Financial News: Page 197
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Costco's winning streak continues as e-commerce grows
Even as the membership retailer's e-commerce business grows, it doesn't see digital sales overtaking brick and mortar.
By Daphne Howland • Oct. 5, 2018 -
Barnes & Noble pages through strategic options, including a sale
The bookseller noted multiple parties have expressed interest. Some industry experts say going private is the company's best bet to turnaround the business.
By Corinne Ruff • Oct. 4, 2018 -
Birchbox to give Walgreens a beauty facelift
Starting in December and early next year, the beauty subscription brand will launch sales at 11 Walgreens stores in six major markets.
By Daphne Howland • Oct. 4, 2018 -
Barry haynes [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
VF selling Reef beach footwear brand
The company continues to sharpen its focus by ejecting yet another brand from its portfolio.
By Daphne Howland • Oct. 4, 2018 -
Mattress Firm reportedly preparing to file for bankruptcy
The mattress retailer is looking to shed stores and could file as soon as this week, according to a Reuters report.
By Cara Salpini • Oct. 4, 2018 -
How Eloquii fits into Walmart's quest for upscale growth
The women's plus-size apparel business is the latest digitally native brand to join the ranks of Walmart's portfolio. And it offers a slice of a $21 billion market.
By Corinne Ruff • Oct. 3, 2018 -
Toys R Us cancels IP auction, leaving brand property for its backers
The toy retailer said this summer around 115 parties showed interest in its IP — but apparently none of them brought enough cash to the table.
By Ben Unglesbee • Oct. 3, 2018 -
Justice launches entertainment arm
The most successful brand in Ascena Retail Group is taking full advantage of its strong loyalty from young shoppers and their parents.
By Daphne Howland • Oct. 3, 2018 -
J.C. Penney taps former Joann chief as CEO
After a shakeup in executive staff, the department store has turned to merchandising veteran Jill Soltau to lead it out of the doldrums.
By Daphne Howland • Oct. 3, 2018 -
Ross to settle $4.9M lawsuit over 'deceptive' price tags
It's getting harder for off-price retailers to stock big name brands, making "compare to" pricing fraught.
By Daphne Howland • Oct. 3, 2018 -
How big is Amazon's wage increase?
The e-commerce giant has previously been criticized for poor working conditions and low wages, but its hourly pay is now above even Costco's.
By Daphne Howland • Oct. 3, 2018 -
Walmart buys Eloquii for undisclosed amount
The deal is expected to close within the quarter, according to company materials provided to Retail Dive.
By Corinne Ruff • Updated Oct. 2, 2018 -
Amazon to boost minimum wage to $15 an hour for all employees
The announcement impacts all of the company's full-time, part-time, seasonal and temporary employees in the U.S., including those hired by agencies.
By Ryan Golden • Oct. 2, 2018 -
Birkenstock opens first US store in NYC's SoHo
The new store demonstrates the enduring appeal of New York's historic shopping district in particular and of brick-and-mortar locations in general.
By Daphne Howland • Oct. 2, 2018 -
Stitch Fix expands to the UK, faces 'slight hiccup' at home
Shares of the online apparel box service fell more than 20% after earnings fell short of Wall Street's estimates.
By Daphne Howland • Oct. 2, 2018 -
Toys R Us owners announce $20M employee fund
The move follows months of activists' efforts to win severance for the toy retailer's employees let go after Toys R Us liquidated its stores in bankruptcy.
By Ben Unglesbee • Updated Nov. 21, 2018 -
Target private label collection spotlights women leaders
The company's latest partnership features Vital Voices, a non-profit organization that promotes the work of female leaders.
By Corinne Ruff • Oct. 1, 2018 -
Michaels expanding toy assortment
The crafts retailer joins several others in working to fill a void opened by the collapse of Toys R Us.
By Daphne Howland • Oct. 1, 2018 -
Chanel acquires British swim brand Orlebar Brown
The luxury brand, which is in the midst of streamlining operations, is tapping a digital success story to fuel synergies and expansions.
By Daphne Howland • Oct. 1, 2018 -
Deep Dive
The faultlines in retail real estate
The American retail landscape is different now: malls are losing anchors and big boxes are in decline. But e-commerce is hardly the only reason.
By Daphne Howland • Oct. 1, 2018 -
NAFTA negotiators strike a new deal
Retail trade groups are applauding the new agreement, which the U.S., Mexico and Canada are expected to sign in late November.
By Edwin Lopez • Oct. 1, 2018 -
Rite Aid posts $352.3M loss
While the loss of income surprised analysts, the drug store retailer made progress on sales as it tries to find a path alone following two failed mergers.
By Ben Unglesbee • Sept. 28, 2018 -
J.C. Penney hires its 2nd interim CFO in a month
The retailer named Michael Fung as its new temporary finance chief as it grapples with around $4 billion of debt and a cloud of uncertainty.
By Ben Unglesbee • Updated Oct. 30, 2018 -
Nordstrom expanding 'Local' stores
The department store's Local concept, like Bonobos's Guideshops, has transformed the problem of showrooming into an advantage.
By Daphne Howland • Sept. 28, 2018 -
Belk unveils private-label beauty brand
The regional department store joins rivals in working to recapture share in a market that has moved to specialty players.
By Daphne Howland • Sept. 28, 2018