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Tapestry lays off 10% of its workforce
News 1 month ago
Tapestry lays off 10% of its workforce
Source Retail Dive

Tapestry joins several other retail companies in pulling various financial and operational levers to stay afloat during the ongoing COVID-19...

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Stage Stores presses vendors for concessions
News 1 month ago
Stage Stores presses vendors for concessions
Source Retail Dive

Stage Stores was already under financial stress before the COVID-19 pandemic hit. The company had been working on an ambitious plan to rapidly...

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Neiman Marcus: When private equity debt meets a pandemic
News 1 month ago
Neiman Marcus: When private equity debt meets a pandemic
Source Retail Dive

Back when Neiman Marcus still publicly reported its finances, it had a special section in its annual report titled "Risks Related to our...

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DSW, Hy-Vee team up to sell shoes
News 1 month ago
DSW, Hy-Vee team up to sell shoes
Source Retail Dive

Details of the partnership are still being worked out. As of now, shoppers can't buy DSW products on Hy-Vee's website, and the companies did not...

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Stein Mart's private equity takeover gets nixed
News 1 month ago
Stein Mart's private equity takeover gets nixed
Source Retail Dive

Stein Mart's deal with Kingswood would have ended years of stock price declines and provided shareholders an exit (at a 38% premium to its stock...

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RTW Retailwinds CEO-elect, board members step down
News 1 month ago
RTW Retailwinds CEO-elect, board members step down
Source Retail Dive

Inglis was a newcomer to RTW Retailwinds, (formerly New York & Co.) having only arrived last June from TechStyle Fashion Group. She didn't stick...

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J.C. Penney skips $12M interest payment, setting stage for possible bankruptcy
News 1 month ago
J.C. Penney skips $12M interest payment, setting stage for possible bankruptcy
Source Retail Dive

J. C. Penney has touted its ample liquidity to skittish investors in the past months of bankruptcy speculation. The company ended fiscal 2019 with ...

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The tricky business of retail marketing in a pandemic
News 1 month ago
The tricky business of retail marketing in a pandemic
Source Retail Dive

Despite the surge of e-commerce in the last two decades, personal transactions remain the lifeblood of most retailers, big and small. Thanks to the...

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Bed Bath & Beyond sells off One Kings Lane
News 1 month ago
Bed Bath & Beyond sells off One Kings Lane
Source Retail Dive

Like many retailers, Bed Bath & Beyond closed the majority of its 1,500 stores with no plans to reopen until at least May 2 in order to help stem...

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What retail could look like when stores reopen
News 1 month ago
What retail could look like when stores reopen
Source Retail Dive

Tens of thousands of shops have temporarily shuttered across the country - either by choice or government mandate - in an attempt to help stem the...

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Neighborhood Goods to waive in-store fees for brands impacted by the pandemic
News 1 month ago
Neighborhood Goods to waive in-store fees for brands impacted by the pandemic
Source Retail Dive

Neighborhood Goods joins a growing list of companies looking to help small and mid-sized retailers affected by the coronavirus outbreak by offering...

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The retail & hospitality industry and COVID-19: Prepare for the future of work
News 1 month ago
The retail & hospitality industry and COVID-19: Prepare for the future of work
Source Retail Dive

Since the start of the new decade, industry experts across sectors (retail & hospitality, manufacturing, healthcare, and beyond) have spent time...

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J.C. Penney downgraded as pandemic exacerbates debt woes
News 1 month ago
J.C. Penney downgraded as pandemic exacerbates debt woes
Source Retail Dive

J. C. Penney is among the retailers that started out the year in distress, with falling sales, even while the economy overall was in good shape....

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True Religion seeks shelter from pandemic (and rent) in Ch. 11
News 1 month ago
True Religion seeks shelter from pandemic (and rent) in Ch. 11
Source Retail Dive

True Religion is the first major retailer to file amid the disruption to retail caused by the spread of COVID-19. Many more could follow once...

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COVID-19 wreaks havoc on inventories
News 1 month ago
COVID-19 wreaks havoc on inventories
Source Retail Dive

Merchandising in fashion has always been tricky. Once-trendy styles can quickly fall out of favor, leaving over-ordered piles unsold or tagged with...

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Authorities order grocery workers and customers to cover their faces
News 1 month ago
Authorities order grocery workers and customers to cover their faces
Source Retail Dive

The requirements from multiple jurisdictions that grocery store workers and customers cover their faces follow the CDC's advice that people wear...

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COVID-19 will both complicate and accelerate retail bankruptcies
News 1 month ago
COVID-19 will both complicate and accelerate retail bankruptcies
Source Retail Dive

Along with everything else disrupted by the COVID-19 pandemic, add retail bankruptcy to the list. Modell's, which filed in early March, has put its...

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Department stores are most at risk of default, S&P says
News 1 month ago
Department stores are most at risk of default, S&P says
Source Retail Dive

Department stores entered 2020 with a long list of existential troubles. Sales and profits were sliding as mall traffic at middle and low tier...

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Kroger will use checkout technology to limit customer traffic
News 1 month ago
Kroger will use checkout technology to limit customer traffic
Source Retail Dive

Kroger isn't the first grocer to limit the number of shoppers flowing into its stores, but it is the first to highlight the use of store technology...

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Retail sales could remain down by double digits through 2021, Fitch says
News 1 month ago
Retail sales could remain down by double digits through 2021, Fitch says
Source Retail Dive

Fitch's report highlights what is becoming a common, if painful, assumption about the retail market: It's probably going to remain depressed long...

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COVID-19: The ultimate stress test for retailers
News 1 month ago
COVID-19: The ultimate stress test for retailers
Source Retail Dive

Kelsie Marian is a senior director analyst with Gartner's CIO Research Group. Marian's primary focus is advising Tier 1 retailers in the areas of...

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Ulta furloughs store and salon associates as store closures extend
News 1 month ago
Ulta furloughs store and salon associates as store closures extend
Source Retail Dive

Like many companies, Ulta has taken increasingly drastic steps in response to the coronavirus outbreak, starting with suspending its in-store...

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Nordstrom: Prolonged store closures could lead to financial distress
News 1 month ago
Nordstrom: Prolonged store closures could lead to financial distress
Source Retail Dive

The department store sector, already in turmoil as consumers acquire less apparel and turn elsewhere when they do buy it, is especially hard hit by...

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TJX furloughs most of its 286K workforce
News 1 month ago
TJX furloughs most of its 286K workforce
Source Retail Dive

Until now, off-price retail has been immune to many of retail's toughest challenges. The various players, including those in TJX's stable, are...

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Imports reach 5-year low as COVID-19 hits demand and supply
News 1 month ago
Imports reach 5-year low as COVID-19 hits demand and supply
Source Retail Dive

The COVID-19 pandemic has been a double blow for imports and retail as an industry, disrupting supply chains overseas, especially in China where...

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The consumer after COVID-19
News 1 month ago
The consumer after COVID-19
Source Retail Dive

In the past several weeks, retailers haven't seen much of their customers. The extreme lockdown of today will be eased at some point, though it's...

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Consumers aren't adopting mobile wallets, even during the pandemic
News 1 month ago
Consumers aren't adopting mobile wallets, even during the pandemic
Source Retail Dive

Interestingly, the PYMNTS.com report was conducted in the midst of the COVID-19 outbreak, which has seen many retailers turning to technology to...

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COVID-19 forces layoffs at Le Tote, Lord & Taylor
News 1 month ago
COVID-19 forces layoffs at Le Tote, Lord & Taylor
Source Retail Dive

If Le Tote's acquisition last summer of the ailing department store seemed to be the retailer's last, best hope, that may be dashed by the...

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To pay or not to pay: Retailers are making tough decisions on rent and other bills
News 1 month ago
To pay or not to pay: Retailers are making tough decisions on rent and other bills
Source Retail Dive

The retailer followed the Cheesecake Factory in doing so. The restaurant chain said in a regulatory filing that it would not be paying rent on its...

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Prime Day reportedly postponed until at least August
News 1 month ago
Prime Day reportedly postponed until at least August
Source Retail Dive

The COVID-19 pandemic, which has spurred the temporary closure of hundreds of stores and furloughs of thousands of retail workers, at first glance...

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