Financial News: Page 195
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Fourpost 'microstores' to curate e-commerce brands at Mall of America
The latest effort to bring e-commerce pure-plays to malls was founded by a family member of Mall of America owner Triple Five Group.
By Daphne Howland • Oct. 18, 2018 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M invests $13M in AI-driven menswear startup Thread
Thread adds to the fast-fashion company's portfolio with its AI technology and team of stylists that create online product recommendations for men.
By Dan Alaimo • Oct. 17, 2018 -
Pinterest pushes into mobile shopping with updated Pins, iOS shortcuts
Revamped shopping features boosted clicks on products to retail sites by 40% last quarter.
By Robert Williams • Oct. 17, 2018 -
David's Bridal misses debt payment, setting stage for restructuring
S&P analysts downgraded the wedding apparel retailer's credit rating to default levels as a possible bankruptcy or out-of-court debt restructuring looms.
By Ben Unglesbee • Updated Oct. 17, 2018 -
Barneys rebrands, expands home and kids offering
The upscale department store's home and kids decor section is now "Barneys Home and Kids."
By Daphne Howland • Oct. 17, 2018 -
Nine West files revised Ch. 11 plan with most creditors on board
The filing follows a move by some creditors to sue Nine West's owner, Sycamore Partners, over the leveraged buyout of the retailer five years ago that they say led to its bankruptcy.
By Ben Unglesbee • Updated Oct. 18, 2018 -
Amazon store count tops 600
It's not many stores for a retail giant, but it's enough to say that Amazon is not just an e-commerce player anymore.
By Daphne Howland • Oct. 17, 2018 -
Doug McMillon: 'I want to challenge your thinking of Walmart'
During an investor meeting Tuesday, executives talked up competitive acquisitions, innovation and investments to "empower" store associates.
By Corinne Ruff • Oct. 17, 2018 -
Deep Dive
A timeline of J. Crew's rise and fall
A pandemic was the catalyst for the retailer's Chapter 11 filing. But the company has been on a precarious ledge for years.
By Kaarin Moore • Updated May 7, 2020 -
Sears gets OK to tap $300M bankruptcy loan
Court approvals of the retailer's initial bankruptcy motions allow it to keep operating as Sears tries to repair its damaged supply chain and remind customers it's open for business.
By Ben Unglesbee • Oct. 16, 2018 -
Just how much upside is there for J.C. Penney in Sears' bankruptcy?
With the bankruptcy of one of its biggest competitors, there is both upside and risk as J.C. Penney's own turnaround slogs on and new leadership takes over.
By Ben Unglesbee • Oct. 16, 2018 -
Claire's exits Chapter 11 in time for the holidays
The company's restructuring didn't apply overseas, but Claire's said there aren't plans for major U.K. store closures despite reports to the contrary.
By Daphne Howland • Oct. 16, 2018 -
Sears filed for Chapter 11 with plans to close 142 stores — now what?
As part of the retailer's plan to reorganize, CEO Eddie Lampert is stepping down as chief executive — at the same time his hedge fund is mulling a bid for Sears in Chapter 11.
By Ben Unglesbee • Oct. 15, 2018 -
Report: Walmart could overtake Amazon in online grocery this year
Walmart's rapid pickup and delivery expansion could give it the edge, while both companies are poised to steal significant market share from competitors in the years ahead, notes Deutsche Bank analyst Paul Trussell.
By Jeff Wells • Oct. 15, 2018 -
Ross opens 40 more stores
The off-price retailer may be done with ribbon-cutting for the fiscal year, but its expansion plans aren't nearly complete.
By Daphne Howland • Oct. 15, 2018 -
Walmart clasps category expertise with Bare Necessities buy
The deal comes weeks after the big-box retailer reportedly shelled out $100 million for plus brand Eloquii.
By Corinne Ruff • Oct. 15, 2018 -
Stitch Fix hit with flurry of lawsuits over growth claims
At issue are investor allegations the styling service made misleading claims about customer growth and retention and advertising plans.
By Daphne Howland • Oct. 15, 2018 -
Kit & Ace churns out first profits under new ownership
The niche apparel company has teetered since its swift expansion two years ago. But a new focus on bike commuters has a promising start.
By Daphne Howland • Oct. 15, 2018 -
Allbirds rakes in $50M to fuel store expansion
The digitally native brand just opened its first New York City flagship last month, but it's already plotting stores around the globe.
By Corinne Ruff • Oct. 12, 2018 -
Amazon to give additional pay bumps to make up for slashed bonuses
The pay bumps will only apply to some workers, but Amazon maintains that all employees "will see an increase in their total compensation as a result of this announcement."
By Valerie Bolden-Barrett • Oct. 12, 2018 -
Is Barnes & Noble's new concept store the answer to its woes?
The 17,400 square-foot-store "will combine the best of what we’ve learned from our other new stores," according to Carl Hauch, vice president of stores.
By Corinne Ruff • Oct. 12, 2018 -
New York Post: Buzzfeed opening toy store in time for the holidays
The plans, if true, reflect both the opportunity left by the demise of Toys R Us and the appeal of New York City for brick-and-mortar retail.
By Daphne Howland • Oct. 12, 2018 -
Shopify opens brick-and-mortar space for entrepreneurs in LA
The permanent location features opportunities for support from staff and networking with fellow business leaders.
By Daphne Howland • Oct. 12, 2018 -
Sears reportedly nearing bankruptcy deal to keep operating through holidays
A plan under negotiation now would allow the retailer to keep "some" stores open after a Chapter 11 filing — expect by Monday — while the company seeks a buyer, according to reports.
By Ben Unglesbee • Updated Oct. 12, 2018 -
Deciem founder Brandon Truaxe ousted from company
The cult beauty brand shuttered most of its stores this week after unsettling remarks from founder Brandon Truaxe in videos and social media posts grabbed attention and headlines.
By Daphne Howland • Updated Oct. 12, 2018