Financial News: Page 109
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Courtesy of L Brands
L Brands files to spin off Victoria's Secret
The new business, Victoria's Secret & Co, will include Victoria's Secret Lingerie, Pink and Victoria's Secret Beauty.
By Daphne Howland , Kaarin Moore • Updated June 21, 2021 -
Pandemic tees up dollar stores for favorable post-crisis future
Dollar Tree, Dollar General and Five Below benefited from stockpiling into Q3, but stand to gain no matter how long the outbreak continues.
By Daphne Howland • Dec. 3, 2020 -
Express reduces corporate headcount by 10%, again
The retailer scaled back its corporate staff once more following a 10% cut in January after reporting "steep declines" in work and event apparel.
By Kaarin Moore • Dec. 3, 2020 -
FedEx to acquire ShopRunner
The deal, which aims to help the carrier expand its e-commerce capabilities, is expected to close by the end of the year.
By Tatiana Walk-Morris • Dec. 3, 2020 -
Consumers may buy less this holiday. Could retailers actually make more?
At some stores, Black Friday markdowns weren't as steep as years past, in part due to the pandemic's supply chain disruption. There may be a lesson there.
By Daphne Howland • Dec. 3, 2020 -
LVMH's chief digital officer leaves for cryptocurrency startup
The move comes as other brands and retailers retool their executive hires for the digital era.
By Tatiana Walk-Morris • Dec. 2, 2020 -
J.C. Penney plans new beauty concept
On the heels of a deal between Sephora and Kohl's, a J.C. Penney spokesperson said the department store is developing a new beauty offering.
By Cara Salpini • Dec. 2, 2020 -
Courtesy of Walmart corporate blog
Walmart+ drops free shipping minimum
The retail giant still requires at least a $35 order for store-based same-day grocery delivery for members, who pay about $100 each year.
By Daphne Howland • Dec. 2, 2020 -
Men's Wearhouse owner exits bankruptcy
Tailored Brands, slow to adapt to menswear trends that have only accelerated due to the pandemic, faces all its old challenges anew.
By Daphne Howland • Dec. 2, 2020 -
Courtesy of Business Wire
Sephora to open 850 Kohl’s shop-in-shops in break with J.C. Penney
By 2023, the beauty retailer will be winding down its partnership with one department store and ramping up its deal with another.
By Cara Salpini • Dec. 1, 2020 -
Courtesy of Under Armour
Under Armour, Steph Curry launch brand
Innovative footwear, apparel and accessories are features of the collection, with a focus on expanding sports participation for underserved kids.
By Daphne Howland • Dec. 1, 2020 -
Retrieved from Walmart on June 06, 2017
Walmart to lay off more than 1,200 in omnichannel reorganization
The retailer announced in July layoffs were imminent. Execs said new supply chain positions would open as it moves to blend store and online operations.
By Emma Cosgrove • Dec. 1, 2020 -
Sycamore snaps up Ann Taylor, other remaining Ascena brands for $540M
The private equity firm is taking on the largely mall-based brands at a time when the pandemic has further weakened traffic and apparel demand.
By Daphne Howland • Updated Dec. 10, 2020 -
Courtesy of Nordstrom
Anniversary Sale lifts Nordstrom in Q3
The pandemic has forced alterations to its market strategy, but analysts increasingly see the department store as having the best long-term potential.
By Daphne Howland • Nov. 30, 2020 -
Winners and losers of Black Friday 2020
Online sales, curbside and store pickup all surged as a sales event defined by the pandemic took shape.
By Ben Unglesbee • Nov. 28, 2020 -
Getty Images
Black Friday 2020 online sales on pace to grow as much as 42%
While COVID-19 rages across the U.S., consumers are staying home — but still shopping.
By Ben Unglesbee • Nov. 27, 2020 -
Daphne Howland/Retail Dive
For some apparel retailers, Q3 was a comeback quarter
The pandemic has complicated an already tough market, but a few players managed to get it right in the period.
By Daphne Howland • Nov. 25, 2020 -
Cara Salpini/Retail Dive
Victoria's Secret lingerie chief out
John Mehas had led the faltering business since February 2019 and has been replaced by L Brands' international business chief, Martin Waters.
By Daphne Howland • Nov. 25, 2020 -
Daphne Howland/Retail Dive
Dick’s plans new outdoor concept, Public Lands, for 2021 launch
The retailer plans to open two new stores under the banner next year as it chases campers and kayakers in the COVID-19 era.
By Ben Unglesbee • Nov. 25, 2020 -
J. Crew CEO exits
Jan Singer is leaving, and current Madewell executive Libby Wadle will be stepping into the role — the third executive to take the spot in three years.
By Kaarin Moore • Nov. 25, 2020 -
Courtesy of Target
‘Are there bolder moves we can take?’: Ulta president talks Target partnership
Dave Kimbell discusses how the beauty retailer decided on square footage, the number of stores and representing the true experience in a small space.
By Cara Salpini • Nov. 25, 2020 -
How Guitar Center went from jukebox hero to latest pandemic bankruptcy
For years the musical equipment retailer struggled under debt from a private equity buyout. Can Chapter 11 help it turn things around?
By Ben Unglesbee • Nov. 24, 2020 -
Courtesy of Walgreens
Walgreens revamps app, loyalty program
Mobile users can now chat with a pharmacist, book medical care and vaccination appointments and obtain real-time flu alerts.
By Kaarin Moore • Nov. 24, 2020 -
Dick's CEO Ed Stack to step down in February
Company veteran Lauren Hobart, who joined the company as chief marketing officer in 2011, will take over the top spot.
By Cara Salpini • Nov. 24, 2020 -
Best Buy posts 'blockbuster' Q3 with digital sales up nearly 175%
The electronics retailer has kept up its winning streak amid the pandemic, while its growth bodes well for the U.S. consumer.
By Ben Unglesbee • Nov. 24, 2020
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