Financial News: Page 69
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Supply chain challenges a 'speed bump' to Under Armour's growth
Turnaround efforts are bearing fruit, but freight expenses are eating into margins.
By Cara Salpini • Feb. 11, 2022 -
Tapestry CEO: 'We are a different company' than 18 months ago
Revenue increased 18% compared to pre-pandemic levels, primarily driven by the Kate Spade and Coach brands.
By Kaarin Moore • Feb. 10, 2022 -
Activists suggest Kohl's met with Amazon
Macellum Advisors, slamming the retailer's handling of takeover interest, has also nominated 10 candidates to its board.
By Daphne Howland • Feb. 10, 2022 -
The hidden financial risks in retail supply chains
Debt and operational weaknesses in the system could flow upstream as the industry seeks its footing, according to RapidRatings' James Gellert.
By Ben Unglesbee • Feb. 10, 2022 -
Calvin Klein parent PVH hires new CFO as it hones focus on its top brands
The apparel specialist is bringing in Zac Coughlin, a former finance and operations exec at LVMH Group.
By Ben Unglesbee • Feb. 9, 2022 -
Peloton slashes 20% of its corporate workforce and switches CEOs as losses mount
The cycle maker is undergoing painful restructuring cuts with growth slowing and acquisition rumors circling around it.
By Ben Unglesbee • Feb. 8, 2022 -
Nike, Amazon reportedly considering Peloton acquisition
The potential bids come shortly after Blackwells Capital urged the company to consider a sale and called for CEO John Foley to be fired.
By Cara Salpini • Feb. 7, 2022 -
Hasbro comes through a challenging year with revenue up
Price hikes and strong consumer demand more than compensated for supply chain disruptions and freight costs.
By Ben Unglesbee • Feb. 7, 2022 -
Solo Brands CFO to depart
Sam Simmons saw the company through its initial public offering last year, one of many IPOs among DTC brands.
By Daphne Howland • Feb. 7, 2022 -
What retail has in store for 2022
A month into the new year, here are some of the top forces impacting retail, the trends we're watching and predictions for what is to come.
By Retail Dive Staff • Feb. 7, 2022 -
Kohl's slams takeover bids as inadequate, adopts 'poison pill'
Any deal was already seen by analysts as uncertain, and the chances of a financial firm acquiring the department store are now even less likely.
By Daphne Howland • Feb. 4, 2022 -
Amazon hikes Prime membership by $20 to $139
The e-commerce giant is unlikely to lose many customers over the increase, but it will have to keep investing in member perks, analysts say.
By Daphne Howland • Feb. 3, 2022 -
GameStop plots NFT marketplace with Immutable X partnership
The retailer is trying to get a jump-start on the next technological iteration of gaming.
By Ben Unglesbee • Feb. 3, 2022 -
Deep Dive
Kohl's has location, partnerships and a savvy CEO: Why isn't that enough?
Despite the department store's turnaround efforts, activist investors are insisting on dramatic change, including a sale.
By Daphne Howland • Feb. 3, 2022 -
Versace plots nearly 100 new stores as young consumers flock to the brand online and off
At Capri, the iconic Italian brand and Jimmy Choo are thriving, while Michael Kors is in rehabilitation mode.
By Daphne Howland • Feb. 2, 2022 -
Party City gets an upgrade from Fitch as sales improve
After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go.
By Ben Unglesbee • Feb. 2, 2022 -
Walmart deepens healthcare offering with lab test partnership
The retailer will start offering more than 50 tests that customers can request online through an expanded tie-up with Quest Diagnostics.
By Ben Unglesbee • Feb. 1, 2022 -
With fresh funding in hand, Win Brands Group acquires Love Your Melon
Win's CEO Kyle Widrick talks about the company's latest acquisition and its plans for the $40 million it just raised.
By Caroline Jansen • Feb. 1, 2022 -
As 2022 kicks off, store closures are down 65%: Coresight
A slowdown in bankruptcies and a strong consumer have stemmed the tide of closures. Meanwhile, discounters have been on a building spree.
By Ben Unglesbee • Jan. 31, 2022 -
Ralph Lauren turns to Franklin Venture Partners for tech investment strategy
The apparel retailer wants to be on the cutting edge of consumer technology and customer acquisition and invest in women-led companies.
By Daphne Howland • Jan. 31, 2022 -
Farfetch to acquire beauty retailer Violet Grey
The deal comes ahead of the launch of the beauty category on the Farfetch marketplace, which is scheduled for later this year.
By Kaarin Moore • Jan. 31, 2022 -
Deep Dive
Supply chains were made to be broken. Will the industry fix them?
All kinds of things can go wrong with long, complicated networks of firms spanning the globe and often concentrated by geography. Last year, it all went wrong.
By Ben Unglesbee • Jan. 31, 2022 -
9 things you should know about Mattress Firm's IPO filing
The retailer is heavily in debt and gave leadership $135 million in bonuses this September "in recognition of efforts made to emerge from bankruptcy."
By Kaarin Moore • Jan. 31, 2022 -
Column
The Weekly Closeout: Mattel wins rights to Disney Princess and Frozen lines
Hasbro hung on to Star Wars, however, and gained the rights to Indiana Jones. Meanwhile, rumors continue to swirl around a Shein IPO.
By Retail Dive Staff • Jan. 28, 2022 -
Bed Bath & Beyond downgraded by Moody's
The retailer has challenges ahead as the pandemic boom in home goods unwinds and supply chain challenges eat into sales and profits.
By Ben Unglesbee • Jan. 27, 2022