Financial News: Page 103
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GameStop fills CEO, CFO spots with former Amazon execs
The retailer has filled out its leadership ranks with e-commerce veterans as it undertakes an overhaul of its model.
By Ben Unglesbee • June 10, 2021 -
Activist shareholder behind L Brands breakup urges 'strategic alternatives' at Chico's
Barington Capital this week slammed the apparel retailer's board and said the value of its Soma lingerie brand may exceed that of the entire company.
By Daphne Howland • June 9, 2021 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
J. Jill rebounds from pandemic doldrums with 42% sales growth
Sales, margins and operating profit are up big time at the women's apparel seller, which had a close brush with bankruptcy last year.
By Ben Unglesbee • June 9, 2021 -
Torrid returns to IPO plans as inclusive sizing catches on
The private equity-owned plus-size apparel retailer, a millennial favorite, abandoned an effort to go public two years ago.
By Daphne Howland • June 9, 2021 -
Walmart, Amazon simultaneously add prescription discounts to membership perks
Both giants are adding discounted medications to their paid subscription services as they expand their footprints across sectors.
By Ben Unglesbee • June 8, 2021 -
Stitch Fix the latest apparel retailer to contemplate resale
The company beat expectations and raised its near-term outlook, but analysts see a murky future as it tries to expand its market.
By Daphne Howland • June 8, 2021 -
As pandemic wanes, dollar stores regain lost ground, grab new sales
Dollar General's "insane" new concept, Dollar Tree looks beyond $1, and Five Below makes a huge comeback: a look at the dollar field in Q1.
By Ben Unglesbee • June 4, 2021 -
Rent the Runway, ahead of rumored IPO, ditches subscription requirement for clothing resale
Previously, those interested in snapping up secondhand items from the rental company had to go to ThredUp or sign up for its service.
By Daphne Howland • June 4, 2021 -
Lululemon revenue up 88% as athleisure shows 'no signs of slowing'
A year after acquiring Mirror, the product is expected to be in 200 stores by the holidays — even as its profitability timeline is murky, according to analysts.
By Kaarin Moore • June 4, 2021 -
PVH shines in Europe but stumbles at home in Q1
The apparel conglomerate also announced leadership changes ahead of what some analysts expect could be major changes in North America.
By Daphne Howland • June 3, 2021 -
Target, Walmart announce overlapping sales events to rival Amazon
When the e-commerce giant announced Prime Day, two of its biggest competitors responded by plotting their own deal days for 24 hours earlier.
By Maria Monteros • June 3, 2021 -
Etsy to buy apparel resale site Depop for $1.6B
The deal ticks key boxes for both companies — and begs the question of why a traditional retailer didn't snap up the Gen Z favorite.
By Daphne Howland • June 2, 2021 -
Deep Dive
Uncertainty lingers, even as consumer confidence rebounds
There are signs of economic recovery and the end of the pandemic, especially in the U.S. But the outlook is uneven and rife with unknowns.
By Daphne Howland • June 2, 2021 -
Deep Dive
Is the never-ending Sears saga finally reaching its closing chapters?
Most of what is left of the one-time empire is a footprint smaller than many regional retailers, and a whole lot of legal bills.
By Ben Unglesbee • June 1, 2021 -
Digital brand company Perch raises $775M to expand globally
The company scales Amazon third-party sellers and other direct-to-consumer brands, and the funds will help fuel its expansion.
By Tatiana Walk-Morris • May 28, 2021 -
Turmoil at Sequential Brands amid late financials, strategic review
Since the fall, the company has lost a CEO and an executive chairman, and has tried to sell off assets while struggling to pay its debts.
By Ben Unglesbee • May 28, 2021 -
Athleta steals the spotlight in Q1 as Gap retrenches
The apparel conglomerate's namesake brand, which lost sales due to hundreds of store closures, has a lot of irons in the fire.
By Daphne Howland • May 28, 2021 -
Ulta posts record quarterly results as CEO Mary Dillon prepares to step down
The executive's last quarter at the helm saw sales and comps surge 65% from 2020. Both metrics also increased over 2019 figures.
By Cara Salpini • May 28, 2021 -
Gap, Walmart team up to unveil new home essentials brand
As the home improvement sector continues to see growth, the two retailers inked a multiyear partnership to launch over 400 products, dubbed Gap Home.
By Maria Monteros • May 27, 2021 -
Dick's sales surge 119% as it invests in stores, private labels
Even compared to 2019, sales at the retailer were up 52% as it prepares for the launch of the Public Lands concept later this year.
By Cara Salpini • May 27, 2021 -
Best Buy comes roaring out of the pandemic era with 37% sales growth
Stimulus and home renovations drove "extraordinarily high" demand at the retailer, which is preparing for permanent changes in shopping habits.
By Ben Unglesbee • May 27, 2021 -
Off-pricers bounce back in Q1
Supply is still a problem, but these retailers are back in the game. All they really needed was stores to reopen.
By Daphne Howland • May 27, 2021 -
Judge dismisses DC attorney general's antitrust suit against Amazon
The district's top lawyer said the court "got this wrong" and is reviewing further legal options.
By Ben Unglesbee • Updated March 21, 2022 -
Downsizing hurts Nordstrom in Q1
Last year's move to shutter 16 full-line stores hampered sales over 2019. Meanwhile, some analysts question a key aspect of its new digital strategy.
By Daphne Howland • May 26, 2021 -
Authentic Brands eyeing possible IPO: Bloomberg
A possible deal to go public could fetch a $10 billion value for the company as it buys up retail brands out of bankruptcy and distress.
By Ben Unglesbee • May 25, 2021