Financial News


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    Courtesy of Kohl's

    Hedge fund pushes Kohl's to consider e-commerce spinoff

    Engine Capital, expressing impatience and disappointment with the retailer's stock performance, also said it should contemplate a sale.

    By Dec. 6, 2021
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    Permission granted by Shoe Carnival

    Shoe Carnival acquires Shoe Station for $67M

    The regional chain adds some $100 million in sales to a company that aims to be a multi-billion-dollar footwear retailer in the coming years.

    By Dec. 3, 2021
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    Courtesy of Ulta

    Ulta's Q3 sales hit a record $2B as it finishes Target expansion for 2021

    COO Kecia Steelman said customers are shopping the entire assortment at the big-box retailer.

    By Dec. 3, 2021
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    Saeyong Ra, John. (2007). "Sean John" [photograph]. Retrieved from Flickr Pro.

    Sean John files for Ch. 11, nabs bid for $3.3M

    The streetwear label was founded by entrepreneur Sean Combs in 1998 and sold to brand holding company GBG five years ago. 

    By Dec. 2, 2021
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    Retrieved from Dollar General on October 08, 2020

    Dollar General plans to build 1K new Popshelf stores over next 4 years

    The suburban-focused concept has brought higher sales and margin rates, and it adds to a furious pace of expansion for the discounter.

    By Dec. 2, 2021
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    Courtesy of Chico's FAS

    With profits up, Chico's slows down store closure plans

    The retailer's Soma lingerie continues to stand out, even outpacing the market, as lean inventories in Q3 added to the namesake brand's struggles.

    By Dec. 1, 2021
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    Allbirds

    Allbirds' net loss nearly doubles in Q3

    The brand is continuing its store expansion, something many DTCs have come to do as the limitations of selling online become increasingly apparent.

    By Dec. 1, 2021
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    Stephanie Keith via Getty Images

    Cyber Monday sales edge down to $10.7B as consumers make a dent in their holiday shopping

    Online sales fell 1.4% year over year, but the red-letter event was still the biggest shopping day of the year so far, Adobe said.

    By Nov. 30, 2021
  • Schick maker acquires Billie for $310M

    The deal comes less than a year after P&G's proposed acquisition of the DTC razor brand fell apart after FTC action.

    By Nov. 30, 2021
  • Hydro Flask owner to acquire backpack brand Osprey for $414M

    Helen of Troy CEO Julien Mininberg called the two a "compelling combination" for the outdoors consumer. 

    By Nov. 30, 2021
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    Courtesy of eBay

    EBay acquires Sneaker Con's shoe authentication business

    The e-commerce company has paid particular attention over the past few years to authenticating and promoting sneakers on its platform.

    By Tatiana Walk-Morris • Nov. 30, 2021
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    Courtesy of Walmart

    Walmart's CFO to leave the company after 22 years

    Brett Biggs officially departs on Jan. 31, 2023. As part of the transition, he will remain a board member of the retailer's fintech startup.

    By Nov. 29, 2021
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    Courtesy of Dick's Sporting Goods

    Dick's plots new House of Sport, Public Lands stores as sales rise 14%

    The athletics retailer also has a new chief financial officer in Navdeep Gupta, who took on the role last month.

    By Nov. 24, 2021
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    Chris J Ratcliffe / Stringer via Getty Images

    Gap could take $650M sales hit from supply chain woes

    Sales in the third quarter were dragged down by inventory shortages caused by factory closures and shipping backups.

    By Nov. 24, 2021
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    Daphne Howland/Retail Dive

    Off-price Rack drags Nordstrom down in Q3

    The full-line stores didn't demonstrate the level of recovery found at rivals like Dillard's or Macy's, either, despite a boost from the company's annual sale.

    By Nov. 24, 2021
  • Off-price retailers best Q3 expectations but brace for the holidays

    The segment is mostly overcoming supply challenges while benefiting from full-price sales at other retailers, as consumers grapple with inflation.

    By Nov. 23, 2021
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    Joe Raedle via Getty Images

    Dollar Tree pivots to $1.25 prices even as inflation-wary shoppers seek the retailer out

    The company saw a modest sales bump during the third quarter, with consumers chasing value. Meanwhile, supply chain costs have choked margins.

    By Nov. 23, 2021
  • Authentic Brands puts IPO on hold as it brings in new investors

    Current investors sold significant stakes to CVC Capital Partners and HPS Investment Partners as the branding specialist chases more growth. 

    By Nov. 22, 2021
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    Justin Sullivan via Getty Images
    Column

    The Weekly Closeout: Amazon clashes with Visa and Petco posts 'record' Q3

    The e-commerce giant said it will no longer accept United Kingdom-issued Visa credit cards for transactions, while the pet retailer reported double-digit growth in owned brands.

    By Retail Dive Staff • Nov. 19, 2021
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    Courtesy of Champs

    Foot Locker names COO as sales grow 13% over 2019

    Frank Bracken will take on the newly created role, overseeing global operations, including customer experience, technology and supply chain.

    By Nov. 19, 2021
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    Courtesy of Kohl's

    Kohl's enjoys some upside from inventory scarcity

    Margins spiked and inventory turn reached a 10-year high as product levels came in 25% below 2019 amid shipping delays. 

    By Nov. 19, 2021
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    Daphne Howland/Retail Dive

    Macy's hires the firm behind Saks' e-commerce spinoff

    With activist investors reportedly pushing the department store, Macy's CEO Jeff Gennette acknowledged how Wall Street values online-only retail.

    By Nov. 19, 2021
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    Poike via Getty Images

    Heyday raises $555M in Series C funding

    From April of last year through November 2021, Amazon aggregators have raised nearly $12 billion, according to Marketplace Pulse.

    By Tatiana Walk-Morris • Nov. 18, 2021
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    Bruce Bennett via Getty Images

    CVS plans to close 900 stores

    The drugstore retailer also announced new leaders of its retail business as it refocuses around omnichannel and health services.

    By Nov. 18, 2021
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    Daphne Howland/Retail Dive

    Nearly half of Victoria's Secret's merchandise is delayed as the holidays approach

    The retailer posted a solid Q3, but said it doesn't expect to get some orders in at all due to supply chain disruptions.

    By Nov. 18, 2021