Financial News: Page 93
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Adidas officially aims to divest Reebok
The sportswear giant is moving to unload the brand after working for years to turn it around.
By Ben Unglesbee • Feb. 16, 2021 -
Courtesy of Victoria's Secret
Victoria's Secret to have swimwear in stores, again
The lingerie company in recent years had returned to selling swimwear online, after exiting the complex category in 2016.
By Daphne Howland • Feb. 16, 2021 -
Kendall Davis/Retail Dive
The running list of 2021 retail bankruptcies
After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy.
By Nami Sumida • Updated June 11, 2021 -
Cara Salpini for Retail Dive
GNC names new CEO and CFO
Following its acquisition in bankruptcy last year, the retailer has promoted two executives to top positions as it looks to grow and adapt to a new environment.
By Ben Unglesbee • Feb. 12, 2021 -
Amazon, Salvatore Ferragamo sue alleged counterfeiters
The e-commerce giant has recently teamed up with other brands in court to tackle knockoff sellers.
By Tatiana Walk-Morris • Feb. 12, 2021 -
Opinion
Pre-pandemic profitability could be 5 years out
Radical strategies are needed around consumer engagement to get back to pre-pandemic profitability, write Kearney's Michael Brown, Suketu Gandhi, Cara Cole and Natalie Shield.
By Michael Brown, Suketu Gandhi, Cara Cole and Natalie Shield • Feb. 12, 2021 -
WSJ: Best Buy cuts jobs, hours for some store workers as it pivots to digital
The electronics retailer has been making changes to its operating model in stores as its channel mix adjusts to more online purchases.
By Ben Unglesbee • Feb. 11, 2021 -
Courtesy of Poshmark
Poshmark enters into the pet category
The secondhand marketplace is getting into the popular pet segment just a few weeks after its IPO.
By Kaarin Moore • Feb. 11, 2021 -
Courtesy of Bed Bath & Beyond
S&P posts stable outlook on Bed Bath & Beyond
The revision reflects expectations that the retailer will continue to execute on its turnaround plan and drive stable operating performance in the year ahead.
By Caroline Jansen • Feb. 11, 2021 -
Former Urban Outfitters exec Trish Donnelly heads to PVH
Later this month she will take a newly created role overseeing the Tommy Hilfiger, Calvin Klein and Heritage Brands businesses.
By Daphne Howland • Feb. 11, 2021 -
Daphne Howland/Retail Dive
Under Armour plans a return to profitable growth in 2021
The exit of up to 3,000 wholesale doors will begin in the back half of the year, as the brand looks to shift to a more DTC-focused model.
By Cara Salpini • Feb. 10, 2021 -
Courtesy of Savage x Fenty
LVMH Fenty fashion house on hold
The two-year-old effort was the second in-house launch at the company, which will continue to partner with Rihanna on her lingerie and beauty lines.
By Daphne Howland • Feb. 10, 2021 -
Dick’s Sporting Goods expands clearance store concept
The retailer announced it will open four Warehouse stores and one traditional store at a time when much of the industry is challenged.
By Kaarin Moore • Feb. 10, 2021 -
Party City eyes $725M bond sale to buy it time
The retailer is raising new debt to pay off the old as the COVID-19 pandemic continues to weigh on sales of party favors.
By Ben Unglesbee • Feb. 10, 2021 -
The inconvenient truth about drugstores
By filling up stores with junk food, tobacco and other high-margin goods, these retailers may be risking loyalty and market share in other key categories.
By Daphne Howland • Feb. 10, 2021 -
Courtesy of Simon Property Group
Simon Property Group expects suburban boom to fuel growth
CEO David Simon on Monday said the pandemic has spurred flight away from cities, but neither the intensity nor the longevity of that is clear.
By Daphne Howland • Feb. 9, 2021 -
Getty Images
IPOs hit a 2-decade high in 2020
While the retail industry accounted for a small portion of that total, it still saw activity increase 100% year over year.
By Caroline Jansen • Feb. 9, 2021 -
LuLaRoe to pay $4.8M to settle pyramid scheme lawsuit
The Attorney General of Washington State asserted that the apparel company made "deceptive misrepresentations regarding profitability."
By Kaarin Moore • Feb. 9, 2021 -
Photo by Michael Weidemann via Unsplash
5 creative ways malls are repurposing their space
With lots of square footage and tons of parking, shopping centers are rethinking ways to give their centralized locations new life.
By Kaarin Moore • Feb. 9, 2021 -
Cara Salpini/Retail Dive
Ralph Lauren to shrink office and store footprint as sales remain sluggish
As the luxury brand struggles to gain a foothold in the COVID-19 era, it is cutting costs and working to win over younger shoppers.
By Ben Unglesbee • Feb. 8, 2021 -
Courtesy of Target
Target's activewear brand generates $1B in first year
The All in Motion line is the retailer's 10th private label to hit billion-dollar status.
By Maria Monteros • Feb. 8, 2021 -
Kohl's turns to Eddie Bauer as outdoor sales surge
The off-mall department store last year announced a plan to grow its activewear sales from 20% of its business to at least 30%.
By Daphne Howland • Feb. 8, 2021 -
Courtesy of Sam's Club
Sam's Club teams up with Synchrony, Mastercard for rewards program
The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.
By Tatiana Walk-Morris • Feb. 8, 2021 -
Dollar General joins 'Beyond the Bag' initiative to reduce plastic waste
The retailer said it will test recommendations across its store count of more than 17,000 in 46 states.
By Rosie Bradbury • Feb. 8, 2021 -
Danielle Ternes/Retail Dive
What awaits retail on the other side of the pandemic
Everyone wants to get back to normal. Except maybe retailers.
By Daphne Howland • Feb. 8, 2021
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