Financial News: Page 102
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Bluestar buys Ascena's Justice brand for $90M
The owner of Hurley, Bebe and Brookstone had to up its bid for the tween brand to buy it at a bankruptcy auction.
By Ben Unglesbee • Nov. 11, 2020 -
Kate Spade turns to Tinder exec for CMO
Analysts have been keeping a close eye on the brand, which hasn't managed to replicate the turnaround executed by its fellow Tapestry brand Coach.
By Daphne Howland • Nov. 11, 2020 -
The top retail C-suite moves of 2020
Here are 10 significant executive leadership changes from a year defined by uncertainty.
By Kaarin Moore • Nov. 11, 2020 -
J.C. Penney's deal with Simon and Brookfield is almost done, but its retail struggles aren't
The retailer's plan to sell itself to landlords has won court approval. Yet operating losses, market share erosion and traffic declines persist.
By Ben Unglesbee • Nov. 10, 2020 -
Nordstrom ties up with Casper to sell products in stores, online
The move adds another DTC brand to the department store's roster and allows it to capitalize on the boom the home category has seen in recent months.
By Caroline Jansen • Nov. 10, 2020 -
What a vaccine could mean for retail
There's finally hope of an end to a pandemic that has destroyed lives and livelihoods and upended consumer behavior. For now, uncertainty still rules.
By Daphne Howland • Nov. 10, 2020 -
Ulta to open 100 Target shop-in-shops
The two powerhouses have ambitious plans for "hundreds more" as they look to meld specialist category experience with ease and convenience.
By Cara Salpini • Nov. 10, 2020 -
Rite Aid leans on pharmacists in rebranding effort
The drugstore is also embracing its potential as a beauty retailer, placing beauty ambassadors in some stores with a "spa-like" environment.
By Daphne Howland • Nov. 9, 2020 -
"Supreme Shibuya" by Michael Casim is licensed under CC BY 2.0
VF snaps up Supreme for $2.1B, eyes brick-and-mortar expansion
The brand now faces the conundrum of how to drive growth while maintaining the scarcity model that has propelled its desirability and profits.
By Daphne Howland • Nov. 9, 2020 -
Party City beats expectations in a disrupted Halloween season
After scaling back its pop-up stores, the retailer was helped by increased sales in decorations and better-than-anticipated costume sales.
By Ben Unglesbee • Nov. 9, 2020 -
Deep Dive
9 make-or-break retail turnarounds to watch in 2021
Companies in transformation and survival mode may be looking for normalcy. But the year ahead holds plenty of unknowns.
By Ben Unglesbee • Nov. 9, 2020 -
Alibaba, Richemont pour $1.1B into Farfetch
The move underscores China's importance to the luxury market and perhaps a newfound level of urgency for upscale brands to embrace digital.
By Daphne Howland • Nov. 6, 2020 -
Retrieved from FFO Home on November 06, 2020
Furniture Factory Outlet files for bankruptcy
The private equity-owned home goods retailer is looking to sell itself in Chapter 11 with a $7 million bid from the company that took over Sears Outlet.
By Ben Unglesbee • Nov. 6, 2020 -
Column
Retail Therapy: Gap misses the mark in post-Election Day tweet
The now-deleted post depicted a half-red, half-blue hoodie getting zipped up with the message, "The one thing we know, is that together, we can move forward."
By Caroline Jansen • Nov. 6, 2020 -
Petco confidentially files IPO papers
The private equity-owned retailer has seen sales and traffic tick up in the COVID-19 era as pet adoption rises and consumers turn to e-commerce.
By Ben Unglesbee • Nov. 6, 2020 -
CVS picks Aetna exec as next CEO
The company's healthcare investments and medical care emphasis continue to pay off, as its traditional retail operations falter.
By Daphne Howland • Nov. 6, 2020 -
What the past decade did to retail
As 2020 comes to a close, Retail Dive analyzed trends in apparel, venture capital and financialization that shaped the industry. Check out the full series.
By Cara Salpini • Nov. 6, 2020 -
"Pet Valu Store, Pittsburgh" by Tony Webster is licensed under CC BY 2.0
Pet Valu to wind down US operations, close all 358 stores
The specialty pet food and supplies retailer is among the latest to cite the COVID-19 pandemic as placing an irreparable strain on its business.
By Caroline Jansen • Nov. 5, 2020 -
"Clarks Shoes, High Street, SUTTON, Surrey, Greater London" by A P Monblat is licensed under CC BY-SA 4.0
Shoe seller Clarks strikes deal to be taken over by private equity firm
Nearly 200 years old, the brand signed a deal meant to help execute a planned restructuring and survive the COVID-19 era.
By Ben Unglesbee • Nov. 5, 2020 -
Amazon and Williams-Sonoma settle legal battle over IP
The home retailer and e-commerce giant reached an undisclosed agreement over a lawsuit that delved into Amazon's use of brand names on its site.
By Ben Unglesbee • Nov. 4, 2020 -
Q&A
Bed Bath & Beyond's chief brand officer on how data-driven marketing helps it thrive
Cindy Davis detailed how the retailer is transforming digital capabilities for customers seeking inspiration as the pandemic keeps them at home.
By Chris Kelly • Nov. 4, 2020 -
5 forces that stripped apparel sales in the last decade
Consumers in the past 10 years changed their clothes, from fast fashion to resale, and shunned formality. That bankrupted a lot of retailers.
By Daphne Howland • Nov. 4, 2020 -
Wayfair's net income shoots up 164% in Q3
The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last.
By Caroline Jansen • Nov. 3, 2020 -
Bankrupt Stein Mart has a $4M bid for its IP
Setting the baseline for a Nov. 18 auction is Retail Ecommerce Ventures, which may keep Stein Mart alive online after liquidation.
By Ben Unglesbee • Updated Nov. 11, 2020 -
Nike increases layoffs at headquarters to 700
In July, the retailer said it would lay off "at least" 500 employees. That number has now grown as the company pursues the next phase of its strategy.
By Cara Salpini • Nov. 3, 2020