Financial News: Page 86
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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 -
Courtesy of Chico's FAS
With profits up, Chico's slows down store closure plans
The retailer's Soma lingerie continues to stand out, even outpacing the market, as lean inventories in Q3 added to the namesake brand's struggles.
By Daphne Howland • Dec. 1, 2021 -
Allbirds' net loss nearly doubles in Q3
The brand is continuing its store expansion, something many DTCs have come to do as the limitations of selling online become increasingly apparent.
By Caroline Jansen • Dec. 1, 2021 -
Stephanie Keith via Getty Images
Cyber Monday sales edge down to $10.7B as consumers make a dent in their holiday shopping
Online sales fell 1.4% year over year, but the red-letter event was still the biggest shopping day of the year so far, Adobe said.
By Daphne Howland • Nov. 30, 2021 -
Schick maker acquires Billie for $310M
The deal comes less than a year after P&G's proposed acquisition of the DTC razor brand fell apart after FTC action.
By Caroline Jansen • Nov. 30, 2021 -
Hydro Flask owner to acquire backpack brand Osprey for $414M
Helen of Troy CEO Julien Mininberg called the two a "compelling combination" for the outdoors consumer.
By Cara Salpini • Nov. 30, 2021 -
Courtesy of eBay
EBay acquires Sneaker Con's shoe authentication business
The e-commerce company has paid particular attention over the past few years to authenticating and promoting sneakers on its platform.
By Tatiana Walk-Morris • Nov. 30, 2021 -
Courtesy of Walmart
Walmart's CFO to leave the company after 22 years
Brett Biggs officially departs on Jan. 31, 2023. As part of the transition, he will remain a board member of the retailer's fintech startup.
By Maria Monteros • Nov. 29, 2021 -
Courtesy of Dick's Sporting Goods
Dick’s plots new House of Sport, Public Lands stores as sales rise 14%
The athletics retailer also has a new chief financial officer in Navdeep Gupta, who took on the role last month.
By Cara Salpini • Nov. 24, 2021 -
Chris J Ratcliffe / Stringer via Getty Images
Gap could take $650M sales hit from supply chain woes
Sales in the third quarter were dragged down by inventory shortages caused by factory closures and shipping backups.
By Ben Unglesbee • Nov. 24, 2021 -
Daphne Howland/Retail Dive
Off-price Rack drags Nordstrom down in Q3
The full-line stores didn't demonstrate the level of recovery found at rivals like Dillard's or Macy's, either, despite a boost from the company's annual sale.
By Daphne Howland • Nov. 24, 2021 -
Off-price retailers best Q3 expectations but brace for the holidays
The segment is mostly overcoming supply challenges while benefiting from full-price sales at other retailers, as consumers grapple with inflation.
By Daphne Howland • Nov. 23, 2021 -
Joe Raedle via Getty Images
Dollar Tree pivots to $1.25 prices even as inflation-wary shoppers seek the retailer out
The company saw a modest sales bump during the third quarter, with consumers chasing value. Meanwhile, supply chain costs have choked margins.
By Ben Unglesbee • Nov. 23, 2021
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