Financial News: Page 69


  • Kohl's storefront
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    Courtesy of Kohl's
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    When activists come for retailers: 7 recent shareholder spats

    Hedge funds have been pressing for everything from new leadership to company spinoffs at some mainstay industry players.

    By May 16, 2022
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: Eddie Bauer CEO exits and Target workers move to unionize

    Damien Huang had only been CEO for about a year, while Target's Christiansburg, Virginia, employees seek higher wages.

    By Retail Dive Staff • May 13, 2022
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    Fotolia
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    Inflation finally slowed online in April but remained 'punishingly high' overall

    Consumer demand remains relatively high, but there are signs it might wane if inflation keeps up. Meanwhile, buying habits are shifting.

    By May 13, 2022
  • Dillard's strong apparel sales stoke Q1 revenue and margins

    The regional department store tends to outpace most players, but may not be able to escape the pressures coming in the second half of the year.

    By May 13, 2022
  • Instacart reaches out to retail partners in fresh rebrand
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    Courtesy of Instacart
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    Instacart files confidentially for IPO

    The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering. 

    By Catherine Douglas Moran , Jeff Wells • May 13, 2022
  • Family Dollar Dollar Tree combo store
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    Courtesy of Dollar Tree
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    Dollar Tree taps former Dollar General execs for help with supply chain, merchandising

    The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.  

    By May 12, 2022
  • Retail tech funding drops 11%: report

    Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.

    By Tatiana Walk-Morris • May 12, 2022
  • Allbirds opens store in Flatiron district of New York City.
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    Courtesy of Allbirds
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    Allbirds' first wholesale deals are with Zalando and Public Lands

    The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.

    By May 11, 2022
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's board survives activist challenge

    Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.

    By May 11, 2022
  • A brick storefront with a DSW sign on it.
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    Courtesy of DSW
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    Shoes.com website trades hands again, this time to DSW owner

    The domain has been bought and sold by industry players the past two decades, with Walmart and a private equity firm among its most recent owners.

    By May 10, 2022
  • Simon Property Group 'focused internally' as short-term leases rise

    CEO David Simon told analysts to ignore acquisition rumors, presumably regarding reports the REIT has bid on Kohl's, and said shorter agreements are part of a strategy.

    By May 10, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Party City misses estimates, sees more helium pain ahead

    Sales and profits suffered as consumers reacted to omicron, inflation, war and the end of government stimulus measures.

    By May 9, 2022
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Retail Dive
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    Under Armour expects protracted supply chain challenges to temper sales

    The sportswear brand has been strategically canceling orders as COVID-19 disrupts China and delays and capacity shortfalls persist. 

    By May 6, 2022
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Adidas aims to fill the Nike gap at Foot Locker with expanded partnership

    The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025.

    By May 6, 2022
  • Wayfair's net loss nears $320M as CFO prepares to exit

    Michael Fleisher held the chief finance spot for eight years and will be succeeded by Kate Gulliver, who is the retailer's chief people officer.

    By May 5, 2022
  • Walgreens revamps its app.
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    Courtesy of Walgreens
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    Walgreens fills out executive team for retail

    The company named a new chief marketing officer, chief merchant and chief product officer, all of whom will report to Chief Customer Officer Tracey Brown. 

    By May 5, 2022
  • An interior shot of the massive American Dream mall, with a fountain in the middle that is surrounded by layers of pink, purple and yellow flowers.
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    Courtesy of Triple Five Worldwide
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    American Dream lost $60M last year

    On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.

    By May 4, 2022
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    Office Depot owner close to decision on sale of retail business as revenue falls

    Sycamore Partners and an unnamed suitor have offered to buy the retailer as consumer-facing office supplies specialists wrestle with declining demand.

    By May 4, 2022
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    Daphne Howland/Retail Dive
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    A third of small retailers can't pay rent as financial struggles spike again

    Businesses surveyed by Alignable cited inflation pressures and supply chain disruption as pandemic-era challenges grind on.

    By May 3, 2022
  • Hudson's Bay appoints CFO

    Nadira Singh is taking the role at the HBC-owned brick-and-mortar company, recently separated from the department store's e-commerce operations.

    By Tatiana Walk-Morris • May 3, 2022
  • Madison Reed storefront
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    Courtesy of Madison Reed
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    Madison Reed raises $33M to expand store footprint

    The company plans to have 80 Hair Color Bar locations opened by the end of the year as it moves into new geographical markets.

    By May 2, 2022
  • 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 May 2, 2022
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    Scott Olson/Getty Images via Getty Images
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    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 May 2, 2022
  • Person with finger on a phone perusing consumer goods
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    oatawa via Getty Images
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    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
  • A blue Amazon Prime truck bearing the company's logo is parked outside one of its warehouse centers.
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    Dan Kitwood/Getty Images via Getty Images
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    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 April 29, 2022