Financial News: Page 90
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Courtesy of Express via Businesswire
Express upbeat about 2021 despite Q4 declines
The retailer is testing smaller "Express Edit" concept stores as it, like its rivals, hopes for pent-up demand for apparel this year.
By Daphne Howland • March 10, 2021 -
FatCamera via Getty Images
What is the new retail playbook in a post-pandemic world?
Omnichannel, personalization, sustainability and other operating "imperatives" are more important than ever, according to a new report from RILA.
By Ben Unglesbee • March 10, 2021 -
Courtesy of Stitch Fix
Stitch Fix swings to a loss as inventory piles up
As the DTC player tweaks its model, it can't escape old-fashioned challenges in apparel and could lose out on pent-up demand as the pandemic wanes.
By Daphne Howland • March 9, 2021 -
Permission granted by Nike
Nike names new head of North America
Sarah Mensah will take over the role after Ann Hebert's departure, which followed a Bloomberg report about her son's sneaker business.
By Cara Salpini • March 9, 2021 -
Retrieved from Vince on March 08, 2021
Vince names new CEO
Jack Schwefel, who most recently was the chief executive at Cost Plus, is entering the company at a critical time for luxury apparel.
By Kaarin Moore • March 9, 2021 -
Dick's sales spiked 10% last year, but the retailer warns of possible slowdown
The year ahead could bring a cool-down as gyms reopen and competitors join the game.
By Ben Unglesbee • March 9, 2021 -
Permission granted by Target
Target launches grocery brand centered on snacks and sweet treats
Favorite Day, which launches April 5, will include more than 700 products across categories like bakery, candy, ice cream and beverage mixers.
By Catherine Douglas Moran • March 9, 2021 -
Adeline Kon/Retail Dive
The running list of major retail deals in 2021
Authentic Brands officially moved to withdraw its IPO plans after receiving new private investments last fall.
By Retail Dive Team • Updated Feb. 25, 2022 -
Brian Tucker/Retail Dive
Retailers cheer as Biden's $1.9 trillion pandemic relief clears the US Senate
The legislation supports consumers and speeds up vaccinations, which some economists say could lead to the fastest economic recovery in years.
By Daphne Howland • March 8, 2021 -
Cara Salpini/Retail Dive
Foot Locker cites port congestion for nearly 24% drop in inventory
The retailer is working with its vendors to find alternative routings, and expects its inventory position to improve this quarter, an executive said.
By Matt Leonard • March 8, 2021 -
Cara Salpini/Retail Dive
GameStop to name Ryan Cohen as next chairman
The gaming retailer this year gave the Chewy founder and activist investor a board seat and leadership of a transformation group.
By Ben Unglesbee • Updated April 8, 2021 -
Charming Charlie to open 14 new locations
The women's apparel and accessories retailer plans to roll out additional stores nationwide over the summer and fall of this year.
By Kaarin Moore • March 8, 2021 -
Adeline Kon/Retail Dive
Deep DiveWelcome to the lucrative world of retail bankruptcy
A look at the most expensive Chapter 11 proceedings in retail and the players that have profited from them.
By Ben Unglesbee • March 8, 2021 -
Retrieved from Whatnot on March 05, 2021
Livestream shopping platform Whatnot raises $20M
Aiming to serve a niche, the company plans to expand into more collectible categories and emphasize the community element of collecting.
By Tatiana Walk-Morris • March 8, 2021 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
Private equity pours $500M into Saks Fifth Avenue's e-commerce spinoff
Insight Partners will take a minority stake in the deal, which is valued at $2 billion and allows owner HBC to unlock value from the luxury brand.
By Daphne Howland • March 5, 2021 -
Cara Salpini for Retail Dive
Kate Spade creative director Nicola Glass to exit
The brand is in the middle of restructuring its leadership roles as it embarks upon a plan for growth.
By Kaarin Moore • March 5, 2021 -
Courtesy of Dollar Tree
Dollar Tree eyes at least 3K locations for rural concept stores
A new format that combines the retailer's namesake brand with Family Dollar's blends their assortment and aims for smaller, underserved markets.
By Ben Unglesbee • March 5, 2021 -
Off-pricers face slow recovery after a rough year
Despite pressures that will remain this year, these retailers hold key advantages compared to department stores and other apparel sellers.
By Daphne Howland • March 5, 2021 -
DVF shut its clothing rental service, pivoted to Rent the Runway
The news comes as Ralph Lauren is launching its own rental service while luxury apparel retailers figure out their place in the circular economy.
By Kaarin Moore • March 5, 2021 -
Daphne Howland/Retail Dive
Old Navy, Athleta push Gap into the black
The company's namesake brand did better in North America in the quarter and could get a boost from its Yeezy collab, expected later this year.
By Daphne Howland • March 5, 2021 -
ThredUp
ThredUp files for IPO
With environmental concerns top of mind for many young consumers, the secondhand apparel market shows no signs of slowing down.
By Kaarin Moore • March 4, 2021 -
Bed Bath & Beyond plots 8 private label launches this year
The first brand, Nestwell, will debut in March, with five more following in the next six months.
By Caroline Jansen • March 4, 2021 -
The image by Loren Javier is licensed under CC BY-ND 2.0
Disney plans to close at least 60 stores in North America
The brand giant is refocusing around e-commerce after retail revenue fell by 4% during the pandemic.
By Ben Unglesbee • March 4, 2021 -
Courtesy of Capri Holdings
Capri Holdings hires former Walgreens exec as CIO
In his new role, Alejandro Martinez-Galindo will focus on accelerating the luxury company's digital and e-commerce evolution.
By Tatiana Walk-Morris • March 4, 2021 -
Daphne Howland/Retail Dive
Urban Outfitters tests paid membership program to boost loyalty
The program offers free shipping and returns, as well as other benefits, across the retailer's brands at a time when shoppers are demanding more convenience.
By Robert Williams • March 4, 2021
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