Financial News: Page 69
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Dollar Tree's executive chairman to retire
Bob Sasser joined the discounter more than two decades ago. His departure could smooth tensions with an activist investor.
By Ben Unglesbee • Feb. 18, 2022 -
Blueland raises $20M as it pushes into personal care
The DTC cleaning brand plans to use the funds to expand into new categories and grow its retail presence.
By Caroline Jansen • Feb. 18, 2022 -
Walmart shrugs off disruption as US comps grow 5.6%
Despite a slowdown in e-commerce and over $400 million in supply chain costs in Q4, the retailer grew its sales and made a pile from non-retail income.
By Ben Unglesbee • Feb. 17, 2022 -
Hasbro investor calls for gaming spinoff and board shakeup
Alta Fox Capital is not playing around, saying Thursday that its five nominees have deep knowledge of the toy maker's Wizards of the Coast universe.
By Daphne Howland • Feb. 17, 2022 -
Crocs revenue hits record $2.3B in 2021
With the clog maker poised to close on its acquisition of the Heydude footwear brand, it's now eyeing $6 billion in revenue by 2026.
By Ben Unglesbee • Feb. 16, 2022 -
Selling out: What retail leaders need to know before striking a deal with private equity
As Kohl's and others field bids, it's worth noting that more than 40% of past buyouts and acquisitions have gone bankrupt.
By Ben Unglesbee • Feb. 15, 2022 -
'Our turnaround is now complete': Mattel takes victory lap after year of turbulence and growth
The toy maker grew sales, took market share and overcame supply chain disruptions in 2021, and is eyeing more growth ahead.
By Ben Unglesbee • Feb. 14, 2022 -
Deep Dive
What the Amazon union do-over in Alabama means for the future of retail
U.S. consumers, especially younger ones, harbor new expectations about the workplace that businesses may not be able to ignore.
By Daphne Howland • Feb. 14, 2022 -
Urban Outfitters taps Club Monaco vet to lead namesake brand
The company's fourth quarter momentum petered out in January as shipping costs weighed on margins and traffic to stores fell off.
By Daphne Howland • Feb. 11, 2022 -
Supply chain challenges a 'speed bump' to Under Armour's growth
Turnaround efforts are bearing fruit, but freight expenses are eating into margins.
By Cara Salpini • Feb. 11, 2022 -
Tapestry CEO: 'We are a different company' than 18 months ago
Revenue increased 18% compared to pre-pandemic levels, primarily driven by the Kate Spade and Coach brands.
By Kaarin Moore • Feb. 10, 2022 -
Activists suggest Kohl's met with Amazon
Macellum Advisors, slamming the retailer's handling of takeover interest, has also nominated 10 candidates to its board.
By Daphne Howland • Feb. 10, 2022 -
The hidden financial risks in retail supply chains
Debt and operational weaknesses in the system could flow upstream as the industry seeks its footing, according to RapidRatings' James Gellert.
By Ben Unglesbee • Feb. 10, 2022 -
Calvin Klein parent PVH hires new CFO as it hones focus on its top brands
The apparel specialist is bringing in Zac Coughlin, a former finance and operations exec at LVMH Group.
By Ben Unglesbee • Feb. 9, 2022 -
Peloton slashes 20% of its corporate workforce and switches CEOs as losses mount
The cycle maker is undergoing painful restructuring cuts with growth slowing and acquisition rumors circling around it.
By Ben Unglesbee • Feb. 8, 2022 -
Nike, Amazon reportedly considering Peloton acquisition
The potential bids come shortly after Blackwells Capital urged the company to consider a sale and called for CEO John Foley to be fired.
By Cara Salpini • Feb. 7, 2022 -
Hasbro comes through a challenging year with revenue up
Price hikes and strong consumer demand more than compensated for supply chain disruptions and freight costs.
By Ben Unglesbee • Feb. 7, 2022 -
Solo Brands CFO to depart
Sam Simmons saw the company through its initial public offering last year, one of many IPOs among DTC brands.
By Daphne Howland • Feb. 7, 2022 -
What retail has in store for 2022
A month into the new year, here are some of the top forces impacting retail, the trends we're watching and predictions for what is to come.
By Retail Dive Staff • Feb. 7, 2022 -
Kohl's slams takeover bids as inadequate, adopts 'poison pill'
Any deal was already seen by analysts as uncertain, and the chances of a financial firm acquiring the department store are now even less likely.
By Daphne Howland • Feb. 4, 2022 -
Amazon hikes Prime membership by $20 to $139
The e-commerce giant is unlikely to lose many customers over the increase, but it will have to keep investing in member perks, analysts say.
By Daphne Howland • Feb. 3, 2022 -
GameStop plots NFT marketplace with Immutable X partnership
The retailer is trying to get a jump-start on the next technological iteration of gaming.
By Ben Unglesbee • Feb. 3, 2022 -
Deep Dive
Kohl's has location, partnerships and a savvy CEO: Why isn't that enough?
Despite the department store's turnaround efforts, activist investors are insisting on dramatic change, including a sale.
By Daphne Howland • Feb. 3, 2022 -
Versace plots nearly 100 new stores as young consumers flock to the brand online and off
At Capri, the iconic Italian brand and Jimmy Choo are thriving, while Michael Kors is in rehabilitation mode.
By Daphne Howland • Feb. 2, 2022 -
Party City gets an upgrade from Fitch as sales improve
After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go.
By Ben Unglesbee • Feb. 2, 2022