Financial News: Page 69


  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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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 Feb. 11, 2022
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    Daphne Howland/Retail Dive
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    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 Feb. 10, 2022
  • A Sephora at Kohl's location
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    Courtesy of Kohl's
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    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 Feb. 10, 2022
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    Mario Tama via Getty Images
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    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 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 Feb. 9, 2022
  • Peloton bike
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    Courtesy of Peloton
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    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 Feb. 8, 2022
  • Peloton Bike+
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    Courtesy of Peloton
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    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 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 Feb. 7, 2022
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    Courtesy of Solo Brands
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    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 Feb. 7, 2022
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    Spencer Platt via Getty Images
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    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
  • A tree branch frames a Kohl's store on a sunny day.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    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 Feb. 4, 2022
  • Amazon truck loaded for Prime Day.
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    Courtesy of Amazon
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    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 Feb. 3, 2022
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    Spencer Platt via Getty Images
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    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 Feb. 3, 2022
  • Kohl's launched drive-up service during the coronavirus pandemic.
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    Courtesy of Kohl's media gallery
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    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 Feb. 3, 2022
  • A Michael Kors storefront.
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    Daphne Howland/Retail Dive
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    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 Feb. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    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 Feb. 2, 2022
  • A Walmart health superstore
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    Permission granted by Walmart
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    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 Feb. 1, 2022
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    Courtesy of Win Brands Group
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    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 Feb. 1, 2022
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
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    Daphne Howland/Retail Dive
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    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 Jan. 31, 2022
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    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 Jan. 31, 2022
  • Farfetch announces the acquisition of Violet Grey.
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    Courtesy of Farfetch
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    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 Jan. 31, 2022
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    Mario Tama via Getty Images
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    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 Jan. 31, 2022
  • Mattress Firm storefront.
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    Permission granted by Mattress Firm
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    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 Jan. 31, 2022
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    Brandon Bell via Getty Images
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    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
  • A gray and white Bed Bath & Beyond store.
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    Daphne Howland/Retail Dive
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    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 Jan. 27, 2022