Financial News: Page
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Sephora buoys LVMH with 'rapidly' growing online sales
The upscale retail conglomerate posted significant gains in all segments, but there may be headwinds coming down the pike.
By Daphne Howland • April 10, 2018 -
Bon-Ton has a bid in hand from mall operators
The bid, for at least $128 million in cash, would keep the department store retailer operating — but it could face a competing bid from bondholders who want to liquidate Bon-Ton's assets.
By Ben Unglesbee • April 10, 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 -
REI to enforce sustainability standards for vendors
By 2020, the outdoors retailer said that the more than 1,000 brands it sells must follow newly released product sustainability standards.
By Cara Salpini • April 10, 2018 -
Best Buy to open first store in 7 years
The big-box retailer would not comment on whether there are more to come.
By Daphne Howland • April 10, 2018 -
Deep Dive
Mergers and acquisitions expected to heat up this year
The annual study from A.T. Kearney found that while deal volume and value dropped in 2017, political events and consumer trends point to more global mergers and acquisitions.
By Cathy Siegner • April 10, 2018 -
Deep Dive
Sneak peek: Nordstrom opens in NYC with first-ever men's store
Nordstrom's new men's store raises the retail bar with a modern blend of merchandise, technology and cutting-edge service.
By Lara Ewen • April 9, 2018 -
Deep Dive
Can Amazon and its marketplace rivals fix their counterfeits problem?
Counterfeiting could soon be a $1 trillion criminal enterprise. As fakes proliferate online, the government is taking notice and brands are taking their arguments public — and to court.
By Ben Unglesbee • April 9, 2018 -
Nine West wins $300M bankruptcy loan and a bid for flagship brand
Authentic Brands, which recently picked up Nautica, has offered $200 million for Nine West's flagship intellectual property, while the remaining business would be taken over by lenders.
By Ben Unglesbee • April 9, 2018 -
Deep Dive
What the online tax debate means for Amazon marketplace sellers
As the U.S. Supreme Court prepares to hear oral arguments in the case, sellers on the e-commerce marketplace fear there may be implications.
By Corinne Ruff • April 9, 2018 -
Levi's hits LVMH-owned Kenzo with trademark lawsuit
The iconic jeans maker said that Kenzo's new Britney Spears collection in particular is a violation of a trademark it has owned for over a century.
By Daphne Howland • April 9, 2018 -
Retail jobs slump in March
The industry is still leading all sectors in job cuts, with 56,526 so far this year, according to labor report from Challenger, Gray & Christmas.
By Daphne Howland • April 9, 2018 -
UPDATE: 'This is what a trade war looks like' NRF says
President Donald Trump on Thursday escalated tensions with China by saying the U.S. would consider additional tariffs on $100 billion of Chinese goods.
By Corinne Ruff • April 6, 2018 -
UPDATE: Nine West files for bankruptcy
The women's shoe and fashion retailer had been preparing a plan with creditors that would sell its namesake brand property to Authentic Brands, Reuters reported.
By Ben Unglesbee • April 6, 2018 -
"Anthropologie store Americana at Brand shopping mall in Glendale, California" by Minnaert, Wikimedia Commons is licensed under CC BY-SA 3.0
Anthropologie chief to depart Urban Outfitters
Hillary Super and Andrew Carnie will take over for David McCreight, who is leaving the brand after six years.
By Daphne Howland • April 6, 2018 -
Amazon adding new fulfillment center in Las Vegas
The 1,000 full-time workers to be employed there will likely be working beside robots as Amazon seeks to make its fulfillment operations more efficient.
By Daphne Howland • April 6, 2018 -
Target settles background check lawsuit for $3.7M
The retailer has revamped a hiring process found to disproportionately hurt African-American and Latino job applicants.
By Daphne Howland • April 6, 2018 -
Sally Beauty slashes undisclosed number of HQ jobs
Savings from cost-cutting initiatives will be reinvested into "market-competitive store wages," technology to improve the customer experience and e-commerce growth, the company said.
By Corinne Ruff • April 5, 2018 -
Deep Dive
Is Walmart poised to disrupt healthcare before Amazon?
The retail giant already has a strong track record in pharmacy sales and medical care, but experts wonder if it can really make an impact.
By Daphne Howland • April 5, 2018 -
Opinion
In the Toys R Us void, toy makers should target grocery
As the massive toy retailer winds down, producers can fill the gaps in their profit-and-loss statements by targeting supermarkets, writes Tim Hall, CEO of research firm Simporter and former Hasbro executive.
By Tim Hall • April 5, 2018 -
Nike 'failing to gain traction' in diversity hires
The athleticwear giant is working through some issues in order to square its reality with brand identity, experts say.
By Daphne Howland • April 5, 2018 -
Macy's longtime CFO to retire
Karen Hoguet has spent 36 years with Macy's, 20 as its CFO, and has been there "for good times and bad," said CEO Jeff Gennette.
By Daphne Howland • April 5, 2018 -
Apple poaches Google AI chief
The tech giant has hired John Giannandrea away from its rival, which could boost Apple's Siri in the race for better voice assistant technology.
By Dan Alaimo • April 5, 2018 -
Century 21 opens concept store on Staten Island
The Staten Island project is a twist on the iconic off-price retailer's high-end offering in New York.
By Daphne Howland • April 4, 2018 -
Tractor Supply Co opens 1,700th store
The "rural lifestyle" retailer is among those actually peppering the landscape with more stores.
By Daphne Howland • April 4, 2018 -
Neiman Marcus Group taps new CFO
Adam Orvos has a significant amount of retail experience, particularly at department stores, and takes on a spot that's had a swiftly revolving door.
By Daphne Howland • April 4, 2018