Financial News: Page 195
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Tariffs won't drive RH manufacturing out of China, CEO says
The luxury furniture retailer is stoking sales with its services-oriented, hospitality-laced brick-and-mortar strategy.
By Daphne Howland • Dec. 4, 2018 -
Ikea to open 1st Manhattan store
The location is part of the furniture retailer's new sales strategy to reach people in urban areas with smaller living spaces.
By Daphne Howland • Dec. 4, 2018 -
Shopko closing 39 stores
Some say the Wisconsin-based retailer has been challenged by e-commerce, but others point to its private equity ownership.
By Daphne Howland , Kaarin Moore • Updated Dec. 4, 2018 -
Freight costs weigh on Dollar General
The retailer is reiterating its plan to expand and upgrade stores despite rising transportation expenses and costs wrought by recent hurricanes.
By Daphne Howland • Dec. 4, 2018 -
Sears employees push for severance pay
In a letter addressed to the retailer's chairman, dozens of current and former employees urged Eddie Lampert and other creditors to pay severance.
By Corinne Ruff • Dec. 3, 2018 -
J. Jill CFO out amid turnaround
Dave Biese will leave next spring, the retailer said after a quarter demonstrating some traction in its new merchandising and marketing efforts.
By Daphne Howland • Dec. 3, 2018 -
Dive Awards
Turnaround of the Year: Kohl's
After a stretch of declining sales, Kohl's took control of its fate through new brand and product partnerships, a loyalty revamp and moves to become more operationally nimble.
By Ben Unglesbee • Dec. 3, 2018 -
Dive Awards
The Retail Dive Awards for 2018
Whether it's giving an old brand new life or transforming the industry on a larger scale, these top retail executives and companies made an impact on 2018.
By Retail Dive Team • Dec. 3, 2018 -
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 Ben Unglesbee • 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 Corinne Ruff • Updated Dec. 3, 2018 -
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 Cara Salpini • 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 Corinne Ruff • 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 -
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 Daphne Howland • 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 Daphne Howland • 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 Cara Salpini • 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 Daphne Howland • 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 Ben Unglesbee • Nov. 29, 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 to offer part-time employee benefits
The retailer announced six weeks of paid paternal leave to eligible workers.
By Kathryn Moody • Nov. 29, 2018 -
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 Daphne Howland • 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 Ben Unglesbee • 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 Daphne Howland • 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 Daphne Howland • Nov. 29, 2018 -
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 Daphne Howland • Nov. 29, 2018