Financial News: Page 285
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Target's Victoria Beckham collection will include plus sizes in stores
The limited-edition collaboration, launching next month, represents Beckham’s first mass market effort and promises to eclipse the shopper fervor stoked by the retailer’s Lilly Pulitzer effort two years ago.
By Daphne Howland • March 17, 2017 -
Tiffany regains a little sparkle with surprising Q4 rebound
But the upscale jeweler has some distance to go to capture the attention of younger American shoppers, analysts say.
By Daphne Howland • March 17, 2017 -
Honest Co. taps CPG veteran Vlahos as CEO
Nick Vlahos most recently served as executive vice president and chief operating officer at The Clorox Company, which owns natural brands Burt’s Bees and Green Works.
By Daphne Howland • March 17, 2017 -
Guess shuttering 60 underperforming US stores as it expands abroad
Declining mall traffic continues to undermine margins, executives at the fashion brand said.
By Daphne Howland • March 17, 2017 -
Bankrupt Gordmans laying off 600 staffers
The May 12 closure of its Omaha headquarters and distribution centers in Nebraska and Indiana will be permanent, the retailer told state regulators.
By Daphne Howland • March 17, 2017 -
Dollar General sales soar as expansion continues apace
The discount retailer also announced that Executive Vice President and Chief Merchandising Officer James W. Thorpe will retire effective April 15.
By Daphne Howland • March 16, 2017 -
Wal-Mart's Jet to acquire women's apparel site Modcloth
The world's largest retailer continues gobbling up digital upstarts in its ongoing quest to resuscitate its flagging e-commerce efforts.
By Daphne Howland • March 16, 2017 -
Kmart chief exits as Sears Holdings' freefall continues
Alasdair James, president and chief member officer of Kmart since 2014, is the third top Sears Holdings executive to depart within the last three months.
By Daphne Howland • March 16, 2017 -
Report: Activist hedge fund Starboard Value retreats from Macy's
Starboard founder and CEO Jeff Smith in October said that the firm bought into Macy’s “too early” and that it was growing impatient with the retailer's reluctance to develop an aggressive real estate play.
By Daphne Howland • March 16, 2017 -
February core retail sales rose 0.1%
The fact that many consumers are still waiting for tax refunds could foster a correction later in the year, according to GlobalData Retail analyst Neil Saunders.
By Daphne Howland • March 15, 2017 -
Zara owner Inditex smashes sales records, will open hundreds of new stores
Zara's online store will go live in Thailand and Vietnam in the near future, launching in India during the second half of the year.
By Daphne Howland • March 15, 2017 -
Macy's plans suggest it's becoming a discount department store
Incoming CEO Jeff Gennette on Tuesday divulged plans for the future of the department store, which emulate moves by off-price retailers and rivals like Kohl's and J.C. Penney.
By Daphne Howland • March 15, 2017 -
Gap taps former Gymboree chief to lead Banana Republic
Incoming CEO Mark Breitbard previously held several jobs across the Gap organization, including a stint as chief merchandising and creative officer of its Old Navy brand.
By Daphne Howland • March 15, 2017 -
Bringg brings in $10M to further fund delivery management aims
The startup helps retailers, consumer products firms and others streamline their delivery ecosystem and last-mile efforts.
By Dan O'Shea • March 14, 2017 -
Report: Walgreens, Rite Aid prepared to sell more assets to coax FTC in merger deal
The drugstore rivals are willing to unload additional stores as well as distribution centers, software and human resources to regional drugstore chain Fred’s Pharmacy.
By Daphne Howland • March 14, 2017 -
UPDATE: Neiman Marcus reportedly in talks to sell to Hudson's Bay
The luxury department store retailer said it will "explore and evaluate potential strategic alternatives," which may include a sale of the company or other assets.
By Corinne Ruff • March 14, 2017 -
AmazonFresh Pickup stores reportedly poised to open in Seattle
Exterior signs will read “Shop online. Pick up here” and “Relax while we load your groceries.”
By Daphne Howland • March 14, 2017 -
Under Armour poaches GM design guru for chief innovation officer
Clay Dean spearheaded the strategic creative vision behind several of GM's concept cars, serving as the chief designer that produced the Hummer H2, H2 SUT and H3 programs.
By Daphne Howland • March 14, 2017 -
J.C. Penney marketing head Mary Beth West departs for Hershey
The search is on to replace executive VP-chief customer and marketing officer Mary Beth West, who is leaving to return to the food business after two years.
By Daphne Howland • March 14, 2017 -
RILA, Accenture launch tech innovation center
The initiative, which aims to bridge the gap between retailers and startups, includes an advisory council bringing together executives from Best Buy, Dick’s Sporting Goods, Lowe’s, Target, Walgreens, Westfield and Foot Locker.
By Corinne Ruff • March 13, 2017 -
Gordmans files for Chapter 11 bankruptcy protection
The 100-plus year-old discount department store has struggled with sales and is loaded with some $85 million in debt, much of it due in 2020.
By Daphne Howland • March 13, 2017 -
Walgreens fills chief marketing, merchandising vacancies
Adam Holyk and Joe Hartsig will take over for outgoing executive Linda Filler as the drugstore chain awaits word on its planned merger with rival Rite Aid.
By Daphne Howland • March 13, 2017 -
Best Buy denies FBI, Geek Squad techs worked together without warrants
"We have not been trained by the FBI nor have we ever shared customer lists, conducted surveillance or searched customer computers for them," the electronics retailer maintains.
By Daphne Howland • March 13, 2017 -
Target ups data analytics game through series of 'acqui-hire' deals
"Acqui-hires allow us to accelerate both onboarding the right kind of talent, onboarding the right kind of technologies and getting to market much faster," said Target Senior Vice President Paritosh Desai.
By Dan O'Shea • March 12, 2017 -
UPDATE: Bankrupt Gander Mountain closing 30 stores, soliciting bids
The privately held outdoor retailer will begin soliciting going-concern bids for its business in the coming weeks.
By Daphne Howland • March 10, 2017