Financial News: Page 65
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Courtesy of Bed Bath & Beyond
Out-of-stocks led to $175M in lost sales at Bed Bath & Beyond
Executives were "disappointed" in the retailer's fourth quarter results, blaming falling sales on industrywide supply chain challenges.
By Caroline Jansen • April 13, 2022 -
Courtesy of Rite Aid
Rite Aid guidance could signal its ability to survive: analyst
The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.
By Ben Unglesbee • April 13, 2022 -
Epic Games raises $2B to develop its metaverse efforts
The funding brings its valuation to nearly $32 billion, and includes participation from Kirkbi, the investment firm behind The Lego Group.
By Tatiana Walk-Morris • April 13, 2022 -
Daphne Howland/Retail Dive
Retail bankruptcy risks still low after 2020's flood: report
The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.
By Ben Unglesbee • April 12, 2022 -
Permission granted by Etsy Strike image team
Etsy sellers strike over transaction fee hike
Thousands of the marketplace's sellers are suspending their accounts, urging a boycott and demanding other changes as a 30% increase takes effect Monday.
By Daphne Howland • April 11, 2022 -
Retrieved from Lowe's Newsroom on December 02, 2020
Lowe's CFO to exit
Dave Denton, who's been in the role since 2018, will become the CFO at Pfizer. Lowe's senior vice president of retail finance, Brandon Sink, will succeed Denton.
By Caroline Jansen • April 11, 2022 -
Courtesy of Grove Collaborative
Drew Barrymore invests in Grove Collaborative
Barrymore will inform the company's product development and serve as a global brand and sustainability advocate as it prepares to go public.
By Tatiana Walk-Morris • April 11, 2022 -
Daphne Howland/Retail Dive
As long-running legal feud slogs on, Lampert and Sears Holdings creditors ordered to mediation
The former head of the department store company has been accused of transferring billions of dollars in assets to himself.
By Ben Unglesbee • April 8, 2022 -
Designer Brands aims to double private label sales
The company, which owns DSW and The Shoe Company, says that it has transformed from a retailer to a brand builder.
By Kaarin Moore • April 8, 2022 -
Courtesy of Dick's Sporting Goods
ColumnThe Weekly Closeout: Dick's names ambassadors for Calia brand and Walmart sweetens perks for sellers
The sporting goods retailer brought on four brand ambassadors to replace Carrie Underwood, while the mass merchant is offering sellers discounts on commission rates.
By Retail Dive Staff • April 8, 2022 -
Will tax refund season be the highlight for apparel sales this year?
With pandemic relief over, inflation rising and a war overseas persisting, some analysts see shadows looming over some of the sunny outlooks from retailers.
By Daphne Howland • April 7, 2022 -
Dan Kitwood/Getty Images via Getty Images
Amazon under investigation by SEC over disclosures on seller data use: WSJ
The probe, more than a year old, reportedly has honed in on how the company communicated to investors about use of data in its own private labels.
By Ben Unglesbee • April 7, 2022 -
Matias Delacroix via Getty Images
Surging inflation compelling small businesses to raise prices
Inflation is broad based – flaring in every sector – and will probably persist longer than initially expected, the U.S. Chamber of Commerce said.
By Jim Tyson • April 7, 2022 -
Courtesy of Estée Lauder
The Ordinary owner Deciem is dropping 4 brands
Estée Lauder, which last year plunked down $1 billion for a controlling stake in the decade-old cult beauty company, will focus on The Ordinary and NIOD.
By Daphne Howland • April 6, 2022 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Judge bars Walmart from selling shoes Vans alleges are knockoffs
The shoe brand accused the retailer of flooding the market with "cheap, low-quality, and confusingly similar shoes."
By Ben Unglesbee • April 6, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After engineering an 'extraordinary' turnaround, Destination XL is on the hunt for market share
The big-and-tall specialist went into "survival mode" early in the pandemic. Now it has reversed its financial trajectory and wants to win over a frustrated customer.
By Ben Unglesbee • April 6, 2022 -
Hasbro board survives proxy fight with activists
Shareholders reelected all 13 of the toy company's directors after an activist firm pushed its own directors and called for change.
By Ben Unglesbee • Updated June 9, 2022 -
Courtesy of Farfetch CEO José Neves (left) and Neiman Marcus Group CEO Geoffroy van Raemdonck
Farfetch invests up to $200M in Neiman Marcus Group
They are forging a strategic global partnership, and the luxury online marketplace is providing its tech services to NMG's Bergdorf Goodman banner.
By Daphne Howland • April 5, 2022 -
Daphne Howland/Retail Dive
Nordstrom continues shakeup at Rack
Geevy Thomas, who led Rack's expansion in recent years, is retiring after four decades at the retailer. Longtime executive Scott Meden is also retiring.
By Daphne Howland • April 5, 2022 -
Courtesy of Shein
Shein valuation could reach $100B with latest funding round, Bloomberg reports
The Chinese fast-fashion retailer leverages social media to entice younger shoppers with super-low prices and speedy turnover of styles.
By Daphne Howland • April 4, 2022 -
Retrieved from Sundry on January 25, 2022
Less than a year after IPO, Digital Brands warns it could file bankruptcy
The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital.
By Ben Unglesbee • April 1, 2022 -
Column
The Weekly Closeout: Ace Hardware to hire 40K while Kohl's pushes back against activist investors
The home goods retailer is staffing up for spring while Kohl's urged shareholders to vote for its board nominees.
By Retail Dive Staff • April 1, 2022 -
Courtesy of Express
How Express drove revenue gains, 20% traffic bump with digital experiences
After adding more modern shopping features and functionalities to its app, the retailer saw average order value rise 27% from a year earlier.
By Robert Williams • April 1, 2022 -
Five Below looks to triple store count by 2030
Coming off a year of strong sales growth, the discounter is looking to double its sales and add 1,000 new stores by the end of 2025.
By Ben Unglesbee • March 31, 2022 -
Kendall Davis/Retail Dive
Podcast
The Backroom: The world according to AlixPartners' Joel Bines
The consultant has spent decades working in and for the retail industry. We sat down with him to get his take on where the industry is headed.
By Retail Dive Staff • March 31, 2022
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