Office Depot shores up profit on cost-cutting moves

CEO Gerry Smith said the retailer is focused on its North America business, which is increasingly being challenged by Amazon on both the retail and the business contracts sides.

By Daphne Howland • May 9, 2017

Walgreens gives FTC ultimatum on Rite Aid merger

The companies' notice of certified compliance forces regulators to make a decision on the merger within 60 days.  

By Daphne Howland • May 9, 2017

Report: Hudson's Bay aims to shrink debt intake from possible Neiman Marcus takeover

Merger talks between the department store retailers have stalled as Hudson's Bay reviews how to avoid taking on Neiman Marcus' full $4.9 billion debt burden.  

By Daphne Howland, Corinne Ruff • May 9, 2017

Lazard steps in to restructure Nine West Holdings' debt

The footwear retailer earlier this year landed on Moody’s Investors Service's list of "retailers at risk," due to the company's "weak operating performance and very high debt and leverage burden." 

By Daphne Howland • May 9, 2017

Express to close all Canadian stores

The specialty apparel retailer, like now-shuttered flagship The Limited, is one of the retailers formerly owned by Les Wexner’s L Brands.

By Daphne Howland • May 8, 2017

JackThreads holds 'Farewell Sale'

It appears to be the end for the struggling pure-play retailer, which laid off most of its staff earlier this year and suspended its “Tryouts” service.

By Daphne Howland • May 8, 2017

Coach snaps up Kate Spade for $2.4B

Coach CEO Victor Luis has said the company is looking to diversify its brand further through expansion deals like its acquisition of footwear brand Stuart Weitzman, and, now, Kate Spade.

By Daphne Howland • May 8, 2017

Camping World CEO: 70 Gander Mountain stores will survive culling

Camping World aims to restart the struggling outdoor retailer with a "clean slate" of inventory, which will involve liquidating most stores and reopening profitable ones.

By Daphne Howland • May 8, 2017

Report: Gymboree to close up to 350 stores in imminent Chapter 11 filing

The children’s apparel retailer has been saddled with debt since Bain Capital took over control in a 2010 leveraged buyout.

By Daphne Howland • May 5, 2017

Report: Retail job losses swelled 36% over last year

Retail sector job cuts are outpacing other industries, according to outplacement firm Challenger, Gray & Christmas. Yet, the federal government found that retail employment changed little in April.

By Daphne Howland • May 5, 2017

Bebe reportedly dodges bankruptcy, will shutter all stores

The women’s apparel retailer was able to ink deals with its landlords to close all of its 180 stores and avoid a Chapter 11 filing.

By Daphne Howland • May 5, 2017

Nordstrom picks Anne Brammam to succeed longtime CFO

Bramman will step into the role in June, replacing 18-year veteran CFO Mike Koppel, who announced his retirement in October.

By Daphne Howland • May 5, 2017

Crate & Barrel taps CEO from parent company Otto Group

Neela Montgomery is taking over less than a month after the abrupt departure of ex-CEO Doug Diemoz.

By Daphne Howland • May 5, 2017

Amazon unveils plans for vast UK tech development center

The center, slated to open in the fall, will focus on work related to devices like the Kindle, Echo Look and others.

By Dan O'Shea • May 4, 2017

Why Hudson's Bay is shopping for a takeover amid 2017's retail bloodbath

As retailers struggle, the Canadian department store conglomerate sees opportunity to buy department stores — perhaps Neiman Marcus.

By Corinne Ruff • May 4, 2017

Profits plummet for struggling Cabela's ahead of merger decision

A merger with Bass Pro Shops increasingly looks like a good deal for the outdoor retailer, whose net income fell 16.7% in the first quarter.

By Daphne Howland • May 4, 2017

Macy's, Tailored Brands untie partnership

The companies teamed up in 2015, but Tailored Brands halted an expansion of the effort in March after it tallied operating losses beyond its expectations.

By Daphne Howland • May 4, 2017

Hudson's Bay CFO to depart this summer

During Paul Beesley's tenure, the department store retailer expanded its real estate and retail portfolios.

By Daphne Howland • May 3, 2017

Report: Private equity firms eye Staples acquisition

Cerberus and Sycamore Partners are said to be interested, while Clayton Dubilier & Rice, Advent International and Bain Capital are apparently backing away.

By Daphne Howland • May 3, 2017

Nasty Gal owner Boohoo taps Stella Hudgens for summer capsule

This is the fourth collaboration the online U.K. apparel retailer has secured with a young celebrity to reach its target consumers.

By Daphne Howland • May 3, 2017

Etsy replaces CEO, cuts jobs after hedge fund harps on missteps

Black-and-White Capital, which owns 2% of Etsy’s shares, wrote in a letter that the company has a lot of work to do to tighten its belt and boost sales. 

By Daphne Howland • May 3, 2017

CVS kicks off 'rebuilding year' with Q1 earnings beat

CEO Larry Merlo and analysts say the year will likely shape up as one of rebuilding rather than advancement for the drugstore retailer.

By Daphne Howland • May 2, 2017

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