Financial News: Page 188


  • Dive Awards

    Disruptor of the Year: Katrina Lake, Stitch Fix

    The Stitch Fix founder has merged data science, logistics and fashion intuition, pushing forward an entirely different approach to shopping for clothes that others are mimicking. 

    By Dec. 3, 2018
  • Dive Awards

    Retailer of the Year: Target

    Within a year and a half, Target's aggressive business strategy has catapulted the mass merchant from a turnaround story slowly rebounding from quarterly declines to the top of the retail food chain.

    By Updated Dec. 3, 2018
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    Casper
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    Dive Awards

    Startup of the Year: Casper

    For a 4-year-old company, Casper is more than carrying its weight in the sector, with big plans for brick-and-mortar growth and a fresh approach to mattresses.

    By Dec. 3, 2018
  • Dive Awards

    Executive of the Year: Jeff Gennette, Macy's

    While Macy's is still executing on its turnaround plan, the CEO's vision has so far helped the iconic retailer reimagine its purpose for customers in a new era for department stores. 

    By Dec. 3, 2018
  • CEO of Parcel, Walmart's grocery delivery arm in NYC, departs

    Jesse Kaplan's departure could deal a blow to the retailer's efforts to gain inroads in the Big Apple through its Jet.com business, Bloomberg writes.

    By Jessica Dumont • Nov. 30, 2018
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    Eloquii
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    Eloquii opens SoHo pop-up

    The plus-size brand is no longer an e-commerce pure play, and the expansion is likely benefiting from Eloquii's recent acquisition by Walmart. 

    By Nov. 30, 2018
  • Guess to pay $45M to resolve European antitrust investigation

    The company was fined for maintaining "artificially high retail prices" in Central and Eastern Europe. 

    By Updated Dec. 18, 2018
  • Lululemon investor files lawsuit against former CEO

    Laurent Potdevin was ousted in February following misconduct allegations. The lawsuit claims he fostered a toxic culture that had financial repercussions.

    By Nov. 30, 2018
  • WSJ: J. Crew axes Mercantile brand

    The move halts a recent deal to sell the brand through Amazon and leaves only the company's factory stores to appeal to budget shoppers.

    By Nov. 30, 2018
  • WSJ: Sears talks with liquidators as it tries to sell itself

    While the retailer's chairman, Eddie Lampert, works on a bid to buy Sears in Ch. 11, its advisers are also talking with firms that would sell off its assets. 

    By Nov. 29, 2018
  • H&M to offer part-time employee benefits

    The retailer announced six weeks of paid paternal leave to eligible workers.

    By Kathryn Moody • Nov. 29, 2018
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Family Dollar's rising costs and weakness ail Dollar Tree

    Despite improvements to stores and changes to merchandise, Family Dollar continues to drag down its parent company.

    By Nov. 29, 2018
  • Reuters: Gymboree could close half its stores, file Ch. 22

    The children's apparel retailer emerged from bankruptcy last year with fewer stores and less debt — but the reorganization may not have been enough.

    By Nov. 29, 2018
  • Chico's brand chief out amid sales slide

    A style pivot at the apparel company's flagship label went awry, sending store comps down drastically in the third quarter.

    By Nov. 29, 2018
  • Ralph Lauren exits historic NYC garment district

    The brand joins several others that have abandoned flagship locations as the city's rents rise and fans turn away.

    By Nov. 29, 2018
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    Getty Images
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    Opinion

    The last thing a retailer needs is an activist investor

    The downfall of Sears and J.C. Penney was less related to industry upheaval than it was to active disruption — and Starbucks could be next, writes Bob Phibbs, CEO of The Retail Doctor.

    By Bob Phibbs • Nov. 29, 2018
  • Abercrombie's recovery shows 'positive momentum'

    The retailer, however, has more to do to make shoppers aware of merchandise improvements and bring its U.S. turnaround overseas, analysts say.

    By Nov. 29, 2018
  • Burlington sales up 13.7% as it plans 49 new stores

    The off-price model continues to thrive no matter the economy, and more treasure-filled inventory may be on the way.

    By Nov. 28, 2018
  • GameStop sells mobile business for $700M

    The game and electronics retailer unloaded its Spring Mobile unit to another AT&T dealer as it continues reviewing strategic options.

    By Nov. 28, 2018
  • H&M to shutter Cheap Monday brand

    The Swedish fast-fashion group has been adding new brands lately, but its 14-year-old skinny jeans wholesale business has been struggling for a while.

    By Nov. 28, 2018
  • Dick's protects profits as it thins out assortment

    The sports apparel retailer is also losing share to specialists like Lululemon and mass merchants like Target, analysts say.

    By Nov. 28, 2018
  • Tiffany's turnaround is accelerating

    The storied jeweler has been working to bring up designs and stores to appeal to younger luxury shoppers.

    By Nov. 28, 2018
  • Coming to a city near you: Ikea, new and (maybe) improved

    The furniture retailer is opening 30 small-store concepts in urban areas and refocusing e-commerce and delivery efforts. Will that lure millennials?

    By Nov. 28, 2018
  • Overstock aims to sell retail business by February

    The e-tailer's CEO first disclosed a plan for a sale nearly a year ago, but in a recent interview with The Wall Street Journal he offered up few details regarding what he claims is an imminent deal.

    By Nov. 27, 2018
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    Instacart
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    Instacart slashes delivery and membership fees

    The e-commerce provider now charges $3.99 instead of $5.99 for same-day and next-day orders and has lowered its Instacart Express membership fee from $149 to $99.

    By Jessica Dumont • Nov. 27, 2018