Financial News: Page 111
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Home Depot buys back HD Supply in $8B deal
Bringing the industrial goods wholesaler back under its roof may help solidify the home improvement retailer's position among its pro customer base.
By Caroline Jansen • Nov. 16, 2020 -
Guitar Center files for bankruptcy
The retailer has a deal with lenders to cut $800 million in debt and get the company in and out of Chapter 11 by year's end.
By Ben Unglesbee • Updated Nov. 23, 2020 -
5 ways retailers have adapted to a Black Friday unlike any other
Curbside sales, staggered discounts, websites that hold your place in line — retailers are reinventing Black Friday for a pandemic.
By Ben Unglesbee • Nov. 16, 2020 -
Courtesy of Alibaba
Alibaba draws $74B in sales during 11.11 shopping event
The Global Shopping Festival, which spanned 11 days this year, attracted about 800 million consumers and more than 250,000 brands.
By Tatiana Walk-Morris • Nov. 13, 2020 -
Dillard's surprises with Q3 profit despite women's apparel slump
The department store kept an iron grip on expenses, and, in another blow to U.S. malls, appears to be scaling back its brick-and-mortar footprint.
By Daphne Howland • Nov. 13, 2020 -
Target's free loyalty program nears 80M members 1 year after launch
Customers have flocked to Target Circle after the retailer created a rewards program decoupled from its branded credit card.
By Ben Unglesbee • Nov. 12, 2020 -
Best Buy adds Lovesac products to online assortment
The announcement builds on an existing partnership where the products were sold through shop-in-shops in the electronics retailer's stores.
By Caroline Jansen • Nov. 12, 2020 -
Claire's unveils first loyalty program
The retailer joins other companies in enticing consumers with loyalty incentives to further customer engagement during a pandemic.
By Tatiana Walk-Morris • Nov. 12, 2020 -
J.C. Penney launches private apparel brand as it welcomes new owners
The new line features in-demand comfortable styles in inclusive sizing, though the department store warned against calling it athleisure.
By Daphne Howland • Nov. 12, 2020 -
Bebe joins home retail boom through Buddy's rent-to-own franchises
The fashion brand has forged an unusual pact with a retail enterprise found mostly in strip centers, which shows how cutthroat retail is right now.
By Daphne Howland • Nov. 12, 2020 -
Daphne Howland/Retail Dive
Anchors, away: How department stores are ditching malls
A once mutually beneficial relationship is falling apart.
By Daphne Howland • Nov. 12, 2020 -
Bluestar buys Ascena's Justice brand for $90M
The owner of Hurley, Bebe and Brookstone had to up its bid for the tween brand to buy it at a bankruptcy auction.
By Ben Unglesbee • Nov. 11, 2020 -
Courtesy of Kate Spade
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 Daphne Howland • Nov. 11, 2020 -
The top retail C-suite moves of 2020
Here are 10 significant executive leadership changes from a year defined by uncertainty.
By Kaarin Moore • Nov. 11, 2020 -
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 Ben Unglesbee • Nov. 10, 2020 -
Courtesy of Casper
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 Caroline Jansen • 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 Daphne Howland • Nov. 10, 2020 -
Courtesy of Target
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 Cara Salpini • Nov. 10, 2020 -
Courtesy of Rite Aid
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 Daphne Howland • Nov. 9, 2020 -
"Supreme Shibuya" by Michael Casim is licensed under CC BY 2.0
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 Daphne Howland • 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 Ben Unglesbee • Nov. 9, 2020 -
Daphne Howland/Retail Dive
Deep Dive9 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 Ben Unglesbee • 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 Daphne Howland • Nov. 6, 2020 -
Retrieved from FFO Home on November 06, 2020
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 Ben Unglesbee • Nov. 6, 2020 -
Daphne Howland/Retail Dive
ColumnRetail 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 Caroline Jansen • Nov. 6, 2020
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