Financial News: Page 214
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Tariff talk could 'rattle retail,' Moody's says
Even without the worry of tariffs, the healthy U.S. economy hasn't reached all retailers, according to a new report from the financial services company.
By Daphne Howland • Aug. 7, 2018 -
National Stores and Gump's file for bankruptcy
While the owner of discount chain Fallas is planning to restructure, the fate of the San Francisco regional department store is less clear.
By Daphne Howland • Aug. 7, 2018 -
Etsy banks on price hikes for continued growth
Gross merchandise sales jumped 20% over last year as the marketplace begins to turn things around under CEO Josh Silverman
By Daphne Howland • Aug. 7, 2018 -
Nordstrom poaches Tesco exec to fill CTO spot
After 18 months without a CTO, Edmond Mesrobian will step in to help drive the department store retailer's technology ambitions.
By Dan Alaimo • Aug. 7, 2018 -
Retail adds 66K jobs in July
The industry is benefiting from strong consumer confidence, but employment growth appears to be slowing as wage gains remain elusive.
By Daphne Howland • Aug. 6, 2018 -
Walmart hit with $2B lawsuit over produce technology
Zest Labs claims the retailer stole its proprietary information to develop Eden, a management system that can extend the shelf life of fruits and vegetables.
By Alicia Kelso • Aug. 3, 2018 -
Ascena names new heads for Loft, Ann Taylor
Merchandising has been a weakness across Ascena's portfolio, and the conglomerate promoted two merchandisers to lead its premium segments.
By Daphne Howland • Aug. 3, 2018 -
Wayfair posts Amazon-like sales growth, and a $100M loss
The online furniture and home goods retailer is also reportedly departing from its pure-play stance with plans for a physical store in Kentucky.
By Daphne Howland • Aug. 3, 2018 -
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 -
Retrieved from Kroger on August 01, 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 -
Retrieved from Target on November 14, 2017
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