Financial News: Page 104
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Daphne Howland/Retail Dive
Deep DiveDo malls have any business getting into retail?
REITs' expanding ownership of troubled retailers complicates an investment setup dependent on steady revenue.
By Daphne Howland • Feb. 2, 2021 -
Toys R Us closes its last 2 US stores just over a year after re-launch
The stores were part of a joint venture with b8ta to re-launch the beloved retail brand and provide a marketing platform for toymakers.
By Ben Unglesbee • Feb. 1, 2021 -
Permission granted by QVC
QVC launches livestream shopping channel on YouTube TV
The shopping network is now available on streaming services with a total of 8 million subscribers, including through Hulu + Live TV and AT&T TV.
By Maria Monteros • Feb. 1, 2021 -
Courtesy of Crocs
Nike exec jumps to Crocs
Emma Minto had various leadership roles at the athletic powerhouse for 16 years, and makes the leap as demand for comfy footwear soars.
By Daphne Howland • Feb. 1, 2021 -
Danielle Ternes/Retail Dive
Where to run a store now
The pandemic has changed some consumer habits for the long term, and that alters the retail landscape.
By Daphne Howland • Feb. 1, 2021 -
Stores are open, but the pandemic keeps shoppers away
Despite effective vaccines and more government relief, consumers are playing it safe as COVID-19 cases continue to rise and variants emerge.
By Daphne Howland • Jan. 29, 2021 -
Courtesy of Crate and Barrel
Crate and Barrel, Parachute team up for exclusive collection
The partnership will put the DTC bedding brand in 65 of Crate and Barrel's physical stores and on its website.
By Caroline Jansen • Jan. 29, 2021 -
Daphne Howland/Retail Dive
Neiman's chief digital officer out amid e-commerce revamp
Katie Mullen is leaving, as alums from Apple and Victoria Beckham join the company's merchandising and customer experience team.
By Daphne Howland • Jan. 28, 2021 -
Courtesy of Target
Target partners with Levi’s for lifestyle collection
The big-box retailer is launching a limited-edition line with Levi Strauss, which includes home, pet, accessories and apparel.
By Maria Monteros • Jan. 28, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Family Video, GameStop and the precarious lives of media stores
The team breaks down what went wrong for the last video chain as well as the fates of other retailers of cultural products.
By Ben Unglesbee • Jan. 28, 2021 -
VF's supreme brand right now is The North Face
The apparel company spent $2.1 billion to beef up its portfolio with the viral streetwear label Supreme, but "gorpwear" is where it's at. Just ask Gucci.
By Daphne Howland • Jan. 28, 2021 -
Courtesy of Walgreens
Starbucks exec Rosalind Brewer to take over as Walgreens CEO
She replaces Stefano Pessina, who will shift to become executive chairman of the board after leading the drugstore retailer for six years.
By Daphne Howland • Jan. 27, 2021 -
Courtesy of Express via Businesswire
Express is 'hemorrhaging cash' even as investors gobble up its stock: report
The struggling fashion brand won a financial lifeline in the form of a loan from private equity firm Sycamore Partners. But its sector's travails continue.
By Ben Unglesbee • Jan. 27, 2021 -
Courtesy of Amazon
Amazon to grow its Boston tech hub, add 3K jobs
The e-commerce giant is expanding its presence in the city, building on plans for growth at several other of its tech hubs as well.
By Tatiana Walk-Morris • Jan. 27, 2021 -
"Pet Supplies Plus Centreville OH USA" by Ed!(talk)(Hall of Fame) is licensed under CC BY-SA 3.0
Franchise Group acquires Pet Supplies Plus for $700M
The deal, which is expected to close by March, comes as the pet retail industry is performing particularly well.
By Caroline Jansen • Jan. 27, 2021 -
"Mosaic District, Bright-light district in deep suburbia" by Payton Chung is licensed under CC BY 2.0
Small format ‘Bloomies’ to open this fall
The 22,000-square-foot store is being built in the Mosaic District in Virginia and marks yet another blow to the traditional mall from parent Macy's.
By Daphne Howland • Jan. 27, 2021 -
Beauty retailer L'Occitane files Chapter 11
The brand's U.S. unit looks to use bankruptcy to shed stores as the pandemic weighs on brick-and-mortar sales and accelerates a shift to digital.
By Ben Unglesbee • Jan. 26, 2021 -
Court OKs Christopher & Banks' Ch. 11 sale of e-commerce unit
The bankrupt apparel seller is unloading its online business to an affiliate of Hilco after moving to close its stores.
By Ben Unglesbee • Updated March 1, 2021 -
Courtesy of Walmart
Walmart positions itself as key COVID-19 vaccine provider for rural America
The retailer said it will be able to deliver as many as 13 million doses per month when supplies allow.
By Sam Silverstein • Jan. 26, 2021 -
Courtesy of Belk
Belk to file for bankruptcy after 130 years
Private equity firm Sycamore Partners will retain its majority stake as part of a restructuring deal expected to be complete by the end of February.
By Daphne Howland • Updated Jan. 27, 2021 -
Cole Haan walks back IPO plans
The footwear brand faces an uncertain future as consumers shun traditional work and formal styles in favor of casual fashion.
By Daphne Howland • Jan. 25, 2021 -
Retrieved from Ipsy on January 25, 2021
Ipsy launches personal care brand Refreshments
The brand includes products like body cream and razor kits at a time when the makeup category has suffered due to a shift in consumer focus.
By Caroline Jansen • Jan. 25, 2021 -
Daphne Howland/Retail Dive
42% of retailers expect to restructure as industry revenue declines persist, BDO says
While struggles and distress abound, many companies are investing in e-commerce and other channels as the pandemic reshapes retail.
By Ben Unglesbee • Jan. 25, 2021 -
Cara Salpini/Retail Dive
Away CEO exits barely a year in
Stuart Haselden, who arrived at the brand from Lululemon in January last year, is leaving just four months after he became sole CEO.
By Cara Salpini • Jan. 25, 2021 -
Danielle Ternes/Retail Dive
Deep Dive
After the extremes of 2020, retail resilience means a new sense of what's possible
A pandemic exposed the industry's vulnerabilities and latent survival skills. To weather the next disaster, companies must be agile and take risk seriously.
By Ben Unglesbee • Jan. 25, 2021
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