Financial News: Page 106
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Sephora rolls out action plan to address racial bias
The beauty retailer is implementing changes across marketing and merchandising, stores, and employee training.
By Cara Salpini • Jan. 13, 2021 -
GameStop adds former Chewy execs to board as digital holiday sales balloon by 309%
The founder of the pet products e-tailer has taken an activist stake in GameStop and called on it to transform — immediately.
By Ben Unglesbee • Jan. 12, 2021 -
Courtesy of Walmart
Walmart to launch fintech startup with partner Ribbit Capital
The startup will be majority-owned by the retailer. Ribbit Capital's past investments include Affirm, Credit Karma and Robinhood.
By Anna Hrushka • Jan. 12, 2021 -
Dollar Shave Club names new CEO after founder steps down
Former Sur La Table CEO Jason Goldberger will replace Michael Dubin in the top spot. Dubin will remain on as a special adviser and board member.
By Maria Monteros • Jan. 12, 2021 -
Permission granted by Lululemon
Lululemon taps Nike veteran as head merchant
Blanca Gonzalez will lead global merchandising for men's and women's, and focus on growing the company into a "leader in technical apparel."
By Cara Salpini • Jan. 12, 2021 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
Art Van successor Loves Furniture files for bankruptcy
A real estate veteran created a new retailer to fill the void left by the furniture specialist. Things did not go as planned.
By Ben Unglesbee • Jan. 11, 2021 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples plans $2.1B takeover of Office Depot
Office Depot's board is looking into the offer, keeping in mind that the rivals' past two attempts to merge were thwarted by antitrust concerns.
By Daphne Howland • Updated Jan. 12, 2021 -
Permission granted by Bed Bath & Beyond
Bed Bath & Beyond's COO says the company is pivoting to a 'common-sense' supply chain model
The supply chain overhaul, an expected $250 million investment, is part of what will bring the retailer back to sustainable growth, according to executives.
By Emma Cosgrove • Jan. 11, 2021 -
Danielle Ternes/Retail Dive
A timeline of how the pandemic hit retail
Over the past year, Retail Dive tracked store closures and openings, as well as furloughs, layoffs, hirings and bankruptcies. Here's the story of 2020 in numbers.
By Cara Salpini • Jan. 11, 2021 -
Courtesy of J.C. Penney
J.C. Penney revamps activewear private brand as the category surges
The department store, fresh out of bankruptcy, is upgrading its private labels and introducing new ones, a strategy Target has pursued with great success.
By Daphne Howland • Jan. 8, 2021 -
Retrieved from Amazon on March 12, 2018
Amazon shuts down its Pantry service
The move to close one of its earliest grocery programs comes as the company prioritizes its stores and same-day e-commerce service.
By Jeff Wells • Jan. 8, 2021 -
LVMH shakes up Tiffany ranks as the ink dries on $15.8B deal
Louis Vuitton executive Anthony Ledru has replaced Alessandro Bogliolo as CEO, while Rimowa CEO Alexandre Arnault joins the American jeweler.
By Daphne Howland • Jan. 8, 2021 -
Christopher & Banks inches closer to the brink as it defaults on multiple obligations
Financial distress deepens at the apparel seller as it misses payments on the lease of its headquarters and other financial commitments.
By Ben Unglesbee • Jan. 8, 2021 -
Courtesy of American Express
American Express expands small business perks as it reportedly falls under federal investigation
As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices, The Wall Street Journal reports.
By Tatiana Walk-Morris • Jan. 8, 2021 -
Courtesy of Bed Bath & Beyond
Bed Bath & Beyond's net sales slide 5%
The retailer attributed the declines to the sale of non-core banners like Cost Plus World Market and continued store closures.
By Caroline Jansen • Jan. 7, 2021 -
Permission granted by E.A. Crunden
Retailers swiftly condemn riot that delayed Biden election certification
Some business groups blamed the president himself for inciting the pro-Trump mob that stormed the U.S. Capitol on Wednesday.
By Daphne Howland • Jan. 7, 2021 -
Beauty tech company Perfect Corp. raises $50M
The developer of virtual beauty app YouCam Makeup will use the Series C funds to further invest in AI technology and global expansion.
By Tatiana Walk-Morris • Jan. 7, 2021 -
Daphne Howland/Retail Dive
Macy's continues downsizing effort with 45 more store closures
The department store is more than halfway through its previously announced plan to close 125 locations within three years.
By Daphne Howland • Jan. 6, 2021 -
Permission granted by Athleta
As comfort clothing grows, Athleta launches into sleepwear
The Gap-owned brand pitched sleepwear as a "natural extension" that could introduce new customers to its products.
By Cara Salpini • Jan. 6, 2021 -
Permission granted by Family Video
Family Video to close all stores as last-ditch effort comes up short
The last major video rental chain is throwing in the towel as the pandemic and disruption to Hollywood take their toll.
By Ben Unglesbee • Jan. 6, 2021 -
Daphne Howland/Retail Dive
The new retailer-landlord relationship
The pandemic has given many stores a new lease on life.
By Daphne Howland • Jan. 6, 2021 -
Daphne Howland/Retail Dive
Macy's replaces chief merchant after 2 years
Nata Dvir, who leads the department store's beauty and center core merchandising, will take the job next month, reporting to CEO Jeff Gennette.
By Daphne Howland • Jan. 5, 2021 -
Permission granted by Brooks; Edited by Danielle Ternes/Retail Dive
Crisis Management: How a bad Q1 and a small assortment turned into a good year for Mack Weldon
The DTC brand's bottoms business is up "well over 100%" year over year as the company capitalizes on comfort clothing trends.
By Cara Salpini • Jan. 5, 2021 -
New J.C. Penney holds on to key officers as Soltau departs
CFO Bill Wafford is among the executives staying on at the retailer as it searches for a chief executive under new owners.
By Ben Unglesbee • Jan. 4, 2021 -
It's a done deal
Several retail mergers, acquisitions and partnerships closed at year's end and into the new year.
By Daphne Howland • Updated Jan. 5, 2021
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