Hudson’s Bay Investors Propose Go-Private Deal
"Improving HBC's performance will require significant time and patient long-term capital that is better suited in a private company context."
J.Jill ‘Disappointed’ with First Quarter Financial Results
The retailer fell short on earnings and revenue last quarter and same-store sales dropped more than 3%.
JCPenney Reports Steep Drop in First Quarter Sales
The company’s CEO remains optimistic about the retailer’s future.
Ascena Retail to Close All Dressbarn Stores
"The decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability."
Pier 1 Imports Hires Turnaround Expert as CFO
Deborah Rieger-Paganis says she is "committed to instilling financial discipline across the organization as we work to drive a successful turnaround."
Diesel USA Files Chapter 11 Amid Heavy Losses
The seller of Italian jeans said a misconceived turnaround strategy caused it to enter into expensive, long-term leases for retail locations.
Lowe’s Posts Mixed Results, Sees Spring Surge
CEO Marvin Ellison says the retailer's turnaround is progressing, citing "results we are seeing in early spring categories."
Macy’s to Cut Top Jobs as Part of Savings Plan
The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.
CVS Health Shares Dip 8% on Guidance Miss
“People are finally starting to understand that this isn’t a transition year [for CVS], it’s a transition decade,” one analyst says.
Payless to File Bankruptcy, Shutter U.S. Stores
A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.