Financial News: Page 10


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    Yujin Kim/Retail Dive
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    These retailers could file for bankruptcy in 2025

    From At Home to Guitar Center, here’s who’s most at risk in the year ahead.

    By Updated Jan. 18, 2025
  • Reebok’s US operations acquired by Galaxy Universal

    Under new ownership, the company plans to open more full-price or experiential stores, according to a Reebok executive. 

    By Jan. 13, 2025
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    Permission granted by Big Lots
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    Column

    The Weekly Closeout: Ulta’s future and Big Lots’ store-saving deal

    The beauty retailer named a new CEO while Big Lots closed on a sale agreement that will enable it to keep hundreds of stores open.

    By Retail Dive Staff • Jan. 10, 2025
  • A stack of True Religion jeans for sale at a storefront.
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    John Shearer/WireImage for HollyRod Foundation via Getty Images
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    Private equity firm buys controlling stake in True Religion

    The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.

    By Laurel Deppen • Jan. 10, 2025
  • A person in a red sweater smiles at the camera while sitting on a beige couch. On a table in front of him are several phone cases and some housewares displayed on an orange tray.
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    Bryan Bedder via Getty Images
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    Consortium Brand Partners acquires Jonathan Adler

    This is the private equity firm’s third acquisition in 18 months, following previously announced deals with Draper James and Outdoor Voices.

    By Lara Ewen • Jan. 9, 2025
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    Courtesy of Instacart
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    Holiday e-commerce hits a record as shoppers choose phones over stores

    Consumers sought out deals but inflation didn’t really tamp down demand during the season, according to the latest figures from Adobe Analytics.

    By Jan. 8, 2025
  • A person wearing jeans and a sweater holds a credit card over a laptop, with a blurry holiday tree in the background.
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    stock photo via Getty Images
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    Over a third of consumers took on debt this holiday season

    By generation, millennials took on the most, while baby boomers took on the least, according to a recent LendingTree survey.

    By Howard Ruben • Jan. 6, 2025
  • Person holding a mobile phone in front of a Christmas tree.
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    fizkes via Getty Images
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    US retail sales rose 3.8% this holiday season

    Consumers were motivated by deals with last-minute purchases accounting for 10% of all holiday spending, per Mastercard.

    By Jan. 6, 2025
  • A person in a red and white floral top and goldtone hoop earrings faces the camera.
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    Courtesy of Laura Ashley
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    Marquee Brands acquires Laura Ashley

    With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.

    By Lara Ewen • Jan. 6, 2025
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    Courtesy of Vera Bradley
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    Column

    The Weekly Closeout: Vera Bradley urged to sell and Fleet Feet makes an acquisition

    Fund 1 Investments in a letter pushed the accessories brand to consider strategic alternatives, while the footwear retailer bought South Sound Running.

    By Retail Dive Staff • Jan. 3, 2025
  • Perfect Corp expands into luxury fashion with Wannaby acquisition

    The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel. 

    By Jan. 2, 2025
  • A Big Lots storefront with a cloudy gray sky
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    Nate Delesline III/Retail Dive
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    Big Lots’ new deal could keep up to 400 stores open

    Under the transaction, Variety Wholesalers would acquire at least 200 stores and up to two distribution centers, saving jobs in the process.

    By Dec. 30, 2024
  • The exterior of a DXL Men's Apparel store
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    "Destination XL Group - DXL (51788714899).jpg" by Ajay Suresh is licensed under CC BY 2.0
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    Destination XL gets offer to go private

    The big and tall men’s apparel retailer “would be far better served” as a private company, Fund 1 says.

    By Nate Delesline III • Dec. 26, 2024
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Retail Dive
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    Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition

    Saks CEO Marc Metrick will lead the expanded company, while chief merchant Tracy Margolies will take over as Bergdorf Goodman’s president. 

    By Nate Delesline III • Dec. 24, 2024
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Party City to close all stores in bankruptcy

    About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.

    By Dec. 23, 2024
  • A downtown department store building
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    Daphne Howland/Retail Dive
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    Nordstroms succeed in taking company private for $6.25B

    The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.

    By Dec. 23, 2024
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
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    Cara Salpini/Retail Dive
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    Nike CEO: Wholesale partners ‘feel we’ve turned our back on them’

    Elliott Hill, who just took over the top spot in October, vowed a return to stronger relationships with its partners as sales fell 8% in Q2.

    By Dec. 20, 2024
  • Walmart cart outside of a Florida supermarket on Nov. 18 24
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    Joe Raedle via Getty Images
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    The Weekly Closeout: Walmart to invest $1.3B in Chile and what Nike’s stumble means for Foot Locker

    The big-box retailer’s plans include 70 new stores across Chile, while the sportswear giant’s DTC about-face could be a boon to Foot Locker.

    By Retail Dive Staff • Dec. 20, 2024
  • Exterior shot of a Birkenstock store.
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    Courtesy of Birkenstock
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    Birkenstock closes out its fiscal year on a high note

    The German footwear brand is carefully calibrating its wholesale and direct-to-consumer strategies, with plans to grow its store count by 50% next year.

    By Dec. 19, 2024
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    Joe Raedle / Staff via Getty Images
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    CFPB swats at retail credit cards

    The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

    By Lynne Marek • Dec. 19, 2024
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    J.C. Penney loss narrows in Q3 as sales declines continue

    The department store has more flexibility than others attempting a turnaround, but ongoing top-line weakness clouds its longer-term prospects.

    By Dec. 18, 2024
  • Taylor Swift book promotion for Target.
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    Courtesy of Target
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    5 retailers that need a great 2024 holiday season

    Some companies are coming off a tough quarter, while others switched leadership or are dealing with changing consumer behavior. But all of these retailers need a W. 

    By Dec. 17, 2024
  • Vera Wang at the Met Gala.
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    Aliah Anderson via Getty Images
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    Vera Wang sells namesake brand to WHP Global

    Wang will become a shareholder and continue to lead the label’s creative direction.

    By Laurel Deppen • Dec. 16, 2024
  • An Academy Sports + Outdoors storefront.
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    Courtesy of Academy Sports and Outdoors
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    Academy Sports and Outdoors to expand Nike offerings amid declining sales

    In April next year, the sporting goods retailer intends to introduce “full assortments” of the brand into more than 140 stores.

    By Tatiana Walk-Morris • Dec. 16, 2024
  • PayPal and Venmo logos on sign sitting on merchant's counter next to a clerk's digital display for payments.
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    Courtesy of PayPal
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    PayPal to raise prices for merchants

    The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

    By Lynne Marek • Dec. 16, 2024