Financial News: Page 67
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CVS fires employees over handling of harassment claims
CEO Karen Lynch is overseeing a new office to handle future complaints "confidentially and with the utmost importance."
By Ben Unglesbee • March 14, 2022 -
How retailers are reacting to the invasion of Ukraine
As companies halt shipments to Russia and shut down their e-commerce sites in the country, we're tracking what retailers are doing in response.
By Retail Dive Staff • Updated March 21, 2022 -
House refers Amazon to DOJ for 'potential criminal conduct'
Judiciary committee members allege that the e-commerce giant's executives lied during an investigation into its competitive practices.
By Ben Unglesbee • March 11, 2022 -
Express, ready for a comeback, is opening more stores
Pre-pandemic, the retailer was near bankruptcy. Now it's attracting new customers and regaining lapsed ones as people buy clothes again.
By Daphne Howland • March 11, 2022 -
Ulta plans to open 250 more Target shop-in-shops this year
2021 was a year of growth, as net sales at the beauty retailer surged more than 40% over 2020 and expanded by over a billion dollars from 2019.
By Cara Salpini • March 11, 2022 -
Column
The Weekly Closeout: More retailers halt sales in Russia
As the war in Ukraine continues, brands including Crocs and Skechers are joining others that have stopped shipments to Russia, shut down their websites in the country or taken other measures.
By Retail Dive Staff • March 11, 2022 -
Amazon halts sales in Russia amid Ukraine invasion
The e-commerce giant joins a host of other brands, retailers and tech companies pulling back from the country.
By Ben Unglesbee • March 10, 2022 -
Retail tech provider Swiftly raises $100M
The company, which helps drive digital shoppers to grocery stores, plans to expand its workforce by about 50%, said Chief Technology Officer Sean Turner.
By Sam Silverstein • March 10, 2022 -
The pandemic rattled off-price retail in Q4
Supply chain woes, brands' DTC efforts and rising inflation are also challenging a sector known for its unique advantages.
By Daphne Howland • March 10, 2022 -
After Q2 disappoints, Stitch Fix to introduce search to Freestyle
The apparel e-retailer's departure from its original curated box differentiation is introducing new problems and requiring more tweaks.
By Daphne Howland • March 9, 2022 -
Walmart adds free Spotify to Walmart+, gives membership free to staff
As it adds perks, the retailer is giving its free-delivery subscription to associates, in part so they can sell it to customers based on experience.
By Ben Unglesbee • March 9, 2022 -
Petco posts record sales in 2021 as it leans into wellness and service offerings
The pet retailer opened more vet hospitals, revamped its Vital Care program and acquired the remaining stake in its joint venture with Thrive Pet Healthcare.
By Caroline Jansen • March 8, 2022 -
Kohl's wants to transform from a department store into 'a focused lifestyle concept'
The retailer will open 100 smaller, hyperlocal stores and grow its new Sephora shops into a $2 billion business. The activists on its case aren't impressed.
By Daphne Howland • March 8, 2022 -
Dick's touts 'incredibly strategic' relationship with Nike as it posts another record year
The relationship with Nike is at an "all-time high," but that's just one of several key partners, and Dick's own private labels are growing as well.
By Cara Salpini • March 8, 2022 -
After early silence, more luxury brands edge away from Russia over invasion of Ukraine
Upscale fashion houses and jewelers have enjoyed growing attention in Russia for decades, but doing business there is becoming untenable.
By Daphne Howland • March 8, 2022 -
Chewy founder Ryan Cohen's new activist target: Bed Bath & Beyond
After shaking up GameStop's leadership, Cohen is pushing Bed Bath & Beyond to sell its BuyBuy Baby unit, and maybe the entire company.
By Ben Unglesbee • March 7, 2022 -
In surprise reversal, Capri nixes CEO succession
John Idol is staying on after all, and Joshua Schulman, who led the Michael Kors brand and was set to move up in September, will leave the company.
By Daphne Howland • March 7, 2022 -
Gap escaped worst-case with supply chain dragging on Q4
The apparel seller plans to diversify its manufacturing and shipping profile to avoid further calamities like last year's.
By Ben Unglesbee • March 4, 2022 -
'In support of the people of Ukraine,' TJX will sell minority stake in Russian off-pricer
Over two years ago, the company paid $225 million for a non-controlling 25% share in the retailer, which runs 400 stores in Russia.
By Daphne Howland • March 4, 2022 -
Victoria's Secret CEO: 'The haters have gone away'
Building on strength during the fourth quarter, the lingerie company has plans for more off-mall stores and a new tween line. But how real are its changes?
By Daphne Howland • March 3, 2022 -
Best Buy Q4 sales fall on inventory gaps
The retailer is placing a bet on its new membership and burgeoning advertising business as it laps a stellar year for consumer demand.
By Ben Unglesbee • March 3, 2022 -
Size matters: How Walmart and Target dominated amid disruption, inflation
Both retailers leaned on their scale to get goods on shelves and keep prices low, at least relative to the industry.
By Ben Unglesbee • March 3, 2022 -
Nordstrom promises momentum in 2022 after steady holiday quarter
After posting healthy margins and profits, the retailer is raising expectations for its full-line and off-price businesses, but some analysts are skeptical.
By Daphne Howland • March 2, 2022 -
Target plans $5B investment in operations, including 30 new stores
After growing its sales and stealing market share in recent years, the retailer is still hungry for new markets and customers.
By Ben Unglesbee • March 2, 2022 -
Can Sephora do for Kohl's what it couldn't do for J.C. Penney?
After a weak Q4, the department store is relying on the beauty retailer for growth. But that wasn't enough for J.C. Penney.
By Daphne Howland • March 1, 2022