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Finance & Capital Management

  • Online fashion retailer files Chapter 11

    Competition is fierce in the apparel business — even for online players with a devoted following.   Los Angeles-based women’s apparel retailer Nasty Gal has filed for Chapter 11 bankruptcy protection.      

  • Minimum wage hikes approved in four states

    Retailers and other employers of minimum-wage earners can expect to see their labor costs go up in four states.    Voters in the states of Colorado, Maine, Washington, and Arizona all approved measures to raise their state’s minimum wage in Tuesday’s election.   The biggest hike will be in Maine, where the minimum hourly pay will increase from $7.50 to $12 by 2020, and later increasing with inflation.    

  • Macy’s Q3 profit misses, but retailer sees improving trends

    Macy’s third quarter profit fell short of analysts’ expectations, but the retailer raised its annual sales outlook based on improving trends in its business.    The retailer also announced an agreement with Brookfield Asset Management to monetize the value of its massive real estate portfolio.   

  • Report: Nearly half of retailers falling behind in omnichannel efforts

    Omnichannel adoption is a prerequisite to remain relevant in today’s retail world. Yet, many retailers are still missing the mark.   That is the message delivered in “Five Insights into the Omnichannel Landscape,” a benchmark report from eTail East and WBR Digital.  The study reveals progress among multiple retail sectors, including specialty retail, apparel, and high-end fashion apparel, among others.  

  • Dollar General to build massive new distribution center

    Dollar General is working out details to construct a $91 million distribution center in Orange County, New York.   The chain is eyeing the creation of a 750,000-square-foot distribution hub on a 100-acre site in the town of Florida, N.Y., the Albany Business Review reported.      The building would supply merchandise to 1,000 stores in the Northeast, and could bring more than 500 jobs to the Albany, N.Y., region over the next five years, according to the report.   

  • ELECTION RECAP: Impact on Business

  • Lumber Liquidators names a new CEO

    Lumber Liquidators has not had much luck getting its top executives to stick around as of late.   The company's chief compliance officer, Ray Cotton, quietly resigned in May of 2015.   Then, in November, it elected John Presley as chief executive -- the second time that year it had to change CEOs.  

  • Hhgregg reports Q2 loss; closes five stores

    Consumer electronics and appliance retailer Hhgregg came up short in its second quarter.    It also exited the Wisconsin market.     The company reported a loss of $18.4 million for the quarter ended Sept. 30, with a loss of 66 cents per share. Losses, adjusted for non-recurring costs and asset impairment costs, came to 51 cents per share. The results fell short of Wall Street expectations.  
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