Financial News: Page 203
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Casper turns to Nordstrom in latest pop-up effort
The mattress startup is working with Target and now the department store to expand its reach as it looks to corner the market on sleep.
By Daphne Howland • July 17, 2018 -
Nine West reportedly looking to sell its remaining business
Encouraged by the better-than-expected price tag at auction for its namesake and Bandolino brands, the company is working with Lazard to possibly unload its remaining fashion brands, sources told Reuters.
By Ben Unglesbee • July 17, 2018 -
Gymboree tries for reboot as back-to-school season starts
This time last year found the children's retailer in Chapter 11, driven there by an unsustainable debt load and falling sales.
By Ben Unglesbee • July 16, 2018 -
Nike, Vogue collaborate on limited-edition sneaker line
The first-ever Jordan collaboration for women are stamped with the magazine editor's signature AWOK, which stands for "Anna Wintour Okay."
By Erica Sweeney • July 16, 2018 -
Five Below to open NYC flagship on 5th Avenue
This store will be larger than the discount chain's usual locations, and it's part of the CEO's ambitions to end up with 2,500 locations nationwide.
By Daphne Howland • July 16, 2018 -
June retail sales rise 0.3%, as e-commerce gained 1.3%
But second quarter comp sales are set to disappoint, some analysts say, as apparel and department stores continue to struggle.
By Daphne Howland • July 16, 2018 -
Amazon poised to grab half of online sales in the US
As its more lucrative marketplace continues to dominate, Amazon also faces a backlash as some sellers fail to live up to customer service standards.
By Daphne Howland • July 16, 2018 -
Victoria's Secret extends summer sale — but still gets no lift
The lingerie brand is "broken," according to Jeffries analyst Randal Konik, and that spells serious trouble for owner L Brands.
By Daphne Howland • July 13, 2018 -
Walmart mulls credit card switch
The retailer's credit business is unlikely to carry the level of perks found at other retailers, and a switch could be tricky, as Costco found out two years ago.
By Daphne Howland • July 13, 2018 -
New Nike concept store goes Live in LA
Experiential doesn't mean the same for every brand, concept or customer. That's a lesson the retailer is taking to heart as it iterates on the future of direct-to-consumer stores.
By Corinne Ruff • July 12, 2018 -
CommerceHub taps former J.C. Penney exec as COO
The supply chain network is looking to expand its relationships with retailers and add new products and capabilities.
By Ben Unglesbee • July 12, 2018 -
Walmart says no plans to sell Seiyu supermarket chain
The retail giant has squashed rumors earlier this week that it approached major retailers and private equity funds about selling its Japanese unit.
By Corinne Ruff • Updated July 13, 2018 -
Sears slashes another 200 corporate jobs
The department store retailer has cut about 420 jobs so far this year as it attempts to reduce costs, but Sears acknowledges job cuts could hurt its business.
By Ben Unglesbee • July 12, 2018 -
Abercrombie checks in to sbe hotels
Retail at hotels is nothing new, but many partnerships between retail and the hospitality industry now go well beyond traditional enterprises like lobby gift shops or coffee stands.
By Daphne Howland • July 12, 2018 -
Walmart expanding c-store test
The retail giant aims to make shopping easier with fuel centers located in the parking lots of its massive supercenters.
By Daphne Howland • July 12, 2018 -
Deep Dive
Which retailers spend the most on lobbying?
While Walmart has kept a staid approach in Washington, Amazon's efforts have skyrocketed in recent years.
By Corinne Ruff • July 11, 2018 -
Nordstrom investors balk at 5-year plan
The department store retailer laid out a set of ambitious goals for the next few years to grow sales and invest in digital capabilities.
By Corinne Ruff • July 11, 2018 -
Marvin Ellison shakes up his Lowe's team
The COO and chief customer officer roles have been axed as the newly arrived CEO works to move the retailer out from under The Home Depot's shadow.
By Daphne Howland • July 11, 2018 -
Fabletics will open 75 new stores in big growth push
The brand is holding its own in the booming activewear category, but competition is fierce. An expanded executive team and merchandising upgrades are positioned to help.
By Daphne Howland • July 11, 2018 -
Grocery giant Kroger tries on a new outfit with apparel line
The company hired Joe Mimran, the acclaimed designer and the mind behind Loblaws' Joe Fresh brand, to create a signature clothing brand called Dip.
By Krishna Thakker • July 10, 2018 -
The Fresh Market to shutter 15 stores as part of turnaround plan
The closures across nine states follow the grocer's decision earlier this year to halt growth and focus on existing locations.
By Jeff Wells • July 10, 2018 -
Evine Live fortifies beauty play with Ready to Wear push
The partnership combines the on-fire beauty category and a growing interest in video commerce, and makes Evine an even better acquisition prospect for Amazon.
By Daphne Howland • July 10, 2018 -
Lawmakers want answers in the death of Toys R Us
In a recent letter, Democratic politicians grilled the bankrupt toy retailer's private equity owners about the massive debt load left from their 2005 leveraged buyout of Toys R Us.
By Ben Unglesbee • Updated July 10, 2018 -
Judge tosses lawsuit over L.L. Bean's limited guarantee
The plaintiff argued that changes restricting the retailer's former lifetime guarantee harmed customers who expected to benefit from the policy. The court said he had no case.
By Daphne Howland • July 9, 2018 -
Deep Dive
9 things to watch for on Prime Day 2018
The day has rocketed to the top shopping day of the third quarter, according to some data — and it's not just for Amazon customers anymore.
By Ben Unglesbee • July 9, 2018