Financial News: Page 43
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Courtesy of The Vitamin Shoppe
The Vitamin Shoppe owner gets buyout offer topping $1B
Franchise Group’s management in January had reportedly considered taking the company private themselves for a similar price.
By Daphne Howland • March 21, 2023 -
Courtesy of On
On reports a profitable year with DTC, wholesale growth
The brand saw net sales increase by 91.9% in its fourth quarter, and it will be expanding into tennis while it grows its focus on running.
By Dani James • March 21, 2023 -
Daphne Howland/Retail Dive
Bed Bath & Beyond proposes reverse stock split
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.”
By Nate Delesline III • March 20, 2023 -
Courtesy of Champs
Foot Locker to shutter 400 mall-based stores by 2026
As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.
By Cara Salpini • March 20, 2023 -
Courtesy of DressX
Virtual clothing platform DressX raises $15M
Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.
By Xanayra Marin-Lopez • March 20, 2023 -
Courtesy of Mattel
Mattel CFO sees movie tie-in boosting Barbie sales
The toymaker had a tough 2022, but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.
By Chris Gaetano • March 20, 2023 -
Courtesy of LL Bean
Ironic totes help deliver L.L. Bean’s second-best revenue year
The Maine outdoor retailer, best known for its iconic boots, plans to expand inclusive sizing after seeing sales rise 15% in that segment.
By Daphne Howland • March 17, 2023 -
Courtesy of Purple
Purple sets sights on premium customer
Helped by its September acquisition of Intellibed, the DTC brand is positioning itself within the higher-end mattress market.
By Caroline Jansen • March 17, 2023 -
Courtesy of Dollar General
Dollar General to spend $100M on staffing and stores
The retailer plans to sustain its store opening momentum, with more than 1,000 new locations planned this year.
By Nate Delesline III • March 17, 2023 -
Courtesy of The Honest Company
The Honest Company to raise prices amid growing losses
The brand saw its Q4 net loss increase by about 40% year over year and it projects fiscal 2023 revenue to be flat with 2022.
By Dani James • March 17, 2023 -
Courtesy of Lands' End
Kohl’s marketplace gives Lands’ End a much-needed boost
Amid a raft of declines, revenue from third-party sellers was up year over year, and the brand will soon add Macy’s marketplace to the roster.
By Daphne Howland • March 16, 2023 -
Courtesy of Five Below
Five Below to expand higher-priced Five Beyond concept to 400 stores
The retailer will also open 200 locations this year as it looks to expand its shop-in-shop of products over $6.
By Nate Delesline III • March 16, 2023 -
Permission granted by Grove Collaborative
Grove Collaborative launches wellness hub to fuel growth
CEO Stuart Landesberg spoke with Retail Dive about the creation of Grove Wellness and how it will support the company’s product innovation.
By Dani James • March 15, 2023 -
Daphne Howland/Retail Dive
J. Jill aims to grow store footprint, eventually
The apparel retailer ended the year with fewer stores and may close more, but it ultimately aims to “grow this important channel,” executives said.
By Daphne Howland • March 14, 2023 -
Courtesy of Etsy
‘An existential threat’: Brands react to Silicon Valley Bank’s collapse
SVB was closed and taken over by federal regulators, leaving some brands in the dark about how they would access their capital.
By Dani James • March 13, 2023 -
Courtesy of Joann
Joann shores up liquidity ahead of Q4 report
The crafts retailer, which made Retail Dive’s bankruptcy watchlist last year, has seen sales fall and costs rise after a pandemic boom.
By Daphne Howland • March 13, 2023 -
Courtesy of Allbirds
Allbirds CFO exits as the brand pulls back on store openings
The DTC footwear brand will continue to seek out wholesale partnerships as it prioritizes profitability.
By Caroline Jansen • March 10, 2023 -
Permission granted by Ulta
Ulta tops $10B in revenue as beauty stays resilient
The retailer saw double-digit growth across all major categories, with new brands and product innovation helping to increase sales in the fourth quarter.
By Dani James • March 10, 2023 -
Daphne Howland/Retail Dive
More shakeup at Gap Inc. as sales fall, losses mount
The apparel retailer said it’s close to naming a new CEO, but announced the exit of a few executives, including Athleta chief Mary Beth Laughton.
By Daphne Howland • March 10, 2023 -
Kaarin Vembar/Retail Dive
Ares Management invests $375M in Toys R Us parent company
The transaction values WHP Global at $1.6 billion and will fund the company’s next wave of brand acquisitions.
By Tatiana Walk-Morris • March 9, 2023 -
Courtesy of Fly By Jing
Fly By Jing raises $12M
The Chinese food brand — which launched in 2018 — also appointed its first chief financial, operations and commercial officers.
By Dani James • March 9, 2023 -
Courtesy of Stitch Fix
Stitch Fix walks back key initiatives in quest for recovery
Changes meant to appeal to new customers and boost sales have backfired, founder and interim CEO Katrina Lake said this week.
By Daphne Howland • March 9, 2023 -
Courtesy of Adidas
Adidas projects first annual loss in 3 decades as it shakes up management team
The impact of its terminated Yeezy partnership is biting into profitability and revenue.
By Nate Delesline III • March 8, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group takes steps to go private
The company recently closed its acquisition of Sundry and has started the due diligence process with a private equity firm that approached it.
By Dani James • March 8, 2023 -
Courtesy of Stitch Fix
Stitch Fix CFO to exit as declines persist
Dan Jedda, who came from Amazon about two years ago, in May will become chief financial officer at Roku, as the box e-retailer continues its CEO search.
By Daphne Howland • March 8, 2023
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