Financial News: Page 139
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Dollar stores blaze ahead in Q3 with sector opening more than 1,000 new stores
Dollar General, Five Below and Dollar Tree all pushed their sales forward in the period as they tested new merchandising initiatives, including pricier products.
By Ben Unglesbee • Dec. 5, 2019 -
Tiffany shrugs off declines with LVMH in the wings
With the French conglomerate poised to take on the jeweler's challenges, executives and analysts took a breath despite a disappointing third quarter.
By Daphne Howland • Dec. 5, 2019 -
Rent the Runway partners with W Hotels
The clothing rental company will supply a travel wardrobe to guests upon their arrival at the luxury hotels.
By Kaarin Moore • Dec. 5, 2019 -
J. Jill CEO steps down as sales fall nearly 5% in Q3
A retail veteran on the apparel seller's board is taking over as interim chief after Linda Heasley left the company.
By Ben Unglesbee • Dec. 5, 2019 -
Hal Lawton out at Macy's
Leaving his role as president of the department store at a vulnerable time, he'll replace Greg Sandfort as CEO of "rural lifestyle retailer" Tractor Supply.
By Daphne Howland • Dec. 5, 2019 -
Lululemon could reach Nike-like profits, Cowen analysts say
The athleisure brand could hit $1 billion in free cash flows as it looks to grow its men's, women's, digital and international businesses.
By Ben Unglesbee • Dec. 4, 2019 -
Casper builds out exec team
Emilie Arel, former CEO of FullBeauty Brands, steps into the chief commercial officer role and Ben Clark arrives as CTO from Wayfair.
By Caroline Jansen • Dec. 4, 2019 -
Out of compliance: How delisting distracts from a turnaround
The threat of removal from a stock exchange presents struggling retailers with yet another problem. Expect more of it to happen.
By Daphne Howland • Dec. 4, 2019 -
Glossier pops up in 7 Nordstrom locations
The partnership is focused on highlighting the brand's Glossier You fragrance, which is the only product that will be sold at the locations.
By Cara Salpini • Dec. 4, 2019 -
J.C. Penney hires new chief digital officer
The previous digital chief of Pandora Jewelry is stepping into the role at the department store chain, which has been losing online share for years.
By Ben Unglesbee • Dec. 3, 2019 -
Madewell IPO gets the green light from lenders
J. Crew's plan to spin off its denim brand and take it public is on amid a widening loss from underwhelming sales at the namesake brand.
By Daphne Howland • Dec. 3, 2019 -
Marquee Brand's $50M bid for Destination Maternity prevails after canceled auction
The licensing specialist's plan for the apparel retailer would close its remaining 235 locations.
By Ben Unglesbee • Updated Dec. 11, 2019 -
Best Buy, Old Navy, Dick's Sporting Goods see foot traffic gains in 2019
The increase in store visits range from modest to notable, according to a study by Placer.ai.
By Tatiana Walk-Morris • Dec. 2, 2019 -
Best Buy launches e-commerce pickup in 175 New York UPS, CVS locations
About 99% of the retailer's customers live in a ZIP code where next-day delivery is available — up from 80% last quarter, CEO Corrie Barry said.
By Morgan Forde • Dec. 2, 2019 -
Abercrombie & Fitch on track despite Q3 misses
Improved merchandise and marketing give the apparel retailer an edge at the holidays, say analysts, who are also pleased with its shrinking footprint.
By Daphne Howland • Nov. 27, 2019 -
Private equity firm counters Baker-led offer for Hudson's Bay Co
Catalyst previously topped an offer from investors hoping to take HBC private, but this time it also filed a complaint with Canadian regulators.
By Daphne Howland • Nov. 27, 2019 -
Allbirds to Amazon: 'Please steal our approach to sustainability'
In a Medium post, the co-founders of the sustainable shoe brand allege that the e-commerce giant copied its designs, but not its sustainable practices.
By Cara Salpini • Nov. 27, 2019 -
Gap Inc. downgraded by S&P
The credit rating agency's assessment of the apparel retailer is harsh and only adds to growing negativity surrounding its planned Old Navy spinoff.
By Daphne Howland • Nov. 26, 2019 -
Is Under Armour's accounting probe a lot of smoke or the start of a fire?
The company insists its sales management practices were "appropriate," but a federal investigation is just getting underway.
By Cara Salpini • Nov. 26, 2019 -
Best Buy's stores are key to its momentum
The retailer is holding its own in a competitive market, thanks to customers' ability to visit physical locations and get help from well-trained staff.
By Daphne Howland • Nov. 26, 2019 -
A.C. Moore to exit retail business, shutter more than 100 stores
Two years ago the crafts retailer was expanding on and offline, but has now ceased all e-commerce and said rival Michael's will take over up to 40 stores.
By Daphne Howland • Nov. 26, 2019 -
Baker group touts HBC take-private bid as 'best and final offer'
The Canadian company, which has endured since fur trading days, is likely to become a privately held enterprise with an uncertain future.
By Daphne Howland • Nov. 25, 2019 -
EBay to sell StubHub for over $4B in cash
The company will go to ticket marketplace Viagogo in a deal that is expected to close by the end of the first quarter of 2020.
By Kaarin Moore • Nov. 25, 2019 -
Tiffany stockholders approve LVMH acquisition
The deal is expected to close in mid-2020 and comes at a time when the jeweler could use the conglomerate's deep pockets to further its turnaround.
By Daphne Howland • Updated Feb. 5, 2020 -
The Gap Inc. breakup is on despite Old Navy woes
Many analysts were taken aback by the doubling down on plans for a spinoff, and some say it's a worrisome distraction.
By Daphne Howland • Nov. 22, 2019