Target Names SVP Michael Fiddelke as CFO
The retailer conducted an extensive global search before appointing Fiddelke to succeed Cathy Smith.
Costco Shares Drop on 4th Quarter Sales Miss
The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.
Forever 21 Scaling Back Global Ambitions in Bankruptcy Plan
The "fast fashion" retailer said it would close stores in Canada, Europe, and Asia but continue operations in Mexico and Latin America.
Pier 1 Shares Plunge as Quarterly Loss Doubles
The struggling retailer is expecting same-store sales and gross margin to start improving in the fourth quarter.
Lego Posts 6% Sales Gain, Plans More Stores
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."
Hong Kong Unrest Disrupts Tiffany’s Q2 Sales
The luxury jeweler lost six selling days in its fourth-largest market during the second quarter because of pro-democracy protests.
Online Clothing Reseller ThredUp Gets $175 Million Infusion
The company plans to expand its platform to offer resale services to retailers, and recently announced partnerships with Macy’s and J.C. Penney.
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
Barneys New York Files for Bankruptcy; Closing Most Stores
The luxury department store chain has faced rising rents and unsuccessful attempts to find a buyer.
Amazon to Spend $700 Million to Upskill Employees
The retail and tech giant will expand its training programs to help employees move into more advanced roles.
Pier 1 Stock Plunges as Sales Slump Continues
The retailer is also closing a dozen more stores and could eventually "close up to 15% of our portfolio” of 967 stores.