Financial News: Page 102
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Cara Salpini/Retail Dive
Les Wexner to exit L Brands board
The original plan when he stepped down as CEO last year was for the company founder and retail legend to remain as "chairman emeritus."
By Daphne Howland • March 18, 2021 -
Courtesy of Adidas
Adidas, Peloton team up on apparel line
The tie-up furthers Peloton's apparel sales and can only help Adidas, though the fairly small collection won't likely be a game-changer.
By Daphne Howland • March 18, 2021 -
Petco adds 1M customers in Q4
The pet retailer made its return to the public stock markets after a year of heightened demand in the category.
By Caroline Jansen • March 18, 2021 -
Five Below to expand higher-price concept to 30% of stores by year-end
The retailer plans to add up to 180 prototype stores that incorporate the Five Beyond concept.
By Ben Unglesbee • March 18, 2021 -
Wayfair names new chief marketer
Bob Sherwin will succeed Ed Macri, who served as chief marketing and product officer and has been with the online retailer for the past 14 years.
By Caroline Jansen • March 17, 2021 -
Courtesy of DSW
DSW parent eyes 65 store closures
Designer Brands is focusing its efforts on the crowded athleisure footwear market as it pulls back on its store count.
By Kaarin Moore • March 17, 2021 -
Tailored Brands CEO to step down
After Dinesh Lathi led the owner of Men's Wearhouse through bankruptcy, the company decided it was "the right time to re-evaluate the skills" of a CEO.
By Ben Unglesbee • March 17, 2021 -
Daphne Howland/Retail Dive
Nordstrom debuts interactive livestreams
In the last year, in response to the pandemic, the retailer launched virtual styling services and enabled shoppable social media.
By Daphne Howland • March 17, 2021 -
Who's afraid of a $15 minimum wage?
A recent bid to raise the federal wage floor failed, but the issue likely isn't going away. And some big names have already pushed their wages way past it.
By Ben Unglesbee • March 17, 2021 -
Tailored Brands' emergency loan gets court sign-off
A minority group of shareholders scrutinized the terms of $75 million in financing just months after the retailer emerged from bankruptcy.
By Ben Unglesbee • Updated April 5, 2021 -
Courtesy of Walmart
Walmart taps Brandon Maxwell to oversee Free Assembly, Scoop
The retailer named the designer, who has worked with Lady Gaga and Michelle Obama, as creative director for some of its elevated private brands.
By Maria Monteros • March 16, 2021 -
Retrieved from Official White House Photo by Adam Schultz.
What would retailers do without the government's pandemic relief?
The spending decline from January to February, even online, shows that the U.S. consumer is showing up only with financial assistance.
By Daphne Howland • March 16, 2021 -
Courtesy of Dick's Sporting Goods
Dick's Sporting Goods launches men's apparel brand
In recent earnings, the retailer pointed to its vertical brands as a large factor in its success as it introduces its VRST athletics line.
By Kaarin Moore • March 16, 2021 -
Toys R Us parent sells controlling stake to owner of Anne Klein, Joseph Abboud brands
WHP Global is taking over management of the famous toy retail brand with an eye on global growth, not long after Tru Kids closed its only two U.S. stores.
By Ben Unglesbee • March 15, 2021 -
Courtesy of Target
Target launches first crafting label in a decade
The retailer introduced Mondo Llama, its latest owned brand that features nearly 400 art supplies.
By Maria Monteros • March 15, 2021 -
Loft to drop plus sizes
The brand, now owned by private equity firm Sycamore Partners, faces a backlash on social media after it said it will limit its offer.
By Daphne Howland • March 15, 2021 -
Daphne Howland/Retail Dive
Who's the 'department store' now?
Big boxes, specialty stores and discounters have stolen share from department stores for years. Now some, most notably Target, are stealing their merchandising playbook too.
By Daphne Howland • March 15, 2021 -
Courtesy of Ulta
Ulta CEO Mary Dillon to step down after 8 years at the helm
Dillon has overseen impressive growth at the beauty specialist over the years and will pass the role to President Dave Kimbell in June.
By Cara Salpini • March 12, 2021 -
Courtesy of David's Bridal
David's Bridal, Betsey Johnson partner on shoe collection
The collection, which includes pumps as well as platform sneakers, is the latest offering from the retailer as it grows its products and tech experiences.
By Kaarin Moore • March 12, 2021 -
Christopher & Banks CEO is out following brand's acquisition in Ch. 11
Keri Jones resigned as the apparel seller gets a second life as a digital and television brand through a partnership with iMedia Brands.
By Ben Unglesbee • March 12, 2021 -
Daphne Howland/Retail Dive
Lord & Taylor relaunches, online only
The Saadia Group bought the 200-year-old department store and its owner, rental site Le Tote, for $12 million at an October bankruptcy auction.
By Daphne Howland • Updated April 19, 2021 -
"Art Van Furniture store, 425 E. Eisenhower Pkwy., Ann Arbor, MI 48108" by Dwight Burdette is licensed under CC BY 3.0
Former Art Van employees win $2M hardship fund from private equity firm
Workers have been pushing for compensation from the liquidated retailer's former owner.
By Ben Unglesbee • March 11, 2021 -
Courtesy of Business Wire
Activist group scales back Kohl's board slate, won't seek control
The department store hit back, defending its board, accusing the investors of shortsightedness and painting their nominees as unqualified.
By Daphne Howland • Updated March 11, 2021 -
Courtesy of NuOrder
B2B e-commerce startup NuOrder raises $45M
The startup intends to leverage the funding to support its growth and expansion within its target markets.
By Tatiana Walk-Morris • March 11, 2021 -
Courtesy of Adidas
Adidas aims for DTC to be 50% of sales by 2025
A new four-year strategy is predicated on doubling e-commerce sales, building up an athleisure offering and refocusing on women, among other things.
By Cara Salpini • March 11, 2021
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