Financial News: Page


  • Casper
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    Courtesy of Casper
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    Casper's quarterly loss narrows after public debut

    However, the mattress brand provided weaker than anticipated first quarter earnings guidance as a result of the evolving situation around COVID-19.

    By March 23, 2020
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    Joann
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    Joann downgraded as pandemic disruption looms

    The crafting retailer joins Party City in getting downgraded into C-territory from S&P as COVID-19 takes its toll on sales.

    By March 23, 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
  • RTW Retailwinds taps new CEO from within

    Traci Inglis arrived from TechStyle Fashion Group last June as chief marketing and customer officer and succeeds Gregory Scott.

    By March 20, 2020
  • Walmart to add another 50K employees, require associates to wear masks

    After hiring 5,000 people a day in recent weeks, the big-box retailer plans another surge of new associates as it races to meet demand.

    By , Updated April 20, 2020
  • Party City downgraded on weak sales, coronavirus disruption

    S&P pushed the retailer into C-level territory, citing declines in Q4 and "significant headwinds" from the pandemic gripping the U.S.

    By March 20, 2020
  • Facebook announces $100M in grants to small businesses impacted by COVID-19

    The social media company is working to provide some relief in response to the global pandemic. 

    By Tatiana Walk-Morris • March 19, 2020
  • LVMH reiterates Tiffany takeover plans

    The luxury company said, contrary to rumors, it won't buy the jeweler's shares on the open market but will instead stick to their agreement.

    By Updated March 23, 2020
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    NRF pushes government to come to retail's aid

    The group appealed to the White House and Congressional leaders for rent and various forms of tax relief as COVID-19 curtails most shopping.

    By March 19, 2020
  • Kohl's storefront
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    Courtesy of Kohl's
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    Temporary closures could wipe out up to 50% of some retailers' annual profits, Cowen says

    After temporarily shuttering more than 11,000 stores, analysts predict sales could fall by 12% this year for specialty and department store retailers.

    By March 19, 2020
  • Distressed retailers struggled with falling sales for years — and then came coronavirus

    With shoppers shunning stores or being barred outright, the entire industry will take a hit. What will happen to the retailers that were already in trouble?

    By March 19, 2020
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    Simon Property Group
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    Taubman joins Simon Property in closing its shopping centers.

    Taubman is closing most of its shopping centers, joining its suitor Simon Property, which is closing around 200 malls in the U.S.

    By Updated March 20, 2020
  • Macy's closes all of its stores through March

    The retailer joined Neiman Marcus, Nordstrom and scores of others voluntarily shutting down stores to help tackle the spread of COVID-19.

    By March 18, 2020
  • Empty shelves at Fred Meyer
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    Jeff Wells/Retail Dive
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    Retailers brace for the impact of coronavirus

    While consumers' appetite for discretionary shopping has decreased substantially, mass merchants and grocery stores grapple with new demands.

    By March 18, 2020
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    Jennifer Goodman/Retail Dive
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    Malls in New Jersey shut down on governor's order

    They've closed elsewhere, too, as governments and businesses fight the spread of COVID-19. Many are still open, though, with some questioning why. 

    By March 18, 2020
  • L Brands leans on its revolver for cash as it braces for store shutdowns

    The retailer was also recently downgraded by Moody's, which warned that the divestment of Victoria's Secret takes diversity out of the company's portfolio. 

    By March 18, 2020
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's to sell Lands' End online, in stores

    The apparel company, which was once known for its association with Sears, will sell merchandise in 150 Kohl's stores starting this fall.

    By March 17, 2020
  • Retail at risk as consumers hunker down

    The industry is reeling as the U.S. takes precautions and shoppers adopt new habits. What is the new normal, and how long will it last?

    By March 17, 2020
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    Shaun Lucas/Retail Dive/Retail Dive, data from Getty Images
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    Retail sales rise 5.4% in July as consumers throw caution to the wind

    Inflation fueled much of the rise, but volume growth was also more robust than last year.

    By Retail Dive Staff • Updated Aug. 14, 2026
  • Ascena gives its balance sheet some relief, but analysts still expect a restructuring

    After buying back its own debt on the cheap, the distressed apparel seller maintained that it wasn't considering bankruptcy. 

    By March 17, 2020
  • Amazon hires 100K, opens 75K additional roles as COVID-19 surges demand

    E-commerce has boomed as consumers worldwide practice social distancing and self-quarantining, leading e-tailers to amp up their supply chains to cope.

    By Shefali Kapadia • Updated April 13, 2020
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    Getty Images
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    Tracking retail's response to the coronavirus

    J.C. Penney has joined the growing list of retailers requiring customers to wear masks in its stores, following Walmart, Target and others.

    By Retail Dive Staff • Updated July 23, 2020
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    Permission granted by Even Glemmestad
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    Retailers implore consumers to avoid panic buying as shelves swiftly empty

    The National Retail Federation and Retail Industry Leaders Association said supply chains are strong, and cautioned against closing stores.

    By March 16, 2020
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    Yujin Kim/Retail Dive
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    Out-of-stocks surge at Amazon amid panicked shopping

    The e-commerce giant is out of some key goods and is extending shipping times as consumers stockpile amid the COVID-19 pandemic.

    By March 16, 2020
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    Gap Inc. profits plunge despite Old Navy recovery

    Outgoing CFO Teri List-Stoll said Thursday that the company is "evaluating" its namesake brand, which she said needs to "earn its way in the portfolio."

    By March 13, 2020
  • Former Toys R Us suppliers allege execs, directors took millions as retailer crumbled

    A trust representing more than 100 creditors accuses the defunct toy seller's private equity owners and managers of pervasive conflicts of interest and fraudulent behavior. 

    By March 13, 2020