Financial News: Page 3


  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Retail Dive
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    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 Jan. 26, 2024
  • A pair of fur-lined Birkenstocks are pictured in a wooden box display.
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    Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
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    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
  • 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
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    Permission granted by Petco
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    Column

    The 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
  • Impossible Foods boxes
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    Courtesy of Impossible Foods
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    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
  • A Wall St. sign with American flags in the background next to the New York Stock Exchange (NYSE).
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    Spencer Platt via Getty Images
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    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 Jan. 23, 2024
  • The outside of the Macy's store in Herald Square in NYC during the holidays.
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    Kaarin Vembar/Retail Dive
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    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 Jan. 22, 2024
  • In an aerial view, trucks sit parked in front of a Walmart store on February 21, 2023 in Richmond, California.
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    Justin Sullivan via Getty Images
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    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
  • The Honey Pot booth at the 2023 ESSENCE Festival Of Culture in New Orleans.
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    Arturo Holmes via Getty Images
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    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
  • Casper CEO Emilie Arel and Brooklinen CEO Billy May participate in a panel discussion at NRF's Big Show in New York City.
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    Courtesy of The National Retail Federation
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    ‘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 Jan. 17, 2024
  • General view of an Amazon logo on June 3, 2021.
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    Stefano Guidi/Getty Images via Getty Images
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    Column

    The 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
  • A double-decker plant-based burger with lettuce and tomato, American cheese, pickles and other toppings sitting on a white wood-grain surface with white wood paneling in the background.
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    Courtesy of Beyond Meat
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    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
  • A Rent the Runway sign is pictured.
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    Michael M. Santiago/Getty Images via Getty Images
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    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
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    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 Jan. 10, 2024
  • A Mango storefront in New York City.
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    Courtesy of Mango
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    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 Jan. 9, 2024
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    Spencer Platt via Getty Images
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    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 Jan. 9, 2024
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    The Container Store lowers Q3 sales guidance

    The retailer cited “challenging business trends” in revising its financial outlook.

    By Jan. 9, 2024
  • A white brick Lululemon storefront in WIlliamsburg, Virginia
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    Dani James/Retail Dive
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    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 Jan. 8, 2024
  • A person tends a fire on a patch of land covered in snow.
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    Courtesy of Solo Brands
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    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 Jan. 8, 2024
  • Woman shopping denim jeans in a clothing store
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    lechatnoir via Getty Images
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    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
  • The interior of Arc'teryx's Oakbrook Center store
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    Courtesy of Arc'teryx
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    Amer Sports files for IPO

    The company behind Wilson tennis rackets and Arc'teryx winter sport apparel is focused on adding physical stores and growing its DTC presence.

    By Jan. 5, 2024
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Retail Dive
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    Chico’s joins Sycamore’s KnitWell Group

    Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.

    By Jan. 5, 2024
  • Marketing copy from balloon maker Anagram's website
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    Retrieved from Anagram website on November 09, 2023
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    Party City balloon supplier Anagram exits bankruptcy

    In a deal with a group of investors, the balloon manufacturer will operate as an independent company and continue supplying Party City.

    By Jan. 4, 2024
  • Walgreens revamps its app.
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    Courtesy of Walgreens
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    Walgreens slashes dividend as US retail drags in Q1

    Traffic and sales at the company’s U.K. Boots locations benefit from strength in beauty, while in the U.S. it’s more focused on healthcare services.

    By Jan. 4, 2024
  • A model wears brightly colored Sundry clothing.
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    Retrieved from Digital Brands Group on January 03, 2024
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    Digital Brands Group expects to earn $27M in revenue in 2024

    The company, which is undergoing a strategic review, said it is working to boost shareholder value.

    By Laurel Deppen • Jan. 4, 2024
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Doug Stephens’ retail predictions for 2024

    The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year.

    By Retail Dive Staff • Dec. 28, 2023