Financial News: Page 219
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Target hosts 10 startups in a mini beauty accelerator
Last week, Target Takeoff brought the beauty startups to Minneapolis for mentoring and product pitches.
By Dan Alaimo • April 30, 2018 -
Walmart pays out millions in exec bonuses said to be cut
A spokesperson for the retailer clarified that the cuts aren't due to take place until 2020.
By Daphne Howland • April 27, 2018 -
Walmart Labs on tech hiring binge in California, Arkansas
The retailer is trading traditional roles for highly skilled technical positions as it ramps up the R&D operations of Walmart Labs.
By Dan Alaimo • April 27, 2018 -
J. Crew prevails in debt-swap ruling
A New York judge narrowed a lawsuit brought by holdouts in a deal last year that moved J. Crew brand property to a subsidiary to secure new financing.
By Daphne Howland • April 27, 2018 -
WeWork raises more than $700M from bond market
The resulting peek into the co-working startup's financials gives some investors pause as they consider WeWork's business model and ability to repay.
By Daphne Howland • April 27, 2018 -
Mattel sales fall 4% in a post-Toys R Us world
The toy brand must figure out how to carry on without the collapsing retailer, previously its biggest worldwide retail partner.
By Daphne Howland • April 27, 2018 -
GNC to shutter 200 stores
The supplements retailer is seeing better results abroad, though its deal with Chinese pharmaceutical company Hayao hit a snag Wednesday.
By Daphne Howland • April 26, 2018 -
Deep Dive
12 retailers at risk of bankruptcy in 2018
Six major retailers have already filed for bankruptcy in 2018, pointing to more struggles ahead. With data from CreditRiskMonitor, we looked at the companies that could be vulnerable in the next 12 months.
By Ben Unglesbee • April 25, 2018 -
Charming Charlie exits bankruptcy with 100 fewer stores
The apparel and accessories retailer made a quick exit out of Chapter 11 after having filed in December with a plan to close stores and cut debt.
By Ben Unglesbee • April 25, 2018 -
Sears real estate chief preparing to step down
After 15 years, Jeff Stollenwerck will depart as the retail giant grapples with plummeting sales throughout its shrinking brick-and-mortar footprint.
By Daphne Howland • April 25, 2018 -
Deep Dive
Will Walmart's BOPIS plan tower over rivals?
Walmart is back in build-out mode. Last year, the retailer rolled out 200 Pickup Towers across its vast store fleet — and at least another 500 are on their way.
By Corinne Ruff • April 25, 2018 -
Amazon reportedly eyeing QVC rival Evine Live
A home shopping network is an ideal way to reach baby boomers, and could prompt Walmart to make an acquisition of its own.
By Daphne Howland • April 25, 2018 -
No18 to bring new co-working concept to the Shops at Buckhead Atlanta
Retail and shared workspaces are a match poised to thrive — both need real estate and benefit from many of the same amenities.
By Daphne Howland • April 25, 2018 -
With Walmart deal, DoorDash joins the grocery delivery cage match
The company, which had previously worked with restaurants, will deliver groceries to Walmart customers in Atlanta, with more markets to come.
By Jeff Wells • April 25, 2018 -
Deep Dive
In search of the real J. Peterman
"Seinfeld," Oprah, venture capital, bankruptcy: Catalog retailer John Peterman has endured everything the world has thrown at him. Can his company survive the digital era and the aging of its customers?
By Ben Unglesbee • April 24, 2018 -
Amazon warehouse workers reportedly relying on SNAP
The Intercept found that in five states the e-commerce giant was among the top 20 companies with employees who rely on food subsidies.
By Daphne Howland • April 24, 2018 -
Brookfield plans 'retail incubator' on New York's Bleecker Street
The company bought up properties in the Greenwich Village neighborhood for $31.5 million and plans a retail- and arts-based revitalization that includes e-commerce companies.
By Daphne Howland • April 24, 2018 -
Old Navy to open 60 new stores this year
That's double the more than 30 new Old Navy stores the company opened last year.
By Daphne Howland • Updated April 24, 2018 -
Target launches Hunter collaboration without signature boots
Target said it's looking into what happened — but it's a big miss considering Hunter's iconic status and the key role Target’s collaborations with major labels play in merchandise differentiation.
By Daphne Howland • April 23, 2018 -
Toys R Us has $100 million offer from rival for European units
The bankrupt toy retailer said toy chain Smyths has agreed to buy its stores in Germany, Austria and Switzerland.
By Ben Unglesbee • April 23, 2018 -
Sears CEO's hedge fund wants to buy Kenmore, home services units
In another twist in the long-running Sears saga, ESL Investments wants to snap up some of the most valuable remaining assets on the company's books.
By Ben Unglesbee • April 23, 2018 -
Local toy stores could see 'best year yet' after Toys R Us collapse
Toy manufacturers Hasbro and Mattel are taking a hit after Toys R Us' downfall, though.
By Daphne Howland • April 23, 2018 -
Kardashian clan shuttering all Dash boutiques
The sisters were divided over whether to sell the brand when they reportedly had an offer last year from a department store retailer.
By Daphne Howland • April 23, 2018 -
Private equity snaps up True Value
The deal means the end of True Value's retailer-member cooperative ownership.
By Daphne Howland • April 23, 2018 -
Net-a-Porter founder starts retail tech-focused VC firm
Natalie Massenet will be looking for another breakout start-up leading venture capital firm Imaginary Ventures.
By Dan O'Shea • April 20, 2018