Financial News: Page 47

  • A Champs storefront
    Image attribution tooltip
    Courtesy of Champs
    Image attribution tooltip

    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 • March 20, 2023
  • DressX team posing
    Image attribution tooltip
    Courtesy of DressX
    Image attribution tooltip

    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 • March 20, 2023
  • Barbie Balmain collaboration
    Image attribution tooltip
    Courtesy of Mattel
    Image attribution tooltip

    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
  • A white canvas tote bag with green handles and green embroidered stitching.
    Image attribution tooltip
    Courtesy of LL Bean
    Image attribution tooltip

    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 • March 17, 2023
  • Three people in bed with eye masks on surrounded by audio equipment.
    Image attribution tooltip
    Courtesy of Purple
    Image attribution tooltip

    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 • March 17, 2023
  • Exterior shot of a Dollar General store.
    Image attribution tooltip
    Courtesy of Dollar General
    Image attribution tooltip

    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
  • A warm beige makeup bottle with a drawing of a cactus on it
    Image attribution tooltip
    Courtesy of The Honest Company
    Image attribution tooltip

    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
  • A display of clothing in the interior of an apparel store.
    Image attribution tooltip
    Courtesy of Lands' End
    Image attribution tooltip

    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 • March 16, 2023
  • A Five Below employee assists a customer at the checkout counter
    Image attribution tooltip
    Courtesy of Five Below
    Image attribution tooltip

    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
  • Green shelves with clear and colorful cleaning bottles next to paper towel rolls
    Image attribution tooltip
    Permission granted by Grove Collaborative
    Image attribution tooltip

    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
  • Block letters on wood paneling and a small sign jutting from a light stone building all read "J. Jill," above a store window.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    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 • March 14, 2023
  • Exterior of a brick building with the Etsy name on it.
    Image attribution tooltip
    Courtesy of Etsy
    Image attribution tooltip

    ‘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
  • A store with a bright green facade reads "Joann" in capital letters, and in smaller script says "handmade happiness."
    Image attribution tooltip
    Courtesy of Joann
    Image attribution tooltip

    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 • March 13, 2023
  • Allbirds opens store in Flatiron district of New York City.
    Image attribution tooltip
    Courtesy of Allbirds
    Image attribution tooltip

    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 • March 10, 2023
  • Front entrance of Ulta store with white and orange colored displays
    Image attribution tooltip
    Permission granted by Ulta
    Image attribution tooltip

    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
  • Mannequins in orange and white stand in a store window to left of a black-trimmed doorway of an Athleta store, others in black and white are on the right.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    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 • March 10, 2023
  • A close up of Geoffrey the Giraffe sitting on a bench inside the Toys R Us section of Macy's at Herald Square.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    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
  • Table with brightly colored jars, hands holding chopsticks and bowls of food
    Image attribution tooltip
    Courtesy of Fly By Jing
    Image attribution tooltip

    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
  • Various items of folded clothing
    Image attribution tooltip
    Courtesy of Stitch Fix
    Image attribution tooltip

    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 • March 9, 2023
  • Adidas store in Shanghai
    Image attribution tooltip
    Courtesy of Adidas
    Image attribution tooltip

    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
  • Sundry
    Image attribution tooltip
    Retrieved from Sundry on January 25, 2022
    Image attribution tooltip

    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
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
    Image attribution tooltip
    Courtesy of Stitch Fix
    Image attribution tooltip

    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 • March 8, 2023
  • ThredUp clean out envelope and box.
    Image attribution tooltip
    Courtesy of ThredUp
    Image attribution tooltip

    ThredUp, chasing profitability, tests consignment fees

    The resale site reports softer sales in a promotional apparel environment but expects to break even later this year.

    By • March 7, 2023
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
    Image attribution tooltip
    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    J.C. Penney hasn’t had to release its finances since 2020. Here’s how the retailer is doing.

    The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership.

    By • March 6, 2023
  • A Blue Apron box on a kitchen counter.
    Image attribution tooltip
    Scott Eisen via Getty Images
    Image attribution tooltip

    Blue Apron has a plan to avoid NYSE delisting

    The company has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.

    By Catherine Douglas Moran • March 6, 2023