Financial News: Page 20
-
Courtesy of Puma
ColumnThe Weekly Closeout: Puma plots design space in LA, Bank of America downgrades Figs
The athletics brand said the studio will open in 2025, while spending pullbacks contributed to the scrubs brand’s recent negative rating.
By Retail Dive Staff • April 5, 2024 -
Courtesy of FullBeauty Brands
FullBeauty Brands acquires plus marketplace Dia & Co.
Within the past year the company also purchased Eloquii and Cuup, expanding its portfolio of plus and size-inclusive labels.
By Tatiana Walk-Morris • April 4, 2024 -
sabthai via Getty Images
Shoes for Crews files for Chapter 11 bankruptcy
The non-slip shoe company secured $30 million in debtor-in-possession financing and intends to sell the business.
By Nate Delesline III • April 4, 2024 -
Daphne Howland/Retail Dive
Levi’s gains momentum as Beyoncé name-checks the brand on her new album
Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.
By Daphne Howland • April 4, 2024 -
Courtesy of Grown Alchemist
L’Occitane sells Grown Alchemist 2 years after acquiring the brand
André Hoffmann, L’Occitane Group’s former CEO and vice chairman, has bought a controlling majority stake in the skin care brand for 28 million euros.
By Caroline Jansen • April 3, 2024 -
Courtesy of Tupperware
Tupperware flags accounting strains in late 10-K notice
The notice comes roughly five months after the brand said its former independent auditor PricewaterhouseCoopers declined to be re-appointed.
By Maura Webber Sadovi • April 2, 2024 -
J.Sciulli/WireImage for Evolutionary Media Group via Getty Images
Boardriders to lay off more than 600 by the end of April
The cuts include C-suite execs and bring the total affected in California to nearly 700 since the company was acquired by Authentic Brands Group.
By Laurel Deppen • April 2, 2024 -
Guess announces $200M share repurchase program
The board also approved the restructuring of its debt — the third time the apparel retailer has taken such move in 12 months.
By Nate Delesline III • April 1, 2024 -
Courtesy of Lands' End
Lands’ End lays off 10% of corporate workforce
Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.
By Nate Delesline III • March 29, 2024 -
Daphne Howland/Retail Dive
Despite last year’s declines, Torrid could grab more market share
The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.
By Daphne Howland • March 29, 2024 -
Daphne Howland/Retail Dive
H&M Group plans to invest more in physical stores, including refurbishing 250 globally
The fast-fashion company has been shuttering hundreds of locations and growing its e-commerce, but said the pace of closures will slow this year.
By Daphne Howland • March 28, 2024 -
Oatawa via Getty Images
E-commerce deal count fell more than 50% in 2023: PitchBook
Even as trends improved in the back half of the year, overall deal count and value fell last year compared to 2022.
By Howard Ruben • March 27, 2024 -
Daphne Howland/Retail Dive
GameStop cuts undisclosed number of jobs as Q4, full-year sales fall
As pressure mounts on the sector from declining hardware sales and rising streaming subscriptions, analysts question the retailer’s long-term survival.
By Nate Delesline III • March 27, 2024 -
Courtesy of Canada Goose
Canada Goose cuts corporate workforce by 17%, shakes up executive roles
As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.
By Daphne Howland • March 26, 2024 -
Courtesy of Academy Sports and Outdoors
Academy Sports and Outdoors plans up to 180 store openings over the next five years
The retailer said it sees a long-term potential to operate over 800 stores nationwide.
By Nate Delesline III • March 26, 2024 -
Permission granted by Lalo
Lalo secures equity investment round
The round, led by consumer venture group Forecast Labs, will be used to boost sales and explore growth opportunities in retail.
By Howard Ruben • March 26, 2024 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL to open 9 stores this year
The company also has plans for future locations as it builds out a strategy to meet customers where they live, according to CEO Harvey Kanter.
By Tatiana Walk-Morris • March 25, 2024 -
Nate Delesline III/Retail Dive
Target doubles bonuses for salaried employees
The move comes as competitors, namely Walmart, sweeten their benefits.
By Nate Delesline III • March 22, 2024 -
Courtesy of Cyklar
The Center adds body care brand Cyklar to its portfolio
The beauty accelerator, which houses brands like Saltair and Phlur, has partnered with the Claudia Sulewski-founded brand.
By Howard Ruben • March 22, 2024 -
Daphne Howland/Retail Dive
Nike addresses flaws in DTC strategy as Q3 revenues come in flat
CEO John Donahoe said the sportswear brand “is not performing at our potential” and needs to lean back into wholesale and product innovation.
By Cara Salpini • March 22, 2024 -
Daphne Howland/Retail Dive
Has Lululemon peaked?
Growth in North America has slowed, but analysts aren’t worried, given the brand’s innovation, past nimbleness and potential abroad.
By Daphne Howland • March 22, 2024 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Layoffs at Walgreens and what would it mean if Nordstrom went private?
The drugstore chain closed two distribution centers. Meanwhile, go-private rumors at the department store could have been sparked by Macy’s.
By Retail Dive Staff • March 22, 2024 -
Permission granted by Chewy
Chewy posts 4.2% sales gain in Q4 even as active customers decline
The online pet retailer benefited from sales in the non-discretionary and health categories, as well as its Autoship subscription service.
By Caroline Jansen • March 21, 2024 -
Courtesy of Five Below
Five Below scales back self-checkout to fight shrink
Hiring more store associates will improve customer service and help fight what executives said was an unexpectedly high level of inventory loss.
By Daphne Howland • March 21, 2024 -
Daphne Howland/Retail Dive
J. Jill manages to expand its fleet, by one store
The women's apparel retailer saw decent sales during the holiday quarter, thanks in part to an extra week, and boosted its margins.
By Daphne Howland • March 20, 2024
Previous
