Financial News: Page 43
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Dimitrios Kambouris via Getty Images
Steve Madden revenue drops again in Q2
The fashion firm’s long-term growth strategy includes more DTC business and expanded offerings in handbags and apparel.
By Lara Ewen • Aug. 7, 2023 -
Courtesy of Amazon
Amazon’s Q2 online retail sales beat forecast
CEO Andy Jassy said the company remains focused on lowering costs without sacrificing delivery speed.
By Nate Delesline III • Aug. 4, 2023 -
Courtesy of Adidas
Adidas CEO: Selling Yeezy designs in the future is ‘not part of our strategy’
Bjørn Gulden said that while the company is legally able to do that, “our task now is to limit the damage ... and build a business later without Yeezy.”
By Cara Salpini • Aug. 4, 2023 -
Courtesy of Petco
ColumnThe Weekly Closeout: Ulta CEO joins Best Buy’s board, while Petco plans for Halloween
Dave Kimbell comes in with deep specialty retail experience. Meanwhile, the pet retailer has already released a collection for the upcoming holiday.
By Retail Dive Staff • Aug. 4, 2023 -
Justin Sullivan via Getty Images
Tupperware announces debt restructuring
Following months of operational turmoil at the company, Tupperware said the new agreement improves its financial position.
By Dani James • Aug. 4, 2023 -
Permission granted by Aurate
Aurate partners with Macy’s, Helzberg Diamonds
The digitally native jewelry brand is entering wholesale after closing its own stores. CEO Sophie Kahn spoke to Retail Dive about its strategy.
By Dani James • Aug. 4, 2023 -
Courtesy of Wayfair
Wayfair narrows losses in Q2
The online home goods retailer has been executing on a plan intended to help it return to profitability. But it’s facing increased competition in the sector.
By Caroline Jansen • Aug. 3, 2023 -
Simon Property Group says its retail portfolio is worth $3.5B
CEO David Simon didn’t spell out how the valuation was determined, but net operating income from the holdings fell 57% in Q2.
By Daphne Howland • Aug. 3, 2023 -
Courtesy of Canada Goose
Canada Goose DTC revenue jumps 60% in Q1
The luxury apparel brand reported that direct-to-consumer growth was driven by brick-and-mortar sales.
By Dani James • Aug. 3, 2023 -
Wellmeier, Ed. (2021). [Photograph]. Retrieved from Flickr.
American Eagle Outfitters COO to exit
Michael Rempell is leaving the retailer after 23 years in a planned leadership transition. Meanwhile, the company raised its Q2 forecast.
By Kaarin Moore • Aug. 3, 2023 -
Courtesy of ContextLogic
Wish plans to lay off 255 employees by the end of the fiscal year
The struggling online marketplace said in a filing that the move affects 41% of its U.S. workforce and 26% of its international workforce.
By Daphne Howland • Aug. 2, 2023 -
Courtesy of e.l.f. cosmetics
E.l.f. Beauty net sales, income skyrocket in Q1
The cosmetics company said its focus on value pricing and product franchises helped drive performance during the quarter.
By Dani James • Aug. 2, 2023 -
Jerod Harris / Stringer via Getty Images
Kao to acquire Bondi Sands
The Australian sun product brand is available in over 32 countries and hopes to expand further through the deal.
By Dani James • Aug. 1, 2023 -
Courtesy of Walmart
Walmart ups stake in Flipkart after buying additional shares from Tiger Global
The mass merchant in 2018 became Flipkart's largest shareholder after paying $16 billion for an initial 77% stake in the company.
By Nate Delesline III • July 31, 2023 -
Courtesy of SharkNinja
SharkNinja starts trading on NYSE
The consumer products and technology company generated $3.7 billion in net sales during 2022 and trades under the ticker symbol “SN.”
By Dani James • July 31, 2023 -
David Becker/Getty Images for Nightclub & Bar Media Group via Getty Images
Skechers logs record sales again in Q2 despite wholesale challenges
Executives pointed to strong performance of direct-to-consumer sales, particularly at retail locations.
By Laurel Deppen • July 31, 2023 -
Cara Salpini/Retail Dive
Hoka hits quarterly sales record, tops $420M
The athletic footwear brand lifted Deckers’ first-quarter earnings, with the company raising its full-year sales outlook.
By Dani James • July 28, 2023 -
Daphne Howland/Retail Dive
GameStop CFO resigns after about a year
Diana Saadeh-Jajeh’s departure, effective Aug. 11, extends the streak of executive turnover at the retailer.
By Nate Delesline III • July 28, 2023 -
Tractor Supply to expand its footprint, aiming for 3K nationwide
The retailer is also doubling down on leased stores and will leverage a sale-leaseback strategy to help fund its expansion.
By Daphne Howland • July 27, 2023 -
Getty Images
Overstock revenue falls 20% ahead of Bed Bath & Beyond rebrand
CEO Jonathan Johnson said the company is on track to relaunch in the U.S. next month, and in-app promotions will replace the retailer’s iconic blue coupons.
By Nate Delesline III • July 27, 2023 -
Cara Salpini/Retail Dive
Crocs reaches over $1B in quarterly revenue
The footwear company saw direct-to-consumer revenue increase 26% in Q2. However, Crocs lowered its full-year revenue expectations for HeyDude.
By Dani James • July 27, 2023 -
Permission granted by Authentic Brands Group
Authentic Brands Group acquires Rockport out of bankruptcy
The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."
By Nate Delesline III • July 26, 2023 -
Permission granted by Skims
‘Haves and have-nots’: How the funding market is panning out in 2023
The outlook already looked bleak back in January, and the first half of the year showed that snagging capital might be tougher than ever.
By Dani James • July 26, 2023 -
Daphne Howland/Retail Dive
Apollo Global Management makes equity investment in PetSmart
The deal expands backing of private equity investors alongside UK-based BC Partners.
By Nate Delesline III • July 25, 2023 -
Getty Images
Adidas raises guidance after successful Yeezy drop
The first sale of leftover inventory slashed 250 million euros from its projected operating loss, and further drops could help even more.
By Cara Salpini • July 25, 2023
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