Financial News: Page 112


  • Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Petco confidentially files IPO papers

    The private equity-owned retailer has seen sales and traffic tick up in the COVID-19 era as pet adoption rises and consumers turn to e-commerce.

    By Nov. 6, 2020
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
    Image attribution tooltip
    Bruce Bennett via Getty Images
    Image attribution tooltip

    CVS picks Aetna exec as next CEO

    The company's healthcare investments and medical care emphasis continue to pay off, as its traditional retail operations falter.

    By Nov. 6, 2020
  • What the past decade did to retail

    As 2020 comes to a close, Retail Dive analyzed trends in apparel, venture capital and financialization that shaped the industry. Check out the full series.

    By Nov. 6, 2020
  • Image attribution tooltip
    "Pet Valu Store, Pittsburgh" by Tony Webster is licensed under CC BY 2.0
    Image attribution tooltip

    Pet Valu to wind down US operations, close all 358 stores

    The specialty pet food and supplies retailer is among the latest to cite the COVID-19 pandemic as placing an irreparable strain on its business.

    By Nov. 5, 2020
  • Shoe seller Clarks strikes deal to be taken over by private equity firm

    Nearly 200 years old, the brand signed a deal meant to help execute a planned restructuring and survive the COVID-19 era. 

    By Nov. 5, 2020
  • Amazon and Williams-Sonoma settle legal battle over IP

    The home retailer and e-commerce giant reached an undisclosed agreement over a lawsuit that delved into Amazon's use of brand names on its site. 

    By Nov. 4, 2020
  • Image attribution tooltip
    Courtesy of Bed Bath & Beyond
    Image attribution tooltip
    Q&A

    Bed Bath & Beyond's chief brand officer on how data-driven marketing helps it thrive

    Cindy Davis detailed how the retailer is transforming digital capabilities for customers seeking inspiration as the pandemic keeps them at home.

    By Chris Kelly • Nov. 4, 2020
  • 5 forces stripping apparel sales in the last decade
    Image attribution tooltip
    Adeline Kon/Retail Dive
    Image attribution tooltip

    5 forces that stripped apparel sales in the last decade

    Consumers in the past 10 years changed their clothes, from fast fashion to resale, and shunned formality. That bankrupted a lot of retailers.

    By Nov. 4, 2020
  • Wayfair's net income shoots up 164% in Q3

    The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last.

    By Nov. 3, 2020
  • Bankrupt Stein Mart has a $4M bid for its IP

    Setting the baseline for a Nov. 18 auction is Retail Ecommerce Ventures, which may keep Stein Mart alive online after liquidation.

    By Updated Nov. 11, 2020
  • Nike's House of Innovation in New York
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Nike increases layoffs at headquarters to 700

    In July, the retailer said it would lay off "at least" 500 employees. That number has now grown as the company pursues the next phase of its strategy.

    By Nov. 3, 2020
  • The decade of VC funding that shaped e-commerce and the DTC brand
    Image attribution tooltip
    Adeline Kon/Retail Dive
    Image attribution tooltip
    Deep Dive

    The decade of VC funding that shaped e-commerce and DTC brands

    Direct to consumer might be the buzziest trend in retail over the past 10 years, but it's not where all the money's going.

    By Nov. 3, 2020
  • Image attribution tooltip
    Saad Sharif via Unsplash
    Image attribution tooltip

    CBL, PREIT file for bankruptcy as retail's problems hit mall landlords

    Both entered Chapter 11 with pre-negotiated deals with lenders, after COVID-19 brought massive revenue declines to the mall operators. 

    By Nov. 2, 2020
  • Chico's shores up finances, digital operations amid store closures

    With stricter attention to profitability, the company has permanently closed 28 locations this year and plans as many as 50 more. 

    By Nov. 2, 2020
  • B8ta acquires Re:Store
    Image attribution tooltip
    Courtesy of Re:Store
    Image attribution tooltip

    B8ta acquires retail-as-a-service startup Re:store

    The deal comes after B8ta announced corporate layoffs during the early days of the pandemic.

    By Tatiana Walk-Morris • Nov. 2, 2020
  • How years of investor-friendly finance left retailers vulnerable to crisis
    Image attribution tooltip
    Adeline Kon/Retail Dive
    Image attribution tooltip
    Deep Dive

    How years of investor-friendly finance left retailers vulnerable to crisis

    Public and private companies have transferred billions of dollars to their investors over the years. Could that money have saved their business instead?

    By Nov. 2, 2020
  • Pier 1 relaunches as online store

    After liquidating its physical stores in Chapter 11, the home brand's IP and online assets were sold to Retail Ecommerce Ventures for $31 million.

    By Tatiana Walk-Morris • Oct. 30, 2020
  • Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Under Armour to exit up to 3K wholesale doors, sell MyFitnessPal

    The moves come as the retailer looks to shift to a more DTC-centered approach and drop undifferentiated partners.

    By Oct. 30, 2020
  • Image attribution tooltip
    Yujin Kim/Retail Dive
    Image attribution tooltip

    Pandemic fuels blockbuster Amazon Q3 even without Prime Day

    But the e-commerce giant seems to have ceded some market share to rivals, which are logging even higher increases in online sales, analysts said.

    By Oct. 30, 2020
  • Amazon to hire 100K seasonal workers

    Other retailers, like Walmart and Target, have also hired for roles devoted to same-day services or e-commerce fulfillment during the holidays. 

    By Tatiana Walk-Morris • Oct. 30, 2020
  • Rue21 taps former shopping channel exec as CEO

    Bill Brand, tasked with expanding the apparel retailer's e-commerce and "creating unique brand experiences," replaces interim chief John Fleming.

    By Oct. 29, 2020
  • A worker in a retail store using a phone while working.
    Image attribution tooltip
    Courtesy of Walmart
    Image attribution tooltip

    Walmart launches new test stores to further blend tech and in-store ops

    The prototype locations will allow the retailer to quickly experiment with ways to make fulfillment more efficient and move in-store inventory online. 

    By Oct. 29, 2020
  • LVMH to buy Tiffany for $15.8B, shaving $400M off the price

    The agreement is otherwise unchanged from their previous one, wipes away the companies' dueling lawsuits and is expected to close early next year.

    By Oct. 29, 2020
  • A quotation mark on a blue background.
    Image attribution tooltip
    Kendall Davis/Retail Dive
    Image attribution tooltip
    Podcast

    The Backroom: How retailers are navigating holiday 2020

    As the season kick-starts earlier than ever, the industry braces for a fourth quarter plagued by uncertainty.

    By Retail Dive Staff • Oct. 29, 2020
  • A red Levi's tab sign against a bright blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Levi's shuffles senior leadership to focus on digital strategy

    As the COVID-19 pandemic shifts spending online, the brand will focus on DTC and the digitization of its operations. 

    By Tatiana Walk-Morris • Oct. 29, 2020