Financial News: Page 207
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Gap taps Billabong exec for flagship brand
Neil Fiske has 20 years of brand-building and turnaround experience in specialty retailing, both as CEO of Billabong International and Eddie Bauer.
By Daphne Howland • June 15, 2018 -
Rue21 puts post-bankruptcy team in place
With a new CEO and new financial and marketing chiefs tapped this week, the teen apparel retailer now has a short window to turn things around.
By Daphne Howland • June 15, 2018 -
Kroger exits Raleigh-Durham market amid intense competition
The grocer plans to close 14 stores in the region, where it has operated since 1989. Eight of the locations will be converted to the Harris Teeter banner.
By Alicia Kelso • June 15, 2018 -
May retail sales surge 6% over last year
A robust U.S. economy is fueling consumer spending and e-commerce benefited the most, jumping 9% from 2017. But a looming deficit and trade war threaten growth.
By Daphne Howland • June 15, 2018 -
Claire's posts sales gains as lenders fight over its future
The bankrupt teen retailer said its company and concession stores are boosting revenue, while in court lenders are battling over the plan to bring Claire's out of Chapter 11.
By Ben Unglesbee • Updated June 26, 2018 -
Lids debuts Times Square concept shop
The hat retailer needs the refresh after a tough holiday season and an announcement by owner Genesco that it plans to sell the brand.
By Daphne Howland • June 14, 2018 -
Joann unveils new concept store
With a massive fleet and an increasing number of shoppers moving online, the crafts retailer appears to be branching out from a retail strategy that had mostly succeeded for 75 years.
By Daphne Howland • June 14, 2018 -
Home Depot's solar deal with Tesla flames out
Home Depot’s partnership for solar products is a casualty of job cuts at Tesla, and its drive to reach profitability this year.
By Dan Alaimo • June 14, 2018 -
Zara fights off currency blows with record Q1 sales
Spanish fast-fashion company Inditex Group is making good on its new online-offline integration strategy.
By Daphne Howland • June 14, 2018 -
Is Macy's about to reinvent the department store?
With an investment this week in retail-experience startup b8ta and the acquisition of Story, the venerable retailer is poised to reclaim its position in retail’s avant garde.
By Daphne Howland • June 14, 2018 -
Big Lots, Ollie's snatch up Toys R Us store sites
Retailers with large space needs posted winning bids at an auction of the bankrupt toy retailer's store locations this week.
By Ben Unglesbee • June 14, 2018 -
Macy's and b8ta partner to grow new concept shops
The department store is also taking a minority stake in b8ta, which follows its acquisition last month of retail concept company Story.
By Daphne Howland • June 13, 2018 -
Guess' Paul Marciano resigns after conduct investigation
The company's co-founder will remain on the board and continue to receive a salary until the end of his contract in January 2019.
By Corinne Ruff • June 13, 2018 -
RH raises guidance as rebrand takes hold
The retailer is expanding its new, smaller gallery concept while also revamping the supply chain.
By Daphne Howland • June 13, 2018 -
Suitsupply opens 100th store
Founder Fokke de Jong sees further expansion on the way, saying the 18-year-old Dutch company has "more growth ahead of us than behind us."
By Daphne Howland • June 13, 2018 -
Urban Outfitters delivers on sales and Wall Street applauds
The apparel retailer is building on a strong first quarter as store sales at its brands increase and digital sales explode.
By Daphne Howland • June 13, 2018 -
Whole Foods is 'accelerating' its Prime savings rollout
The grocer added the membership discounts to stores in 10 states this week, and says it's getting strong customer feedback.
By Alicia Kelso • June 13, 2018 -
Sears expands tire collaboration with Amazon
The department store retailer has now made its tire installation partnership with Amazon available nationwide.
By Daphne Howland , Ben Unglesbee • Updated Aug. 28, 2018 -
Rent-A-Center rejects possible sale, then gets another offer
The rent-to-own retailer is committed to going forward alone with its turnaround plan, at least until the next "credible offer" rolls in.
By Ben Unglesbee • June 12, 2018 -
Nine West sells key brands for $340M
The retailer's namesake and Bandolino brands were bid up in auction, indicating there is life and value in them after bankruptcy — now comes the fight over who gets the proceeds.
By Ben Unglesbee • Updated July 5, 2018 -
Amazon under fire for working conditions in China
Reports of mistreatment of contract workers in a factory manufacturing Kindle, Echo Dots and tablets are the latest round of labor and workplace allegations threatening to dull the e-commerce giant's shiny reputation.
By Daphne Howland • June 12, 2018 -
First-ever Covergirl store planned for Times Square
The first store dedicated to the mass market beauty brand will open this fall in New York City.
By Daphne Howland • June 12, 2018 -
Lands' End losses narrow as sales plunge 19%
The company continues to grapple with the downfall of Sears, which once owned Lands' End and still runs many of its locations.
By Daphne Howland • June 12, 2018 -
Harry's of London opens first American flagship in NYC
The brand has come to America as part of a global expansion under new leadership.
By Daphne Howland • June 12, 2018 -
Lug opens first retail store
The Oprah favorite has opened its first brick-and-mortar location at the Baltimore airport.
By Daphne Howland • June 11, 2018