Financial News: Page 64
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G-III takes full ownership of Karl Lagerfeld
The move builds on a partnership launched in 2015, with plans for global growth across channels and category expansion, including jeans.
By Daphne Howland • May 2, 2022 -
Amazon to get a hearing on its objections over Staten Island union vote
The company complained that staff at the National Labor Relations Board in Brooklyn compromised the vote by workers to unionize.
By Ben Unglesbee • May 2, 2022 -
Authentic Brands Group sues checkout startup Bolt
ABG alleges Bolt's software services led to technology failures and lost sales, but Bolt denies the claims.
By Caitlin Mullen • April 29, 2022 -
Amazon's e-commerce retail sales fall 3% in Q1 as consumers return to stores
The company said that Prime Day will take place in July, and some analysts say it may host a second one to make up for its muted sales.
By Daphne Howland • April 29, 2022 -
Retrieved from Overstock on May 12, 2021
Overstock sales fall 19% as macro challenges hit home
The drop in revenue was larger than the company anticipated, which it said could be due to consumers reacting to inflation and the war in Ukraine.
By Ben Unglesbee • April 29, 2022 -
Column
The Weekly Closeout: Coty winds down Russian operations and The North Face repurposes scraps into gear
In 2021, the country accounted for about 3% of Coty's sales. Meanwhile, The North Face's latest sustainability effort turns factory scraps into new products.
By Retail Dive Staff • April 29, 2022 -
Mattel posts another 'blowout' quarter amid reported buyout interest
The company is cutting deals, growing market share and otherwise flexing its muscles. Analysts have noticed, as have possible suitors, according to reports.
By Ben Unglesbee • April 28, 2022 -
Mattel reportedly has talked with potential private equity buyers
According to The Wall Street Journal, the toy giant has had early-stage discussions with Apollo Global Management and L Catterton.
By Ben Unglesbee • April 27, 2022 -
Old Navy, new problem
Once Gap Inc.'s powerhouse, the value brand has faced supply setbacks and a merchandising muddle. Now, it is suddenly in need of a leader.
By Daphne Howland • April 27, 2022 -
The Children's Place COO to retire
The kids' apparel retailer doesn't plan on filling Leah Swan's role after she leaves the company.
By Ben Unglesbee • April 26, 2022 -
J.C. Penney owners Simon and Brookfield prepared to buy Kohl's for $8.6B, NY Post reports
The developers have teamed up to salvage bankrupt retailers including Forever 21 and Aeropostale, and keep those mall stores running.
By Daphne Howland • April 26, 2022 -
Bed Bath & Beyond talking with suitors for BuyBuy Baby: WSJ
Just two months after Chewy founder Ryan Cohen took an activist stake in the retailer, it is at least entertaining one of his main objectives.
By Ben Unglesbee • April 25, 2022 -
ThirdLove snaps up Kit Undergarments in first acquisition
CEO Heidi Zak said the bra company wanted a sub-brand to target a younger demographic and chose to acquire one rather than build it internally.
By Cara Salpini • April 25, 2022 -
Deep Dive
For furniture retail, supply chain chaos has become 'normalized'
As category players extend lead times and amass inventory to manage delays, they're also building sourcing relationships beyond China and Vietnam.
By Ben Unglesbee • April 25, 2022 -
Column
The Weekly Closeout: REI expands run assortment and Farfetch enters beauty
The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.
By Retail Dive Staff • April 22, 2022 -
Rite Aid rejected an unsolicited buyout offer
The drugstore retailer dismissed the off-market proposal as not credible, but kept the door open for future offers.
By Ben Unglesbee • April 22, 2022 -
Retrieved from Sundry on January 25, 2022
Digital Brands has ambitious expansion plans. A trade creditor wants them on ice until it is paid.
The DTC company's model is based on acquisitions. But it needs cash as losses expand and unpaid vendors seek payment in court.
By Ben Unglesbee • April 21, 2022 -
What Lululemon is prioritizing in the years ahead
From the retailer's plans for Mirror to what international markets it's planning to enter, here are some takeaways on the company's new strategy.
By Cara Salpini • April 21, 2022 -
Lululemon wants to double revenue to $12.5B by 2026, thanks to men's and digital
The retailer also revealed plans for Mirror, including a membership program launching later this year.
By Cara Salpini • April 20, 2022 -
Amazon's year could be weighed down by oil prices, stimulus end: analyst
Price hikes on Prime and fuel surcharges on sellers could offset some costs. Down the road, more employee unions are a "key risk" for the company, according to MKM Partners.
By Ben Unglesbee • April 20, 2022 -
Hasbro sees $100M shortfall from sales to Russia
The toy giant has suspended shipments to the country. Its latest results show continued supply chain disruptions, but the company is eyeing growth in 2022.
By Ben Unglesbee • April 19, 2022 -
Has Gap Inc. hit bottom?
The apparel conglomerate's shares are getting lifted by various analyst reports these days, but the reasons are fairly glum.
By Daphne Howland • April 19, 2022 -
PVH says the scale of its star brands puts aggressive goals within reach
The owner of Calvin Klein and Tommy Hilfiger is recalibrating in a tough environment, with direct-to-consumer and wholesale both in focus.
By Daphne Howland • April 19, 2022 -
After closing physical stores, Amazon doubles down on one-day delivery
In his first letter to shareholders, CEO Andy Jassy said Prime members "will love this." But the e-commerce giant may need it.
By Daphne Howland • April 18, 2022 -
Deep Dive
Guess' Paul Marciano problem is shining a spotlight on boards
The brand's co-founder remains, while its board of directors is slammed by an activist investor and sued by victims over his alleged sexual crimes.
By Daphne Howland • April 14, 2022