Financial News: Page


  • 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 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 July 18, 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
  • 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 July 18, 2018
  • Kroger’s in-store app aims to simplify healthy food shopping

    OptUP lets customers score their groceries based on healthiness, scan and search for product alternatives and connect to digital carts for curbside pickup or delivery.

    By Robert Williams • July 17, 2018
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    Retrieved from Amazon on July 17, 2018
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    Amazon breaks Prime Day records despite site crashes

    The e-commerce giant's major summer sale, aside from being a lucrative sales day for the company, gives it a chance to wrestle with system weaknesses ahead of the big dance: the holidays.

    By July 17, 2018
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    Casper turns to Nordstrom in latest pop-up effort

    The mattress startup is working with Target and now the department store to expand its reach as it looks to corner the market on sleep.

    By July 17, 2018
  • Nine West reportedly looking to sell its remaining business

    Encouraged by the better-than-expected price tag at auction for its namesake and Bandolino brands, the company is working with Lazard to possibly unload its remaining fashion brands, sources told Reuters.

    By July 17, 2018
  • Gymboree tries for reboot as back-to-school season starts

    This time last year found the children's retailer in Chapter 11, driven there by an unsustainable debt load and falling sales.

    By July 16, 2018
  • Nike, Vogue collaborate on limited-edition sneaker line

    The first-ever Jordan collaboration for women are stamped with the magazine editor's signature AWOK, which stands for "Anna Wintour Okay."

    By Erica Sweeney • July 16, 2018
  • Five Below to open NYC flagship on 5th Avenue

    This store will be larger than the discount chain's usual locations, and it's part of the CEO's ambitions to end up with 2,500 locations nationwide.

    By July 16, 2018
  • June retail sales rise 0.3%, as e-commerce gained 1.3%

    But second quarter comp sales are set to disappoint, some analysts say, as apparel and department stores continue to struggle. 

    By July 16, 2018
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    Retrieved from Amazon on July 05, 2018
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    Amazon poised to grab half of online sales in the US

    As its more lucrative marketplace continues to dominate, Amazon also faces a backlash as some sellers fail to live up to customer service standards.

    By July 16, 2018
  • Victoria's Secret extends summer sale — but still gets no lift

    The lingerie brand is "broken," according to Jeffries analyst Randal Konik, and that spells serious trouble for owner L Brands.

    By July 13, 2018
  • Walmart mulls credit card switch

    The retailer's credit business is unlikely to carry the level of perks found at other retailers, and a switch could be tricky, as Costco found out two years ago.

    By July 13, 2018
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    Retrieved from Nike on July 12, 2018
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    New Nike concept store goes Live in LA

    Experiential doesn't mean the same for every brand, concept or customer. That's a lesson the retailer is taking to heart as it iterates on the future of direct-to-consumer stores.

    By July 12, 2018
  • CommerceHub taps former J.C. Penney exec as COO

    The supply chain network is looking to expand its relationships with retailers and add new products and capabilities. 

    By July 12, 2018
  • Walmart says no plans to sell Seiyu supermarket chain

    The retail giant has squashed rumors earlier this week that it approached major retailers and private equity funds about selling its Japanese unit. 

    By Updated July 13, 2018
  • Sears slashes another 200 corporate jobs

    The department store retailer has cut about 420 jobs so far this year as it attempts to reduce costs, but Sears acknowledges job cuts could hurt its business. 

    By July 12, 2018
  • Abercrombie checks in to sbe hotels

    Retail at hotels is nothing new, but many partnerships between retail and the hospitality industry now go well beyond traditional enterprises like lobby gift shops or coffee stands.

    By July 12, 2018
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    Retrieved from Walmart on July 12, 2018
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    Walmart expanding c-store test

    The retail giant aims to make shopping easier with fuel centers located in the parking lots of its massive supercenters. 

    By July 12, 2018
  • Deep Dive

    Which retailers spend the most on lobbying?

    While Walmart has kept a staid approach in Washington, Amazon's efforts have skyrocketed in recent years.

    By July 11, 2018
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    Corinne Ruff
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    Nordstrom investors balk at 5-year plan

    The department store retailer laid out a set of ambitious goals for the next few years to grow sales and invest in digital capabilities.

    By July 11, 2018
  • Marvin Ellison shakes up his Lowe's team

    The COO and chief customer officer roles have been axed as the newly arrived CEO works to move the retailer out from under The Home Depot's shadow.

    By July 11, 2018
  • Fabletics will open 75 new stores in big growth push

    The brand is holding its own in the booming activewear category, but competition is fierce. An expanded executive team and merchandising upgrades are positioned to help. 

    By July 11, 2018
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    Dip
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    Grocery giant Kroger tries on a new outfit with apparel line

    The company hired Joe Mimran, the acclaimed designer and the mind behind Loblaws' Joe Fresh brand, to create a signature clothing brand called Dip.

    By Krishna Thakker • July 10, 2018