Financial News: Page
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Longtime Neiman Marcus chief merchant to step down
Jim Gold spent nearly three decades at the company, working his way up through a variety of roles.
By Daphne Howland • Jan. 29, 2019 -
Walgreens scoops up 63 Shopko pharmacies at Ch.11 auction
The Midwestern retailer's bankruptcy is furthering the consolidation of the pharmacy business.
By Daphne Howland • Jan. 28, 2019 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
MLB subs Nike for Under Armour
The licensing agreement was originally awarded to Under Armour in 2016.
By Daphne Howland • Jan. 28, 2019 -
Walmart pulls products off Google Express
A company spokesperson did not detail why the products were no longer available on the shopping service, but clarified that Walmart is developing a specific action for the Google Assistant.
By Corinne Ruff • Jan. 28, 2019 -
Deep Dive
A Penney saved?
The discount department store's turnaround task is monumental, but time is short.
By Daphne Howland • Jan. 28, 2019 -
WSJ: Amazon ramps up push for companies to develop exclusive brands for its platform
Creating brands internally reportedly proved too time-intensive and costly for the e-commerce giant.
By Peter Adams • Jan. 25, 2019 -
Unsecured Sears creditors line up litigation
Creditors have filed an objection to ESL Investment's $5.2 billion bid, citing the hedge fund and Eddie Lampert's involvement in Sears' demise.
By Corinne Ruff • Updated Jan. 28, 2019 -
Things Remembered reportedly mulls bankruptcy, store closures
Nearly a decade of private equity ownership and a 2016 restructuring have done little to alleviate the mall retailer's crushing debt.
By Daphne Howland • Jan. 25, 2019 -
Calvin Klein introduces a recycling label
The brand's underwear line will now provide instructions on how to recycle packaging.
By Kaarin Moore • Jan. 25, 2019 -
Puma steps up social justice mission with Meek Mill
The athletics brand will be the exclusive brand partner of REFORM Alliance, an organization backed by Mill, Jay-Z and the CEO of Kraft Group, among others, focused on criminal justice system reforms.
By Corinne Ruff • Jan. 25, 2019 -
Container Store's co-founder steps down
Kip Tindell and his wife, Sharon, who is also leaving, have led the decluttering retailer in the belief that Americans would buy stuff to get organized.
By Daphne Howland • Jan. 25, 2019 -
Walmart raises wages, introduces mentoring for truck drivers
The retailer's new onboarding process suggests truck drivers are changing, and the job needs to change with them.
By Emma Cosgrove • Jan. 24, 2019 -
CPG giants partner on reusable packaging
Dozens of major brands have partnered to launch this ambitious new packaging model in the U.S. and France. TerraCycle and Suez break down how it could change the waste equation in the coming decades.
By Cole Rosengren • Jan. 24, 2019 -
The RealReal reportedly mulls IPO
The upscale resale site, which also now sells through physical locations, has garnered attention from investors and luxury shoppers alike.
By Daphne Howland • Jan. 24, 2019 -
Foot Locker debuts 'power store' in North America
The sportswear retailer is expected to roll out more than a dozen such concept stores by the end of the year.
By Corinne Ruff • Jan. 24, 2019 -
Walmart-owned Eloquii partners with lingerie brand Cosabella
The limited-time collection follows up on other high-profile collaborations with designer Jason Wu and lifestyle brand Draper James.
By Corinne Ruff • Jan. 23, 2019 -
Bankruptcy trustee sues Sun Capital for The Limited's demise
"Sun Capital siphoned whatever value it could from a company that was already struggling for survival, thereby hastening its demise at the expense of unsecured creditors," according to court documents.
By Corinne Ruff • Jan. 23, 2019 -
Court certifies class of 5M Walmart applicants in background check suit
The move comes after Delta, Frito-Lay and Target paid out multimillion-dollar settlements within the past year for similar claims.
By Jennifer Carsen • Jan. 23, 2019 -
Deep Dive
What can US retailers learn from China?
Stores like Alibaba's Hema offer a vision of the future for American grocers, but experts say creating a similarly seamless omnichannel experience isn't easy — and may not be possible.
By Jessica Dumont • Jan. 23, 2019 -
Brandless launches pet and baby categories
The new categories come with higher price points, but CEO Tina Sharkey said 90% of the assortment will remain $3.
By Corinne Ruff • Jan. 23, 2019 -
Lowe's inks multi-year NFL partnership as it kicks off refresh campaign
The retailer signs on as the first official home improvement retail sponsor of the league in a decade as it pushes new creative work and a tagline.
By Peter Adams • Jan. 22, 2019 -
How Neiman Marcus' CIO wants to frame customer experiences
Previously, only businesses interacted with technology, but "now customers have the ability to create their own technology," Sarah Miller said.
By Samantha Schwartz • Jan. 22, 2019 -
David's Bridal emerges from bankruptcy
Within just shy of two months since its filing, the company says it has a "substantially stronger balance sheet and a clear strategy for the future."
By Corinne Ruff • Jan. 22, 2019 -
Express CEO abruptly departs
The retailer may be at risk of following its former L Brands sibling, The Limited, into sales troubles.
By Daphne Howland • Jan. 22, 2019 -
Walmart's Store No. 8 is looking for a CEO to lead new startup
The company, described in a job posting as in "stealth" mode, would join other Walmart-incubated tech startups like Spatialand and JetBlack.
By Corinne Ruff • Jan. 22, 2019
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