Financial News: Page 72
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Courtesy of Rebag
Rebag raises $33M, plans more stores for 2022
The company will use the funding to grow its physical footprint and improve its technology.
By Tatiana Walk-Morris • Dec. 16, 2021 -
FatCamera via Getty Images
Retail has more — but slower — growth ahead in 2022: Moody's
After a heady comeback this year, the industry could settle in to a more modest pace, with supply chain, spending changes and debt levels posing some risk.
By Ben Unglesbee • Dec. 16, 2021 -
Adeline Kon/Retail Dive
ColumnSKU'd: The best comedy writing of 2021 was retail's S-1s
"We have a history of losses, and we may be unable to achieve or sustain profitability," was the refrain of companies filing to go public this year. Someone pass the popcorn.
By Kaarin Moore • Dec. 16, 2021 -
Courtesy of Neiman Marcus
Neiman Marcus Group pushes back against e-commerce split
CEO Geoffroy Van Raemdonck on Wednesday emphasized such a move would interfere with what he characterized as a well-integrated operation.
By Daphne Howland • Dec. 15, 2021 -
Flamingo
Marking its first acquisition, Harry's snaps up body odor brand Lumē
Prior to this point, the company focused on incubating and launching its own brands, including Flamingo, Cat Person and Headquarters.
By Cara Salpini • Dec. 15, 2021 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only downgraded by Moody's
The dollar store chain, based largely in the Southwest, has underperformed compared to its peers during the pandemic and struggled to pay down its debt.
By Ben Unglesbee • Dec. 15, 2021 -
Joe Raedle via Getty Images
Dollar Tree hits back at activist investor seeking board revamp
The retailer hurled rhetorical bombs at a fund that wants to replace all of its directors and install a former Dollar General chief as executive chairman.
By Ben Unglesbee • Dec. 14, 2021 -
Courtesy of Nike
Nike acquires virtual sneaker company Rtfkt
The purchase comes on top of several others Nike has made to improve its digital capabilities, including data integration platform Datalogue.
By Cara Salpini • Dec. 14, 2021 -
Tim Boyle via Getty Images
Costco is adding pickup lockers to more stores
The retailer expects to have pickup lockers in more than 200 of its locations by the end of 2022, Chief Financial Officer Richard Galanti said.
By Sam Silverstein • Dec. 13, 2021 -
Retrieved from Pexels on August 09, 2021
Online price hikes hit record high in November: Adobe
Inflation was especially pronounced in apparel, which spiked more than 17% year over year in an inventory-scarce environment.
By Ben Unglesbee • Dec. 13, 2021 -
Courtesy of Shoe Carnival
How Shoe Carnival became a billion-dollar brand — and counting
The footwear retailer is stepping up with revamped stores, a strategic acquisition and big goals set by new CEO Mark Worden.
By Daphne Howland • Dec. 13, 2021 -
Permission granted by Chewy
Chewy delivers 24% sales growth as demand remains strong
But industrywide challenges like increased freight costs and inflation put pressure on the online pet retailer's gross margin in the third quarter.
By Caroline Jansen • Dec. 10, 2021 -
Cara Salpini/Retail Dive
Lululemon's sales and profits surge despite freight costs
The athleisure brand's recent tech acquisition, Mirror, is becoming a "distraction." But the retailer's core business is stretching its muscles.
By Ben Unglesbee • Dec. 10, 2021 -
Spencer Platt via Getty Images
GameStop adds inventory, execs, tech offices and millions in losses
The company has opened offices in Seattle and Boston and made more than 200 senior hires as it pursues a vaguely outlined transformation.
By Ben Unglesbee • Dec. 9, 2021 -
Torrid braces for rising costs and ongoing pandemic uncertainty after mixed Q3
The plus specialist is gaining market share in part thanks to its new Curve lingerie brand, but stores haven't returned to their pre-pandemic productivity.
By Daphne Howland • Dec. 9, 2021 -
With more than $4M already in hand, FIT plans a social justice center
With the support of retailers including PVH, Capri, Tapestry and Target, the college aims to nurture the ambitions of the BIPOC community.
By Daphne Howland • Dec. 9, 2021 -
Courtesy of Solo Brands
Solo Brands beats expectations in Q3 with revenue up 138%
The company — which operates Solo Stove, Chubbies, Oru Kayak and Isle — saw strong growth in both its DTC and wholesale channels.
By Caroline Jansen • Dec. 8, 2021 -
Courtesy of Stitch Fix
Stitch Fix faces harsh reality of apparel retail in 'messy' Q1
The shift to traditional e-commerce was bumpier than expected. Meanwhile, Chief Product Officer Sharon Chiarella, who arrived in March, is leaving.
By Daphne Howland • Dec. 8, 2021 -
Adeline Kon/Retail Dive
How money shapes retail
A close look into the many ways financial interests and players shape the industry and the lives of companies.
By Ben Unglesbee • Dec. 8, 2021 -
DSW parent sets profit record in Q3
But to sustain its momentum, Designer Brands has work to do in private label and with other initiatives, analysts said.
By Daphne Howland • Dec. 7, 2021 -
Courtesy of Kohl's
Hedge fund pushes Kohl's to consider e-commerce spinoff
Engine Capital, expressing impatience and disappointment with the retailer's stock performance, also said it should contemplate a sale.
By Daphne Howland • Dec. 6, 2021 -
Permission granted by Shoe Carnival
Shoe Carnival acquires Shoe Station for $67M
The regional chain adds some $100 million in sales to a company that aims to be a multi-billion-dollar footwear retailer in the coming years.
By Ben Unglesbee • Dec. 3, 2021 -
Courtesy of Ulta
Ulta’s Q3 sales hit a record $2B as it finishes Target expansion for 2021
COO Kecia Steelman said customers are shopping the entire assortment at the big-box retailer.
By Cara Salpini • Dec. 3, 2021 -
Saeyong Ra, John. (2007). "Sean John" [photograph]. Retrieved from Flickr Pro.
Sean Combs regains control of Sean John brand for $7.6M
The streetwear label was founded by Combs in 1998, who maintained a stake when it was sold to brand holding company GBG five years ago.
By Daphne Howland • Updated Dec. 22, 2021 -
Retrieved from Dollar General on October 08, 2020
Dollar General plans to build 1K new Popshelf stores over next 4 years
The suburban-focused concept has brought higher sales and margin rates, and it adds to a furious pace of expansion for the discounter.
By Ben Unglesbee • Dec. 2, 2021
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