Financial News: Page


  • GNC turns to private labels for growth amid turnaround

    The supplements retailer says its turnaround is making progress despite an uptick in competition in the market.

    By July 27, 2018
  • RadioShack plans 'express' shops in over 100 HobbyTown stores

    A new partnership with the hobby and toy retailer harkens back to the days when RadioShack was the go-to retailer for people building their own computers.

    By July 27, 2018
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
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    Getty Images
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    Amazon posts largest-ever quarterly profit

    In the e-commerce giant's second quarter, net sales rose 39% and the company's non-retail ventures were the main drivers.

    By July 27, 2018
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    Jeff Wells
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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 July 26, 2018
  • Headshot of Under Armour Founder Kevin Plank
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    The image by Dcavalli is licensed under CC BY-SA 3.0
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    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 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 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 July 25, 2018
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    Jeff Wells
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    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
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    Courtesy of Lululemon
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    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 July 25, 2018
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    Sephora
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    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 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 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 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 July 24, 2018
  • A Nike storefront in SoHo
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    Cara Salpini/Retail Dive
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    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 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 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 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 July 23, 2018
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    Retrieved from Ebay on August 01, 2014
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    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 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 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
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    Retrieved from Target on July 19, 2018
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    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 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 July 19, 2018
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    Retrieved from Amazon on July 18, 2018
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    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 July 19, 2018
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    Retrieved from Amazon on July 18, 2018
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    Deep Dive

    5 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 July 18, 2018