Financial News: Page 103
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P&G, Billie call off their deal after federal antitrust complaint
The Federal Trade Commission last month said it would block the consumer product giant’s acquisition of the women's shaving startup.
By Daphne Howland • Updated Jan. 6, 2021 -
Dive Awards
Resilient Retailer of the Year: Costco
The company felt the impact of COVID-19, but a loyal customer base and supply chain improvements meant it was down but not out.
By Retail Dive Team • Dec. 9, 2020 -
Adeline Kon/Retail Dive
Dive Awards
The Retail Dive Awards for 2020
In a period unlike any other, these are the companies and individuals that shaped the industry this year.
By Retail Dive Team • Dec. 9, 2020 -
Dive Awards
Company of the Year: Target
The retailer has seen its sales balloon this year amid the pandemic thanks to investments it made years ago in anticipation of consumer shifts.
By Retail Dive Team • Dec. 9, 2020 -
Courtesy of Grace Miller
Dive Awards
Person of the Year: Aurora James
As retailers fretted about how to take action on systemic racism while people took to the streets for Black Lives Matter, a designer clarified things for them.
By Retail Dive Team • Dec. 9, 2020 -
J.C. Penney operations are out of Ch. 11 with Simon-Brookfield deal closed
With bankruptcy behind it, the department store chain can once again focus wholly on its business as it tries to turn around in a tough environment.
By Ben Unglesbee • Dec. 8, 2020 -
Stitch Fix shares soar as revenue beats expecations
Some analysts pointed to key weaknesses, however, including weak month-to-month growth in active clients and a decline in revenue per client.
By Daphne Howland • Dec. 8, 2020 -
Daphne Howland/Retail Dive
Bankrupt Francesca's to be acquired after court approval of winning bid
The fashion retailer's new owners have committed to keeping at least 275 stores open.
By Daphne Howland , Ben Unglesbee • Updated Jan. 22, 2021 -
Igor Alecsander via Getty Images
Moody's sees 2021 apparel comeback, but risks remain high
Post-pandemic, consumers will likely continue to gravitate toward casual styles. But economic uncertainty will also drag on, the firm said.
By Daphne Howland • Dec. 7, 2020 -
Petco raises $939M from IPO
The pet retailer previously indicated it aims to use the proceeds from the stock offering to pay down debt.
By Caroline Jansen , Ben Unglesbee • Updated Jan. 20, 2021 -
Francesca's files for bankruptcy, pursues a sale
The apparel retailer, which struggled for years as mall traffic dwindled and demand for clothing ebbed, may close more stores.
By Daphne Howland • Dec. 4, 2020 -
Daphne Howland/Retail Dive
Pandemic closures hit Ulta's loyalty member growth in Q3
Usually a strong suit, the beauty retailer's loyalty growth was down year over year in a quarter that continued to be hurt by COVID-19 trends.
By Cara Salpini • Dec. 4, 2020 -
Courtesy of Sprouts Farmers Market
The US economy lost nearly 10M jobs since February
Employers failed to add enough jobs in November to ease the fallout from the pandemic, leaving consumers cautious about holiday spending.
By Daphne Howland • Dec. 4, 2020 -
Courtesy of Walmart
Walmart pays out bonuses, extends emergency leave policy for workers
It's the retailer's fourth round of bonuses since the start of the pandemic.
By Tatiana Walk-Morris • Dec. 4, 2020 -
Courtesy of L Brands
L Brands files to spin off Victoria's Secret
The new business, Victoria's Secret & Co, will include Victoria's Secret Lingerie, Pink and Victoria's Secret Beauty.
By Daphne Howland , Kaarin Moore • Updated June 21, 2021 -
Pandemic tees up dollar stores for favorable post-crisis future
Dollar Tree, Dollar General and Five Below benefited from stockpiling into Q3, but stand to gain no matter how long the outbreak continues.
By Daphne Howland • Dec. 3, 2020 -
Express reduces corporate headcount by 10%, again
The retailer scaled back its corporate staff once more following a 10% cut in January after reporting "steep declines" in work and event apparel.
By Kaarin Moore • Dec. 3, 2020 -
FedEx to acquire ShopRunner
The deal, which aims to help the carrier expand its e-commerce capabilities, is expected to close by the end of the year.
By Tatiana Walk-Morris • Dec. 3, 2020 -
Consumers may buy less this holiday. Could retailers actually make more?
At some stores, Black Friday markdowns weren't as steep as years past, in part due to the pandemic's supply chain disruption. There may be a lesson there.
By Daphne Howland • Dec. 3, 2020 -
LVMH's chief digital officer leaves for cryptocurrency startup
The move comes as other brands and retailers retool their executive hires for the digital era.
By Tatiana Walk-Morris • Dec. 2, 2020 -
J.C. Penney plans new beauty concept
On the heels of a deal between Sephora and Kohl's, a J.C. Penney spokesperson said the department store is developing a new beauty offering.
By Cara Salpini • Dec. 2, 2020 -
Men's Wearhouse owner exits bankruptcy
Tailored Brands, slow to adapt to menswear trends that have only accelerated due to the pandemic, faces all its old challenges anew.
By Daphne Howland • Dec. 2, 2020 -
Courtesy of Walmart corporate blog
Walmart+ drops free shipping minimum
The retail giant still requires at least a $35 order for store-based same-day grocery delivery for members, who pay about $100 each year.
By Daphne Howland • Dec. 2, 2020 -
Courtesy of Business Wire
Sephora to open 850 Kohl’s shop-in-shops in break with J.C. Penney
By 2023, the beauty retailer will be winding down its partnership with one department store and ramping up its deal with another.
By Cara Salpini • Dec. 1, 2020 -
Courtesy of Under Armour
Under Armour, Steph Curry launch brand
Innovative footwear, apparel and accessories are features of the collection, with a focus on expanding sports participation for underserved kids.
By Daphne Howland • Dec. 1, 2020
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