Financial News: Page 264
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Deep Dive
Dov Charney's American Dream: The rise, fall and comeback of an apparel empire
In the months after American Apparel was sold out of bankruptcy and its stores were shuttered worldwide, Charney spoke at length with Retail Dive about his complicated history, the road ahead — and everything in between.
By Jordan Branch • June 22, 2017 -
Dollar General taps former Subway exec as new CIO
Carman Wenkoff, who has extensive IT leadership experience, replaces retiring CIO Ryan Boone.
By Daphne Howland • June 22, 2017 -
J. Crew buys time to deal with debt
A majority of lenders have agreed to push off maturity of some of the struggling apparel retailer's massive $2 billion debt.
By Daphne Howland • June 22, 2017 -
Deep Dive
6 ways the Amazon-Whole Foods deal could impact the grocery industry
Analysts say retailers can expect more pricing pressure, consolidation and higher consumer expectations for online shopping and delivery.
By Jeff Wells • June 22, 2017 -
Report: Walmart asking suppliers to quit Amazon cloud
The brick-and-mortar giant is flexing its muscles, asking tech suppliers to stop using Amazon cloud services, which is a massive source of profitability.
By Ben Unglesbee • June 21, 2017 -
Sears Canada reportedly bound for liquidation
The retailer, which technically split from Sears Holdings in 2014, is expected to file for creditor protection and will be sold off in pieces, anonymous sources told Bloomberg.
By Ben Unglesbee • June 21, 2017 -
Macy's continues Backstage push into full-line stores
Meanwhile, stock purchases from CEO Jeff Gannette and director William Lenehan signal confidence in the struggling department store’s turnaround.
By Daphne Howland • June 21, 2017 -
Amazon Go exec departs for real estate startup amid tech hiccups
Bali Raghavan was the director of the tech beset by complications that have hampered its opening to the public.
By Daphne Howland • June 21, 2017 -
Amazon Prime Wardrobe taps into Stitch Fix's box success
In its latest foray into fashion, Amazon lets Prime shoppers try before they buy.
By Corinne Ruff • June 21, 2017 -
Target messes with Texas in $220M remodel project
The 28-store overhaul is important as Target strengthens its position in key categories and tries to get grocery right.
By Daphne Howland • June 21, 2017 -
Deep Dive
Is Amazon the cure for Whole Foods' woes?
The natural and organic retailer could benefit from the online giant's technology and ability to lower prices, but it could struggle to survive a culture clash.
By Jeff Wells • June 20, 2017 -
Walmart's professional development goes virtual reality
The big-box retailer will roll out its VR training program to 140,000 associates as a new cost-effective, easily managed training option for workers.
By Tess Taylor • June 20, 2017 -
Whole Foods CEO suggests grocer could spin off new brand under Amazon
The organic grocer's chief said post-acquisition it could spin off a new brand that "wouldn't be our standards" — but, presumably, would be more in line with Amazon's business model.
By Ben Unglesbee • June 20, 2017 -
Activist fund wants Hudson's Bay to sell properties, go private
Land & Buildings, an activist hedge fund focused on real estate, suggested Hudson's Bay could sell and vacate its iconic Fifth Avenue store.
By Ben Unglesbee • June 20, 2017 -
Deep Dive
How Amazon's Whole Foods deal could spoil Target's grocery ambitions
The mass merchant's grocery business has struggled with spoilage and turnover. With Amazon moving fast into brick-and-mortar grocery retailing, it's now or never for Target to carve out a defensible position.
By Corinne Ruff • June 20, 2017 -
Lululemon invests in high-tech cycling wear startup 7mesh
The companies share a commitment to innovative fabrics, and Lululemon is on the hunt for growth.
By Daphne Howland • June 20, 2017 -
Hubba launches group discussion forums for retailers, brands
Small merchants can trade learnings and share advice through new Hubba Group discussion forums on a variety of retail topics.
By Dan O'Shea • June 20, 2017 -
Ulta opens its 999th store on Chicago's 'Mag Mile'
Ulta plans to open approximately 100 net new stores this year with the ultimate goal of 1,400 to 1,700 locations.
By Daphne Howland • June 19, 2017 -
Papaya becomes latest teen apparel retailer to file for bankruptcy
The California-based retailer, which went through a rapid expansion in recent years only to run into a sales drought hitting retailers across sectors, hopes to stay in business.
By Ben Unglesbee • June 19, 2017 -
J. Crew speeds up timeline for refinancing moves
That its securities have risen since its debt swap announcement last week suggests bondholders are amenable to the plan to trade notes for equity and new bonds.
By Daphne Howland • June 19, 2017 -
Deep Dive
Amazon vs. Walmart: Why the Whole Foods deal escalates the war for the American shopper
The deal gives Amazon a big brick-and-mortar footprint in the grocery business it's trying to disrupt.
By Laura Heller • June 19, 2017 -
Sports Direct completes takeover of Eastern Mountain Sports, Bob's Stores
The U.K. sports retail company will expand product lines available to U.S. stores and websites, including the debut of an extensive portfolio of European brands.
By Daphne Howland • June 16, 2017 -
Amazon to buy Whole Foods in $13.7B deal
The online giant is buying the organic and natural foods pioneer as it faces growing competition from Kroger, Walmart and other retailers.
By Christopher Doering • June 16, 2017 -
Mattel looks to get leaner and nimbler
While not approaching the speed of fast fashion, plans include a supply chain revamp and a focus on its core brands, including American Girl, Barbie and Fisher Price.
By Daphne Howland • June 16, 2017 -
Target debuts remodeled stores
The discounter is debuting remodeled stores in Dallas, the first in a $7 billion three-year store overhaul.
By Daphne Howland • June 16, 2017