Financial News: Page 71
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Lululemon
Omicron weighs on Lululemon's stores, sales
The athleisure seller's CEO said that the pandemic has limited capacity, staff availability and, in some places, store hours.
By Ben Unglesbee • Jan. 10, 2022 -
Courtesy of Mattel
The Weekly Closeout: Fanatics acquires Topps and Barbie goes glam with Balmain
The digital sports platform declared the deal "the foundation of Fanatics Trading Cards business."
By Retail Dive Staff • Jan. 7, 2022 -
Courtesy of Bed Bath & Beyond
Amid supply chain challenges, Bed Bath & Beyond's loss widens
Executives pointed to difficulties around keeping shelves stocked as the retailer's loss grew by more than $200 million from last year.
By Caroline Jansen • Jan. 6, 2022 -
Hasbro names new CEO and COO
The toy and gaming giant promoted two executives to top roles in the company as it navigates transformation and industry disruption.
By Ben Unglesbee • Jan. 6, 2022 -
Daphne Howland/Retail Dive
L.L. Bean to close Tysons Corner store in Northern Virginia
The apparel seller couldn't reach an agreement with its landlord at the mall, where its store is an anchor.
By Ben Unglesbee • Jan. 5, 2022 -
The Container Store acquires Closet Works for $21.5M
The deal builds on the retailer's existing custom closets business and is part of an effort to double its sales, according to CEO Satish Malhotra.
By Caroline Jansen • Jan. 4, 2022 -
Daphne Howland/Retail Dive
Victoria's Secret reiterates Q4 guidance, begins $250M share buyback
The lingerie retailer made dramatic changes last year that are already paying off financially.
By Daphne Howland • Jan. 4, 2022 -
Courtesy of Office Dept
Office Depot parent to sell CompuCom unit for $305M
The company signed a deal to unload its IT services unit for less than a third of the 2017 purchase price as ODP Corp. works to split in two.
By Ben Unglesbee • Jan. 4, 2022 -
Mario Tama/Getty Images via Getty Images
Deep Dive10 retail trends to watch in 2022
Last year upended some trends and accelerated others. What will 2022 bring for retailers?
By Daphne Howland , Ben Unglesbee , Cara Salpini , Kaarin Moore , Caroline Jansen , Maria Monteros • Jan. 4, 2022 -
Courtesy of Blackstone
Griddle maker Blackstone the latest with plans for SPAC-based stock market debut
The company, which so far has released few financial details, says it created and now dominates its corner of the outdoor cooking market.
By Daphne Howland • Dec. 23, 2021 -
Cara Salpini/Retail Dive
Crocs to acquire Heydude footwear brand for $2.5B
Founded in Italy, the brand widens the total market for the clog maker to more than $160 billion, by the company's estimates.
By Ben Unglesbee • Dec. 23, 2021 -
Courtesy of Business Wire
Skechers goes through board shakeout
Four longtime board members are out, a new director is in, and an investment firm is pushing for more cash for shareholders.
By Ben Unglesbee • Dec. 22, 2021 -
Permission granted by Supergoop
Supergoop sells majority stake to Blackstone
The SPF-focused beauty brand will use the investment to help it launch new products, educate consumers and expand internationally.
By Caroline Jansen • Dec. 21, 2021 -
Cara Salpini/Retail Dive
Vietnam factory closures cause Nike to cancel 130M units
Those factories are now operational and Nike has returned to 80% of its weekly production volume pre-closure, executives said.
By Cara Salpini • Dec. 21, 2021 -
Daphne Howland/Retail Dive
Nordstrom reportedly mulling spinoff of off-price Rack business
Bloomberg reported the move, which would shatter the ecosystem the retailer has forged. But one expert says the off-price business may have to go.
By Daphne Howland • Dec. 21, 2021 -
Cara Salpini/Retail Dive
Brazilian footwear company buys 49.9% stake in Rothy's
A deal between Alpargatas and the popular DTC brand will result in a post-investment valuation of $1 billion.
By Kaarin Moore • Dec. 21, 2021 -
Courtesy of Rite Aid
Rite Aid to close about 60 stores, with more likely to come
With losses mounting again, the drugstore retailer is trying to cut costs as it reevaluates its footprint.
By Ben Unglesbee • Dec. 21, 2021 -
Adeline Kon/Retail Dive/Retail Dive
Q&AThe $500M question: Destination XL's Harvey Kanter and Ujjwal Dhoot
How to spend half a billion dollars in hypothetical money? Executives at the big-and-tall apparel specialist would use it on understanding consumers and speeding up distribution.
By Ben Unglesbee • Dec. 20, 2021 -
Courtesy of Andie
Andie raises $18.5M in Series B funding
The brand touted its high growth in the U.S. and Australia as it seeks to strengthen its omnichannel strategy.
By Tatiana Walk-Morris • Dec. 20, 2021 -
Daphne Howland/Retail Dive
Can this year's department store recovery last?
The sector is having a good holiday season after bouncing back this year as consumers refreshed their closets. But its problems haven't gone away.
By Daphne Howland • Dec. 20, 2021 -
Daphne Howland/Retail Dive
Sears owner plans to sell its corporate HQ
The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.
By Ben Unglesbee • Dec. 17, 2021 -
screenshot of Federal Reserve press conference
'Really healthy' consumers are ready to spend for the holidays, Fed chief says
The pandemic continues to roil the supply chain and labor market, though wage increases aren't fueling inflation, Federal Reserve Chair Jerome Powell said.
By Daphne Howland • Dec. 17, 2021 -
Courtesy of Target
ColumnThe Weekly Closeout: Target to launch 'Bet on Black' startup pitch competition
The retailer will provide mentorship and a total of $500,000 in funding. Meanwhile, Janie and Jack names a new CEO and Bark comes to REI.
By Retail Dive Staff • Dec. 17, 2021 -
Lowe's warns comps could fall by as much as 3% in 2022
The home improvement retailer experienced a boost at the onset of the pandemic, but executives said demand may be waning.
By Caroline Jansen • Dec. 16, 2021 -
Strip centers outpacing traditional malls as physical retail recovers
The decline of department store anchors is just one reason why traffic to legacy shopping centers hasn't fully returned.
By Daphne Howland • Dec. 16, 2021
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