Financial News: Page 110
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Retrieved from PREIT on October 26, 2020
Mall landlord PREIT gets default notice from bank
The real estate company is trying to restructure its debt as COVID-19 accelerates years of revenue declines.
By Ben Unglesbee • Oct. 26, 2020 -
One year in: Mark Tritton's turnaround at Bed Bath & Beyond
Stepping into the role, analysts questioned whether the retailer was too far gone to be saved. But a year later, the CEO's plan is beginning to bear fruit.
By Caroline Jansen • Updated Oct. 30, 2020 -
Cara Salpini/Retail Dive
With plans for 350 store closures, Gap flees the mall
The apparel conglomerate focused on operational improvements at its annual meeting, and made clear its dependence on Old Navy.
By Daphne Howland • Oct. 23, 2020 -
andreswd via Getty Images
Moody's sees stability in retail going into 2021
Analysts expect a 20% bump to operating profits next year as the fallout from the COVID-19 pandemic starts to settle.
By Ben Unglesbee • Oct. 23, 2020 -
Hurley owner Bluestar bids $60M for Justice tween brand
Ascena Retail Group also told a bankruptcy court that it will close 97 more stores, including Justice, Lane Bryant and Loft locations.
By Daphne Howland • Oct. 22, 2020 -
Courtesy of eBay
EBay creates 'Certified Refurbished' program for reselling used goods
The initiative is part of the platform's effort to continue to gain trust with digital consumers through authentication processes.
By Tatiana Walk-Morris • Oct. 22, 2020 -
galitskaya via Getty Images
The naked truth about apparel's future
The segment was in free fall even before the pandemic. But a bleak 2020 could give way to new opportunities.
By Daphne Howland • Oct. 22, 2020 -
ThredUp confidentially files to go public
The resale apparel market has remained strong during the pandemic and could be key for the sector after it finally wanes.
By Daphne Howland • Oct. 22, 2020 -
Another 'Bealls' buys Stage Stores IP and other assets for $7M
A retailer that shares the name of one of the bankrupt company's banners acquired the national rights to the brand, resolving longstanding confusion.
By Ben Unglesbee • Oct. 21, 2020 -
Courtesy of Kohl's
With new private label, Kohl's stakes strategy on the athleisure boom
More store space will be dedicated to the category, an attempt to become "the most trusted retailer of choice for the active and casual lifestyle."
By Daphne Howland • Oct. 21, 2020 -
Retrieved from Stein Mart on October 14, 2020
8 legacy retailers that wound up in bankruptcy this year
These companies made it through world wars, social upheaval and depressions, but met their undoing in a year defined by a pandemic.
By Daphne Howland • Oct. 21, 2020 -
J.C. Penney signs deal to be taken over by landlords Simon and Brookfield
The parties hope to close the acquisition in time for the holidays.
By Ben Unglesbee • Updated Oct. 29, 2020 -
Courtesy of Allbirds
With fresh capital in hand, Allbirds moves into apparel
After raising $100 million in September, the DTC brand debuted a four-piece apparel collection at a time when many are fighting to survive in the space.
By Cara Salpini • Oct. 20, 2020 -
Courtesy of Target
Target gives frontline workers $70M in bonuses ahead of holidays
The retailer is paying $200 to employees as they face an unprecedented and likely stressful shopping season haunted by the coronavirus pandemic.
By Ben Unglesbee • Oct. 20, 2020 -
andresr via Getty Images
What September's retail sales rebound means for the holidays
As the U.S. faces another apparent pandemic surge, a wobbly economy and a national election, uncertainty rules.
By Daphne Howland • Oct. 19, 2020 -
Stein Mart's IP up for sale
As it liquidates in bankruptcy, the discount retailer is putting its brand name and other nonphysical assets on the market.
By Ben Unglesbee • Oct. 19, 2020 -
Deep Dive
Life after liquidation: Why some brands thrive after closing shop and others don't
The market keeps growing for retail IP even after physical stores close. But does every dead retail brand need saving?
By Ben Unglesbee • Oct. 19, 2020 -
Courtesy of Amazon
Amazon returns to 'debt-fueled growth' amid online boom
The e-commerce giant has been frantically building capacity and could spend $20 billion on shipping in Q4 as sales surge, according to Moody's.
By Ben Unglesbee • Oct. 15, 2020 -
Cara Salpini/Retail Dive
Away's Steph Korey steps down as co-CEO
Former Lululemon exec Stuart Haselden is taking over as sole CEO, part of a plan the DTC brand announced earlier this year.
By Cara Salpini • Oct. 15, 2020 -
Bed Bath & Beyond to sell Christmas Tree Shops banner
Combined with a sale of its Linen Holdings business and a distribution center, the home goods retailer expects to generate some $250 million from the deals.
By Caroline Jansen • Oct. 14, 2020 -
Daphne Howland/Retail Dive
Macy's taps retail consultant as CFO
Before joining Boston Consulting Group, Adrian Mitchell held various executive positions at retailers including Crate and Barrel and Target.
By Daphne Howland • Oct. 14, 2020 -
Ascena moves to sell Justice tween brand for $35M
The apparel brand, once the top performer, has faltered in recent quarters, but CEO Gary Muto expects its bankruptcy auction to be competitive.
By Daphne Howland • Oct. 14, 2020 -
Courtesy of Walmart
Walmart spreads Black Friday deals throughout November
The retail giant plans three separate events that begin online and end in stores and will offer curbside pickup for sales event purchases.
By Ben Unglesbee • Oct. 14, 2020 -
Centric Brands exits bankruptcy
The company shed some $700 million in debt in Chapter 11 and is looking for growth upon emerging from the court process.
By Ben Unglesbee • Oct. 13, 2020 -
andresr via Getty Images
As holiday shopping begins, half of consumers hurt economically by pandemic
A new report from PwC found that many consumers are grappling with lost income and jobs, and a majority are also concerned about COVID-19 in stores.
By Ben Unglesbee • Oct. 12, 2020
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