Financial News: Page 103
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Permission granted by Athleta
As comfort clothing grows, Athleta launches into sleepwear
The Gap-owned brand pitched sleepwear as a "natural extension" that could introduce new customers to its products.
By Cara Salpini • Jan. 6, 2021 -
Permission granted by Family Video
Family Video to close all stores as last-ditch effort comes up short
The last major video rental chain is throwing in the towel as the pandemic and disruption to Hollywood take their toll.
By Ben Unglesbee • Jan. 6, 2021 -
Daphne Howland/Retail Dive
The new retailer-landlord relationship
The pandemic has given many stores a new lease on life.
By Daphne Howland • Jan. 6, 2021 -
Daphne Howland/Retail Dive
Macy's replaces chief merchant after 2 years
Nata Dvir, who leads the department store's beauty and center core merchandising, will take the job next month, reporting to CEO Jeff Gennette.
By Daphne Howland • Jan. 5, 2021 -
Permission granted by Brooks; Edited by Danielle Ternes/Retail Dive
Crisis Management: How a bad Q1 and a small assortment turned into a good year for Mack Weldon
The DTC brand's bottoms business is up "well over 100%" year over year as the company capitalizes on comfort clothing trends.
By Cara Salpini • Jan. 5, 2021 -
New J.C. Penney holds on to key officers as Soltau departs
CFO Bill Wafford is among the executives staying on at the retailer as it searches for a chief executive under new owners.
By Ben Unglesbee • Jan. 4, 2021 -
It's a done deal
Several retail mergers, acquisitions and partnerships closed at year's end and into the new year.
By Daphne Howland • Updated Jan. 5, 2021 -
Jill Soltau leaves J.C. Penney
Soltau arrived two years ago as CEO, but the retailer filed for bankruptcy this year, exiting last month with two mall landlords as its new owners.
By Daphne Howland • Dec. 30, 2020 -
Permission granted by Walmart
DOJ sues Walmart, alleges it helped drive the opioid crisis
The retailer responded with a scathing statement accusing the Justice Department of ethics violations, factual inaccuracies and cherry-picking.
By Ben Unglesbee • Dec. 23, 2020 -
Retrieved from Donald J. Trump video on COVID relief on December 23, 2020
Trump reverses course, signs $900B pandemic relief into law without changes
The House is expected to vote to increase payments to consumers to $2,000 from $600, but the Senate is unlikely to consider it before a new Congress is sworn in.
By Daphne Howland • Updated Dec. 28, 2020 -
"Pet Supplies Plus Centreville OH USA" by Ed!(talk)(Hall of Fame) is licensed under CC BY-SA 3.0
Pet Supplies Plus to acquire some Pet Valu stores
After announcing it would wind down its U.S. operations earlier this year, 40 former Pet Valu locations will reopen under a new name as early as January.
By Caroline Jansen • Dec. 23, 2020 -
Photo illustration by Danielle Ternes/Retail Dive; photograph by Georgeclerk/iStock, Adamkaz/iStock, Nodar Chernishev/iStock, and Scanrail/iStock via Getty Images
Crisis Management: How executives are handling a turbulent time in retail
From the moment the pandemic started, retailers have been in a relative state of chaos. Here's what some companies did about it.
By Cara Salpini • Dec. 23, 2020 -
Daphne Howland/Retail Dive
Nordstrom brings supply chain talent into the C-suite
The retailer's digital sales increased to 54% in 2020, highlighting the importance of supply chain and omnichannel in serving customers.
By A.B. Brown • Dec. 22, 2020 -
Retrieved from Sportsman's Warehouse on December 22, 2020
Bass Pro parent to acquire Sportsman's Warehouse
The deal would create an outdoors sports giant in an era when sales in the sector are booming, with the pandemic driving consumers outside.
By Ben Unglesbee • Dec. 22, 2020 -
Cara Salpini/Retail Dive
Bath & Body Works turns to Ascena, Ross for exec hires
The company is switching up the team as it prepares to spin off the personal care brand, possibly in a matter of weeks.
By Daphne Howland • Dec. 22, 2020 -
The Container Store names new CEO
Satish Malhotra, who previously held leadership roles at Sephora, will take over the chief executive role from Melissa Reiff on Feb. 1.
By Caroline Jansen • Dec. 22, 2020 -
Courtesy of Nike
Nike posts $11B quarter and plans for 30 new stores
The activewear retailer plans to capitalize on its recovery by investing in more growth opportunities, including new stores and digital.
By Cara Salpini • Dec. 21, 2020 -
Brian Tucker/Retail Dive
Congress agrees on $900B pandemic relief package
The second round of support includes $600 in direct payments, half that of the first, but all told could steady the economy as COVID-19 vaccines roll out.
By Daphne Howland • Dec. 21, 2020 -
Permission granted by Grove Collaborative
Grove Collaborative raises $125M to launch new brands
The funding brings the DTC brand to a $1.32 billion valuation as it looks to expand into new categories.
By Maria Monteros • Dec. 21, 2020 -
Permission granted by Brooks; Edited by Danielle Ternes/Retail Dive
Crisis Management: The 3-year strategy that paid off for Brooks this year
Chief Operating Officer Dan Sheridan discusses how the brand's multichannel initiative kept the company alive, and thriving, during the pandemic.
By Cara Salpini • Dec. 21, 2020 -
Guitar Center exits bankruptcy
The musical instrument retailer has added new sources of capital as it tries to start a new chapter.
By Ben Unglesbee • Updated Dec. 23, 2020 -
Barkbox merger with SPAC approved
The new company, which will be renamed "The Original Bark Company," will begin trading on the New York Stock Exchange on Wednesday.
By Caroline Jansen • Updated June 1, 2021 -
Courtesy of Rue21
Bankruptcy alum Rue21 plans to open 15 new stores
The apparel retailer survived Chapter 11 and is posting positive comparable sales and planning an expansion while others in the sector suffer.
By Ben Unglesbee • Dec. 17, 2020 -
Courtesy of Rebag
Rebag opens micro-store in NYC
Customers can both shop and sell their luxury accessories at the new 180-square-foot store at The Shops at Columbus Circle.
By Kaarin Moore • Dec. 17, 2020 -
The pandemic economy weighs on retailers in November
The results could have been worse, given the government's failure to renew financial support to consumers and businesses amid the holiday season.
By Daphne Howland • Dec. 16, 2020
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