Financial News: Page 49

  • Lit-up store windows show mannequins wearing apparel, including dresses on the left and jeans and a jacket on the right. The banner name "J.Jill" is above and to each side of the door.
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    Courtesy of J. Jill
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    J. Jill avoids heavy promotions in Q3

    The women’s apparel retailer, near bankruptcy a couple of years ago, is basing its turnaround on careful merchandising to its target customers.

    By • Dec. 6, 2022
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    Digital Brands closes on $10M stock offer to fund acquisitions

    The DTC conglomerate may at last be close to finalizing its deal to buy women’s apparel brand Sundry, first announced in January.

    By • Dec. 2, 2022
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta ‘uniquely positioned’ to weather inflation

    CEO Dave Kimbell said the retailer has seen no evidence of trading down and is benefiting from its wide array of price points.

    By • Dec. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Party City back in creditor talks amid cash crunch: Bloomberg

    The retailer is once again struggling as consumers pull back amid heavy inflation and its liquidity dwindles.

    By • Dec. 2, 2022
  • A headshot of Jeff Bezos.
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    Courtesy of Amazon
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    Column

    The Weekly Closeout: Supreme ties up with True Religion and could Bezos come back?

    The 22-piece collection features a denim trucker jacket, among other items. Meanwhile, one observer questions if Jeff Bezos could reprise his CEO role.

    By Retail Dive Staff • Dec. 2, 2022
  • Crime scene tape wrapped around a tree in front of a Walmart store.
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    Nathan Howard via Getty Images
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    ‘A mean and cruel supervisor’: Walmart sued for $50M over alleged negligence with gunman

    The lawsuit claims the retailer did not protect customers and workers from the supervisor, who is accused of killing six people at a store in Virginia, despite knowing about his repeated disturbing behavior.

    By Catherine Douglas Moran • Dec. 2, 2022
  • A display window below a blank banner that reads "Victoria's Secret" and contains three photos: A closeup portrait of a person's face, a perfume bottle, and a zoomed out portrait of the person.
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    Daphne Howland/Retail Dive
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    Victoria’s Secret is leaning on discounts to get through the holiday

    CEO Martin Waters said consumer caution will make it “a tough December across retail,” but some of the lingerie giant’s challenges are its own.

    By • Dec. 1, 2022
  • A store sign reads "Everlane" on a red brick building trimmed in concrete and covered by leafy shadows.
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    Daphne Howland/Retail Dive
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    Everlane scores $25M term loan from Gordon Brothers

    The direct-to-consumer brand will use the money to support its growth, all while keeping its focus on sustainability and transparency.

    By Dani James • Dec. 1, 2022
  • A delivery person holds an Amazon box.
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    Courtesy of Amazon
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    Amazon touts record Black Friday weekend sales

    However, the retailer declined to share exact figures from the shopping event.

    By Tatiana Walk-Morris • Dec. 1, 2022
  • Exterior shot of a Dollar General store.
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    Courtesy of Dollar General
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    Dollar General’s sales up 11%, but costs are still tempering profits

    Earnings at the discounter missed estimates, and the company lowered its guidance for the year as supply chain costs and sales mix weigh on margins. 

    By • Dec. 1, 2022
  • A beige stone and brick storefront reads "TJ Maxx" in bright red letters, against a bright blue sky.
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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    TJ Maxx, Marshalls owner is dominating off price

    TJX's dedication to offering name-brand goods is helping it outpace rivals Ross and Burlington, and take more share from department stores.

    By • Dec. 1, 2022
  • A person wearing a camo jacket walks by a gray granite storefront that says "kids" in a blue square and "foot locker" in red letters.
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    Daphne Howland/Retail Dive
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    Foot Locker retools C-suite under Mary Dillon

    The retailer brought on another Ulta veteran in Elliott Rodgers, who is set to become its new COO, while the company’s CFO is headed out. 

    By • Nov. 30, 2022
  • A Petco storefront. There is a white van parked outside and a person walking in the store.
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    Permission granted by Petco
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    Petco pushes sales up 4% in Q3

    The retailer reported its 16th consecutive quarter of comparable sales growth, but its net income took a hit during the period.

    By • Nov. 30, 2022
  • A street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
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    Daphne Howland/Retail Dive
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    H&M slashes 1,500 jobs in cost-cutting effort

    The fast-fashion retailer's profits have been hit by rising prices and a strong dollar, and expense reductions could save some $190 million each year.

    By • Nov. 30, 2022
  • Brown paper wrapped gifts with string ties.
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    Vadym Petrochenko via Getty Images
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    Nike, Lululemon are early holiday winners: report

    Prior to Black Friday, both athletics retailers were seeing double-digit spend growth.

    By Tatiana Walk-Morris • Nov. 30, 2022
  • Neil Cole and Derek Hough talking at a store opening event.
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    John Shearer/WireImage via Getty Images
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    Former Iconix Brand CEO convicted of fraud

    A federal prosecutor said founder Neil Cole “cooked the books” at the branding specialist during his tenure. His attorneys suggested they will appeal.  

    By • Nov. 29, 2022
  • A handful of people using the escalator at an indoor mall
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    Kena Betancur / Stringer via Getty Images
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    Winners and losers of Black Friday 2022

    With inflation looming, consumers waited until the shopping event to get deals on categories like electronics and sought out financing options such as buy now, pay later.

    By Dani James • Nov. 26, 2022
  • A street lamp tilts right as the white storefront of a "Nordstrom Rack" location tilts left, as sun streams in a light blue sky. Vertical bars decorate the building above and below the word "Rack."
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    Daphne Howland/Retail Dive
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    Nordstrom keeps focus on Rack as Q3 beats expectations

    The department store is opening more off-price locations and improving their inventory, but that invites cannibalization of its full-price stores.

    By • Nov. 23, 2022
  • A Dick's Sporting Goods store display
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    Courtesy of Dick's Sporting Goods
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    Dick’s Sporting Goods sales up 50% from 2019

    With comps continuing their steady rise, the retailer “remains a very bright spot in a darkening retail sky.”

    By • Nov. 23, 2022
  • Family Dollar store sign
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    Joe Raedle/Getty Images via Getty Images
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    Dollar Tree sales jump 8% as revamped retailer chases price-wary consumers

    The company has a new bench of leaders and has turned its attention to improving price gaps and its shabbier stores. 

    By • Nov. 23, 2022
  • Best Buy announces new Outlet stores.
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    Courtesy of Best Buy
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    Best Buy’s Q3 ‘less bad’ than feared even with sales and profit slumps

    Discounting is up, inventory is down and consumers are waiting to purchase gifts — it’s beginning to look a lot like pre-pandemic holidays at the retailer.

    By • Nov. 22, 2022
  • Two golden Christmas tree balls on wood.
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    The image by Marco Verch is licensed under CC BY 2.0
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    The holiday clues in October retail sales

    Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers.

    By • Nov. 21, 2022
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    Mooshuu (Flickr)
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    Hasbro looks to unload eOne entertainment studio

    The toy giant bought the business for $4 billion in 2019. It plans to retain some production capabilities to support projects around key brands.  

    By • Nov. 21, 2022
  • Exterior photo of a Ralph Lauren storefront.
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    Cara Salpini/Retail Dive
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    Luxury retailers power through despite strong dollar, shaky economy

    Wealthy consumers are shrugging off inflation and buying high-end goods at higher prices, but that could soften soon.

    By • Nov. 21, 2022
  • Snoop Dogg crouches down next to a car, a dog, and a gold and silver dog bowl looking like a baller.
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    Courtesy of Snoop Doggie Doggs
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    Column

    The Weekly Closeout: Snoop Dogg launches pet brand as athletics retailers jump into virtual goods

    "If my dogs ain't fresh I ain't fresh,” the artist said of his latest business. Meanwhile, Nike and Adidas made major metaverse moves.

    By Retail Dive Staff • Nov. 18, 2022