Financial News: Page
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Lululemon raises sales, profit guidance on strong holiday sales
The company is buoyed by digital growth and sales of women's and men's proprietary fabrics. Now it just needs to maintain momentum.
By Daphne Howland • Jan. 9, 2018 -
Target adds 'Universal Thread' to private label stable
Target's latest denim brand is part of the retailer's differentiation strategy and is based on consumer feedback and features inclusive sizing.
By Daphne Howland • Jan. 9, 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 -
Kohl's posts banner holiday period, sales up 7%
The discount department store chain raised its profit outlook for 2017 and could see its position strengthen even more as peers close stores.
By Ben Unglesbee • Jan. 8, 2018 -
Retailers scale back employment
Retail employment in stores overall declined by 20,000 jobs in December, in part due to a shift in seasonal hiring patterns.
By Daphne Howland • Jan. 8, 2018 -
"H&M Canal City Hakata shop in Canal City Hakata East Building at Fukuoka,Japan" by Nissy-KITAQ is licensed under CC BY-SA 3.0
H&M readies millennial-focused 'Nyden' brand
The effort comes shortly after the fast-fashion company, amid rising inventories and falling sales, announced it's picking up the pace on a transformation plan.
By Daphne Howland • Jan. 8, 2018 -
UPDATE: RadioShack exits bankruptcy, again
The electronics retailer will emerge with its company-owned physical stores all but gone and lenders in control of the company.
By Ben Unglesbee • Jan. 8, 2018 -
Marc Jacobs reportedly shuttering European stores
The brand's London store is slated to close, with possibly more in coming months, Business of Fashion reports.
By Daphne Howland • Jan. 8, 2018 -
JD, Alibaba expand grocery offerings
JD announced a new tech-enabled grocery chain, dubbed 7Fresh, the same day rival Alibaba said it's expanding Hema stores.
By Daphne Howland • Jan. 8, 2018 -
L Brands plunges on disappointing December sales
The company's stalwart Victoria's Secret brand is losing market share to rival Aerie and banking on beauty brands to pick up the slack.
By Daphne Howland • Jan. 8, 2018 -
J.C. Penney 'going after Sears' and its appliance business
CEO Marvin Ellison keeps saying that Sears is "donating" market share in the space, but Penney's real saving grace is the Sephora concessions inside its stores.
By Daphne Howland • Jan. 5, 2018 -
Neiman Marcus CEO Karen Katz steps down
Ralph Lauren executive Geoffroy van Raemdonck will succeed her at the embattled luxury department store starting next month.
By Daphne Howland • Jan. 5, 2018 -
AI startup draws $37M investment
Rubikloud's big funding payday is just another indication of how deeply AI is working its way into retail.
By Dan O'Shea • Jan. 5, 2018 -
A hammer with a banana? Kroger may partner with hardware chain Ace
With the grocer opening a restaurant and announcing it would offer a private label fashion line, adding a section devoted to tools, nails and other supplies makes sense.
By Jeff Wells • Jan. 5, 2018 -
Camping World to re-open 69 Gander Outdoors stores
From the get-go, Marcus Lemonis, chairman of new owner Camping World Holdings, has insisted that stores be profitable and well-managed in order to re-open.
By Daphne Howland • Jan. 5, 2018 -
Bon-Ton CFO leaves for Pier 1
The struggling department store chain has brought in a former Hudson's Bay CFO to manage finances weeks after missing a multimillion dollar interest payment on bonds.
By Ben Unglesbee • Jan. 5, 2018 -
Costco sales soar 14.3% in December
The membership retailer appears to be jacking up digital sales, too, without much effort.
By Daphne Howland • Jan. 5, 2018 -
Sears closing another 100 stores
The announcement is just the latest in a series of store closures that have drastically shrunk two of the once most ubiquitous banners in American retail.
By Daphne Howland • Jan. 5, 2018 -
J.C. Penney sales grew 3.4% during the holiday period
Like many retailers, Penney grew its online sales as a percentage of its overall sales, but it lost market share in the two weeks after Thanksgiving, according to Earnest Research.
By Daphne Howland • Jan. 4, 2018 -
Toys R Us hires liquidator ahead of store closures
The bankrupt toy retailer is tapping Malfitano Advisors to liquidate inventory, furniture, fixtures and equipment, as well as coordinate planned store closures.
By Ben Unglesbee • Jan. 4, 2018 -
Is off-price retail losing steam?
Wells Fargo analyst Ike Boruchow sees TJX in particular suffering from expansion, but others see the sector continuing to outpace the rest of retail.
By Daphne Howland • Jan. 4, 2018 -
Macy's to close more stores
A contraction of the department store's massive expansion of two decades ago continues despite decent holiday sales.
By Daphne Howland • Jan. 4, 2018 -
Destination Maternity taps another interim CEO
The largest retailer of maternity apparel continues to face headwinds as department stores and malls falter.
By Daphne Howland • Jan. 4, 2018 -
Amazon captured 44% of US online sales last year
The e-commerce giant also managed to grab 4% of all U.S. retail sales in 2017.
By Daphne Howland • Jan. 4, 2018 -
Cannabis retail sprouts up in California
The expanding legalization of cannabis is bringing traditional retailers to a new market.
By Daphne Howland • Jan. 3, 2018 -
Camping World buys Erehwon
The RV and outdoor retailer continued its acquisition spree with the purchase of Erehwon Mountain Outfitter just eight months after snapping up bankrupt Gander Mountain.
By Ben Unglesbee • Jan. 3, 2018