Financial News: Page 103


  • A GameStop storefront in a mall
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    Cara Salpini/Retail Dive
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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 June 10, 2021
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    Courtesy of Chico's FAS
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    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 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
  • A J. Jill storefront in a mall
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    Cara Salpini/Retail Dive
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    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 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 June 9, 2021
  • Walmart+ adds savings on prescriptions.
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    Courtesy of Walmart
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    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 June 8, 2021
  • The arms of a person wearing a striped shirt can be seen taking an envelope out of a box filled with clothes.
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    Courtesy of Stitch Fix
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    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 June 8, 2021
  • Family Dollar Dollar Tree combo store
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    Courtesy of Dollar Tree
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    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 June 4, 2021
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    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 June 4, 2021
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    Lululemon
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    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 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 June 3, 2021
  • Target
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    Courtesy of Target
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    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
  • A phone user browses Depop's mobile app.
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    Courtesy of Depop
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    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 June 2, 2021
  • "For lease" signs in empty store windows trimmed in light green paint.
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    Daphne Howland/Retail Dive
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    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 June 2, 2021
  • A Sears store going out of business in 2020
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    Daphne Howland/Retail Dive
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    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 June 1, 2021
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    Fotolia
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    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 May 28, 2021
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    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 May 28, 2021
  • Ulta storefront
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    Courtesy of Ulta
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    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 May 28, 2021
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    Courtesy of Walmart
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    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 Sporting Goods' House of Sport store concept
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    Permission granted by Dick's Sporting Goods
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    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 May 27, 2021
  • Best Buy expands delivery options.
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    Courtesy of Best Buy
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    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 May 27, 2021
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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    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 May 27, 2021
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    Justin Sullivan via Getty Images
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    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 Updated March 21, 2022
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    Daphne Howland/Retail Dive
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    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 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 May 25, 2021