Financial News: Page 201
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Rent the Runway snags $200M in new financing
The money will reportedly go toward expanding the fashion-rental startup's assortment and logistics.
By Daphne Howland • Aug. 3, 2018 -
Brandless snags another $240M in investments
The private-label consumer products retailer will use the money to expand its assortment and its operations.
By Daphne Howland • Aug. 2, 2018 -
Skip the store: Kroger unveils direct-to-consumer grocery marketplace
The company's Ship service will launch in four cities and offer more than 50,000 shelf-stable and bulk products, with free delivery on orders over $35.
By Jeff Wells • Aug. 2, 2018 -
Target to drop Champion activewear line
The retailer is ditching a longstanding brand that is on the rise, and could be working on its own private label.
By Daphne Howland • Aug. 2, 2018 -
Brookstone files for bankruptcy with plans to sell itself
As it seeks a buyer, the retailer of gadgets and novelties plans to shut down its remaining 101 mall stores in Chapter 11 — its second in about four years.
By Ben Unglesbee • Aug. 2, 2018 -
Container Store raises guidance on Q1 sales surprise
The turnaround traction evident in its previous quarter continues apace.
By Daphne Howland • Aug. 1, 2018 -
Deep Dive
10 retailers at risk of bankruptcy: Q2 update
More than half a dozen retailers have filed for bankruptcy in 2018, pointing to more struggles ahead. With data from CreditRiskMonitor, we looked at companies that may be vulnerable.
By Ben Unglesbee • Aug. 1, 2018 -
J. Crew opens NYC men's shop
The new location in Brooklyn's thriving Dumbo neighborhood includes a six-chair barbershop.
By Daphne Howland • Aug. 1, 2018 -
Under Armour VP of global brand management departs
Adrienne Lofton led the brand's latest and largest-ever campaign in terms of global reach and investment, and some reports say she's headed for Nike.
By Erica Sweeney • Aug. 1, 2018 -
Retail execs are getting their best bonuses in years
The fortunes of retail leaders have been buoyed by strong company earnings, but that's being fueled more by tax cuts than by consumer confidence, one analyst warns.
By Daphne Howland • Aug. 1, 2018 -
Furniture seller Heritage Home files for bankruptcy
The furniture maker and retailer faced years of declining sales and cash crunches before filing for Chapter 11 with plans to auction off its pieces.
By Ben Unglesbee • July 31, 2018 -
J.C. Penney staying close to its roots in CEO search
The department store is looking for top exec with apparel merchandising chops and big box experience to lead a turnaround that never seems to end.
By Daphne Howland , Ben Unglesbee • July 31, 2018 -
Ralph Lauren turnaround appears to gain traction in Q1
Analysts warn that, despite improvements, the brand still lacks "on-trend, compelling product" and needs to engage with younger consumers.
By Daphne Howland • July 31, 2018 -
Deep Dive
WeWork goes to WeMRKT
Coworking conglomerate WeWork's latest move expands its community-oriented approach into retail. But why?
By Lara Ewen • July 31, 2018 -
Rent-A-Center focuses turnaround on store closures
Closing stores helped push up comp sales and eliminate costs, but most of the company's turnaround will take place under cover of private ownership.
By Daphne Howland • July 31, 2018 -
Amazon and other uncertainties are driving M&A
Consumer expectations and Amazon's constant innovation are challenging many retailers and driving acquisitions, according to PwC's latest M&A report.
By Daphne Howland • July 30, 2018 -
Deep Dive
With Supervalu acquisition, UNFI gets a company in transition
The combination will create a new wholesaling entity offering a wide variety of products, but both companies have significant challenges to overcome in order to make the deal work.
By Jeff Wells • July 30, 2018 -
Walmart reportedly bringing Sprint to 700 stores
The partnership could signal that the mobile company is better off in Walmart's locations than running its own stores.
By Daphne Howland • July 30, 2018 -
Best Buy's head of US operations set to depart
Shari Ballard, who spent 25 years with the electronics retailer, is credited with helping Best Buy win as rivals collapsed and Amazon gobbled up market share.
By Daphne Howland • July 27, 2018 -
Walmart puts Capital One in its wallet with credit card deal
The deal is meant to accelerate the retail giant's efforts to modernize payments and is a major blow to the business of Synchrony, Walmart's previous credit card partner, The Wall Street Journal reported.
By Dan O'Shea • July 27, 2018 -
GNC turns to private labels for growth amid turnaround
The supplements retailer says its turnaround is making progress despite an uptick in competition in the market.
By Daphne Howland • July 27, 2018 -
RadioShack plans 'express' shops in over 100 HobbyTown stores
A new partnership with the hobby and toy retailer harkens back to the days when RadioShack was the go-to retailer for people building their own computers.
By Daphne Howland • July 27, 2018 -
Amazon posts largest-ever quarterly profit
In the e-commerce giant's second quarter, net sales rose 39% and the company's non-retail ventures were the main drivers.
By Daphne Howland • July 27, 2018 -
UNFI to acquire Supervalu for $2.9B
The move, which follows mounting pressure on the Minnesota-based company, expands UNFI's fresh business and gives it access to new markets.
By Jeff Wells • July 27, 2018 -
Mattel slashes 2,200 jobs as it adjusts to life after Toys R Us
The toy maker's declines were driven by the demise of Toys R Us, but executives said there's more potential to sell through other retailers.
By Daphne Howland • July 26, 2018