Financial News: Page 110
-
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 -
Retrieved from Walmart on May 14, 2019
Walmart adds to its last-mile arsenal with acquisition of startup assets
The retailer will purchase select properties, including talent and technology, from peer-to-peer delivery firm JoyRun.
By Jeff Wells • Nov. 24, 2020 -
Courtesy of Amazon
With relatively few stores, Amazon touts holiday pickup options
The e-commerce giant is suddenly at something of a disadvantage as fulfillment promptness remains a worry.
By Daphne Howland • Nov. 23, 2020 -
Courtesy of Ugg / Evan Joseph
Ugg opens first flagship in NYC
The retailer will open a fleet of flagship stores internationally starting in 2021.
By Kaarin Moore • Nov. 23, 2020 -
Why off-price won't change much, even after a pandemic
With apparel sales sliding and e-commerce more important than ever, these retailers were expected to scramble. Their third quarter showed otherwise.
By Daphne Howland • Nov. 23, 2020 -
Lululemon names new CFO
Meghan Frank has served as co-CFO in the interim since April, and her appointment comes shortly after several exec moves in October.
By Cara Salpini • Nov. 20, 2020 -
Retrieved from Caleres on November 20, 2020
Caleres to close 133 Naturalizer stores in shift to digital
Hit by the pandemic, many of the locations under the women's footwear brand had become unprofitable, while more sales were originating online.
By Ben Unglesbee • Nov. 20, 2020 -
Ross keeps customers coming to stores in steady Q3
Profits declined more than 64%, but the off-price retailer stayed in the black and even bested its rivals despite having no e-commerce.
By Daphne Howland • Nov. 20, 2020 -
Cara Salpini/Retail Dive
Victoria's Secret rebound lifts L Brands as Q3 profits soar
While Bath & Body Works for several quarters seemed to be the retailer's only hope, its lingerie brand's new strength is poised to change that narrative.
By Daphne Howland • Nov. 19, 2020 -
RadioShack brand acquired by new owner of Pier 1, Modell's IP
Retail Ecommerce Ventures has been on a buying spree of distressed retail intellectual property.
By Ben Unglesbee • Nov. 19, 2020 -
Daphne Howland/Retail Dive
Despite 'strong' Q3, Macy's operating loss approaches $5B for the year
The retailer's e-commerce rose at a steady clip and brought in new and younger customers, but its stores may be a problem even when they're open.
By Daphne Howland • Nov. 19, 2020 -
Courtesy of Walmart
Walmart doubles number of personal shoppers for the holidays
The big-box retailer has over 150,000 associates dedicated to filling orders, including grocery.
By Tatiana Walk-Morris • Nov. 19, 2020 -
Kendall Davis/Retail Dive
Podcast
The Backroom: J.C. Penney's slow ride through bankruptcy
The department store's deal to sell itself to landlords Simon and Brookfield is in its final stages. But the retailer's struggles are far from over.
By Retail Dive Team • Nov. 19, 2020 -
As pandemic continues, Home Depot and Lowe's continue to reap benefits
Heading into the winter months, analysts don't expect the sales boom to subside as consumers will be forced to stay inside more.
By Caroline Jansen • Nov. 18, 2020 -
Courtesy of Target
Target steals more market share as same-day channels grow 217% in Q3
The retailer posted banner numbers across the board as consumers leaned on its digital-first services, and flocked to its stores, too.
By Ben Unglesbee • Nov. 18, 2020 -
Cara Salpini/Retail Dive
Wedding apparel retailer Brideside abruptly shuts down
Customers that have questions about orders are instructed to contact individual designers because the company is "no longer able to field inquiries."
By Kaarin Moore • Nov. 18, 2020 -
TJX to launch HomeGoods e-commerce as the category fuels stellar Q3
The off-price retailer faces uncertainty during the holiday quarter, however, and that may not ease until the pandemic ends.
By Daphne Howland • Nov. 18, 2020 -
Out of stocks hit Casper's top line
The online mattress brand faced net revenue declines of 3.3%, while others in the category continue to win during the pandemic.
By Caroline Jansen • Nov. 17, 2020 -
Courtesy of Amazon
Amazon jumps into pharmacy business, Prime members set to get steeper discounts
This move is a direct threat to retail pharmacy incumbents. CVS Health and Walgreens were hit in early market trading.
By Samantha Liss • Nov. 17, 2020 -
Courtesy of Kohl's
Kohl's disappoints in Q3 despite location advantage
The retailer proved the benefit of being away from the mall, but weak e-commerce hurt in the period as the pandemic discourages indoor shopping.
By Daphne Howland • Nov. 17, 2020 -
Courtesy of Walmart corporate blog
Walmart sales gains slow in Q3 but remain strong ahead of the holidays
The retailer's sales rose 6.2% in the U.S. thanks to higher ticket values as visits slowed.
By Ben Unglesbee • Nov. 17, 2020 -
Daphne Howland/Retail Dive
Francesca's to close 140 stores
The apparel retailer, which runs most of its stores in malls, also reiterated that it might take its restructuring efforts to bankruptcy court.
By Daphne Howland • Nov. 16, 2020 -
Tailored Brands looks to exit bankruptcy later this month
The owner of Men's Wearhouse and Jos. A. Bank won court approval for its bankruptcy plan, which would eliminate some $686 million in debt.
By Ben Unglesbee • Nov. 16, 2020 -
Taubman agrees to discount, clearing path to Simon merger
The largest U.S. mall developer shows signs of stress as the pandemic accelerates the model's decline, so likely needs to take over its smaller rival.
By Daphne Howland • Nov. 16, 2020
Previous
