Financial News: Page 48
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Daphne Howland/Retail Dive
Wells Fargo downgrades Target amid signs the worst isn’t yet over
The analysts, saying the mass merchant’s troubles may go deeper than many observers appreciate, have downgraded its stock.
By Daphne Howland • Jan. 4, 2023 -
David Ryder via Getty Images
Amazon snags $8B term loan
The e-commerce giant said the “uncertain macroeconomic environment” pushed it to use a variety of financing options over the past few months.
By Dani James • Jan. 4, 2023 -
Daphne Howland/Retail Dive
Sears Hometown stores disappearing from rural America
Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.
By Daphne Howland • Jan. 4, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group completes Sundry acquisition
The direct-to-consumer company took on new debt and closed a $10 million public offering last month to help finalize the deal.
By Dani James • Jan. 3, 2023 -
Bark names chief financial officer
Zahir Ibrahim replaces Howard Yeaton, who has been serving as interim CFO since late 2021, and comes with nearly three decades of financial experience.
By Caroline Jansen • Jan. 3, 2023 -
Vince Holding sells intellectual property of Rebecca Taylor
The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.
By Kaarin Moore • Jan. 3, 2023 -
Permission granted by Grove Collaborative
Grove Collaborative refinances debt with $72M term loan
The sustainability-focused consumer products company recently received a delisting notice from the New York Stock Exchange.
By Dani James • Jan. 3, 2023 -
Courtesy of Nike
Nike CEO: ‘The inventory peak is behind us’
The company has worked with Foot Locker CEO Mary Dillon, in addition to other wholesale partners, as it plans its channel strategy.
By Cara Salpini • Dec. 21, 2022 -
Courtesy of Grove Collaborative
Grove Collaborative receives NYSE delisting notice
The notice comes just six months after the company’s shares began trading on the New York Stock Exchange.
By Caroline Jansen • Dec. 21, 2022 -
Kaarin Vembar/Retail Dive
Consumers are hitting the brakes on apparel purchases: UBS
Department stores and other retailers dependent on clothing sales face a gloomy 2023 and may shutter more locations, according to the analysts.
By Daphne Howland • Dec. 21, 2022 -
Party City faces NYSE delisting
The troubled retailer has six months to regain compliance with the New York Stock Exchange’s minimum share price requirement.
By Kaarin Moore • Dec. 20, 2022 -
Courtesy of Estée Lauder
Skincare brands The Ordinary, Dr. Dennis Gross to raise prices
In social posts giving a heads-up to shoppers, the brands cited the costs of raw ingredients and supply chain logistics as reasons for the change.
By Dani James • Dec. 20, 2022 -
Jeff Wells/Retail Dive
DSW parent acquires footwear maker Topo Athletic
The acquisition expands Designer Brands' portfolio of exclusive and private label brands.
By Nate Delesline III • Dec. 19, 2022 -
Permission granted by BloomChic
L Catterton invests in plus-size DTC brand BloomChic
The private equity firm, which has steadily grown its portfolio of direct-to-consumer companies, will help the brand during its next stage of growth.
By Dani James • Dec. 19, 2022 -
VF Corp mulling JanSport sale: Bloomberg
Wedbush analysts threw cold water on the company's reported estimate that it could get $500 million for the backpack brand.
By Daphne Howland • Dec. 19, 2022 -
Courtesy of Hasbro
Toy retailers turn to discounts to drive holiday sales, clear inventory
Themed Lego sets and movie-related action figures are selling well, while board games and Nerf products are down, according to Jefferies analysts.
By Nate Delesline III • Dec. 16, 2022 -
Courtesy of Build-A-Bear
ColumnThe Weekly Closeout: Build-a-Bear enters Roblox and Torrid partners with ThredUp
The toy company is launching a game where users can become business tycoons, and the DTC apparel company announced a resale program.
By Retail Dive Staff • Dec. 16, 2022 -
Daphne Howland/Retail Dive
November retail sales show the holidays mean heavy promotions this year
Consumers are spending, but they are keen on getting deals, and retailers are slashing prices as the holiday season winds down.
By Daphne Howland • Dec. 16, 2022 -
Courtesy of Joann
Joann reports third quarter loss, suspends dividend
After a disappointing Q3 financial performance, the crafts retailer wants to achieve $200 million in cost savings by 2025.
By Nate Delesline III • Dec. 14, 2022 -
Kaarin Vembar/Retail Dive
Deep DiveWhat is Revlon’s next chapter?
The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps.
By Kaarin Moore • Dec. 14, 2022 -
Dan Keck. (2017). "SEARS HOMETOWN WE'RE HERE TO STAY" [photograph]. Retrieved from Flickr Pro.
Sears Hometown files for bankruptcy amid disputes with ‘new Sears’
Financial strain and a lack of inventory led to the move, three years after Eddie Lampert-run TransformCo reacquired the home goods chain.
By Daphne Howland • Dec. 13, 2022 -
Courtesy of InnBeauty Project
Skincare brand InnBeauty Project raises $12M
The direct-to-consumer company has raised funds to promote growth in an industry that has thrived in spite of macroeconomic pressures this year.
By Dani James • Dec. 13, 2022 -
Matt Popovich. (2015). "Snowy Labor Department Sign" [photograph]. Retrieved from Flickr.
Los Angeles garment supplier cited for failure to pay workers
Last week’s finding by the U.S. Department of Labor was the latest in a string of abuses at clothing manufacturers operating in the city.
By Daphne Howland • Dec. 12, 2022 -
Courtesy of Keds
Wolverine Worldwide lays off workers, could shed Keds, Wolverine Leathers
The company recently reorganized its brand group structure and is seeking ways to accelerate cost savings.
By Tatiana Walk-Morris • Dec. 12, 2022 -
The image by wpktsfs is licensed under CC BY-SA 3.0
Luxury furniture maker RH acquires two companies
The company also announced plans to launch editorial content platform RH Media.
By Nate Delesline III • Dec. 12, 2022
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