Financial News: Page 188
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Retrieved from Nike on January 09, 2019
Nike stretches into Lululemon's space with 1st yoga line
Promoted by a host of professional athletes, Nike is pitching its first yoga-specific line as a compliment to other workouts.
By Cara Salpini • Jan. 10, 2019 -
West Elm launches private label bath collection
The retailer expands beyond home furnishings with this new line, which features bath towels, shower curtains and beauty items like bath bombs.
By Caroline Jansen • Jan. 10, 2019 -
Retrieved from Target on January 09, 2019
Target lights up Project 62 with Leanne Ford collection
The co-host of the HGTV show "Restored by the Fords" is releasing a 30-piece, limited-time collection next month.
By Corinne Ruff • Jan. 10, 2019 -
Neiman Marcus to pay $1.5M settlement over 2013 data breach
Over a three-month period, roughly 370,000 company credit cards used at 77 stores nationwide were accessed by an unknown third party.
By Corinne Ruff • Jan. 9, 2019 -
J.C. Penney to close 3 stores
Despite high-spending shoppers, the holidays this year weren't much of a boon for the struggling department store as comp sales fell during the period.
By Daphne Howland • Jan. 9, 2019 -
Sears to consider revised ESL bid
In a bankruptcy court hearing Tuesday, the retailer said it will consider a revised bid, which is expected to be filed Wednesday with a $120 million deposit.
By Corinne Ruff • Jan. 9, 2019 -
Sephora Americas names head of Benefit Cosmetics new CEO
Jean-André Rougeot has led Benefit Cosmetics, another LVMH-owned brand, for 12 years, and replaces Calvin McDonald, who left for Lululemon in August.
By Cara Salpini • Jan. 9, 2019 -
Retrieved from Kroger on January 08, 2019
Can Kroger make money selling tech to other retailers?
The grocer is partnering with Microsoft to develop digital shelves, inventory management programs and other systems it will roll out to its own stores and offer to others.
By Krishna Thakker • Jan. 8, 2019 -
Former CEO wants to buy back Beauty Brands in Ch. 11
Absolute Beauty's bid, for $4.65 million, would keep 23 stores open and is one of the preferred choices by the retailer's unsecured creditors.
By Cara Salpini • Updated Jan. 18, 2019 -
Chanel advances luxury watch operations with Kenissi investment
The fashion house is solidifying its timepiece operations at a time when some analysts say luxury sales could weather retail turbulence.
By Daphne Howland • Jan. 8, 2019 -
Nest Bedding to launch Amazon-exclusive mattress
The direct-to-consumer bedding and mattress brand ended 2018 at $28 million and hopes to expand on that growth in the year ahead.
By Caroline Jansen • Jan. 8, 2019 -
Chico's Soma brand debuts tech-enabled fit bra
Fit is a big conundrum when buying bras, and several brands have turned to tech to help the process.
By Daphne Howland • Jan. 8, 2019 -
WSJ: Charlotte Russe mulls sale, bankruptcy
The mall retailer, which has struggled to regain its financial footing, has reportedly hired Guggenheim Securities to explore strategic alternatives.
By Corinne Ruff • Jan. 7, 2019 -
Starboard urges Dollar Tree to unload Family Dollar
Family Dollar has been a drag on its parent since its 2015 acquisition, but a sale may mostly benefit investors, analysts say.
By Daphne Howland • Jan. 7, 2019 -
Sears Holdings reportedly preps for liquidation
The retailer has rejected Eddie Lampert's bid and is expected to ask a bankruptcy judge Tuesday if it can proceed with liquidation plans, sources told Reuters and CNBC.
By Corinne Ruff • Updated Jan. 8, 2019 -
Mall vacancies and rents stabilize in Q4
Slowing new development, non-retail tenants and major changes retailers are making are all helping landlords, according to real estate research firm Reis.
By Daphne Howland • Jan. 7, 2019 -
Rite Aid faces NYSE delisting
The drugstore retailer is in a tough spot after two merger plans failed, and the prospect of delisting its common stock is the least of its problems.
By Daphne Howland • Jan. 7, 2019 -
Former Toys R Us employees receive hardship fund checks
Nearly 20,000 former employees received letters that allow them to apply for severance pay from a $20 million fund created by former private equity owners.
By Corinne Ruff • Jan. 4, 2019 -
Toys R Us Asia to open 60 stores in 2019
Most stores are slated for China, the biggest growth market for the retailer, which has quickly faded from the U.S. market since its liquidation.
By Corinne Ruff • Jan. 4, 2019 -
FullBeauty expects to file Chapter 11
The plus-size apparel retailer plans to go through a restructuring process in the coming weeks to slash debt by $900 million.
By Kaarin Moore • Jan. 4, 2019 -
Apple's revenue miss threatens Best Buy
The electronics retailer is also at risk of losing market share as Apple expands its relationships with other retailers, UBS analyst Michael Lasser says.
By Daphne Howland • Jan. 4, 2019 -
Foot Locker passes $3M investment to kids' shoe startup
Super Heroic, a children's footwear retailer, has now raised $10 million since its founding in 2016, and plans to start selling in Kids Foot Locker stores.
By Cara Salpini • Jan. 4, 2019 -
Marble Ridge files anti-SLAPP motion against Neiman Marcus
Things are heating up between the luxury retailer and its lenders, which aren't happy with the transfer of its MyTheresa e-commerce business last year.
By Corinne Ruff • Jan. 3, 2019 -
Lampert's plan A and B for Sears
An affiliate of the Sears Chairman's hedge fund on Wednesday filed an alternative bid that would keep open just 250 stores.
By Corinne Ruff • Jan. 3, 2019 -
Blake Nordstrom dies unexpectedly at 58
The co-president of Nordstrom, the department store founded by his great-grandfather, had worked at the family business since he was a teenager.
By Daphne Howland • Jan. 3, 2019