Guitar brand Gibson files for bankruptcy

The musical instrument maker plans to reorganize around its core business after a debt-financed overseas acquisition went awry. 

By Ben Unglesbee • May 2, 2018

Sephora opens 2nd 'Studio'

The new location in Hoboken, New Jersey, joins the first of its kind in Boston, and the retailer plans to open more of the experiential store concept this year.

By Daphne Howland • May 2, 2018

Alexa exec leaves Amazon for 'a serious break'

Charlie Kindel, the executive most responsible for Alexa’s success, has left the fast pace of Amazon, citing a need to "catch my breath."

By Dan Alaimo • May 2, 2018

Amazon to hire thousands of tech workers

Dwarfing the hundreds laid off from corporate earlier this year, Amazon plans to hire 200 in a Minneapolis tech office, 2,000 in Boston and fill 3,000 jobs in Vancouver, mainly with technologists.

By Dan Alaimo • May 1, 2018

Barneys tunes into the podcast craze

The luxury department store plans to launch a show that will bring on fashion designers, interior designers and hair stylists to talk about their experiences in the fashion world.

By Corinne Ruff • May 1, 2018

Macy's adds 20 Backstage stores, to double off-price footprint

The department store retailer plans to add 100 Backstage outlets inside existing stores in fiscal 2018 in an effort to fend off the off-pricers at its flank. 

By Ben Unglesbee • May 1, 2018

Tapestry leans on Kate Spade as Stuart Weitzman falters

Kate Spade is getting the same treatment as Coach, which has ditched discounts and department stores to good effect and is now appealing to younger shoppers.

By Daphne Howland • May 1, 2018

Under Armour still looks like a brand running 'out of steam'

The brand continues to falter against rivals, especially in North America where the sportswear segment dominates.

By Daphne Howland • May 1, 2018

Walmart's Asda grocery chain to merge with Sainsbury's

If given the green light, pending various approvals, Walmart will hold 42% of the combined company, which is poised to become a U.K. grocery powerhouse.

By Corinne Ruff • April 30, 2018

Nike promotes 2 women to replace executives departing amid 'toxic environment'

Nike is moving fairly quickly to replace executives who have left in recent weeks, including appointing a new C-level chief diversity and inclusion officer.

By Daphne Howland • April 30, 2018

Toys R Us still has a chance to save some US stores

The investment firm buying the retailer's Canadian business is reportedly interested in select units, while MGA's CEO Isaac Larian, plans "to continue the fight to save Toys R Us in the U.S."

By Ben Unglesbee • April 30, 2018

Younger apparel shoppers flock to Amazon, Target and T.J.Maxx

Walmart is maintaining its stronghold with older, less wealthy shoppers, while T.J. Maxx is appealing to pretty much everybody, according to a report from Coresight Research.

By Daphne Howland • April 30, 2018

Fred's CEO departs

The drug store retailer's CEO has left after just two years on the job and a bid to buy up hundreds of Rite Aid stores failed last year. 

By Daphne Howland • April 30, 2018

Malls plan for more store closures

Shopping centers are mixing up their tenant base as department stores, which have served as anchor tenants for decades, close locations.

By Daphne Howland • April 30, 2018

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

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

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