Financial News: Page 104
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Daphne Howland/Retail Dive
New York faces another possible shutdown of nonessential businesses
As COVID-19 cases surge, Mayor Bill de Blasio indicated that another round of closures could come after Christmas and last a "matter of weeks."
By Ben Unglesbee • Dec. 16, 2020 -
Foot Locker hires new CIO to oversee digital operations
Himanshu Parikh will lead the company's tech strategy and infrastructure, and comes with 25 years of experience at retailers like Michaels and Ross.
By Tatiana Walk-Morris • Dec. 16, 2020 -
andresr via Getty Images
What foot traffic says about post-pandemic retail
Expect malls to be flexible about leases and tenant mix, and this year's rush into the suburbs to endure, according to footfall analytics firm Placer.ai.
By Daphne Howland • Dec. 16, 2020 -
Permission granted by Family Video
An existential moment for the last video store chain
Family Video permanently shuttered half its footprint this year amid fallout from COVID-19. Now it's "all hands on deck" for the tenacious retailer.
By Ben Unglesbee • Dec. 16, 2020 -
Christopher & Banks weighs strategic options, including bankruptcy
After making progress prior to the pandemic, the women's apparel retailer indicated that it might not be able to withstand its current financial strain.
By Ben Unglesbee • Dec. 15, 2020 -
Revlon names new CMO after financing deal
Martine Williamson returns to the beauty brand, this time as chief marketing officer.
By Maria Monteros • Dec. 14, 2020 -
Adidas mulls Reebok sale
The company said it will release its decision on March 10 at the same time as a five-year strategic plan.
By Cara Salpini • Dec. 14, 2020 -
Bed Bath & Beyond to sell off Cost Plus World Market banner
After selling Christmas Tree Shops, PersonalizationMall.com and others this year, the deal marks the final non-core banner divestiture from the company.
By Caroline Jansen • Dec. 14, 2020 -
Current retail trends to 'reverse course' in 2021: Fitch
The ratings firm sees stability next year as consumer health improves and the pandemic "dissipates," but there is still much uncertainty ahead.
By Ben Unglesbee • Dec. 14, 2020 -
Courtesy of Lululemon
After landing $1B in revenue, Lululemon preps for footwear launch
The pandemic has proved no obstacle to the retailer's growth plans, as revenue grew 22% and digital comps rose an astonishing 94%.
By Cara Salpini • Dec. 11, 2020 -
Costco reports strong comps, net sales as foot traffic recovers
The retailer saw e-commerce sales rise 86.2% during the quarter.
By Sam Silverstein • Dec. 11, 2020 -
Daphne Howland/Retail Dive
'Trouble brewing' for malls, including Brookfield and Simon: S&P Global
The pandemic has worsened the situation for mall owners and given retail tenants leverage, and so-called "A" centers haven't been spared.
By Daphne Howland • Dec. 11, 2020 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart looks to play role in COVID-19 vaccine rollout
The retailer is forging agreements with states to administer the vaccine once available and is making sure its pharmacies are equipped to handle doses.
By Ben Unglesbee • Dec. 11, 2020 -
Designer Brands mulls the closure of as many as 80 stores
The footwear retailer struggled to get its inventory right in the third quarter, as the pandemic resurgence once again drove down store traffic.
By Daphne Howland • Dec. 10, 2020 -
J. Jill sales down nearly 30% as it climbs out of 2020's deep hole
Back from the brink of bankruptcy, the apparel seller is still struggling. But the performance marks an improvement over its abysmal second quarter.
By Ben Unglesbee • Dec. 10, 2020 -
Permission granted by Chewy
Chewy reports record sales over Black Friday, Cyber Week
Operating largely online in a growth category has proven beneficial for the pet retailer as consumers remain wary of shopping in stores due to the pandemic.
By Caroline Jansen • Dec. 9, 2020 -
Cara Salpini/Retail Dive
GameStop posts 30% sales drop but sees growth ahead
The pandemic, limited availability of new consoles and a reduced store count hurt the gaming retailer's third quarter sales, but November brought a spike.
By Ben Unglesbee • Dec. 9, 2020 -
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
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 -
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 -
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
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