Financial News


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    Daphne Howland/Retail Dive

    Sears gets smaller with Florida store closure

    Kmart and Sears department stores are an endangered species, with just a few of each remaining — and the count is getting smaller all the time.

    By Jan. 24, 2022
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    Courtesy of Kohl's

    Kohl's acknowledges takeover interest

    The department store, under pressure from activist investors, reportedly received offers from firms including Sycamore Partners and Acacia Research.

    By Jan. 24, 2022
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    Adeline Kon/Retail Dive/Retail Dive

    The $500M Question: Under Armour COO Colin Browne

    How to spend half a billion dollars in hypothetical money? The athletic brand's operations chief would double down on the circular supply chain. 

    By Jan. 24, 2022
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    Daphne Howland/Retail Dive
    Column

    The Weekly Closeout: Ulta names its first female chief human resources officer

    Also, Mattress Warehouse received an investment from a private equity firm and Coach introduced an apprenticeship program.

    By Retail Dive Staff • Jan. 21, 2022
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    Courtesy of BH Cosmetics

    BH Cosmetics files under Chapter 11

    The indie brand has succumbed to challenges brought on by the pandemic, despite high-profile partnerships last year with Iggy Azalea and Doja Cat.

    By Jan. 21, 2022
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    Courtesy of American Exchange Group

    Aerosoles footwear brand to be acquired by American Exchange

    The shoe seller survived a bankruptcy in 2017 and is set to become its own division under its new parent, which both licenses and owns brands. 

    By Jan. 21, 2022
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    Permission granted by Monos

    Luggage brand Monos raises $10M in Series A funding

    The company plans to use the capital to expand its offline presence, acquire talent and create a more robust product development pipeline.

    By Jan. 21, 2022
  • The story of Toys R Us' bankruptcy is still unfolding, and it still matters

    In ongoing litigation, former suppliers to the retailer allege its leaders should never have signed on to bankruptcy financing that triggered its liquidation. 

    By Jan. 20, 2022
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    Courtesy of Bonobos

    Bonobos CEO exits after 5 years at the company

    Micky Onvural is leaving the company to assume the role of chief marketing and communications officer at financial services firm TIAA, effective Monday.

    By Jan. 20, 2022
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    Chris J Ratcliffe / Stringer via Getty Images

    Morgan Stanley 'less confident' in Gap Inc. leadership

    The mall-based retailer recently missed its third quarter earnings and cut its full year guidance due to supply chain and inventory constraints. 

    By Jan. 20, 2022
  • Women's fashion retailer Escada America files for bankruptcy

    After lawsuits from landlords and ongoing pandemic disruption, the company is trying to close some stores to preserve operations.

    By Jan. 19, 2022
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    Courtesy of Kohl's

    Kohl's investor suggests company sale, sets stage for board fight

    An activist is pushing for more buybacks and asset sales, and alluded to a potential e-commerce spinoff, if not a sale of the entire company. 

    By Jan. 18, 2022
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    Courtesy of Aimé Leon Dore

    LVMH investment arm takes minority stake in streetwear brand Aimé Leon Dore

    The brand will continue to operate in New York City, but the French conglomerate's backing will be key to growth, founder Teddy Santis said.

    By Jan. 18, 2022
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    Courtesy of Saks
    Column

    The Weekly Closeout: Amazon workers will revote on union and Saks debuts Game Day collection

    A tally of ballots for the new union vote will begin March 28. Meanwhile, Saks is making a bigger play for sports fans.

    By Retail Dive Staff • Jan. 14, 2022
  • Office Depot owner delays spinoff as it mulls sale of retail business

    The company paused its plans to separate while it considers Staples' $1 billion offer as well as that of another unnamed buyer.

    By Jan. 14, 2022
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    Tim Boyle via Getty Images

    Omicron 'unlikely to derail' economic growth: Moody's

    Analysts expect the disruption from the new variant to pass quickly. But supply hiccups and inflation will likely last longer.

    By Jan. 13, 2022
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    Clement Surcouf via Getty Images

    How retailers weathered the holidays in 2021

    Some have raised their Q4 guidance after a successful season, while others suffered from supply chain challenges and soft foot traffic.

    By , Jan. 13, 2022
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    Sam Silverstein/Retail Dive

    Foxtrot brings in $100M, plans to open 25 new stores in 2022

    The upscale convenience store chain is also testing cashierless technology and looking to triple the size of its engineering team.

    By Sam Silverstein • Jan. 12, 2022
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    Permission granted by Il Makiage

    Il Makiage parent company secures $130M in funding

    The recent round, which values Oddity at $1.5 billion, was led by billionaire businessman Thomas Tull and Franklin Templeton, among others.

    By Jan. 11, 2022
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    "Big Lots" by Mike Mozart is licensed under CC BY 2.0

    Big Lots plans to add 500 new stores

    The discounter wants to add more than 50 stores in 2022 and accelerate from there as it looks to expand both digitally and in brick and mortar.

    By Jan. 11, 2022
  • Mattress Firm files for IPO

    Around three years after filing for bankruptcy, the retailer is eyeing the public markets with growing losses and $1.2 billion in long-term debt.

    By Jan. 10, 2022
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    Lululemon

    Omicron weighs on Lululemon's stores, sales

    The athleisure seller's CEO said that the pandemic has limited capacity, staff availability and, in some places, store hours. 

    By Jan. 10, 2022
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    Courtesy of Mattel

    The Weekly Closeout: Fanatics acquires Topps and Barbie goes glam with Balmain

    The digital sports platform declared the deal "the foundation of Fanatics Trading Cards business."

    By Retail Dive Staff • Jan. 7, 2022
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    Courtesy of Bed Bath & Beyond

    Amid supply chain challenges, Bed Bath & Beyond's loss widens

    Executives pointed to difficulties around keeping shelves stocked as the retailer's loss grew by more than $200 million from last year.

    By Jan. 6, 2022
  • Hasbro names new CEO and COO

    The toy and gaming giant promoted two executives to top roles in the company as it navigates transformation and industry disruption. 

    By Jan. 6, 2022