Financial News: Page 79
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A tale of two dollar stores: Dollar Tree hit by freight while Dollar General mostly shrugs off costs
The $1 proposition means less room to raise prices as supply chain congestion leads to extraordinary cost increases.
By Ben Unglesbee • Aug. 27, 2021 -
Bebe to purchase more rent-to-own furniture stores
The company, which is primarily known as a fashion licensor, is purchasing more Buddy's Home Furnishings franchises and announced that it refinanced.
By Kaarin Moore • Aug. 27, 2021 -
Gap keeps mum about its Yeezy collection as Old Navy, Athleta dominate Q2
The conglomerate is enjoying a comeback, but when it comes to growth, its iconic namesake and struggling Banana Republic have taken a back seat.
By Daphne Howland • Aug. 27, 2021 -
Column
The Weekly Closeout: Walmart, Dove partner for inclusive baby line and Hermès sells a $1,125 dog bowl
The mass merchant wants to fill a gap in the category, and the luxury brand unveiled a product for furry friends that enjoy the finer things.
By Retail Dive Staff • Aug. 27, 2021 -
Ulta ‘thrilled’ with Target partnership as first 58 stores open
Aiming for 100 by the end of the third quarter, executives said the experience is already resonating with shoppers.
By Cara Salpini • Aug. 26, 2021 -
Resale tech startup Trove raises $77.5M
The company will use the funds to grow its brand partnerships, enter the luxury market, reach European consumers, and improve its tech and logistics.
By Tatiana Walk-Morris • Aug. 26, 2021 -
With plans to hire 8K employees, Lululemon raises hourly pay
In late September, the athleisure retailer's minimum wage will start at $15 or $17 to accommodate growth and prep for the holidays.
By Daphne Howland • Aug. 26, 2021 -
Dick’s piles on sales gains, eyes more growth with new concepts
The sporting goods retailer is doubling down on stores as it rolls out its House of Sport concept and Public Lands banner.
By Ben Unglesbee • Aug. 26, 2021 -
Warby Parker files to go public through direct listing
The DTC eyewear brand's revenue has been on the rise. But, like several other digitally native brands that have gone public, it struggles with profitability.
By Caroline Jansen • Aug. 25, 2021 -
Inventory confounds Nordstrom in subdued Q2
The department store beat expectations but, unlike most rivals, results declined from 2019 in a period still clouded by the pandemic.
By Daphne Howland • Aug. 25, 2021 -
Roger Federer-backed running brand On files for IPO
The company will offer 31.1 million shares priced between $18 and $20.
By Cara Salpini • Updated Sept. 7, 2021 -
What retail executives are saying about widespread supply chain bottlenecks
From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
By Ben Unglesbee • Updated Aug. 30, 2021 -
Best Buy flexes ongoing strength in Q2 as online sales drop
The electronics retailer is expected to continue to enjoy strong demand for its gadgets and services, but could face renewed competition from Amazon.
By Daphne Howland • Aug. 24, 2021 -
Amazon aggregator D1 Brands raises $123M
More investors are lining up to fund companies that are acquiring third-party sellers from Amazon and other digital natives.
By Tatiana Walk-Morris • Aug. 24, 2021 -
Bath & Body Works, Victoria's Secret show different strengths in Q2
With some metrics still tangled together, the now-separated brands still featured in each other's reports. But it's clear why they shouldn't be together.
By Daphne Howland • Aug. 20, 2021 -
Foot Locker net sales surge 28% from 2019
The company outlined more details on its acquisitions of WSS and Atmos, and provided an update on its wind down of Footaction stores.
By Cara Salpini • Aug. 20, 2021 -
Column
The Weekly Closeout: Crate and Barrel partners with Shinola and Shrek goes Supreme
The retailer collaborated with the luxury watchmaker for a furniture and housewares collection, and the famous green ogre is Supreme's new muse.
By Retail Dive Staff • Aug. 20, 2021 -
Macy's says its Polaris turnaround is 'working'
But, as Amazon looms, the department store may not be prepared for the day the high-spending U.S. consumer settles down.
By Daphne Howland • Aug. 20, 2021 -
Petco sales up 19% as category demand remains high
The retailer has been able to sustain the growth it experienced in 2020, reporting that comp sales increased for the 11th consecutive quarter.
By Caroline Jansen • Aug. 19, 2021 -
Target posts 9% comp sales entirely driven by traffic
The retailer emphasized its theme of "growth on top of growth" even as the pace slows.
By Maria Monteros • Aug. 18, 2021 -
Retrieved from Lowe's Newsroom on December 02, 2020
Lowe's comps fall as consumer DIY projects slow
Declines come as little surprise compared to a stellar year for home improvement in 2020. But Home Depot's Q2 gains add pressure.
By Ben Unglesbee • Aug. 18, 2021 -
Walgreens launches credit card program that rewards health and wellness
Cardholders can earn rewards for making healthy purchases, just one part of the evolution of the retailer's financial services offerings.
By Tatiana Walk-Morris • Aug. 17, 2021 -
July retail sales up 11.5% despite consumers traveling, dining out
Growth compared to 2019 outpaced the year-over-year rise, partly because shoppers are flush with savings thanks to governmental support.
By Daphne Howland • Aug. 17, 2021 -
Home Depot surpasses $40B in quarterly sales for the first time
Though fewer consumers are undertaking home improvement projects compared to 2020, those that are, are tackling larger projects and paying more.
By Caroline Jansen • Aug. 17, 2021 -
Walmart's sales keep growing even as online momentum slows
The retailer prides itself letting customers choose how they want to shop, which is continually changing during the pandemic.
By Ben Unglesbee • Aug. 17, 2021