Financial News: Page


  • Ulta Beauty's shop-in-shops at Target
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    Courtesy of Target
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    ‘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 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 Nov. 24, 2020
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • Walgreens revamps its app.
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    Courtesy of Walgreens
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    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 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 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 Nov. 24, 2020
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    Retrieved from Walmart on May 14, 2019
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    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
  • A blurry figure walking into a store.
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    Courtesy of Amazon
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    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 Nov. 23, 2020
  • Ugg opened its first flagship store in NYC.
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    Courtesy of Ugg / Evan Joseph
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    Ugg opens first flagship in NYC

    The retailer will open a fleet of flagship stores internationally starting in 2021. 

    By 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 Nov. 23, 2020
  • Caleres moves to shut Naturalizer stores and focus on e-commerce.
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    Retrieved from Caleres on November 20, 2020
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    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 Nov. 20, 2020
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    Lululemon
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    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 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 Nov. 20, 2020
  • A Victoria's Secret storefront in a mall
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    Cara Salpini/Retail Dive
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    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 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 Nov. 19, 2020
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    Daphne Howland/Retail Dive
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    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 Nov. 19, 2020
  • Walmart hires personal shoppers for the holiday 2020 season.
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    Courtesy of Walmart
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    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
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    Kendall Davis/Retail Dive
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    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 Nov. 18, 2020
  • The outside of a Target location in Martinsburg, Virginia
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    Courtesy of Target
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    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 Nov. 18, 2020
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    Cara Salpini/Retail Dive
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    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 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 Nov. 18, 2020
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    Casper
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    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 Nov. 17, 2020
  • Amazon Pharmacy
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    Courtesy of Amazon
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    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
  • Kohl's storefront
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    Courtesy of Kohl's
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    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 Nov. 17, 2020
  • Two blue bags with groceries on a doorstep.
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    Courtesy of Walmart corporate blog
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    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 Nov. 17, 2020