Financial News: Page 96
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With fresh funding in hand, Outer sets sights beyond outdoor furniture, rugs
The DTC brand snapped up $10.5 million to help it grow its assortment, build on its sustainability efforts and expand on its unique showroom model.
By Caroline Jansen • Jan. 20, 2021 -
The middle class is stressed and the pandemic isn't helping
Consumer spending is inhibited by not only a stubborn wealth gap, but also the precarious finances of those who are doing okay.
By Daphne Howland • Jan. 20, 2021 -
What 6 charts say about the pandemic's impact on retail
From store closures to foot traffic, here are various ways that the global health crisis impacted retail, and what it could mean for the future.
By Cara Salpini • Jan. 19, 2021 -
Birkenstock reportedly in talks to sell to private equity
The nearly 250-year-old company is in advanced discussions to be acquired for about $5 billion, according to Bloomberg.
By Daphne Howland • Jan. 19, 2021 -
Staples makes a $1B bid for Office Depot's retail business
The private equity-owned retailer is looking to combine the last major office box stores after ODP Corporation rebuffed a takeover earlier this year.
By Daphne Howland , Ben Unglesbee • Updated June 7, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning CEO to depart
The off-price retailer is looking for a new leader at the top shortly after restructuring in Chapter 11 bankruptcy.
By Ben Unglesbee • Jan. 19, 2021 -
Ipsy to invest $7M in Black-owned brands
The updated investment comes after the beauty brand promised to dedicate $5 million to the development and amplification of beauty brands in June.
By Maria Monteros • Jan. 19, 2021 -
Ulta announces corporate layoffs, merchandising restructure
The retailer did not specify the number of employees impacted but stated that it eliminated roles "across all functions of the company."
By Cara Salpini • Jan. 15, 2021 -
The image by Gage Skidmore is licensed under CC BY-SA 2.0
Biden details $1.9T pandemic relief package
The National Retail Federation hailed the plan's twin efforts to protect consumers and businesses, and get a grip on the escalating pandemic.
By Daphne Howland • Jan. 15, 2021 -
Walmart e-commerce chief Marc Lore to retire
Digital sales at the retail giant have boomed, but the executive's trajectory through the company hasn't followed a straight line.
By Ben Unglesbee • Jan. 15, 2021 -
Macy’s opens second Market by Macy’s strip center location
The department store is moving forward with a strategy, announced before the pandemic, to run smaller off-mall stores, but it has a lot to prove.
By Daphne Howland • Jan. 14, 2021 -
Urban Outfitters names new CEO
Sheila Harrington, who currently runs the Free People brand, will continue in that role and replace Trish Donnelly as CEO.
By Kaarin Moore • Jan. 14, 2021 -
Christopher & Banks files for bankruptcy, could close all stores
The women's apparel seller is among the victims of the pandemic, which dragged down demand among its core customers.
By Ben Unglesbee • Jan. 14, 2021 -
'There are no environmentally friendly companies': The pursuit of corporate social responsibility
Home Depot and Ulta executives discuss what retailers should consider in forming corporate social responsibility plans, and how to succeed.
By Cara Salpini • Jan. 14, 2021 -
The image by wpktsfs is licensed under CC BY-SA 3.0
A closer look at RH’s Aspen ‘ecosystem’
The brand last week made an investment into a major Colorado real estate development, which includes stores, restaurants, residences and a spa.
By Caroline Jansen • Jan. 14, 2021 -
By the numbers: Holiday retail sales in 2020
Kohl's comparable sales fell by 11% during the fourth quarter — an improvement over earlier periods — while it focused on cutting costs.
By Daphne Howland , Ben Unglesbee , Kaarin Moore • Updated Feb. 4, 2021 -
Bed Bath & Beyond taps Target, Macy's vets to build out its marketing team
Jim Reath will serve as senior vice president of marketing, while Kristi Argyilan will act as senior vice president of brand innovation.
By Caroline Jansen • Jan. 13, 2021 -
Sephora rolls out action plan to address racial bias
The beauty retailer is implementing changes across marketing and merchandising, stores, and employee training.
By Cara Salpini • Jan. 13, 2021 -
GameStop adds former Chewy execs to board as digital holiday sales balloon by 309%
The founder of the pet products e-tailer has taken an activist stake in GameStop and called on it to transform — immediately.
By Ben Unglesbee • Jan. 12, 2021 -
Walmart to launch fintech startup with partner Ribbit Capital
The startup will be majority-owned by the retailer. Ribbit Capital's past investments include Affirm, Credit Karma and Robinhood.
By Anna Hrushka • Jan. 12, 2021 -
Dollar Shave Club names new CEO after founder steps down
Former Sur La Table CEO Jason Goldberger will replace Michael Dubin in the top spot. Dubin will remain on as a special adviser and board member.
By Maria Monteros • Jan. 12, 2021 -
Lululemon taps Nike veteran as head merchant
Blanca Gonzalez will lead global merchandising for men's and women's, and focus on growing the company into a "leader in technical apparel."
By Cara Salpini • Jan. 12, 2021 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
Art Van successor Loves Furniture files for bankruptcy
A real estate veteran created a new retailer to fill the void left by the furniture specialist. Things did not go as planned.
By Ben Unglesbee • Jan. 11, 2021 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples plans $2.1B takeover of Office Depot
Office Depot's board is looking into the offer, keeping in mind that the rivals' past two attempts to merge were thwarted by antitrust concerns.
By Daphne Howland • Updated Jan. 12, 2021 -
Bed Bath & Beyond's COO says the company is pivoting to a 'common-sense' supply chain model
The supply chain overhaul, an expected $250 million investment, is part of what will bring the retailer back to sustainable growth, according to executives.
By Emma Cosgrove • Jan. 11, 2021