J.C. Penney swings into the red as Q2 sales plunge
Sep 30, 2024 · Dive Brief: J.C. Penney on Friday reported that Q2 total revenues plummeted 9.2% year over year to $1.5 billion, as total net sales fell 8.9% to $1.5 billion and credit income fell 16.9% to $59 ...
Soft Surroundings files for bankruptcy, will close all stores
Sep 18, 2023 · Dive Brief: Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy in the Southern District of Texas’s Houston Division. The company will close all 44 stores ...
The rise of the Stanley tumbler: How a 110-year-old brand …
Nov 14, 2023 · The rise of the Stanley cup. Stanley’s Instagram page features its drinkware in a rainbow of colors — from soft pastels to vibrant hues. Some products are even adorned with etched patterns to ...
Macy’s delays full Q3 report over millions in fraudulent expense ...
Nov 25, 2024 · The iconic red sign on Macy's flagship in New York City. The department store's preliminary Q3 report suggests fairly strong results, though that was overshadowed by its disclosure of accounting ...
Dollar General plans 800 stores this year as rival Dollar Tree pulls ...
Mar 14, 2024 · Dive Brief: One month after opening its 20,000th store, Dollar General said during a Thursday earnings call that it plans to open 800 more new stores, remodel 1,500 locations and relocate 85 ...
Macy’s taps actress Alison Brie for holiday campaign
Oct 29, 2024 · The Macy’s campaign kicks off as major competitors battle for holiday dollars in the critically important fourth quarter. Old Navy is running stylized holiday house party ads featuring singer ...
Beyond’s $40M investment in The Container Store may be off
Nov 21, 2024 · Beyond’s $40M investment in The Container Store may be off The Container Store’s failure to reach a satisfactory agreement with lenders puts their deal at risk, both retailers warned this week.
Ann Taylor, Loft, Talbots form new KnitWell Group | Retail Dive
Aug 30, 2023 · Ann Taylor, Loft and Talbots have come together under a new holding company dubbed KnitWell Group, according to a Wednesday press release from owner Sycamore Partners. KnitWell will be providing ...
Iconic outdoor retailer Orvis will lay off 8% of workforce, close ...
Oct 9, 2024 · Dive Brief: With the goal of enduring for “another 170 years as a family-owned, purpose-driven brand,” Orvis is laying off 112 employees (about 8% of its workforce), closing some stores and ...
How Amazon and Walmart's head-to-head competition is …
Mar 3, 2021 · Amazon has significantly expanded its business over the last couple of years. Its latest annual report shows that online store sales remain the bedrock of Amazon's business with about $197.35 ...