Financial News: Page 103


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    Photo by Michael Weidemann via Unsplash 

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    5 creative ways malls are repurposing their space

    With lots of square footage and tons of parking, shopping centers are rethinking ways to give their centralized locations new life. 

    By Feb. 9, 2021
  • Exterior photo of a Ralph Lauren storefront.
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    Cara Salpini/Retail Dive
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    Ralph Lauren to shrink office and store footprint as sales remain sluggish

    As the luxury brand struggles to gain a foothold in the COVID-19 era, it is cutting costs and working to win over younger shoppers. 

    By Feb. 8, 2021
  • Target All in Motion
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    Courtesy of Target
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    Target's activewear brand generates $1B in first year

    The All in Motion line is the retailer's 10th private label to hit billion-dollar status.

    By Maria Monteros • Feb. 8, 2021
  • Kohl's turns to Eddie Bauer as outdoor sales surge

    The off-mall department store last year announced a plan to grow its activewear sales from 20% of its business to at least 30%.

    By Feb. 8, 2021
  • Sam's Club partners with Mastercard and Synchrony on rewards program.
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    Courtesy of Sam's Club
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    Sam's Club teams up with Synchrony, Mastercard for rewards program

    The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.

    By Tatiana Walk-Morris • Feb. 8, 2021
  • Dollar General joins 'Beyond the Bag' initiative to reduce plastic waste

    The retailer said it will test recommendations across its store count of more than 17,000 in 46 states.

    By Rosie Bradbury • Feb. 8, 2021
  • How the COVID-19 pandemic has hit retail
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    Danielle Ternes/Retail Dive
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    What awaits retail on the other side of the pandemic

    Everyone wants to get back to normal. Except maybe retailers.

    By Feb. 8, 2021
  • Nordstrom leans on off-price, digital to chase customers and profits

    The department store is phasing out HauteLook and making sweeping changes to how it works with suppliers.

    By Feb. 5, 2021
  • An Ann Taylor storefront in a mall
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    Cara Salpini/Retail Dive
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    Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena

    Simon Property Group claimed the recently created retail entity, which includes Ann Taylor and Lane Bryant, is a riskier venture than originally projected.

    By Feb. 5, 2021
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    Courtesy of photographer Devin Allen, Under Armour, UNDR ARMR x DVNLLN
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    Retailers tout initiatives for Black History Month

    But many Black-owned brands are getting swept up in a public relations rush that could undermine their long-term success.

    By Feb. 5, 2021
  • A Victoria's Secret storefront
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    Cara Salpini/Retail Dive
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    Longtime L Brands CFO to retire, but not before Victoria's Secret spins off

    Stuart Burgdoerfer will oversee the separation of the lingerie business from Bath & Body Works before he leaves in August, the company said.

    By Feb. 4, 2021
  • Hudson's Bay online marketplace will feature more than 500 third-party sellers

    The retailer initially put a call out for Canadian vendors to become part of the digital initiative as it prepped to enter the space in February.

    By , Updated March 22, 2021
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    Courtesy of Walmart
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    Walmart acquires Thunder ad tech as it preps self-serve display portal

    The platform could make advertising on Walmart properties more accessible to small brands, an important step in the retailer's race to catch up with Amazon.

    By Peter Adams • Feb. 4, 2021
  • A Sears store going out of business in 2020
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    Daphne Howland/Retail Dive
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    Sears is closing 13 more stores, further shrinking its footprint

    The once-storied retailer is running low on stores to close, yet its extended liquidation never seems to end.

    By Feb. 4, 2021
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    "Google Bike" by R Boed is licensed under CC BY 2.0
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    Deep Dive

    What does a government reckoning with Google and Facebook mean for retail?

    For many, the tech giants are key to customer acquisition online, and they dominate the market for digital advertising, making them all but unavoidable for retailers. 

    By Feb. 4, 2021
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    Cara Salpini/Retail Dive
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    Everlane taps Nike exec for first chief marketer

    As it grows beyond its startup days, the DTC basics brand also named its first general manager of e-commerce, arriving from Rothy's.

    By Feb. 3, 2021
  • Orange and white exterior of an Ulta Beauty store.
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    Daphne Howland/Retail Dive
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    Ulta to double Black-owned brands by year's end

    In a set of wide-ranging commitments that span several departments, the beauty retailer plans over $25 million in investments to further diversity efforts.

    By Feb. 3, 2021
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    Retrieved from Amazon on July 12, 2017
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    Amazon posts a 'monster' Q4 with pandemic still driving demand

    Sales in North America were up 40% as pandemic-wary shoppers tapped the e-commerce giant and its growing shipping empire. 

    By Feb. 3, 2021
  • Casper
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    Courtesy of Casper
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    Casper taps Walmart e-commerce vet as COO

    Charles Liu replaces Greg Macfarlane, who stepped down from the chief operating and CFO roles last May.

    By Feb. 3, 2021
  • Native hair care
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    Courtesy of Native
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    DTC brand Native launches hair care line

    The company, which primarily sells deodorants and soaps, is debuting its first line of hair products exclusively at Target.

    By Maria Monteros • Feb. 3, 2021
  • Rothy's M Street store in Georgetown
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    Cara Salpini/Retail Dive
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    8 DTC trends to watch in 2021

    While the broader industry outlook remains uncertain, one thing is clear: Digitally native brands will continue to adapt and evolve in the year ahead.

    By , , Maria Monteros • Feb. 3, 2021
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    Getty Images
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    Jeff Bezos to step down as Amazon CEO

    In the third quarter, the founder will be replaced by Andy Jassy, who now leads the company's profitable AWS cloud services unit.

    By Updated Feb. 2, 2021
  • A GameStop storefront in a mall
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    Cara Salpini/Retail Dive
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    GameStop's stock exploded, but traffic to its stores is still down

    Over 2020, visits to the retailer were down more than 27% at the gaming retailer, according to Placer.ai. 

    By Feb. 2, 2021
  • Hudson's Bay lays off 600 store workers in Canada

    The company, which also owns Saks Fifth Avenue and went private last year, said government-enforced lockdowns forced the workforce reduction.

    By Feb. 2, 2021
  • Kendra Scott steps down as CEO of namesake accessories company

    Tom Nolan, who has been with the company since 2014, will take on the top role as Scott remains executive chairwoman and majority owner. 

    By Feb. 2, 2021