Financial News: Page 103
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Deep Dive
The decade of VC funding that shaped e-commerce and DTC brands
Direct to consumer might be the buzziest trend in retail over the past 10 years, but it's not where all the money's going.
By Cara Salpini • Nov. 3, 2020 -
CBL, PREIT file for bankruptcy as retail's problems hit mall landlords
Both entered Chapter 11 with pre-negotiated deals with lenders, after COVID-19 brought massive revenue declines to the mall operators.
By Ben Unglesbee • Nov. 2, 2020 -
Chico's shores up finances, digital operations amid store closures
With stricter attention to profitability, the company has permanently closed 28 locations this year and plans as many as 50 more.
By Daphne Howland • Nov. 2, 2020 -
B8ta acquires retail-as-a-service startup Re:store
The deal comes after B8ta announced corporate layoffs during the early days of the pandemic.
By Tatiana Walk-Morris • Nov. 2, 2020 -
Deep Dive
How years of investor-friendly finance left retailers vulnerable to crisis
Public and private companies have transferred billions of dollars to their investors over the years. Could that money have saved their business instead?
By Ben Unglesbee • Nov. 2, 2020 -
Pier 1 relaunches as online store
After liquidating its physical stores in Chapter 11, the home brand's IP and online assets were sold to Retail Ecommerce Ventures for $31 million.
By Tatiana Walk-Morris • Oct. 30, 2020 -
Under Armour to exit up to 3K wholesale doors, sell MyFitnessPal
The moves come as the retailer looks to shift to a more DTC-centered approach and drop undifferentiated partners.
By Cara Salpini • Oct. 30, 2020 -
Pandemic fuels blockbuster Amazon Q3 even without Prime Day
But the e-commerce giant seems to have ceded some market share to rivals, which are logging even higher increases in online sales, analysts said.
By Daphne Howland • Oct. 30, 2020 -
Amazon to hire 100K seasonal workers
Other retailers, like Walmart and Target, have also hired for roles devoted to same-day services or e-commerce fulfillment during the holidays.
By Tatiana Walk-Morris • Oct. 30, 2020 -
Rue21 taps former shopping channel exec as CEO
Bill Brand, tasked with expanding the apparel retailer's e-commerce and "creating unique brand experiences," replaces interim chief John Fleming.
By Daphne Howland • Oct. 29, 2020 -
Walmart launches new test stores to further blend tech and in-store ops
The prototype locations will allow the retailer to quickly experiment with ways to make fulfillment more efficient and move in-store inventory online.
By Ben Unglesbee • Oct. 29, 2020 -
LVMH to buy Tiffany for $15.8B, shaving $400M off the price
The agreement is otherwise unchanged from their previous one, wipes away the companies' dueling lawsuits and is expected to close early next year.
By Daphne Howland • Oct. 29, 2020 -
Podcast
The Backroom: How retailers are navigating holiday 2020
As the season kick-starts earlier than ever, the industry braces for a fourth quarter plagued by uncertainty.
By Retail Dive Staff • Oct. 29, 2020 -
Levi's shuffles senior leadership to focus on digital strategy
As the COVID-19 pandemic shifts spending online, the brand will focus on DTC and the digitization of its operations.
By Tatiana Walk-Morris • Oct. 29, 2020 -
Will toys' pandemic-driven growth continue into the holidays?
The category, struggling since the death of Toys R Us, has gotten a boost this year as desperate parents try to keep their kids entertained.
By Ben Unglesbee • Oct. 28, 2020 -
Bed Bath & Beyond plots 10 private labels as part of turnaround plan
The home goods retailer will invest up to $1.5 billion over the next three years in store remodels, technology and owned brands, among other things.
By Caroline Jansen • Oct. 28, 2020 -
Nordstrom to open 2 more Los Angeles-area Local stores
The pandemic has interfered with the department store's ambitious plans to bring its "market strategy" to more cities.
By Daphne Howland • Oct. 28, 2020 -
'Death of an entity': 10 retailers that liquidated this year
The COVID-19 crisis may have indirectly spared some retailers in bankruptcy. But several were forced to wind down when they couldn't find a savior.
By Ben Unglesbee • Oct. 28, 2020 -
Ross shrugs off pandemic with 39 new stores in 17 states
But the off-price retailer says it's finished adding to its fleet this year after opening 66 stores, far fewer than the 100 it had planned.
By Daphne Howland • Oct. 27, 2020 -
Tapestry sticks with interim CEO permanently
Joanne Crevoiserat, previously the conglomerate's CFO, had taken the top role after the abrupt July departure of Jide Zeitlin.
By Daphne Howland • Oct. 27, 2020 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning opts to go it alone rather than sell itself in Ch. 11
Up until last week, the bankrupt off-pricer hadn't chosen whether to reorganize or hand over the keys to a buyer. It made its choice Monday.
By Ben Unglesbee • Oct. 27, 2020 -
Carter's to close at least 200 stores
The largest U.S. children's apparel company is taking advantage of expiring leases and "kickout provisions" to shrink its fleet.
By Daphne Howland • Oct. 26, 2020 -
Retrieved from PREIT on October 26, 2020
Mall landlord PREIT gets default notice from bank
The real estate company is trying to restructure its debt as COVID-19 accelerates years of revenue declines.
By Ben Unglesbee • Oct. 26, 2020 -
One year in: Mark Tritton's turnaround at Bed Bath & Beyond
Stepping into the role, analysts questioned whether the retailer was too far gone to be saved. But a year later, the CEO's plan is beginning to bear fruit.
By Caroline Jansen • Updated Oct. 30, 2020 -
With plans for 350 store closures, Gap flees the mall
The apparel conglomerate focused on operational improvements at its annual meeting, and made clear its dependence on Old Navy.
By Daphne Howland • Oct. 23, 2020