Financial News: Page 67


  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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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 March 14, 2022
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    Daro Sulakauri via Getty Images
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    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
  • A blue Amazon Prime truck bearing the company's logo is parked outside one of its warehouse centers.
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    Dan Kitwood/Getty Images via Getty Images
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    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 March 11, 2022
  • Express Edit storefront on 14th St NW in Washington, DC.
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    Kaarin Vembar/Retail Dive
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    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 March 11, 2022
  • Ulta shop-in-shop at Target
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    Courtesy of Target
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    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 March 11, 2022
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    Omar Marques via Getty Images
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    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's corporate logo
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    Depositphotos_40325215_originalamazon
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    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 March 10, 2022
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    Scott Olson via Getty Images
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    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 March 10, 2022
  • Stitch Fix launches a freestyle service.
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    Courtesy of Stitch Fix
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    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 March 9, 2022
  • Two blue bags with groceries on a doorstep.
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    Courtesy of Walmart corporate blog
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    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 March 9, 2022
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    Petco
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    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 March 8, 2022
  • Kohl's storefront
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    Courtesy of Kohl's
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    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 March 8, 2022
  • A Dick's Sporting Goods store display
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    Courtesy of Dick's Sporting Goods
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    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 March 8, 2022
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    Chris McGrath / Staff via Getty Images
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    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 March 8, 2022
  • A gray and white Bed Bath & Beyond store.
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    Daphne Howland/Retail Dive
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    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 March 7, 2022
  • A Michael Kors storefront.
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    Daphne Howland/Retail Dive
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    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 March 7, 2022
  • A dark blue flag that reads "Old Navy" in white block letters hands vertically on a building in New York City, shown in the righ of a photo. Another building is on the left, with blue sky in the middl
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    Daphne Howland/Retail Dive
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    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 March 4, 2022
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    Daphne Howland/Retail Dive
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    '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 March 4, 2022
  • Picture of Victoria's Secret store sign
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    Daphne Howland/Retail Dive
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    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 March 3, 2022
  • Best Buy expands delivery options.
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    Courtesy of Best Buy
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    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 March 3, 2022
  • delivery vans parked outside of a walmart store with a sign on the wall.
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    Justin Sullivan/Getty Images via Getty Images
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    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 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 March 2, 2022
  • The outside of a Target location in Martinsburg, Virginia
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    Courtesy of Target
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    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 March 2, 2022
  • A planned Sephora at Kohl's experience
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    Courtesy of Business Wire
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    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 March 1, 2022