Financial News: Page
-
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 Daphne Howland • Oct. 29, 2020 -
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 -
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 -
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 -
Will toys' pandemic-driven growth continue into the holidays?
The category, struggling since the death of Toys R Us, has gotten a boost this year as desperate parents try to keep their kids entertained.
By Ben Unglesbee • Oct. 28, 2020 -
Bed Bath & Beyond plots 10 private labels as part of turnaround plan
The home goods retailer will invest up to $1.5 billion over the next three years in store remodels, technology and owned brands, among other things.
By Caroline Jansen • Oct. 28, 2020 -
Nordstrom to open 2 more Los Angeles-area Local stores
The pandemic has interfered with the department store's ambitious plans to bring its "market strategy" to more cities.
By Daphne Howland • Oct. 28, 2020 -
'Death of an entity': 10 retailers that liquidated this year
The COVID-19 crisis may have indirectly spared some retailers in bankruptcy. But several were forced to wind down when they couldn't find a savior.
By Ben Unglesbee • Oct. 28, 2020 -
Ross shrugs off pandemic with 39 new stores in 17 states
But the off-price retailer says it's finished adding to its fleet this year after opening 66 stores, far fewer than the 100 it had planned.
By Daphne Howland • Oct. 27, 2020 -
Tapestry sticks with interim CEO permanently
Joanne Crevoiserat, previously the conglomerate's CFO, had taken the top role after the abrupt July departure of Jide Zeitlin.
By Daphne Howland • Oct. 27, 2020 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning opts to go it alone rather than sell itself in Ch. 11
Up until last week, the bankrupt off-pricer hadn't chosen whether to reorganize or hand over the keys to a buyer. It made its choice Monday.
By Ben Unglesbee • Oct. 27, 2020 -
Carter's to close at least 200 stores
The largest U.S. children's apparel company is taking advantage of expiring leases and "kickout provisions" to shrink its fleet.
By Daphne Howland • Oct. 26, 2020 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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