Financial News: Page 201
-
Neiman Marcus lender threatens legal action over MyTheresa move
An investment firm previously blasted the luxury department store chain for transferring its MyTheresa e-commerce business to an entity owned by Neiman's private equity owners.
By Ben Unglesbee • Updated Sept. 26, 2018 -
Michael Kors reportedly poised to snap up Versace for $2.35B
The luxury brand, which acquired Jimmy Choo last year, is reshaping itself as a fashion conglomerate along the lines of Tapestry and LVMH.
By Daphne Howland • Sept. 24, 2018 -
Retailers warn of price hikes as China tariffs take hold
Companies won't face the worst of the new policy until after the holidays, but prices are likely to rise and margins will be squeezed, and that could worsen as tariffs rise again next year.
By Daphne Howland • Sept. 24, 2018 -
Pier 1 expected a bad Q2 — and got a worse one
As it strives for a turnaround, the home furnishings retailer disclosed ugly early results for the quarter, with comparable sales and losses falling well below previous guidance.
By Ben Unglesbee • Updated Oct. 4, 2018 -
Neighborhood Goods to open first physical store in November
The startup is tying itself to the century-old department store model even as it seeks to revolutionize it.
By Daphne Howland • Sept. 21, 2018 -
Gap Inc. to debut men's athleisure brand
The launch of Hill City is yet another challenge to Lululemon, likely building on the success of the company's Athleta brand.
By Daphne Howland • Sept. 21, 2018 -
Under Armour to slash global workforce by 3%
The brand is cutting roughly 400 positions as part of a restructuring effort, while rivals Nike and Adidas are on the rise.
By Daphne Howland • Sept. 21, 2018 -
Retailers decry proposed swipe fee settlement
A $6.2 billion settlement over a long-standing antitrust lawsuit that merchants brought against Visa and Mastercard awaits court approval — but retailers say it won't fix the problem.
By Corinne Ruff • Sept. 20, 2018 -
Amazon's use of seller data subject of EU competition probe
EU Competition Commissioner Margrethe Vestager is looking into whether the e-commerce giant uses transaction data collected from sellers on its third-party platform to squelch competition.
By Ben Unglesbee • Sept. 20, 2018 -
Overstock launches lease-to-own service
CEO Patrick Byrne touted the new service as just another payment option, like bitcoin or Paypal, but rent-to-own leases have been criticized as anti-consumer.
By Daphne Howland • Sept. 20, 2018 -
Why an obscure tech firm plans to resurrect Bon-Ton
CSC Generation bought the bankrupt retailer's IP for $900,000 thinking it could run a profitable operation. That's plenty ambitious in its own right, but the firm's plans only get bigger from there.
By Ben Unglesbee • Sept. 20, 2018 -
Rent-A-Center shareholders approve Vintage Capital merger
The overwhelming yes vote comes after the Federal Trade Commission filed a "second request" over antitrust concerns.
By Daphne Howland • Sept. 20, 2018 -
4 Walmart execs to join e-commerce acquisition Flipkart
India is the hottest country in retail and Walmart doesn't want to be left behind. It is installing new leaders months after it bought the e-commerce marketplace.
By Dan Alaimo • Sept. 19, 2018 -
Bonobos founder hands off CEO role
Andy Dunn, who is still SVP of digital consumer brands at Walmart, will now assume the role of "voice for the customer" and guide at the brand he built.
By Corinne Ruff • Sept. 19, 2018 -
Banana Republic unveils Kevin Love capsule collection
The limited-edition collection is boosted by an online advertising campaign, further evidence that Gap Inc. hasn't given up on Banana Republic.
By Daphne Howland • Sept. 19, 2018 -
Zola registers Crate & Barrel collection
Ahead of engagement season — not to mention the holidays — the wedding registry business will add 3,500 Crate & Barrel products to its assortment.
By Corinne Ruff • Sept. 19, 2018 -
Claire's looks to exit Chapter 11 in October
On Friday, a federal bankruptcy court approved the teen retailer's reorganization plan — which would lift about $1.9 billion in debt from its books — following a contentious legal fight.
By Ben Unglesbee • Updated Sept. 24, 2018 -
The Market @ Macy's debuts ahead of the holidays
The department store retailer is also rolling out VR experiences in the furniture department and AR ones in beauty, CEO Jeff Gennette said at Code Commerce Monday.
By Corinne Ruff • Sept. 18, 2018 -
Instagram expands shopping features to boost brands' direct sales
Two new features in Stories and Explore could help to close the sales loop for the more than 90 million users that tap shoppable posts for more product information.
By Robert Williams • Sept. 18, 2018 -
Neiman Marcus ends fiscal year with some breathing room
The upscale department store trimmed its losses significantly, which bodes well as it enters a new fiscal year where it begins to tackle its massive debt.
By Daphne Howland • Sept. 18, 2018 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples buys workplace vendor Essendant for $996M
Like rival Office Depot, Staples is fortifying its ability to cater to business customers through acquisitions.
By Daphne Howland • Updated Feb. 1, 2019 -
Amazon investigating employees for data bribery
The e-tailer has a record of protecting transparency in its reviews, and a high level of consumer trust, but employees in China are reportedly selling data to third-party sellers.
By Daphne Howland • Sept. 18, 2018 -
Crate & Barrel plots restaurant at Chicago store
Popular Korean barbecue chef Bill Kim will helm the kitchen at Crate & Barrel's first restaurant, slated to open next spring.
By Daphne Howland • Sept. 18, 2018 -
Deep Dive
One year later: Toys R Us' fatal journey through Chapter 11
On the anniversary of the toy seller's disastrous bankruptcy, here is a look back at all the twists and turns in one of the largest and most dramatic Chapter 11s in retail history.
By Ben Unglesbee • Sept. 18, 2018 -
Why L Brands is giving up on Henri Bendel
With the company struggling amid the downturn at its flagship Victoria's Secret banner, the iconic fashion label had to go. But did it ever have a chance?
By Daphne Howland • Sept. 17, 2018