Financial News: Page 77
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Why retail bankruptcies have stopped dead — for now
Stimulus, vaccines and easy money have lifted even rickety ships in retail. Is it just a wave, or a new era of less distress?
By Ben Unglesbee • Oct. 4, 2021 -
Retail's pandemic bankruptcy bloodbath is over. But these 20 companies are still at risk.
Things are much better in the industry than in recent years. Retail will always be a tough business, though.
By Ben Unglesbee • Oct. 4, 2021 -
Courtesy of Gap Inc.
ColumnThe Weekly Closeout: The Yeezy Gap hoodie looks like a hoodie and Eastbay launches new private label
Kanye's latest Gap offering will ship in two to eight weeks, while Foot Locker's high-school focused brand introduced a performance line.
By Retail Dive Staff • Oct. 1, 2021 -
As it opens more brick-and-mortar stores, Ross hires new CFO
Adam Orvos, the retailer's head of supply chain administration, starts in the role on Friday. His predecessor, Travis Marquette, left for Burlington in July.
By Jane Thier • Oct. 1, 2021 -
Courtesy of Bed Bath & Beyond
Facing traffic declines, Bed Bath & Beyond swings to a loss
The retailer operates in a category that has experienced growth this past year, but falling foot traffic, among other issues, sent sales down double digits.
By Caroline Jansen • Sept. 30, 2021 -
Daphne Howland/Retail Dive
Claire's files for IPO 3 years after bankruptcy
Once another victim of private equity debt and mall disruption, the teen retailer reports growing sales and new investments in its business.
By Ben Unglesbee • Sept. 30, 2021 -
Joe Raedle via Getty Images
Dollar Tree expands its experiment with higher prices
The discounter is growing the footprint of new formats and upping prices at some core stores as rocketing supply chain costs squeeze profits.
By Ben Unglesbee • Sept. 29, 2021 -
Courtesy of Amazon
Morgan Stanley lowers expectations for Amazon shares as e-commerce gets more expensive
The online giant hasn't escaped the whipsawing of supply and demand during the pandemic, and it's been forced to balloon its logistics workforce.
By Daphne Howland • Sept. 28, 2021 -
Daphne Howland/Retail Dive
Analysts throw cold water on the great DTC pivot
A new report from BMO Capital Markets finds that direct sales by brands come with lower margins than through wholesale channels.
By Ben Unglesbee • Sept. 27, 2021 -
Courtesy of Ntwrk
Livestream shopping platform NTWRK raises $50M
The funding round comes as the livestream market is forecast to reach $25 billion by 2023.
By Tatiana Walk-Morris • Sept. 27, 2021 -
Cara Salpini/Retail Dive
Nike races ahead, with supply chain woes nipping at its heels
Sales grew 16% for the sportswear and shoe seller, but that number would have been higher if not for factory shutdowns and shipping headaches.
By Ben Unglesbee • Sept. 24, 2021 -
Courtesy of Brilliant Earth
Brilliant Earth halves number of shares, lowers price in IPO
"We're holding on to our shares because we think there's so much tremendous long-term value," CEO Beth Gerstein said in an interview.
By Daphne Howland • Sept. 23, 2021 -
Michael Buckner / Staff via Getty Images
Warby Parker provides guidance ahead of public debut
The DTC eyewear brand, which is expected to begin trading on the New York Stock Exchange next week, projects revenue to grow up to 36% in 2021.
By Caroline Jansen • Sept. 22, 2021 -
Courtesy of Stitch Fix
Stitch Fix mutes expectations as it dives into traditional e-commerce
The apparel retailer has added old-fashioned online sales to its subscription-box offer, but faces disruption by an even older retail concept — stores.
By Daphne Howland • Sept. 22, 2021 -
Bark
Bark CFO to step down
John Toth, who joined the company in 2016 and helped it go public via SPAC in June, will continue in the role until a successor is named.
By Caroline Jansen • Sept. 21, 2021 -
Courtesy of Dollar Tree
New store opening announcements are up 58% from 2020: Coresight
Planned openings outpace closures so far in 2021. Compare that to last year, when there were over 150% more closures than openings.
By Ben Unglesbee • Sept. 21, 2021 -
Courtesy of Outer
Outer secures $50M in Series B funding
The DTC outdoor furniture brand will use the funds to build on its sustainability initiatives, expand its product assortment and reach new customers.
By Caroline Jansen • Sept. 21, 2021 -
Mattress Firm confidentially files IPO papers
Benefiting from heightened demand in the home category, the retailer is looking to go public just under three years after exiting bankruptcy.
By Caroline Jansen • Sept. 20, 2021 -
Guitar Center files confidentially for IPO: Debtwire
The instrument retailer's sales and profits are ticking up after last year's restructuring.
By Ben Unglesbee • Updated Sept. 23, 2021 -
Chico's FAS hires Lululemon vet as CFO
Patrick Guido was previously at the athletics apparel retailer and held positions at VF Corporation, Saks and Home Depot.
By Tatiana Walk-Morris • Sept. 20, 2021 -
Daphne Howland/Retail Dive
Sears to close the last department store in its home state
The retailer's perpetual diminishment continues, with only a few dozen large-format stores left under its namesake and Kmart brands.
By Ben Unglesbee • Sept. 17, 2021 -
Courtesy of Drunk Elephant
ColumnThe Weekly Closeout: Drunk Elephant inks deal with Ulta and Indochino gets comfy
The beauty brand, once exclusively sold at Sephora, expands its physical presence, while the DTC brand known for suits moves into knitwear.
By Retail Dive Staff • Sept. 17, 2021 -
Courtesy of J. Jill Inc.
Hardest hit: Retailers are putting 2020 behind them, but some still show weakness
J. Jill, Chico's, Tuesday Morning and others still show financial vulnerability even during a broad-based retail recovery, according to RapidRatings data.
By Ben Unglesbee • Sept. 16, 2021 -
Scott Olson via Getty Images
Sam's Club boosts minimum wage to $15 in bid to win more workers
The move makes the warehouse retailer's starting pay slightly higher than its parent company, Walmart.
By Maria Monteros • Sept. 15, 2021 -
Chasing digital sales, Crocs unveils goal to hit $5B in revenue by 2026
The clog brand aims for 17% annual growth over the next five years, a plan that rests on boosting its online sales to half of its revenue.
By Ben Unglesbee • Sept. 15, 2021
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