Financial News: Page 215
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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 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour stabilizes in North America
Despite revenue growth of 8% in the most recent quarter, the company has a lot more to do if it's to turn its fortunes around in the sports market.
By Daphne Howland • July 26, 2018 -
Deep Dive
Nine West, Authentic Brands and the future of apparel retail
Crippled by debt, Nine West went into bankruptcy this year. The company that bought the namesake brand has a flexible model that leaves it hungry for acquisitions.
By Ben Unglesbee • July 25, 2018 -
Wet Seal relaunches plus collection
A year after being bought out of its second bankruptcy in two years, the SoCal teen apparel brand is attempting to survive as a pure-play online retailer.
By Daphne Howland • July 25, 2018 -
Amazon expands Whole Foods delivery to New York, Florida
The retail giant now delivers Whole Foods groceries to Prime members in two dozen cities across the U.S.
By Alicia Kelso • July 25, 2018 -
Lululemon steals Sephora exec to fill CEO spot
After Laurent Potdevin's departure in February, the athletics retailer desperately needs a new CEO to reassert the brand's female-focused image.
By Cara Salpini • July 25, 2018 -
Sephora's innovation 'gathering speed' at LVMH
The conglomerate has had a good year so far, with demand in China setting aside fears of a slowdown in Asia, but the company still holds concerns about the impact of tariffs.
By Daphne Howland • July 25, 2018 -
Ivanka Trump brand is folding
Donald Trump may have doomed his daughter's brand when he first announced his presidential bid.
By Daphne Howland • July 24, 2018 -
Former Home Depot exec to join Ellison at Lowe's
Joseph McFarland has more than 25 years of retail operations experience, working with Lowe's CEO Marvin Ellison at both J.C. Penney and Home Depot.
By Daphne Howland • July 24, 2018 -
Brookstone reportedly searching for bankruptcy loan
The merchant of oddball electronics could file for Chapter 11 if it finds a financial backer to take it through the process, The Wall Street Journal reports.
By Ben Unglesbee • July 24, 2018 -
Nike to raise salaries after internal review
The athletics retailer announced competitive pay adjustments for 10% of its employees, hoping to "support a culture in which employees feel included and empowered."
By Cara Salpini • July 24, 2018 -
Ross unveils 30 more stores
The new locations are part of the off-price retailer's plans to add 100 stores this year, even in the face of growing online apparel sales.
By Daphne Howland • July 23, 2018 -
Walmart laying off 260 at optical plants
Two years ago nearly 100 workers were laid off at its Dallas optical lab after the installation of automated equipment.
By Daphne Howland • July 23, 2018 -
Five Below downgraded as Amazon looms
Credit Suisse analysts say the company is "one of the most differentiated concepts in retail" but fear it may bump into competition from Amazon.
By Daphne Howland • July 23, 2018 -
Retrieved from Ebay on August 01, 2014
Ebay slashing 274 jobs amid rising costs
The online marketplace is facing currency headwinds and tighter margins as it spends more to compete with Amazon.
By Daphne Howland • July 20, 2018 -
Vans doing the heavy lifting at VF Corp
The brand conglomerate seems to be finished right-sizing its brand stable, but Vans, with 35% growth, is the company's "only true strength," one analyst said.
By Daphne Howland • July 20, 2018 -
Apparel retailers rank trade policy, tariffs as top business challenge
As a trade war brews with China, the fashion industry is looking for alternate sourcing destinations, resulting in major supply chain shifts.
By Shefali Kapadia • July 19, 2018 -
Retrieved from Target on July 19, 2018
Target delivers same-day shipping to NYC metro area
By the start of the holiday season, the mass merchant plans to make available same-day delivery via Shipt to most stores nationwide.
By Corinne Ruff • July 19, 2018 -
Toys R Us strikes deal with vendors to settle bankruptcy claims
After supporting the toy retailer in bankruptcy, many vendors were left with millions in unpaid orders as Toys R Us moved to liquidate.
By Ben Unglesbee • July 19, 2018 -
Retrieved from Amazon on July 18, 2018
Prime Day boosts sales by 54% for large retailers
Amazon raked in more than $4 billion by some estimates and helped others log huge sales — but smaller players were left behind.
By Daphne Howland • July 19, 2018 -
Retrieved from Amazon on July 18, 2018
Deep Dive5 takeaways from Prime Day 2018
The fourth annual summer holiday indicates private label and devices will be central to Amazon's Black Friday strategy.
By Corinne Ruff • July 18, 2018 -
Pirch names former Home Depot exec new CEO
The innovative appliance retailer retreated from its expansion earlier this year after its high-touch, experiential stores failed to attract sales outside of its California home base.
By Daphne Howland • July 18, 2018 -
Adidas 'ascendancy' in question as Nike steps up its game
Wells Fargo analysts downgraded the athletic brand's stock as sales in Europe have declined and it faces surging competition, including in North America.
By Daphne Howland • July 18, 2018 -
Petco debuts brick-and-mortar pet wellness concept
The company acquired the PetCoach startup last year and is now bringing the formerly digital-only business to physical stores amid growing competition.
By Daphne Howland • July 18, 2018