Financial News: Page 106


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    Courtesy of Kate Spade
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    Kate Spade turns to Tinder exec for CMO

    Analysts have been keeping a close eye on the brand, which hasn't managed to replicate the turnaround executed by its fellow Tapestry brand Coach.

    By Nov. 11, 2020
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    National Retail Federation
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    The top retail C-suite moves of 2020

    Here are 10 significant executive leadership changes from a year defined by uncertainty.

    By Nov. 11, 2020
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    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
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    J.C. Penney's deal with Simon and Brookfield is almost done, but its retail struggles aren't

    The retailer's plan to sell itself to landlords has won court approval. Yet operating losses, market share erosion and traffic declines persist. 

    By Nov. 10, 2020
  • Casper
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    Courtesy of Casper
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    Nordstrom ties up with Casper to sell products in stores, online

    The move adds another DTC brand to the department store's roster and allows it to capitalize on the boom the home category has seen in recent months.

    By Nov. 10, 2020
  • What a vaccine could mean for retail

    There's finally hope of an end to a pandemic that has destroyed lives and livelihoods and upended consumer behavior. For now, uncertainty still rules.

    By Nov. 10, 2020
  • Ulta Beauty's shop-in-shops at Target
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    Courtesy of Target
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    Ulta to open 100 Target shop-in-shops

    The two powerhouses have ambitious plans for "hundreds more" as they look to meld specialist category experience with ease and convenience.

    By Nov. 10, 2020
  • Rite Aid storefront.
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    Courtesy of Rite Aid
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    Rite Aid leans on pharmacists in rebranding effort

    The drugstore is also embracing its potential as a beauty retailer, placing beauty ambassadors in some stores with a "spa-like" environment.

    By Nov. 9, 2020
  • A Supreme logo
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    "Supreme Shibuya" by Michael Casim is licensed under CC BY 2.0
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    VF snaps up Supreme for $2.1B, eyes brick-and-mortar expansion

    The brand now faces the conundrum of how to drive growth while maintaining the scarcity model that has propelled its desirability and profits.

    By Nov. 9, 2020
  • Party City beats expectations in a disrupted Halloween season

    After scaling back its pop-up stores, the retailer was helped by increased sales in decorations and better-than-anticipated costume sales. 

    By Nov. 9, 2020
  • A light post sits just below the big red sign on Macy's flagship store.
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    Daphne Howland/Retail Dive
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    Deep Dive

    9 make-or-break retail turnarounds to watch in 2021

    Companies in transformation and survival mode may be looking for normalcy. But the year ahead holds plenty of unknowns. 

    By Nov. 9, 2020
  • Alibaba, Richemont pour $1.1B into Farfetch

    The move underscores China's importance to the luxury market and perhaps a newfound level of urgency for upscale brands to embrace digital.

    By Nov. 6, 2020
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    Retrieved from FFO Home on November 06, 2020
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    Furniture Factory Outlet files for bankruptcy

    The private equity-owned home goods retailer is looking to sell itself in Chapter 11 with a $7 million bid from the company that took over Sears Outlet. 

    By Nov. 6, 2020
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    Column

    Retail Therapy: Gap misses the mark in post-Election Day tweet

    The now-deleted post depicted a half-red, half-blue hoodie getting zipped up with the message, "The one thing we know, is that together, we can move forward."

    By Nov. 6, 2020
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    Daphne Howland/Retail Dive
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    Petco confidentially files IPO papers

    The private equity-owned retailer has seen sales and traffic tick up in the COVID-19 era as pet adoption rises and consumers turn to e-commerce.

    By Nov. 6, 2020
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    CVS picks Aetna exec as next CEO

    The company's healthcare investments and medical care emphasis continue to pay off, as its traditional retail operations falter.

    By Nov. 6, 2020
  • What the past decade did to retail

    As 2020 comes to a close, Retail Dive analyzed trends in apparel, venture capital and financialization that shaped the industry. Check out the full series.

    By Nov. 6, 2020
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    "Pet Valu Store, Pittsburgh" by Tony Webster is licensed under CC BY 2.0
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    Pet Valu to wind down US operations, close all 358 stores

    The specialty pet food and supplies retailer is among the latest to cite the COVID-19 pandemic as placing an irreparable strain on its business.

    By Nov. 5, 2020
  • Shoe seller Clarks strikes deal to be taken over by private equity firm

    Nearly 200 years old, the brand signed a deal meant to help execute a planned restructuring and survive the COVID-19 era. 

    By Nov. 5, 2020
  • Amazon and Williams-Sonoma settle legal battle over IP

    The home retailer and e-commerce giant reached an undisclosed agreement over a lawsuit that delved into Amazon's use of brand names on its site. 

    By Nov. 4, 2020
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    Courtesy of Bed Bath & Beyond
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    Q&A

    Bed Bath & Beyond's chief brand officer on how data-driven marketing helps it thrive

    Cindy Davis detailed how the retailer is transforming digital capabilities for customers seeking inspiration as the pandemic keeps them at home.

    By Chris Kelly • Nov. 4, 2020
  • 5 forces stripping apparel sales in the last decade
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    Adeline Kon/Retail Dive
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    5 forces that stripped apparel sales in the last decade

    Consumers in the past 10 years changed their clothes, from fast fashion to resale, and shunned formality. That bankrupted a lot of retailers.

    By Nov. 4, 2020
  • Wayfair's net income shoots up 164% in Q3

    The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last.

    By Nov. 3, 2020
  • Bankrupt Stein Mart has a $4M bid for its IP

    Setting the baseline for a Nov. 18 auction is Retail Ecommerce Ventures, which may keep Stein Mart alive online after liquidation.

    By Updated Nov. 11, 2020
  • Nike's House of Innovation in New York
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    Cara Salpini/Retail Dive
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    Nike increases layoffs at headquarters to 700

    In July, the retailer said it would lay off "at least" 500 employees. That number has now grown as the company pursues the next phase of its strategy.

    By Nov. 3, 2020
  • The decade of VC funding that shaped e-commerce and the DTC brand
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    Adeline Kon/Retail Dive
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    Deep Dive

    The decade of VC funding that shaped e-commerce and DTC brands

    Direct to consumer might be the buzziest trend in retail over the past 10 years, but it's not where all the money's going.

    By Nov. 3, 2020