Financial News: Page 203


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    Retrieved from Walmart on September 21, 2018
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    Walmart expands VR training to every US store

    It's not just fancy tech that has made the retail giant's learning initiatives shine.

    By Riia O'Donnell • Sept. 25, 2018
  • Michael Kors to rebrand after striking $2.12B Versace deal

    The luxury brand and Versace each have something to gain, as long as the company puts in the needed time and money to update the iconic Italian brand.

    By Sept. 25, 2018
  • Sears CEO makes ambitious offer to cut billions in debt

    Eddie Lampert's hedge fund proposed more than $1 billion in asset sales and other maneuvers meant to shore up a major liquidity gap and potentially stave off bankruptcy.

    By Sept. 25, 2018
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    Retrieved from Walmart on September 25, 2018
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    Women in retail among Fortune's 'Most Powerful'

    Eight women, half of them CEOs, are leading a diverse group of retailers, but turnover remains high among female executives at most retail and consumer goods companies.

    By Sept. 25, 2018
  • Patagonia, Walmart, Gap work to get out the vote

    Nearly 140 CEOs, including many retailers and brands, have signed on to "Time to Vote," with the aim of boosting America's relatively low voter turnout.

    By Sept. 25, 2018
  • Walmart sued over claim it discriminated against pregnant workers

    Allegations against the retailer assert pregnant workers were not offered appropriate accommodations — the third time such assertions have been leveled since 2014.

    By Valerie Bolden-Barrett • Sept. 25, 2018
  • Ascena posts first positive comp quarter since 2015

    The company is benefiting from the same economic tailwinds boosting rivals, but most of its brands still face ongoing challenges.

    By Sept. 25, 2018
  • 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 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 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 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 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 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 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 Sept. 21, 2018
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    Fotolia
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    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 Sept. 20, 2018
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    Getty Images
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    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 Sept. 20, 2018
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    Overstock
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    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 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 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 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 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 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 Sept. 19, 2018
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    Zola
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    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 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 Updated Sept. 24, 2018
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    Mayc's
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    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 Sept. 18, 2018