Financial News: Page 101
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Walmart positions itself as key COVID-19 vaccine provider for rural America
The retailer said it will be able to deliver as many as 13 million doses per month when supplies allow.
By Sam Silverstein • Jan. 26, 2021 -
Belk to file for bankruptcy after 130 years
Private equity firm Sycamore Partners will retain its majority stake as part of a restructuring deal expected to be complete by the end of February.
By Daphne Howland • Updated Jan. 27, 2021 -
Cole Haan walks back IPO plans
The footwear brand faces an uncertain future as consumers shun traditional work and formal styles in favor of casual fashion.
By Daphne Howland • Jan. 25, 2021 -
Retrieved from Ipsy on January 25, 2021
Ipsy launches personal care brand Refreshments
The brand includes products like body cream and razor kits at a time when the makeup category has suffered due to a shift in consumer focus.
By Caroline Jansen • Jan. 25, 2021 -
42% of retailers expect to restructure as industry revenue declines persist, BDO says
While struggles and distress abound, many companies are investing in e-commerce and other channels as the pandemic reshapes retail.
By Ben Unglesbee • Jan. 25, 2021 -
Away CEO exits barely a year in
Stuart Haselden, who arrived at the brand from Lululemon in January last year, is leaving just four months after he became sole CEO.
By Cara Salpini • Jan. 25, 2021 -
Deep Dive
After the extremes of 2020, retail resilience means a new sense of what's possible
A pandemic exposed the industry's vulnerabilities and latent survival skills. To weather the next disaster, companies must be agile and take risk seriously.
By Ben Unglesbee • Jan. 25, 2021 -
Athleta extends sizing across its collection
Gap Inc. is leaning on its activewear brand and its discount Old Navy banner for growth as its namesake continues to falter.
By Daphne Howland • Jan. 22, 2021 -
In quest for profit, American Eagle plans as many as 225 store closures
The teen apparel brand will shutter 52 locations this year as its Aerie lingerie label opens just as many.
By Daphne Howland • Jan. 22, 2021 -
Talbots downgraded by S&P as pandemic weighs on sales, cash flow
With an older core customer, the private equity-owned apparel seller has been disproportionately affected by COVID-19's spread, analysts said.
By Ben Unglesbee • Jan. 22, 2021 -
Apparel resale app Curtsy raises $11M in Series A funding
The platform aims to attract casual sellers by streamlining processes, including price recommendations, image improvements and product detail autofilling.
By Tatiana Walk-Morris • Jan. 22, 2021 -
MyTheresa IPO brings in $407M
After years of bitterly fighting over it, the growing online luxury retailer previously owned by Neiman Marcus is trying to start a new chapter.
By Ben Unglesbee • Jan. 21, 2021 -
Retailers welcome swift action from Biden White House to combat COVID-19
Store workers have been left to enforce mask-wearing and social distancing, and deal with sometimes combative customers.
By Daphne Howland • Jan. 21, 2021 -
Fashion apparel makes a comeback, focus on digital deepens, and other 2021 predictions
The pandemic, and recovery from it, will likely define the year as consumers look to refresh their wardrobes and retailers hold on to new practices that worked, analysts say.
By Ben Unglesbee • Jan. 20, 2021 -
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