Financial News: Page

  • Camino Partners execs and the Belgian Boys brand founders have their arms around each other in front of a pink Belgian Boys trade show booth.
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    Permission granted by Camino Partners
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    Former Kind execs launch incubation and investment firm Camino Partners

    The entity represents a new name and mission for Daniel Lubetzky’s Equilibra Partners Management, with a goal of helping startups on their journey.

    By Megan Poinski • Jan. 25, 2023
  • A family lounges on a bed with sage-green covers.
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    Courtesy of Tuft & Needle
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    Serta Simmons files for Chapter 11

    The company, whose holdings include DTC brand Tuft & Needle, is also suing to uphold the terms of a 2020 loan that it calls “critical.”

    By • Jan. 24, 2023
  • The direct-to-consumer landscape in retail Explore the Trendline➔
    Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
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    Courtesy of Purple
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    Purple rejects takeover bid

    Coliseum Capital Management sent the brand an unsolicited proposal in September to acquire its remaining common stock for $4.35 a share.

    By • Jan. 24, 2023
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    Courtesy of Makeup by Mario
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    Prestige brand Makeup by Mario raises $40M

    Founded by celebrity makeup artist Mario Dedivanovic, the brand joins a list of companies that have snagged funding amid a downturn in VC-backed capital.

    By • Jan. 24, 2023
  • A wall of beauty products.
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    Courtesy of Thirteen Lune
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    Thirteen Lune raises $8M in seed round

    The company said that the investment puts it on track to reach profitability this year.

    By Tatiana Walk-Morris • Jan. 23, 2023
  • Two people hiking single file toward massive rock formations, seen from the back, with a backpack on the person behind.
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    "Backpacking" by Zach Dischner is licensed under CC BY 2.0
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    What retailers can expect from consumers this year

    Consumers are more cautious and discerning, yet eager to get out and about, Euromonitor’s Michelle Evans told an NRF audience last week.

    By • Jan. 23, 2023
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    Ian Waldie via Getty Images
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    Hatch gains operational control over Destination Maternity, A Pea in the Pod, others

    Marquee Brands has taken a minority stake in the newly-formed Hatch Collective, led by Hatch CEO and founder Ariane Goldman.

    By • Jan. 23, 2023
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond receives Nasdaq warning over late 10-Q

    The distressed retailer has until March 13 to regain Nasdaq listing compliance by submitting the financial report.

    By Nate Delesline III • Jan. 20, 2023
  • Saks Fifth Avenue relaunches its website
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    Courtesy of Saks
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    Saks.com expected to lay off 100, half in tech

    The layoffs affect almost 4% of the luxury retailer’s workforce, which had more than doubled since it separated from the brick-and-mortar operations.

    By • Jan. 20, 2023
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
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    Courtesy of Stitch Fix
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    Column

    The Weekly Closeout: Amazon discontinues charity program, Stitch Fix takes to Twitter for CEO search

    The e-commerce giant is ending its AmazonSmile program after a decade and the styling service is seeking out CEO applicants via social media.

    By Retail Dive Staff • Jan. 20, 2023
  • Nordstrom Rack, at Codding Town, Bend, Oregon
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    Daphne Howland/Retail Dive
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    Off-price Rack drags down Nordstrom’s holiday performance

    But the retailer's seasonal results reflect margin consistency, and its focus on inventory management could pay off, some analysts say.

    By • Jan. 20, 2023
  • A transparent block on a blue sky background.
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    Courtesy of Syky
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    Web3 fashion startup Syky raises $9.5M

    The company aims to entice shoppers with incentives tied to its non-fungible token.

    By Tatiana Walk-Morris • Jan. 19, 2023
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Judge grants Party City immediate access to $75M bankruptcy loan

    The remainder of a $150 million debtor-in-possession loan will not be released until February.

    By Nate Delesline III • Jan. 19, 2023
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    Courtesy of Digital Village
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    L’Oréal’s VC fund makes first metaverse investment with Digital Village

    The beauty company is following the digital trend with a minority investment through its venture capital fund.

    By • Jan. 19, 2023
  • An Olympia Sports storefront
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    Courtesy of CriticalPoint Capital
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    Olympia Sports’ intellectual property headed to auction

    The retailer, which once had a footprint of 230 stores, is among the latest retail brand names up for grabs following a Chapter 11 bankruptcy.

    By Nate Delesline III • Jan. 13, 2023
  • Stacked white boxes of makeup on a black store display
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    Gabe Ginsberg / Stringer via Getty Images
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    Morphe parent company files for Chapter 11 bankruptcy

    Forma Brands — which also operates Playa Beauty and Jaclyn Cosmetics — has entered a proposed $33 million acquisition deal with lenders. 

    By • Jan. 12, 2023
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    Spencer Platt / Staff via Getty Images
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    ‘Retailers are getting squeezed’ by price-weary consumers, supply chain costs: report

    Nearly all 50 retail executives surveyed in Deloitte’s latest study expect inflation to pressure profits this year.

    By • Jan. 12, 2023
  • Pink and green bottles of haircare products
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    Courtesy of Mielle Organics
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    P&G acquires haircare brand Mielle Organics

    The textured hair brand — founded in 2014 by husband-and-wife duo Monique and Melvin Rodriguez — said it has no plans to change existing formulas. 

    By • Jan. 12, 2023
  • Bed Bath & Beyond
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    Getty Images
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    Bed Bath & Beyond plans more layoffs

    As sales slide and bankruptcy looms, the struggling home goods retailer is looking to cut costs.

    By • Jan. 11, 2023
  • Mattress Firm storefront.
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    Permission granted by Mattress Firm
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    Mattress Firm pauses IPO plans, citing market volatility

    One analyst predicts the move could signal the mattress retailer’s interest in being acquired.

    By Nate Delesline III • Jan. 11, 2023
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    Why some digital natives are always tweaking their models

    Shaking up a business can be a sign of innovation, or trouble. For DTC brands, the best move may be found in retail’s oldest playbook.

    By • Jan. 11, 2023
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond sales fall 33% in Q3 as it seeks strategic alternatives

    After warning of a potential bankruptcy filing last week, the struggling home retailer’s operating loss swelled to over $450 million during the quarter.

    By • Jan. 10, 2023
  • A Five Below discount store.
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    "https://www.flickr.com/photos/jeepersmedia/14853082845/in/photolist-2k8nwKQ-2jkjsvv-oCvW4g-oCuf3U-oEgTw6-oCufvN-oAuaV1-oCfiot-oAub5j-om2TrM-2ihyE2T-ofj1tt-oEgSPe-om2vPR-oCvUVV-om2ajd-2pC7eGW-owLTPE-2m" by Mike Mozart is licensed under CC BY 2.0
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    Five Below to convert hundreds of stores to higher-priced concept

    The discounter sees roughly twice the spend from customers who purchase Five Beyond products and has received positive feedback on the format. 

    By • Jan. 10, 2023
  • Bed Bath & Beyond
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    Getty Images
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    Fitch: Gulf between retail’s winners and losers to widen in 2023

    Default rates will likely remain low, but the firm is watching for bankruptcies from major players like Party City, Rite Aid and Bed Bath & Beyond.

    By • Jan. 10, 2023
  • To the right of a mall store entrance, a minimalist gray granite facade features the red and white Lululemon logo and white lettering.
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    Daphne Howland/Retail Dive
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    Lululemon’s stock drops after margin warning

    The athletics company raised its revenue expectations for the quarter, but it has a lot of inventory to clear through after the holidays.

    By • Jan. 9, 2023