Financial News: Page 282
-
Shareholder slams Urban Outfitters' board as 'insular,' urges turnover
The company, however, pushed back against the notion that its board composition was responsible for any stock declines in a note emailed to Retail Dive Tuesday.
By Daphne Howland • May 2, 2017 -
Report: Rue21, lenders in talks ahead of possible bankruptcy
The apparel retailer has missed interest and amortization payments and is seeking new lenders, although analysts say the company can’t take on any more debt.
By Daphne Howland • May 2, 2017 -
Macy's to sell portion of iconic Chicago Loop flagship store
The eighth through the 14th floors of the building, some 700,000 square feet, up for sale could fetch as much as $130 million.
By Daphne Howland • May 2, 2017 -
Barclays: Warehouse, delivery automation critical for AmazonFresh success
Fewer human-centered processes in logistics, including the use of “robot vans,” could drive massive growth for Amazon's grocery service.
By Jeff Wells • May 2, 2017 -
Report: J. Crew draws debt reprieve from Blackstone's credit arm
The apparel retailer's ongoing debt problems are complicating its strategy — financially and operationally — Debtwire analyst Philip Emma told Retail Dive.
By Daphne Howland • May 2, 2017 -
Camping World snaps up bankrupt Gander Mountain
The Illinois-based RV company will likely close more stores than the 32 already being liquidated nationwide.
By Daphne Howland • May 1, 2017 -
Report: Coach may step in with Jimmy Choo bid
After a comeback that has allowed Coach to retake its place as a higher-end brand, the footwear and accessories maker is interested in expansion.
By Daphne Howland • May 1, 2017 -
Report: Party City mulls sale after private equity approach
Just two years after going public, the party supplies and costumes retailer may be taken private again in a leveraged buyout.
By Daphne Howland • May 1, 2017 -
Luxury brand Vince plunges on 'going concern' warning
The high-end apparel maker is struggling amid a turnaround plan focused on addressing design and shipping issues, revamping its stores and ramping up digital engagement.
By Daphne Howland • May 1, 2017 -
Gap CIO stresses fast decision-making during technology transformation
Paul Chapman spoke at the Forbes CIO Summit about the organizational changes he's brought to the retailer's IT team, including integrating corporate and e-commerce IT resources.
By Dan O'Shea • April 30, 2017 -
Starbucks brews growth with bet on mobile ordering and payments
The company said 1,800 of its U.S. stores had 20% or more of peak transactions from Mobile Order & Pay near the end of the quarter.
By Dan O'Shea • April 30, 2017 -
VF falls short in Q1 amid pressure to add more brands
CEO Steve Rendle last month said the company will focus on "organic growth" over acquisitions, although they remain a key piece of its strategy.
By Daphne Howland • April 28, 2017 -
UPS, Amazon invest heavily in logistics networks to keep up with e-commerce
Executives from the two companies emphasized the role warehouses and technology will have in keeping costs down amid rising volumes during their respective earnings calls.
By Edwin Lopez • April 28, 2017 -
Simon Property Group CEO urges retailers to reinvest in stores
David Simon told analysts Thursday that over-investing in e-commerce is hurting retailers and private equity owners are making things worse by piling on debt.
By Daphne Howland • April 28, 2017 -
New York & Co pushes back against activist investor
Kanen Wealth Management LLC recently penned a letter to “highlight the losing record of the board of directors and company management” and demand a new independent director.
By Daphne Howland • April 27, 2017 -
Boxed automates fulfillment center, retrains workers for new jobs
The e-commerce retailer has automated its New Jersey fulfillment center with robotics, a move expected to result in a six-fold productivity increase.
By Dan O'Shea • April 27, 2017 -
Amazon outshines expectations with 8th straight quarterly profit
The e-commerce giant has some weaknesses to address, however — including an escalating battle with Wal-Mart’s refreshed e-commerce ambitions.
By Daphne Howland • April 27, 2017 -
Barnes & Noble names new CEO for 4th time in as many years
The role had been left vacant since former CEO Ronald Boire abruptly stepped down in August last year.
By Corinne Ruff • April 27, 2017 -
Under Armour beats expectations, but lags behind rivals in North America
The sporting goods retailer rose swiftly in its early years but has now entered a period of muted growth — and Nike and Adidas are eager to grab market share.
By Daphne Howland • April 27, 2017 -
NRF, RILA hail Trump's plan to cut corporate taxes
Considering the dearth of details in the one-page plan, particularly the lack of spending cuts, economists warn the effect on the economy is unpredictable.
By Daphne Howland • April 27, 2017 -
Mindy Grossman departs HSNi for Weight Watchers
Grossman, who is often on retailers’ short lists when they’re in search of a CEO, shepherded the shopping network company through a turnaround and the encroachment of e-commerce.
By Daphne Howland • April 27, 2017 -
Moody's: Retail industry stable despite weaknesses, but profits will be lean
E-commerce is outpacing broader retail growth, but it’s turning out to be expensive, meaning many retailers’ online efforts won’t do much to boost bottom lines.
By Daphne Howland • April 26, 2017 -
Apple unveils new store design in Dubai, marking major shift
The redesign repositions the company’s retail stores as gathering places and hubs for creativity, offering activities such as educational sessions.
By Daphne Howland • April 26, 2017 -
J. Crew shakes up executive roles, slashes 250 jobs — mostly at HQ
The changes come just weeks after longtime creative guru Jenna Lyons announced her departure at the end of the year.
By Daphne Howland • April 26, 2017 -
Rite Aid rises on earnings beat, but Walgreens merger wait drags on
CEO John Standley said delays on the proposed merger have taken its toll on operations.
By Daphne Howland • April 25, 2017