Financial News: Page 187
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Inside Nike's new House of Innovation flagship
From customizable sneakers and apparel to a localized Speedshop for New York customers, the flagship does just about everything — including mobile.
By Cara Salpini • Nov. 15, 2018 -
Walmart e-commerce sales soar 43%
Thanks to its brick-and-mortar fleet, grocery sales and e-commerce innovations, Walmart is getting stronger in its battle with Amazon.
By Daphne Howland • Nov. 15, 2018 -
Sam's Club hit with timekeeping suit
The suit alleges improper overtime payments and seeks collective status with a proposed class of all full-time hourly Sam's Club workers.
By Lisa Burden • Nov. 15, 2018 -
Victoria's Secret CEO reportedly stepping down
Former Spanx CEO Jan Singer took over from longtime brand chief Sharen Turney a little over two years ago.
By Daphne Howland • Nov. 15, 2018 -
Walmart announces predictive scheduling for all US stores
Employees can work a set schedule for months at a time, or opt for more flexibility — with all scheduling administered through an app.
By Valerie Bolden-Barrett • Nov. 14, 2018 -
A fight is brewing over Sears' survival in bankruptcy
Unsecured creditors and the hedge fund run by the company's chairman are already battling in court over the retailer's plan to sell its remaining stores in Chapter 11.
By Ben Unglesbee • Nov. 14, 2018 -
Macy's posts 4th straight quarter of comps growth
According to GlobalData Retail, the number of people planning to visit the retailer for the holidays has risen for the first time in more than eight years.
By Daphne Howland • Nov. 14, 2018 -
Lord & Taylor settles state racial discrimination claims
The retailer's settlement with the Massachusetts attorney general highlights a common lack of explicit policies that prevent retail employees from treating customers unfairly based on race.
By Daphne Howland • Updated Nov. 19, 2018 -
Amazon to build supply chain hub in Nashville
The tech giant said it would build an Operations Center of Excellence in the Tennessee capital, in addition to new headquarters in New York City and Northern Virginia.
By Edwin Lopez • Nov. 14, 2018 -
Amazon confirms NYC, Northern Virginia as HQ2 locations
The company also announced a new Operations Center of Excellence in Nashville, Tennessee.
By Kristin Musulin , Chris Teale • Nov. 13, 2018 -
Flipkart CEO resigns over allegations
Co-founder Binny Bansal stayed on to oversee operations after Walmart acquired the Indian e-tailer, but unspecified misconduct allegations have forced him out.
By Daphne Howland • Nov. 13, 2018 -
Sports retailers struggle with systemic culture problems
Allegations against several companies — including Nike, Under Armour and Adidas — raise questions about the root causes of a spate of recent claims.
By Cara Salpini • Nov. 13, 2018 -
The Home Depot shrugs off housing slump
The home improvement retailer is steadily distancing itself from rivals as the choice among consumers and professionals alike.
By Daphne Howland • Nov. 13, 2018 -
Coty names new CEO amid downgrade
Pierre Laubies has challenges ahead, as the company is struggling to integrate its newly acquired P&G beauty business and is beset by ongoing supply chain issues.
By Daphne Howland • Nov. 13, 2018 -
Ulta makes 2 tech acquisitions to push digital focus
The beauty retailer has grabbed market share from department stores and drugstores, but may be seeing the limits of its brick-and-mortar expansion.
By Daphne Howland • Nov. 12, 2018 -
Walmart to open an in-store AI lab
The retailer is exploring how artificial intelligence can be used for both store associate and customer-facing applications.
By Dan O'Shea • Nov. 12, 2018 -
Bebe venture grabs fashion brand Charles Vögele
The women's retail brand has focused its operations in Europe, where its partnership with Bluestar Alliance has kept sales healthy.
By Daphne Howland • Nov. 12, 2018 -
Gap chooses Microsoft's cloud, as retailers avoid AWS
The retailer wants to use Azure for e-commerce operations and shy away from Amazon Web Services.
By Samantha Schwartz • Nov. 12, 2018 -
Deep Dive
Retail and private equity: An in-depth look at the risky relationship
To explore the impact 15 years of leveraged buyouts has had on the industry, Retail Dive compiled data on acquisitions and outcomes from multiple sources. Here's what we found.
By Ben Unglesbee • Nov. 9, 2018 -
Deep Dive
Is the road to bankruptcy paved by private equity?
Retail Dive analysis found that more than 15% of retailers acquired by private equity firms over the past 15 years have filed for Chapter 11, including major names like Toys R Us and Sports Authority.
By Ben Unglesbee , Nicole Ault • Nov. 9, 2018 -
Deep Dive
Overloaded: Dozens of retailers burdened with buyout debt are still at risk
Saddled with loans and bonds that funded their acquisitions, virtually no private equity-owned company has a credit rating to write home about.
By Ben Unglesbee • Nov. 9, 2018 -
Deep Dive
The 'explosion': When private equity money came for retail
Over the past 20 years, leveraged buyouts in the industry have come in two big waves as Wall Street investors sought higher returns and took advantage of cheap debt.
By Ben Unglesbee • Nov. 9, 2018 -
Deep Dive
Meet retail's hungriest private equity acquirers
A handful of investment firms bought up dozens of companies, building retail expertise and leaving a not-insignificant trail of bankruptcies in their wake.
By Ben Unglesbee , Nicole Ault • Nov. 9, 2018 -
Deep Dive
Retail's largest private equity buyouts and how they've panned out
The largest acquisitions include some household names — PetSmart, Dollar General, Staples and Toys R Us among them. Some were successfully resold. Others have struggled or gone bust.
By Ben Unglesbee • Nov. 9, 2018 -
Sears closing another 40 stores in bankruptcy
The ailing department store keeps shrinking as it looks to divest its assets and work toward some sort of sustainable form in Chapter 11.
By Ben Unglesbee • Nov. 9, 2018