Financial News: Page 192
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Sears' past deals with ex-CEO come under fire in Ch. 11
A group of creditors said in court papers that past transactions raise the possibility that Eddie Lampert and other insiders may have worked to "siphon value away" from Sears.
By Ben Unglesbee • Updated Nov. 7, 2018 -
WHSmith reportedly tried to buy Barnes & Noble. Why?
Unnamed sources told The Wall Street Journal the British book and travel chain was the mysterious bidder who ultimately walked away.
By Corinne Ruff • Nov. 7, 2018 -
Nordstrom taps cloud platform to streamline wholesale buying
The retailer's partnership with NuOrder aims to improve the wholesale and assortment selection process.
By Dan O'Shea • Nov. 7, 2018 -
Ralph Lauren posts 'anemic' Q2 results
The iconic American brand is celebrating its 50th anniversary, but despite improvements, there are no fireworks, analysts say.
By Daphne Howland • Nov. 7, 2018 -
Office Depot grows despite declines in IT unit
The retailer is moving to boost profitability at CompuCom, the IT acquisition it made a year ago.
By Daphne Howland • Nov. 7, 2018 -
Deep Dive
8 retailers that could go bankrupt in the next year
With Sears Holdings and Mattress Firm filing Chapter 11 this fall, Retail Dive looked at other retailers that have debt, cash and competitive issues, and may be vulnerable.
By Ben Unglesbee , Cara Salpini • Nov. 7, 2018 -
CVS retail sales move into the black
The drugstore eked out a comp increase in its front-of-store retail operations for the quarter, thanks mostly to its beauty category.
By Daphne Howland • Nov. 6, 2018 -
David's Bridal prepares for possible Ch. 11 as creditor talks continue
The wedding apparel retailer is working on a potential bankruptcy filing while it tries to forge an out-of-court deal with creditors.
By Ben Unglesbee • Updated Nov. 9, 2018 -
7-Eleven pilots mobile checkout to let customers skip the line
The convenience chain aims to make shopping even easier with features powered by tech, including geofencing, QR codes and mobile payments.
By Robert Williams • Nov. 6, 2018 -
Destination Maternity to close 117 stores amid turnaround
The retailer is facing challenges in the space as it works to catch up in e-commerce and right-size its fleet.
By Daphne Howland • Nov. 6, 2018 -
Reports: Amazon to split HQ2 between NYC, Northern Virginia
Just days after word spread that three cities were in "late-stage" talks to win the much-anticipated HQ2, this latest news has sent shockwaves.
By Chris Teale • Nov. 6, 2018 -
Glossier to transform NYC showroom into 1st flagship
The startup beauty brand is planning to open "two shoppable floors" in SoHo this week, following in the footsteps of other digitally native brands.
By Cara Salpini • Nov. 6, 2018 -
Amazon adds Prime Business members to new delivery option
The service allows shoppers to specify a day for packages to be delivered, which the e-commerce giant says is more convenient and sustainable —but could also help slash its shipping costs.
By Daphne Howland • Updated March 19, 2019 -
Walmart drops $800M lawsuit against Synchrony Financial
While Walmart cut ties with the financial services company this summer, its Sam's Club unit is set to expand a partnership for store-branded credit cards.
By Corinne Ruff • Updated Jan. 24, 2019 -
Kroger partners with the remnant of Toys R Us
The grocery chain plans to bring a pop-up dubbed Geoffrey's Toy Box — consisting of exclusive toy brands and forged from the intellectual property of Toys R Us — to 600 stores.
By Daphne Howland • Nov. 5, 2018 -
Walmart, Microsoft building 'cloud factory' in Austin
The two corporate giants are taking the next step in a long-term partnership, bringing together tech talent from both firms under Walmart's roof.
By Dan O'Shea • Nov. 5, 2018 -
Lowe's to shutter 51 stores in North America
Plans include closing 20 U.S. stores, some immediately, and reflect new CEO Marvin Ellison's take-charge approach.
By Daphne Howland • Nov. 5, 2018 -
Sears lands $60M bid for home services unit
Online contractor marketplace Service.com is looking to buy one of Sears' most valuable remaining assets, just months after Eddie Lampert eyed it.
By Ben Unglesbee • Nov. 5, 2018 -
Modcloth to shutter its site on Election Day
Like REI's Black Friday shut-down, Modcloth closing down its website and shops could resonate with its key customers.
By Daphne Howland • Nov. 5, 2018 -
Kohl's sweetening its popular 'Kohl's Cash' for the holidays
The department store is making it easier to shop using its app and is leveraging stores for e-commerce fulfillment.
By Daphne Howland • Nov. 5, 2018 -
Deep Dive
7 retailers that made pivotal deals in 2018
Walmart made its largest deal ever — abroad — Amazon made moves in pharma and Macy's absorbed popular store concept creator Story. Here are the deals that have defined the year.
By Corinne Ruff , Ben Unglesbee , Cara Salpini , Kaarin Moore • Nov. 5, 2018 -
Lowe's fills vacant CIO role with retail tech veteran
Seemantini Godbole fills the CIO role after the home improvement company quietly announced its vacancy in its Q2 FY18 earnings call.
By Samantha Schwartz • Nov. 5, 2018 -
Target unwraps new direction for holiday ads and expands in-store mobile
Employees will use handheld devices to scan items and accept payments so customers can skip the line.
By Erica Sweeney • Nov. 5, 2018 -
Tariffs threaten The Container Store's turnaround
The retailer says it is working to mitigate the impact of new tariffs on Chinese goods, which made up 37% of its products last year.
By Daphne Howland • Nov. 2, 2018 -
Macy's chief merchandiser to depart
Jeff Kantor's retirement is just the latest executive exit from the iconic department store.
By Daphne Howland • Nov. 2, 2018