Financial News: Page 63
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Dollar Tree taps former Dollar General execs for help with supply chain, merchandising
The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.
By Ben Unglesbee • May 12, 2022 -
Retail tech funding drops 11%: report
Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.
By Tatiana Walk-Morris • May 12, 2022 -
Allbirds' first wholesale deals are with Zalando and Public Lands
The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.
By Cara Salpini • May 11, 2022 -
Kohl's board survives activist challenge
Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.
By Daphne Howland • May 11, 2022 -
Shoes.com website trades hands again, this time to DSW owner
The domain has been bought and sold by industry players the past two decades, with Walmart and a private equity firm among its most recent owners.
By Ben Unglesbee • May 10, 2022 -
Simon Property Group 'focused internally' as short-term leases rise
CEO David Simon told analysts to ignore acquisition rumors, presumably regarding reports the REIT has bid on Kohl's, and said shorter agreements are part of a strategy.
By Daphne Howland • May 10, 2022 -
Party City misses estimates, sees more helium pain ahead
Sales and profits suffered as consumers reacted to omicron, inflation, war and the end of government stimulus measures.
By Ben Unglesbee • May 9, 2022 -
Under Armour expects protracted supply chain challenges to temper sales
The sportswear brand has been strategically canceling orders as COVID-19 disrupts China and delays and capacity shortfalls persist.
By Ben Unglesbee • May 6, 2022 -
Adidas aims to fill the Nike gap at Foot Locker with expanded partnership
The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025.
By Cara Salpini • May 6, 2022 -
Wayfair's net loss nears $320M as CFO prepares to exit
Michael Fleisher held the chief finance spot for eight years and will be succeeded by Kate Gulliver, who is the retailer's chief people officer.
By Caroline Jansen • May 5, 2022 -
Walgreens fills out executive team for retail
The company named a new chief marketing officer, chief merchant and chief product officer, all of whom will report to Chief Customer Officer Tracey Brown.
By Ben Unglesbee • May 5, 2022 -
American Dream lost $60M last year
On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.
By Daphne Howland • May 4, 2022 -
Office Depot owner close to decision on sale of retail business as revenue falls
Sycamore Partners and an unnamed suitor have offered to buy the retailer as consumer-facing office supplies specialists wrestle with declining demand.
By Ben Unglesbee • May 4, 2022 -
A third of small retailers can't pay rent as financial struggles spike again
Businesses surveyed by Alignable cited inflation pressures and supply chain disruption as pandemic-era challenges grind on.
By Ben Unglesbee • May 3, 2022 -
Hudson's Bay appoints CFO
Nadira Singh is taking the role at the HBC-owned brick-and-mortar company, recently separated from the department store's e-commerce operations.
By Tatiana Walk-Morris • May 3, 2022 -
Madison Reed raises $33M to expand store footprint
The company plans to have 80 Hair Color Bar locations opened by the end of the year as it moves into new geographical markets.
By Dani James • May 2, 2022 -
G-III takes full ownership of Karl Lagerfeld
The move builds on a partnership launched in 2015, with plans for global growth across channels and category expansion, including jeans.
By Daphne Howland • May 2, 2022 -
Amazon to get a hearing on its objections over Staten Island union vote
The company complained that staff at the National Labor Relations Board in Brooklyn compromised the vote by workers to unionize.
By Ben Unglesbee • May 2, 2022 -
Authentic Brands Group sues checkout startup Bolt
ABG alleges Bolt's software services led to technology failures and lost sales, but Bolt denies the claims.
By Caitlin Mullen • April 29, 2022 -
Amazon's e-commerce retail sales fall 3% in Q1 as consumers return to stores
The company said that Prime Day will take place in July, and some analysts say it may host a second one to make up for its muted sales.
By Daphne Howland • April 29, 2022 -
Retrieved from Overstock on May 12, 2021
Overstock sales fall 19% as macro challenges hit home
The drop in revenue was larger than the company anticipated, which it said could be due to consumers reacting to inflation and the war in Ukraine.
By Ben Unglesbee • April 29, 2022 -
Column
The Weekly Closeout: Coty winds down Russian operations and The North Face repurposes scraps into gear
In 2021, the country accounted for about 3% of Coty's sales. Meanwhile, The North Face's latest sustainability effort turns factory scraps into new products.
By Retail Dive Staff • April 29, 2022 -
Mattel posts another 'blowout' quarter amid reported buyout interest
The company is cutting deals, growing market share and otherwise flexing its muscles. Analysts have noticed, as have possible suitors, according to reports.
By Ben Unglesbee • April 28, 2022 -
Mattel reportedly has talked with potential private equity buyers
According to The Wall Street Journal, the toy giant has had early-stage discussions with Apollo Global Management and L Catterton.
By Ben Unglesbee • April 27, 2022 -
Old Navy, new problem
Once Gap Inc.'s powerhouse, the value brand has faced supply setbacks and a merchandising muddle. Now, it is suddenly in need of a leader.
By Daphne Howland • April 27, 2022