Financial News: Page 67
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Unfazed by comp declines, Dollar General eyes deeper expansion
The discounter plans more than 1,100 new stores this year and aims to triple its stand-alone Popshelf stores.
By Ben Unglesbee • March 17, 2022 -
Warby Parker's net loss widens by over $40M in Q4
The DTC eyewear brand said the impacts from the omicron variant led to nearly $5 million in lost sales during the fourth quarter.
By Caroline Jansen • March 17, 2022 -
Deep Dive
After nearly 2 decades of decline, what's next for office supplies stores?
Home offices are booming. The retailers that specialize in stocking them are not.
By Ben Unglesbee • March 17, 2022 -
Hudson's Bay Co. is prepping a bid for Kohl's
Kohl's didn't rule it out, saying it is entertaining potential bidders, but previously slammed recent takeover offers as inadequate.
By Daphne Howland • Updated March 17, 2022 -
Walmart hiring 50K associates for its US operations in Q1
The retailer also plans to add 5,000 to its global technology team, including cybersecurity specialists, data scientists and engineers.
By Ben Unglesbee • March 16, 2022 -
Parachute names first CFO
The appointment of Jeff Barker comes as the DTC bedding brand works to build out its C-suite and expand its store footprint.
By Caroline Jansen • Updated March 21, 2022 -
Qurate brings in former Nordstrom exec to head ailing Zulily
The former leader of Trunk Club is taking over at the e-commerce site, which has suffered steep losses and an 11% sales decline.
By Ben Unglesbee • March 15, 2022 -
Retail execs sound off on supply chain disruptions, inflation, operations
During the latest round of earnings, companies discussed how they navigated a quarter (and year) full of operational challenges.
By Kaarin Moore • March 15, 2022 -
Retrieved from Perfect Corp. on March 10, 2022
Perfect seeks SPAC financing to drive AR growth in beauty and beyond
Virtual demonstrations, metaverse shops and livestream shopping are key areas for growth as brands try to engage people outside of physical stores.
By Robert Williams • March 15, 2022 -
CVS fires employees over handling of harassment claims
CEO Karen Lynch is overseeing a new office to handle future complaints "confidentially and with the utmost importance."
By Ben Unglesbee • March 14, 2022 -
How retailers are reacting to the invasion of Ukraine
As companies halt shipments to Russia and shut down their e-commerce sites in the country, we're tracking what retailers are doing in response.
By Retail Dive Staff • Updated March 21, 2022 -
House refers Amazon to DOJ for 'potential criminal conduct'
Judiciary committee members allege that the e-commerce giant's executives lied during an investigation into its competitive practices.
By Ben Unglesbee • March 11, 2022 -
Express, ready for a comeback, is opening more stores
Pre-pandemic, the retailer was near bankruptcy. Now it's attracting new customers and regaining lapsed ones as people buy clothes again.
By Daphne Howland • March 11, 2022 -
Ulta plans to open 250 more Target shop-in-shops this year
2021 was a year of growth, as net sales at the beauty retailer surged more than 40% over 2020 and expanded by over a billion dollars from 2019.
By Cara Salpini • March 11, 2022 -
Column
The Weekly Closeout: More retailers halt sales in Russia
As the war in Ukraine continues, brands including Crocs and Skechers are joining others that have stopped shipments to Russia, shut down their websites in the country or taken other measures.
By Retail Dive Staff • March 11, 2022 -
Amazon halts sales in Russia amid Ukraine invasion
The e-commerce giant joins a host of other brands, retailers and tech companies pulling back from the country.
By Ben Unglesbee • March 10, 2022 -
Retail tech provider Swiftly raises $100M
The company, which helps drive digital shoppers to grocery stores, plans to expand its workforce by about 50%, said Chief Technology Officer Sean Turner.
By Sam Silverstein • March 10, 2022 -
The pandemic rattled off-price retail in Q4
Supply chain woes, brands' DTC efforts and rising inflation are also challenging a sector known for its unique advantages.
By Daphne Howland • March 10, 2022 -
After Q2 disappoints, Stitch Fix to introduce search to Freestyle
The apparel e-retailer's departure from its original curated box differentiation is introducing new problems and requiring more tweaks.
By Daphne Howland • March 9, 2022 -
Walmart adds free Spotify to Walmart+, gives membership free to staff
As it adds perks, the retailer is giving its free-delivery subscription to associates, in part so they can sell it to customers based on experience.
By Ben Unglesbee • March 9, 2022 -
Petco posts record sales in 2021 as it leans into wellness and service offerings
The pet retailer opened more vet hospitals, revamped its Vital Care program and acquired the remaining stake in its joint venture with Thrive Pet Healthcare.
By Caroline Jansen • March 8, 2022 -
Kohl's wants to transform from a department store into 'a focused lifestyle concept'
The retailer will open 100 smaller, hyperlocal stores and grow its new Sephora shops into a $2 billion business. The activists on its case aren't impressed.
By Daphne Howland • March 8, 2022 -
Dick's touts 'incredibly strategic' relationship with Nike as it posts another record year
The relationship with Nike is at an "all-time high," but that's just one of several key partners, and Dick's own private labels are growing as well.
By Cara Salpini • March 8, 2022 -
After early silence, more luxury brands edge away from Russia over invasion of Ukraine
Upscale fashion houses and jewelers have enjoyed growing attention in Russia for decades, but doing business there is becoming untenable.
By Daphne Howland • March 8, 2022 -
Chewy founder Ryan Cohen's new activist target: Bed Bath & Beyond
After shaking up GameStop's leadership, Cohen is pushing Bed Bath & Beyond to sell its BuyBuy Baby unit, and maybe the entire company.
By Ben Unglesbee • March 7, 2022