The CEO shake-up comes as the retailer struggles to balance its steep debt load.
But shares dropped more than 10% Thursday as investors worried the retailer would have a weak holiday season.
Now that it's back in the fuel center business, the retailer is able to capitalize on the fresh-focused, grab-and-go convenience these smaller formats can offer.
Canadian athleisure brand Lululemon has boosted its outlook for the full year following better than expected third-quarter figures. In the three months to October 29, the retailer posted a net revenue rise of 14 per cent to £461.7 million, exceeding analysts estimates of around £455 million
The chief executive of discount retailer Poundworld, Gerry Gray, has stepped down after less than two years in the role.
What's more, almost four out of every 10 (38%) of the retailer's lost customers shopped at Old Navy instead, according to research from 1010data.
Deborah Yeh, SVP of marketing and brand at Sephora, gave Retail Dive a glimpse into three of the retailer's most dynamic marketing moves.
Even a strong performance by Madewell couldn’t save J.
Lowe’s Companies got a boost from hurricane-related spending as the retailer topped Street estimates and delivered a strong performance in its third quarter.
Despite earnings falling nearly 70% in the third quarter, investors sent the retailer’s shares up more than 15% on Friday after its newborn digital effort gains traction.