Financial News: Page 48

  • Mannequins grouped together wearing winter clothes in fake snow.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Consumers are hitting the brakes on apparel purchases: UBS

    Department stores and other retailers dependent on clothing sales face a gloomy 2023 and may shutter more locations, according to the analysts.

    By • Dec. 21, 2022
  • Party City storefront
    Image attribution tooltip
    Party CIty
    Image attribution tooltip

    Party City faces NYSE delisting

    The troubled retailer has six months to regain compliance with the New York Stock Exchange’s minimum share price requirement. 

    By • Dec. 20, 2022
  • Deciem's The Ordinary
    Image attribution tooltip
    Courtesy of Estée Lauder
    Image attribution tooltip

    Skincare brands The Ordinary, Dr. Dennis Gross to raise prices

    In social posts giving a heads-up to shoppers, the brands cited the costs of raw ingredients and supply chain logistics as reasons for the change.

    By Dani James • Dec. 20, 2022
  • Hy-Vee Grimes
    Image attribution tooltip
    Jeff Wells/Retail Dive
    Image attribution tooltip

    DSW parent acquires footwear maker Topo Athletic

    The acquisition expands Designer Brands' portfolio of exclusive and private label brands.

    By Nate Delesline III • Dec. 19, 2022
  • Three people in light sage green dresses
    Image attribution tooltip
    Permission granted by BloomChic
    Image attribution tooltip

    L Catterton invests in plus-size DTC brand BloomChic

    The private equity firm, which has steadily grown its portfolio of direct-to-consumer companies, will help the brand during its next stage of growth.

    By Dani James • Dec. 19, 2022
  • Two people hiking single file toward massive rock formations, seen from the back, with a backpack on the person behind.
    Image attribution tooltip
    "Backpacking" by Zach Dischner is licensed under CC BY 2.0
    Image attribution tooltip

    VF Corp mulling JanSport sale: Bloomberg

    Wedbush analysts threw cold water on the company's reported estimate that it could get $500 million for the backpack brand.

    By • Dec. 19, 2022
  • Hasbro livestreaming holiday event
    Image attribution tooltip
    Courtesy of Hasbro
    Image attribution tooltip

    Toy retailers turn to discounts to drive holiday sales, clear inventory

    Themed Lego sets and movie-related action figures are selling well, while board games and Nerf products are down, according to Jefferies analysts.

    By Nate Delesline III • Dec. 16, 2022
  • A screenshot of the virtual game, Build-A-Bear Tycoon, on Roblox.
    Image attribution tooltip
    Courtesy of Build-A-Bear
    Image attribution tooltip
    Column

    The Weekly Closeout: Build-a-Bear enters Roblox and Torrid partners with ThredUp

    The toy company is launching a game where users can become business tycoons, and the DTC apparel company announced a resale program.

    By Retail Dive Staff • Dec. 16, 2022
  • Buildings, cars and a pedestrian are reflected in a store window that says "Black Friday, up to 70% off" in orange letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    November retail sales show the holidays mean heavy promotions this year

    Consumers are spending, but they are keen on getting deals, and retailers are slashing prices as the holiday season winds down.

    By • Dec. 16, 2022
  • Joann store.
    Image attribution tooltip
    Courtesy of Joann
    Image attribution tooltip

    Joann reports third quarter loss, suspends dividend

    After a disappointing Q3 financial performance, the crafts retailer wants to achieve $200 million in cost savings by 2025.

    By Nate Delesline III • Dec. 14, 2022
  • Line up of Revlon products inside of a store with the Revlon sign.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip
    Deep Dive

    What is Revlon’s next chapter?

    The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps. 

    By • Dec. 14, 2022
  • A bright white sign with two red stars, posted on green grass, promises "Sears Hometown we're here to stay."
    Image attribution tooltip
    Dan Keck. (2017). "SEARS HOMETOWN WE'RE HERE TO STAY" [photograph]. Retrieved from Flickr Pro.
    Image attribution tooltip

    Sears Hometown files for bankruptcy amid disputes with ‘new Sears’

    Financial strain and a lack of inventory led to the move, three years after Eddie Lampert-run TransformCo reacquired the home goods chain.

    By • Dec. 13, 2022
  • Pink and clear coated skincare bottles
    Image attribution tooltip
    Courtesy of InnBeauty Project
    Image attribution tooltip

    Skincare brand InnBeauty Project raises $12M

    The direct-to-consumer company has raised funds to promote growth in an industry that has thrived in spite of macroeconomic pressures this year. 

    By Dani James • Dec. 13, 2022
  • A black and white photograph of the US Department of Labor's sign, with its insignia.
    Image attribution tooltip
    Matt Popovich. (2015). "Snowy Labor Department Sign" [photograph]. Retrieved from Flickr.
    Image attribution tooltip

    Los Angeles garment supplier cited for failure to pay workers

    Last week’s finding by the U.S. Department of Labor was the latest in a string of abuses at clothing manufacturers operating in the city.

    By • Dec. 12, 2022
  • A variety of Keds shoes in different colors from the company's Taylor Swift collection.
    Image attribution tooltip
    Courtesy of Keds
    Image attribution tooltip

    Wolverine Worldwide lays off workers, could shed Keds, Wolverine Leathers

    The company recently reorganized its brand group structure and is seeking ways to accelerate cost savings. 

    By Tatiana Walk-Morris • Dec. 12, 2022
  • External shot of a Restoration Hardware storefront.
    Image attribution tooltip
    The image by wpktsfs is licensed under CC BY-SA 3.0
    Image attribution tooltip

    Luxury furniture maker RH acquires two companies

    The company also announced plans to launch editorial content platform RH Media.

    By Nate Delesline III • Dec. 12, 2022
  • Lululemon storefront.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Lululemon touts ‘biggest day ever’ on Black Friday as sales jump 28%

    The brand is already outpacing its five-year growth expectations and appears untouched by inflation.

    By • Dec. 9, 2022
  • An image of Toys R Us' digital world
    Image attribution tooltip
    Courtesy of WHP Global
    Image attribution tooltip
    Column

    The Weekly Closeout: Toys R Us launches NFTs and David’s Bridal debuts loyalty program for teens

    The toy company is releasing 10,000 digital collectibles, featuring its iconic mascot, and the bridal retailer launches a prom loyalty program.

    By Retail Dive Staff • Dec. 9, 2022
  • Chewy, fulfillment center, packer
    Image attribution tooltip
    Permission granted by Chewy
    Image attribution tooltip

    Chewy beats on revenue estimates, swings to a profit in Q3

    While the online pet retailer’s net sales increased 14.5%, analysts remain concerned over the company’s rising customer acquisition costs.

    By • Dec. 9, 2022
  • A bright red facade features a cut-out of the word "Express" at a mall store entrance.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Toys R Us owner takes stake in Express for $260M

    Brand management firm WHP Global and the struggling apparel retailer will form a joint venture to scale and license the brand and expand it internationally.

    By Nate Delesline III • Dec. 8, 2022
  • A GameStop storefront at a mall
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    GameStop CEO says it won’t risk ‘meaningful stakeholder capital’ in crypto

    Despite launching an NFT marketplace and a digital asset wallet, the company 'proactively minimized' its own exposure in the space.

    By Dani James • Dec. 8, 2022
  • Three cell phones are next to each other, each with a different view of a website that runs a resale operation.
    Image attribution tooltip
    Courtesy of Archive
    Image attribution tooltip

    Resale tech company Archive raises $15M in Series A round

    The round comes as the resale market is expected to surpass $80 billion in the coming years.

    By Tatiana Walk-Morris • Dec. 7, 2022
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
    Image attribution tooltip
    Courtesy of Stitch Fix
    Image attribution tooltip

    Stitch Fix shifts to profit focus as sales, client base shrink

    The apparel e-retailer’s customers, under financial pressure, are slowing their box orders and buying less from its Freestyle direct-buy site.

    By • Dec. 7, 2022
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    A look at Bed Bath & Beyond’s tumultuous year

    The distressed home retailer experienced a C-suite shakeout, strategy pivot and a board refresh as it continues to work on turning the business around.

    By • Dec. 7, 2022
  • A chair from Parachute's living room line
    Image attribution tooltip
    Courtesy of Parachute
    Image attribution tooltip

    How DTC retailers performed during Black Friday and Cyber Monday

    Following a rough year within the sector, brands like Wayfair and Parachute reported positive results from the shopping weekend.

    By Dani James • Dec. 6, 2022