Financial News: Page 236


  • Revlon CEO exiting after less than two years

    Board member Paul Meister will oversee day-to-day operations in the interim, and the daughter of longtime board chairman Ron Perelman, Debra, is taking the COO spot.

    By Jan. 31, 2018
  • Is Amazon dipping into higher ed?

    Candace Thille, an expert in the science of learning from Stanford University, has been hired by the retailer to train workers and potentially more. 

    By Shalina Chatlani • Jan. 31, 2018
  • Stein Mart exploring 'strategic alternatives'

    The century-old retailer is beloved by many, but it's facing an uphill climb in a tough retail environment.

    By Jan. 31, 2018
  • Warby Parker tries kids glasses on for size

    The eyewear startup is offering miniature styles for a limited time and only at its New York City locations.

    By Jan. 31, 2018
  • Deep Dive

    Out of the ashes: 8 brands that found life after retail death

    Retail brands bought out of bankruptcy can have a second life as an e-tailer or a product label. But will the afterlife of these retailers last forever?

    By Jan. 30, 2018
  • Payless cutting corporate jobs to 'realign' around stores

    The move is part of ongoing efforts to modernize the retailer's approach and focus on its core customer base, leaving bankruptcy behind. 

    By Jan. 30, 2018
  • Mattress Firm taps new CEO

    Steve Stagner again takes the title, replacing Ken Murphy, as the retailer tries to compete with direct-to-consumer startups.

    By Jan. 30, 2018
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    Getty Images
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    Amazon and Berkshire Hathaway partner to take on healthcare

    The companies, along with JPMorgan Chase, plan to provide their U.S. employees with "simplified, high-quality and transparent healthcare at a reasonable cost."

    By Jan. 30, 2018
  • 4 public policy priorities for 2018

    Ahead of the President's State of the Union address, the Retail Industry Leaders Association outlined the biggest public policy issues facing retailers this year.

    By Jan. 30, 2018
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    "Dressbarn" by Dwight Burdette is licensed under CC BY 3.0
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    Ascena taps new Dressbarn chief amid ongoing struggles

    Erin Stern, previously chief merchandising officer for Maurices, will take over the role, looking to repair the damage of "fashion missteps that we cannot afford."

    By Jan. 30, 2018
  • Zara launches pop-up dedicated to digital sales

    The temporary store at Westfield Stratford in London features technology like RFID, mirrors that recommend products and mobile devices to speed ordering and returns.

    By Jan. 29, 2018
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    Retrieved from Asos on January 29, 2018
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    Asos speeds past fast-fashion rivals

    The company's differentiation in digital sales makes its goal of nearly doubling sales "a realistic ambition," according to WGSN analysts.

    By Jan. 29, 2018
  • Staples replaces Shira Goodman with Coca-Cola exec

    J. Alexander "Sandy" Douglas steps into the top spot as private equity owner Sycamore Partners prepares for a new era.

    By Jan. 29, 2018
  • Ikea founder dies at 91

    The company continues to build on Ingvar Kamprad's entrepreneurial spirit and is even considering a furniture rental program to reduce waste. 

    By Jan. 29, 2018
  • Reports: Kroger in partnership talks with Alibaba

    This could give Kroger much needed access to emerging technology — a powerful weapon against Amazon. 

    By Jeff Wells • Jan. 26, 2018
  • Toys R Us won't release holiday sales results

    The bankrupt toy chain is breaking more than a decade of tradition, declining to release sales numbers amid what CEO David Brandon called "operational missteps." 

    By Jan. 26, 2018
  • 500 Walmart job cuts have already begun

    The retailer will shrink its corporate ranks by 1,000 overall across departments, according to reports.

    By Jan. 26, 2018
  • Deep Dive

    Will Kohl's stores sprout new life with grocery?

    Industry experts agree that larger stores need to slim down and boost foot traffic, but many are skeptical that adding grocery is a logical choice.

    By Jan. 25, 2018
  • Mergers and acquisitions soar 109% over 2016

    Last year set records for deals in the industry, raking in a collective deal value of $311.6 billion.

    By Jan. 25, 2018
  • Nine West reportedly close to bankruptcy filing

    The brand is working to sell off some intellectual property in time for a March 15 loan payment, but remains prepared to file for Chapter 11 protection, sources told Bloomberg.

    By Jan. 25, 2018
  • Prada takes the 'Silver Line' to Macau

    The luxury retailer has launched an elaborate set of pop-ups, with plans to move into Shanghai, Beijing and other areas moving forward.

    By Jan. 25, 2018
  • CVS adds oral care to health initiative

    The pharmacy retailer is moving assertively to become as much of a healthcare provider as it is a retailer, even as Amazon expands efforts in the sector.

    By Jan. 25, 2018
  • Lowe's readies for spring with big seasonal hiring boost

    Customer service chatbots are also on the hiring roster — a growing trend among retailers.

    By Jan. 25, 2018
  • 4 retailers land on Bloomberg's new global Gender Equality Index

    CVS Health, Gap Inc., Kering and Walmart de México all made the cut as the movement toward parity gains momentum. 

    By Jan. 25, 2018
  • Ralph Lauren beefs up digital with new hires

    The retailer is bringing back the iconic 1993 Snow Beach collection, with vintage and updated pieces, but can't afford to go backward on e-commerce. 

    By Jan. 24, 2018