Financial News: Page 197
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Pier 1 leans on fulfillment efficiency to revive slipping sales
Initiatives such as a new distribution scheme and warehouse consolidation are part of a broader strategy to address "execution issues" in the company's supply chain, executives said in an earnings call.
By Emma Cosgrove • Oct. 22, 2018 -
Caleres snaps up Vionic for $360M
The latest brand in its growing portfolio adds to the conglomerate's strength in the comfort footwear segment.
By Daphne Howland • Oct. 22, 2018 -
VF sales up 15% with a lot of help from Vans
The company isn't flinching in the face of currency headwinds, trade troubles or the bankruptcy of a major customer, executives said on Friday.
By Daphne Howland • Oct. 19, 2018 -
WeWork, Rent the Runway partner in 6 US cities
The partnership highlights how the coworking company is increasingly moving into retail as well as how the digitally native brand is expanding its brick-and-mortar presence.
By Daphne Howland , Corinne Ruff • Oct. 19, 2018 -
Retrieved from Ebay on June 04, 2015
EBay sues Amazon for poaching its best sellers
"The breadth and scope of Amazon's conduct is startling," eBay attorneys said in a complaint against the e-commerce giant.
By Daphne Howland • Oct. 18, 2018 -
Deep Dive
How company culture keeps RetailMeNot ahead of the curve
As the new director of the retail tech company's diversity and inclusion program, Sharon Brogdon joined an organization that is already "walking the talk," but challenges persist.
By Pamela DeLoatch • Oct. 18, 2018 -
Sally Beauty posts flat comps for the first time in 7 quarters
The retailer also announced an executive shuffle amid a turnaround that seems to be on track.
By Daphne Howland • Oct. 18, 2018 -
Sam's Club expands same-day delivery to over half of stores
The expansion via Instacart will touch at least 100 new stores and 90 new markets by the end of this month.
By Jeff Wells • Oct. 18, 2018 -
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 -
Retrieved from Amazon on September 27, 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 -
Retrieved from Walmart on July 26, 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 -
Retrieved from Walmart on October 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