Financial News: Page 101


  • Walmart
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    Courtesy of Walmart
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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
  • Exterior of a Belk storefront.
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    Courtesy of Belk
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    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 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 Jan. 25, 2021
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    Retrieved from Ipsy on January 25, 2021
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    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 Jan. 25, 2021
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    Daphne Howland/Retail Dive
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    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 Jan. 25, 2021
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    Cara Salpini for Retail Dive
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    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 Jan. 25, 2021
  • How the COVID-19 pandemic has hit retail
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    Danielle Ternes/Retail Dive
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    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 Jan. 25, 2021
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    Courtesy of Gap Inc.
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    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 Jan. 22, 2021
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    Daphne Howland/Retail Dive
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    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 Jan. 22, 2021
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    Daphne Howland/Retail Dive
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    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 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 men's store
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    Permission granted by MyTheresa
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    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 Jan. 21, 2021
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    Daphne Howland/Retail Dive
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    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 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 Jan. 20, 2021
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    Courtesy of Outer
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    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 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 Jan. 20, 2021
  • How the COVID-19 pandemic has hit retail
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    Danielle Ternes/Retail Dive
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    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 Jan. 19, 2021
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    Courtesy of Birkenstock
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    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 Jan. 19, 2021
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    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 , Updated June 7, 2021
  • 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 Jan. 19, 2021
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    Courtesy of Ipsy
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    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
  • Orange and white exterior of an Ulta Beauty store.
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    Daphne Howland/Retail Dive
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    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 Jan. 15, 2021
  • Former Vice President of the United States Joe Biden speaking with supporters at a community event at Sun City MacDonald Ranch in Henderson, Nevada.
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    The image by Gage Skidmore is licensed under CC BY-SA 2.0
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    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 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 Jan. 15, 2021
  • Market by Macy's
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    Courtesy of Macy's
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    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 Jan. 14, 2021