Financial News: Page 29
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Kaarin Vembar/Retail Dive
DTC’s outlook for 2024
As the new year kicks off, the space has already seen many C-suite changes, acquisitions and sales.
By Caroline Jansen • Jan. 31, 2024 -
Permission granted by Walmart
Walmart announces 3-for-1 stock split
The retailer said the move, the 12th in its history, will keep share purchase prices within reach for associates.
By Nate Delesline III • Jan. 31, 2024 -
Daphne Howland/Retail Dive
H&M Group CEO is out
Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.
By Daphne Howland • Jan. 31, 2024 -
Courtesy of Thinx
Thinx to lay off 95 employees
The job cuts, impacting workers in New York, take effect on May 1.
By Caroline Jansen • Jan. 31, 2024 -
Kirkland’s secures $12M in additional debt financing
The retailer, which earlier this month named a new CEO, said the additional financing will support its repositioning efforts.
By Nate Delesline III • Jan. 29, 2024 -
Ian Gavan via Getty Images
Superdry CFO to step down as the company warns of rough market conditions
The departure marks the fourth finance chief to leave the troubled retailer in five years.
By Grace Noto • Jan. 29, 2024 -
Daphne Howland/Retail Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
By Daphne Howland • Jan. 26, 2024 -
Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
Despite stock slide, Birkenstock is positioned for growth: analysts
Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.
By Laurel Deppen • Jan. 26, 2024 -
Permission granted by Petco
ColumnThe Weekly Closeout: Petco deepens healthcare ties as Sephora’s leadership shakeup continues
The pet retailer partnered with Nationwide on customizable pet insurance, while the beauty retailer’s top ranks saw more movement.
By Retail Dive Staff • Jan. 26, 2024 -
Courtesy of Impossible Foods
Impossible Foods makes executive changes for a ‘decisive year,’ CEO says
The plant-based pioneer appointed Colgate-Palmolive veteran Elaine Paik as its new CFO, while Emma Hutchens takes over as chief people officer.
By Elizabeth Flood • Jan. 24, 2024 -
Spencer Platt via Getty Images
Amer Sports eyes $8.7B valuation in IPO
The retailer, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.
By Nate Delesline III • Jan. 23, 2024 -
Kaarin Vembar/Retail Dive
Macy’s rejects $5.8B take-private offer
The move nevertheless puts the retailer's shareholders in a quandary and a spotlight on incoming CEO Tony Spring, analysts say.
By Daphne Howland • Jan. 22, 2024 -
Justin Sullivan via Getty Images
Walmart ups store manager pay to an average $128K, revamps bonus structure
“The number one driver of job satisfaction is an associate’s manager,” a Walmart executive noted in his announcement.
By Emilie Shumway • Jan. 22, 2024 -
Arturo Holmes via Getty Images
The Honey Pot to be acquired
Through an acquisition with Compass Diversified, the feminine care brand plans to expand into other product categories.
By Howard Ruben • Jan. 19, 2024 -
Courtesy of The National Retail Federation
‘It’s going to be a very tough year’: Casper CEO on the home goods market in 2024
The executive, along with Brooklinen CEO Billy May, discussed challenges in the sector and how to usher DTC brands into the next era of growth.
By Caroline Jansen • Jan. 17, 2024 -
Stefano Guidi/Getty Images via Getty Images
ColumnThe Weekly Closeout: Layoffs at Amazon and LeBron James partners with Fanatics
The e-commerce giant cut jobs in Prime Video and MGM Studios, while the NBA superstar joined Fanatics Collectibles.
By Retail Dive Staff • Jan. 12, 2024 -
Courtesy of Beyond Meat
Beyond Meat CFO takes on chief accounting officer responsibilities
Following Henry Dieu’s departure from the plant-based pioneer, Lubi Kutua is adding to his already full plate.
By Elizabeth Flood • Jan. 12, 2024 -
Michael M. Santiago/Getty Images via Getty Images
Rent the Runway to cut 10% of its corporate workforce, COO resigns
The designer rental service is launching a restructuring plan, which it says will result in $11 million to $13 million in annualized run rate cash savings.
By Laurel Deppen • Jan. 10, 2024 -
Authentic CEO: Buying Forever 21 ‘biggest mistake I made’
Jamie Salter also says Shein makes “a lot more than $30 billion” and hinted that the brand licensing firm could go public in the next 18 months.
By Cara Salpini • Jan. 10, 2024 -
Courtesy of Mango
Mango plans to open 500 new stores by 2026
The apparel brand, which is celebrating its 40th anniversary, will expand and launch stand-alone Mango Home locations.
By Kaarin Moore • Jan. 9, 2024 -
Spencer Platt via Getty Images
Fitch: ‘Rising headwinds’ are rushing toward consumers in 2024
During a panel at the ICR conference, the ratings agency predicted shoppers will seek out greater value in 2024 as high debt levels and reduced savings catch up to them.
By Cara Salpini • Jan. 9, 2024 -
Courtesy of The Container Store
The Container Store lowers Q3 sales guidance
The retailer cited “challenging business trends” in revising its financial outlook.
By Nate Delesline III • Jan. 9, 2024 -
Dani James/Retail Dive
Lululemon raises Q4 revenue outlook
The athletic apparel retailer credited the holiday season for helping to drive performance near the end of the year.
By Nate Delesline III • Jan. 8, 2024 -
Courtesy of Solo Brands
New CEO at Solo Brands as Q4 sales disappoint
Former Vista Outdoor CEO Christopher Metz will replace John Merris later this month, as the company lowers guidance for the fiscal year.
By Daphne Howland • Jan. 8, 2024 -
lechatnoir via Getty Images
7 retail trends to watch in 2024
From economic pressures weighing on consumers to relocating stores away from malls, here’s what’s on retailers’ minds heading into the new year.
By Retail Dive Staff • Jan. 8, 2024
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