozens of current and former employees urged Eddie Lampert and other creditors to pay severance.
By Corinne Ruff • Dec. 3, 2018 -
J. Jill CFO out amid turnaround
Dave Biese will leave next spring, the retailer said after a quarter demonstrating some traction in its new merchandising and marketing efforts.
By Daphne Howland • Dec. 3, 2018 -
Dive Awards
Turnaround of the Year: Kohl's
After a stretch of declining sales, Kohl's took control of its fate through new brand and product partnerships, a loyalty revamp and moves to become more operationally nimble.
By Ben Unglesbee • Dec. 3, 2018 -
Dive Awards
The Retail Dive Awards for 2018
Whether it's giving an old brand new life or transforming the industry on a larger scale, these top retail executives and companies made an impact on 2018.
By Retail Dive Team • Dec. 3, 2018