Financial News: Page 98
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The Container Store names new CEO
Satish Malhotra, who previously held leadership roles at Sephora, will take over the chief executive role from Melissa Reiff on Feb. 1.
By Caroline Jansen • Dec. 22, 2020 -
Courtesy of Nike
Nike posts $11B quarter and plans for 30 new stores
The activewear retailer plans to capitalize on its recovery by investing in more growth opportunities, including new stores and digital.
By Cara Salpini • Dec. 21, 2020 -
Brian Tucker/Retail Dive
Congress agrees on $900B pandemic relief package
The second round of support includes $600 in direct payments, half that of the first, but all told could steady the economy as COVID-19 vaccines roll out.
By Daphne Howland • Dec. 21, 2020 -
Permission granted by Grove Collaborative
Grove Collaborative raises $125M to launch new brands
The funding brings the DTC brand to a $1.32 billion valuation as it looks to expand into new categories.
By Maria Monteros • Dec. 21, 2020 -
Permission granted by Brooks; Edited by Danielle Ternes/Retail Dive
Crisis Management: The 3-year strategy that paid off for Brooks this year
Chief Operating Officer Dan Sheridan discusses how the brand's multichannel initiative kept the company alive, and thriving, during the pandemic.
By Cara Salpini • Dec. 21, 2020 -
Guitar Center exits bankruptcy
The musical instrument retailer has added new sources of capital as it tries to start a new chapter.
By Ben Unglesbee • Updated Dec. 23, 2020 -
Bark
Barkbox merger with SPAC approved
The new company, which will be renamed "The Original Bark Company," will begin trading on the New York Stock Exchange on Wednesday.
By Caroline Jansen • Updated June 1, 2021 -
Courtesy of Rue21
Bankruptcy alum Rue21 plans to open 15 new stores
The apparel retailer survived Chapter 11 and is posting positive comparable sales and planning an expansion while others in the sector suffer.
By Ben Unglesbee • Dec. 17, 2020 -
Courtesy of Rebag
Rebag opens micro-store in NYC
Customers can both shop and sell their luxury accessories at the new 180-square-foot store at The Shops at Columbus Circle.
By Kaarin Moore • Dec. 17, 2020 -
The pandemic economy weighs on retailers in November
The results could have been worse, given the government's failure to renew financial support to consumers and businesses amid the holiday season.
By Daphne Howland • Dec. 16, 2020 -
Daphne Howland/Retail Dive
New York faces another possible shutdown of nonessential businesses
As COVID-19 cases surge, Mayor Bill de Blasio indicated that another round of closures could come after Christmas and last a "matter of weeks."
By Ben Unglesbee • Dec. 16, 2020 -
Cara Salpini for Retail Dive
Foot Locker hires new CIO to oversee digital operations
Himanshu Parikh will lead the company's tech strategy and infrastructure, and comes with 25 years of experience at retailers like Michaels and Ross.
By Tatiana Walk-Morris • Dec. 16, 2020 -
andresr via Getty Images
What foot traffic says about post-pandemic retail
Expect malls to be flexible about leases and tenant mix, and this year's rush into the suburbs to endure, according to footfall analytics firm Placer.ai.
By Daphne Howland • Dec. 16, 2020 -
Permission granted by Family Video
An existential moment for the last video store chain
Family Video permanently shuttered half its footprint this year amid fallout from COVID-19. Now it's "all hands on deck" for the tenacious retailer.
By Ben Unglesbee • Dec. 16, 2020 -
Christopher & Banks weighs strategic options, including bankruptcy
After making progress prior to the pandemic, the women's apparel retailer indicated that it might not be able to withstand its current financial strain.
By Ben Unglesbee • Dec. 15, 2020 -
Revlon names new CMO after financing deal
Martine Williamson returns to the beauty brand, this time as chief marketing officer.
By Maria Monteros • Dec. 14, 2020 -
Cara Salpini for Retail Dive
Adidas mulls Reebok sale
The company said it will release its decision on March 10 at the same time as a five-year strategic plan.
By Cara Salpini • Dec. 14, 2020 -
Bed Bath & Beyond to sell off Cost Plus World Market banner
After selling Christmas Tree Shops, PersonalizationMall.com and others this year, the deal marks the final non-core banner divestiture from the company.
By Caroline Jansen • Dec. 14, 2020 -
Current retail trends to 'reverse course' in 2021: Fitch
The ratings firm sees stability next year as consumer health improves and the pandemic "dissipates," but there is still much uncertainty ahead.
By Ben Unglesbee • Dec. 14, 2020 -
Courtesy of Lululemon
After landing $1B in revenue, Lululemon preps for footwear launch
The pandemic has proved no obstacle to the retailer's growth plans, as revenue grew 22% and digital comps rose an astonishing 94%.
By Cara Salpini • Dec. 11, 2020 -
Courtesy of Costco Wholesale
Costco reports strong comps, net sales as foot traffic recovers
The retailer saw e-commerce sales rise 86.2% during the quarter.
By Sam Silverstein • Dec. 11, 2020 -
Daphne Howland/Retail Dive
'Trouble brewing' for malls, including Brookfield and Simon: S&P Global
The pandemic has worsened the situation for mall owners and given retail tenants leverage, and so-called "A" centers haven't been spared.
By Daphne Howland • Dec. 11, 2020 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart looks to play role in COVID-19 vaccine rollout
The retailer is forging agreements with states to administer the vaccine once available and is making sure its pharmacies are equipped to handle doses.
By Ben Unglesbee • Dec. 11, 2020 -
Designer Brands mulls the closure of as many as 80 stores
The footwear retailer struggled to get its inventory right in the third quarter, as the pandemic resurgence once again drove down store traffic.
By Daphne Howland • Dec. 10, 2020 -
J. Jill sales down nearly 30% as it climbs out of 2020's deep hole
Back from the brink of bankruptcy, the apparel seller is still struggling. But the performance marks an improvement over its abysmal second quarter.
By Ben Unglesbee • Dec. 10, 2020
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