Financial News: Page 92
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Home Depot, Lowe's round out knockout year with strong Q4
Helped by stimulus check distribution in December, the home improvement sector continued to benefit from consumers investing in their spaces.
By Caroline Jansen • Feb. 24, 2021 -
Belk exits bankruptcy a day after filing for Chapter 11
The department store retailer won speedy approval of a restructuring plan that allowed it to drop $450 million in debt.
By Ben Unglesbee • Updated Feb. 25, 2021 -
The image by MysteriousMystery is licensed under CC BY-SA 3.0
Fry's Electronics abruptly goes out of business, closes stores
The retailer cited a changing industry and the impact of COVID-19 as reasons for closing its doors after nearly four decades.
By Kaarin Moore • Feb. 24, 2021 -
Courtesy of Shippo
Shippo raises $45M to fuel expansion
Amid the e-commerce spike, the shipping technology startup wants to facilitate Amazon-level deliveries for other marketplaces.
By Tatiana Walk-Morris • Feb. 24, 2021 -
Daphne Howland/Retail Dive
Macy's mostly sticks to 'Polaris' turnaround after brutal pandemic year
The department store is stoking its e-commerce and off-price operations in anticipation that its recovery will gain strength in the back half of the year.
By Daphne Howland • Feb. 23, 2021 -
Courtesy of Estée Lauder
Estée Lauder snaps up controlling stake in Deciem for $1B
The deal values The Ordinary's parent company at $2.2 billion, with Estée Lauder planning to acquire the rest of the company in three years.
By Cara Salpini • Feb. 23, 2021 -
Permission granted by Heyday
Skincare company Heyday raises $20M, plans ‘hundreds’ of franchised stores
The company is bringing on a former Rent the Runway exec to lead the expansion as it vows to invest in a more personalized online experience.
By Cara Salpini • Feb. 23, 2021 -
Allbirds
Allbirds names Glossier CEO Emily Weiss to board
Also joining is e.l.f. Beauty's Chief Financial Officer Mandy Fields, though the company is not launching into beauty, a spokesperson said.
By Cara Salpini • Feb. 23, 2021 -
Permission granted by Fjällräven
Deep DiveThe outdoors boom spared many retailers from the harshest impacts of COVID
Outdoor companies faced their share of ups and downs during the pandemic, but a tidal wave of new customers could prime the space for future growth.
By Cara Salpini • Feb. 23, 2021 -
Courtesy of Kohl's
Activist group attempts Kohl's board takeover with 9 nominations
The discount department store is somewhat resilient thanks in part to its largely off-mall locations, but some investors have a bolder agenda.
By Daphne Howland • Feb. 22, 2021 -
Tuesday Morning, Casper, Vince on S&P's latest 'most vulnerable retailers' list
The list includes both traditional brick-and-mortar retailers and digital specialists, which face different sets of financial challenges.
By Ben Unglesbee • Feb. 22, 2021 -
Tanger Outlets says foot traffic is back to normal
The mall REIT is benefiting from its outdoor orientation and the value proposition of its retail tenants.
By Daphne Howland • Feb. 19, 2021 -
Permission granted by ThirdLove
ThirdLove expands into loungewear
This launch marks the first real expansion for the DTC brand, which up to this point, has been focused squarely on bras and underwear.
By Cara Salpini • Feb. 19, 2021 -
Courtesy of Standard
Standard Cognition hits $1B valuation with $150M investment
The autonomous checkout tech company plans to use the new funding to fuel its goal of reaching 50,000 stores in the next five years.
By Sam Silverstein • Feb. 19, 2021 -
Permission granted by Locus Robotics
Locus Robotics raises $150M
With more online shopping and social distancing requirements in warehouses, retailers are looking to robotics to meet greater demand.
By Tatiana Walk-Morris • Feb. 18, 2021 -
Courtesy of Walmart
Walmart posts 'record' Q4 thanks to online and holiday demand
The retailer said it expects sales growth to slow in the coming months as it attempts to maintain pandemic growth.
By Maria Monteros • Feb. 18, 2021 -
Why mall landlord Westfield is leaving the US
The company says it's grappling not only with the pandemic's temporary challenges, but also retail bankruptcies and department store closures.
By Daphne Howland • Feb. 18, 2021 -
Courtesy of Amazon
Court dismisses New York's lawsuit against Amazon over COVID-19 protections
State Attorney General Letitia James's action against Amazon was deemed as preempted by federal law, with proceedings pending at the National Labor Relations Board.
By Ben Unglesbee • Updated May 11, 2022 -
Century 21’s founding family plots a comeback this year
After buying the off-pricer's intellectual property out of bankruptcy, the Gindi family will bring the retailer back to New York after first opening a store abroad.
By Daphne Howland • Updated Feb. 18, 2021 -
Permission granted by Win Brands Group
DTC holding company eyes expansion with Gravity acquisition
Win Brands Group, which buys and scales DTC brands, also closed a $50 million funding round aimed solely at adding to its portfolio.
By Cara Salpini • Feb. 18, 2021 -
Courtesy of Old Spice
P&G's Old Spice to open first barbershop
The brick-and-mortar location is a way to directly engage consumers and marks a return to experiential stunts paused by the pandemic.
By Robert Williams • Feb. 18, 2021 -
Joann
Joann files for $100M IPO
The retailer has an opportunity to cash in as the IPO market takes flight and the pandemic has given its sales a lift.
By Ben Unglesbee • Feb. 17, 2021 -
Courtesy of Target
Target names new marketing chief amid leadership shuffle
The retailer announced a number of changes to its executive team, including the promotion of Cara Sylvester to the chief marketing and digital officer role.
By Maria Monteros • Feb. 17, 2021 -
Banana Republic names new chief brand officer
Ana Andjelic has 15 years of experience leading luxury lifestyle brands and joins the retailer at a time when the public is rethinking workwear.
By Kaarin Moore • Feb. 17, 2021 -
Bark
BarkBox parent revenues grow 78% in Q3
Ahead of its public debut through a SPAC deal, the online pet retailer released preliminary financial results, which also reveal unprofitability.
By Caroline Jansen • Feb. 16, 2021
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