Financial News: Page 246
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Neiman Marcus unveils 'digital first' strategy
It's the retailer's 10th straight quarter of declines, but the new plan involves digital style services and more personalized interactions.
By Daphne Howland • Oct. 12, 2017 -
Nordstrom faces call to drop Donna Karan merchandise
The designer's controversial comments regarding Harvey Weinstein are drawing ire as calls for a boycott grow.
By Daphne Howland • Oct. 12, 2017 -
Walmart focused on digital, dials back store growth
The retailer is all about growing online sales and will pull all the levers provided by Jet and its founder Marc Lore, but reception is mixed.
By Daphne Howland • Oct. 11, 2017 -
Ross builds 40 new stores in just over a month
The new additions bring the off-price retailer's total store count to more than 1,400, and the company's president said there are more to come.
By Ben Unglesbee • Oct. 11, 2017 -
Sears Canada to shut down after buyout bid fails
A last-minute effort to save the Canadian department store came up short, leaving the company to shutter operations and liquidate its stores.
By Ben Unglesbee • Oct. 11, 2017 -
Amazon urged to collect sales tax from Marketplace purchases
Marketplaces are on the rise, but the tax collection loophole is being challenged by states.
By Daphne Howland • Oct. 11, 2017 -
Belgian postal service buys fulfillment specialist Radial for $820M
Bpost is looking to stake a claim on the growing worldwide cross-border e-commerce fulfillment market by acquiring the former ebay unit.
By Dan O'Shea • Oct. 10, 2017 -
Deep Dive
Did Donna Karan just kill her brand?
Donna Karan came out in support of Harvey Weinstein. Her quick apology may not be enough to save her brand image, putting stores and retail accounts at risk.
By Lara Ewen • Oct. 10, 2017 -
Forever 21 opens its first beauty stores
The fast-fashion retailer is breaking into a hot market with its Riley Rose stores, which are loaded with displays, technology and experts on hand.
By Daphne Howland • Oct. 10, 2017 -
Ikea launches 'Lurvig' line of pet furniture
The name means "shaggy" in Swedish and aims to capitalize on rising pet sales.
By Daphne Howland • Oct. 10, 2017 -
Walmart shoots for 40% e-commerce growth
The company is focusing on e-commerce, digital improvements and store remodels, with just 25 new U.S. locations expected this year, it said in advance of today's analyst meeting.
By Laura Heller • Oct. 10, 2017 -
UPDATED: Meijer cuts IT jobs
Meijer continues to restructure its IT organization, reportedly eliminating hundreds of in-house jobs in the process.
By Dan O'Shea • Oct. 10, 2017 -
DSW steps into shoe rental
Shoe rental is par for the course at the bowling alley, but the retailer wants to know if shoppers will rent upscale footwear for events.
By Daphne Howland • Oct. 9, 2017 -
AlixPartners: Liquidation is the norm for bankrupt retailers
As 2017's list of retailers in Chapter 11 approaches recession-era records, the consulting firm looked at the worst outcomes for bankrupt retailers — and how to avoid them.
By Ben Unglesbee • Oct. 9, 2017 -
Staples' private equity owner doubles down on retail
Sycamore Partners is heavily focused on the industry at a time when many investors are wary of retailers’ prospects, according to a new report.
By Daphne Howland • Oct. 9, 2017 -
Deep Dive
What Amazon's Seller Flex means for retail supply chains
Either Amazon is looking to disrupt parcel delivery or is merely aiming to take greater control of its supply chain. Which is it?
By Edwin Lopez • Oct. 6, 2017 -
Menswear company Suitsupply launches women's brand
The sister store, Suistudio, will open its first U.S. store in New York in October.
By Daphne Howland • Oct. 6, 2017 -
Costco launches grocery delivery service
The initiative is a defensive move for the warehouse club store, which has built its business model around the in-store experience.
By Jeff Wells • Oct. 6, 2017 -
Nordstrom seeks new financing to salvage go-private deal
High-priced financing is undermining a deal struck by the Nordstrom family and private equity firm Leonard Green, The Wall Street Journal reports.
By Daphne Howland • Oct. 6, 2017 -
Moody's: Off-price gains mean more pain for department stores
The growth of the sector might be slowing, but is expected to remain strong as shoppers flock to T.J. Maxx, Ross and Burlington.
By Daphne Howland • Oct. 6, 2017 -
Sears borrows $100M (more) from Eddie Lampert's hedge fund
The company's CEO has extended his financial lifeline to the retailer through ESL Investments — the question on everyone's mind is how much longer can he, or will he, keep doing that?
By Ben Unglesbee • Oct. 6, 2017 -
Walmart bets on grocery pickup to edge out Amazon
The retailer is leveraging its physical assets, trialing automated pickup kiosks and partnering with Google to build a compelling click-and-collect model hard for even Amazon to replicate.
By Sandy Skrovan • Oct. 6, 2017 -
Mall developer rebrands amid rising vacancy rates
CBL Properties' new brand and marketing scheme reflects a push to include food, entertainment, fitness and other new uses as retailers falter.
By Daphne Howland • Oct. 6, 2017 -
Amazon buys Body Labs to leverage 3D scanning technology
Body scanning could fuel apparel sales at Amazon as retailers scramble to adopt more accurate fit technology.
By Dan O'Shea • Oct. 5, 2017 -
Deep Dive
Why Lowe’s uses comic books to guide innovation
Kyle Nel, executive director of Lowe’s Innovation Labs, opened up to Retail Dive about how the company experiments with new technology.
By Corinne Ruff • Oct. 5, 2017