Strong CVS pharmacy results belie retail weakness

The drugstore chain is in danger of falling behind rivals that are beefing up their retail operations, warns GlobalData Retail.

By Daphne Howland • Feb. 9, 2017

NRF forecasts 2017 retail sales growth, but border tax could wreak havoc

NRF Chief Economist Jack Kleinhenz warned that drastic policy changes could undermine consumer confidence and called for clarity that would help both consumers and businesses.  

By Daphne Howland • Feb. 9, 2017

Nordstrom rises after Trump blasts decision to drop daughter's merchandise line

The department store retailer reiterated that it’s dropping Ivanka Trump-branded merchandise due to performance, not politics.

By Daphne Howland • Feb. 9, 2017

BCBG preparing for possible Chapter 11 filing

The upscale retailer is closing 120 stores, mostly in the U.S., and holding liquidation sales.

By Daphne Howland • Feb. 8, 2017

Michael Kors turnaround lags on sales, wholesale declines

CEO John Idol said that the apparel and accessories maker is looking at possible acquisitions, and "probably won't do anything small."

By Daphne Howland • Feb. 8, 2017

Walgreens CIO exiting to launch retail marketing startup

Under Abhi Dhar's leadership, the drugstore retailer developed a number of tech solutions, including proprietary mapping analytics technology, mobile printing for photo customers and mobile loyalty capabilities.

By Daphne Howland • Feb. 8, 2017

Gap surprises with strong holiday, lifts guidance

Same-store sales rose 2%, compared with a decline of 7% last year, as the flagship Gap brand joined Old Navy in compensating for faltering Banana Republic.

By Daphne Howland • Feb. 7, 2017

Lone bidder Boohoo snags bankrupt Nasty Gal for $20M

Competing bids for the edgy apparel retailer were due Feb. 2, but none were submitted, and a scheduled auction has been canceled. 

By Daphne Howland • Feb. 7, 2017

Sears' mounting debt load signals new financial stress

The $200 million secured standby letter of credit facility provided by CEO Edward Lampert’s hedge fund late last year is beginning to seem like chump change in relation to the retailer's growing financial needs.

By Daphne Howland • Feb. 7, 2017

Reports: Belk drops Ivanka Trump merchandise, Macy's pressured to follow suit

Retailers are usually loathe to take a stand on hot button issues, but the current political climate is proving to be too much to handle.

By Daphne Howland • Feb. 7, 2017

Diversification key for mall developers as retail landscape evolves

With traditional anchors beset by mounting competition from big-box outlets, off-price and e-commerce, it's time to rethink the very definition of a mall — or else.

By Kenneth A. Rosen and Eric S. Chafetz • Feb. 7, 2017

Eastern Outfitters files for Chapter 11 bankruptcy

The sports retailer is the latest private equity-owned company to file for bankruptcy.

By Daphne Howland • Feb. 6, 2017

Tiffany CEO Cumenal exits following sales slump

Chairman of the Board Michael J. Kowalski, who ceded the CEO post in 2014, will return as interim CEO while the upscale jeweler searches for a successor.

By Daphne Howland • Feb. 6, 2017

Dollar General touts 10k new jobs amid massive expansion

Most retailers are eliminating positions amid store closures and bankruptcies: U.S. corporations cut 45,934 jobs in January, and retailers accounted for nearly half of them.

By Daphne Howland • Feb. 6, 2017

Bebe to shutter 25 stores

The struggling apparel retailer announced that second quarter same-store sales fell 10.5% from the year ago period, and it's focusing on cutting costs and its wholesale business overseas.

By Daphne Howland • Feb. 6, 2017

GNC mulling lawsuit against Fox over yanked Super Bowl ad

The 30-second spot — which reportedly cost the supplements retailer $5 million — was intended to be the latest step in a major rebranding effort.

By Dan O'Shea • Feb. 5, 2017

Hudson's Bay reportedly in talks to acquire Macy's

The Wall Street Journal reports negotiations between the companies remain preliminary, and address outright acquisition as well as a deal for Macy’s real estate and even potential partnership opportunities.

By Jason Ankeny • Feb. 3, 2017

J. Crew sues lenders over capital restructuring plans

The retailer is in discussions with creditors to renegotiate its approximately $2 billion debt load and plans to transfer its intellectual property to an unrestricted Cayman Islands subsidiary.

By Daphne Howland • Feb. 3, 2017

Nordstrom winding down sales of Ivanka Trump merchandise

The move is a reflection of the brand’s poor sales, the retailer says. But the Grab Your Wallet campaign, which petitions businesses to boycott Trump family products, has declared victory.

By Daphne Howland • Feb. 3, 2017

Report: Macy's, The Limited lead January job losses

New Year layoffs have become a standard for retailers, as they shutter stores and revamp operations in the omnichannel age, according to Challenger, Gray & Christmas.

By Daphne Howland • Feb. 3, 2017

Abercrombie & Fitch finally names a CEO

Fran Horowitz led the turnaround of the embattled teen apparel retailer’s Hollister brand in her previous role as president and chief merchandising officer.

By Daphne Howland • Feb. 3, 2017

Amazon's exploding marketing, shipping costs outpace Q4 revenue growth

The e-commerce kingpin took a hit on Wall Street when it reported fourth quarter sales of $43.7 billion, up 22% year-over-year but missing analyst expectations for $44.68 billion.

By Daphne Howland • Feb. 2, 2017

UPDATE: Wet Seal files for second bankruptcy in 25 months

The teen apparel retailer's filing lists assets between $10 million and $50 million, along with liabilities of $50 million to $100 million.

By Corinne Ruff and Daphne Howland • Feb. 2, 2017

Restoration Hardware slaps Crate & Barrel with lawsuit over trade secrets

The suit alleges that former RH executives brought with them proprietary knowledge of food and beverage operations when they defected to Crate & Barrel.

By Daphne Howland • Feb. 2, 2017

Macy's stock surges on sale rumors

The embattled retailer jumped 5% in Thursday morning trading following a report stating it is in discussions to sell to a private equity firm to skirt a potential battle for control of its board of directors.

By Daphne Howland • Feb. 2, 2017