Financial News: Page 70
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Walmart deepens healthcare offering with lab test partnership
The retailer will start offering more than 50 tests that customers can request online through an expanded tie-up with Quest Diagnostics.
By Ben Unglesbee • Feb. 1, 2022 -
With fresh funding in hand, Win Brands Group acquires Love Your Melon
Win's CEO Kyle Widrick talks about the company's latest acquisition and its plans for the $40 million it just raised.
By Caroline Jansen • Feb. 1, 2022 -
As 2022 kicks off, store closures are down 65%: Coresight
A slowdown in bankruptcies and a strong consumer have stemmed the tide of closures. Meanwhile, discounters have been on a building spree.
By Ben Unglesbee • Jan. 31, 2022 -
Ralph Lauren turns to Franklin Venture Partners for tech investment strategy
The apparel retailer wants to be on the cutting edge of consumer technology and customer acquisition and invest in women-led companies.
By Daphne Howland • Jan. 31, 2022 -
Farfetch to acquire beauty retailer Violet Grey
The deal comes ahead of the launch of the beauty category on the Farfetch marketplace, which is scheduled for later this year.
By Kaarin Moore • Jan. 31, 2022 -
Deep Dive
Supply chains were made to be broken. Will the industry fix them?
All kinds of things can go wrong with long, complicated networks of firms spanning the globe and often concentrated by geography. Last year, it all went wrong.
By Ben Unglesbee • Jan. 31, 2022 -
9 things you should know about Mattress Firm's IPO filing
The retailer is heavily in debt and gave leadership $135 million in bonuses this September "in recognition of efforts made to emerge from bankruptcy."
By Kaarin Moore • Jan. 31, 2022 -
Column
The Weekly Closeout: Mattel wins rights to Disney Princess and Frozen lines
Hasbro hung on to Star Wars, however, and gained the rights to Indiana Jones. Meanwhile, rumors continue to swirl around a Shein IPO.
By Retail Dive Staff • Jan. 28, 2022 -
Bed Bath & Beyond downgraded by Moody's
The retailer has challenges ahead as the pandemic boom in home goods unwinds and supply chain challenges eat into sales and profits.
By Ben Unglesbee • Jan. 27, 2022 -
Supply chain snags could knock out $17B in apparel and footwear profit in 2022: report
Backups and bottlenecks persist, putting pressure on profits. And only 12% of organizations in the sector are leading in resilience, according to Kearney.
By Ben Unglesbee • Jan. 26, 2022 -
Retrieved from Sundry on January 25, 2022
Digital Brands buys women's apparel brand Sundry
The company has expanded further with the beach-themed business. It has also received a stock delisting notice from Nasdaq as losses mount.
By Ben Unglesbee • Jan. 25, 2022 -
Victoria's Secret will sell stake in China business for $45M
Hong Kong-based lingerie maker Regina Miracle, a longtime supplier, is buying a 49% stake and will run the brand's stores and website there.
By Daphne Howland • Jan. 25, 2022 -
Sears gets smaller with Florida store closure
Kmart and Sears department stores are an endangered species, with just a few of each remaining — and the count is getting smaller all the time.
By Ben Unglesbee • Jan. 24, 2022 -
Kohl's acknowledges takeover interest
The department store, under pressure from activist investors, reportedly received offers from firms including Sycamore Partners and Acacia Research.
By Daphne Howland • Jan. 24, 2022 -
Q&A
The $500M Question: Under Armour COO Colin Browne
How to spend half a billion dollars in hypothetical money? The athletic brand's operations chief would double down on the circular supply chain.
By Ben Unglesbee • Jan. 24, 2022 -
Column
The Weekly Closeout: Ulta names its first female chief human resources officer
Also, Mattress Warehouse received an investment from a private equity firm and Coach introduced an apprenticeship program.
By Retail Dive Staff • Jan. 21, 2022 -
BH Cosmetics files under Chapter 11
The indie brand has succumbed to challenges brought on by the pandemic, despite high-profile partnerships last year with Iggy Azalea and Doja Cat.
By Daphne Howland • Jan. 21, 2022 -
Aerosoles footwear brand to be acquired by American Exchange
The shoe seller survived a bankruptcy in 2017 and is set to become its own division under its new parent, which both licenses and owns brands.
By Ben Unglesbee • Jan. 21, 2022 -
Luggage brand Monos raises $10M in Series A funding
The company plans to use the capital to expand its offline presence, acquire talent and create a more robust product development pipeline.
By Maria Monteros • Jan. 21, 2022 -
The story of Toys R Us' bankruptcy is still unfolding, and it still matters
In ongoing litigation, former suppliers to the retailer allege its leaders should never have signed on to bankruptcy financing that triggered its liquidation.
By Ben Unglesbee • Jan. 20, 2022 -
Bonobos CEO exits after 5 years at the company
Micky Onvural is leaving the company to assume the role of chief marketing and communications officer at financial services firm TIAA, effective Monday.
By Maria Monteros • Jan. 20, 2022 -
Morgan Stanley 'less confident' in Gap Inc. leadership
The mall-based retailer recently missed its third quarter earnings and cut its full year guidance due to supply chain and inventory constraints.
By Maria Monteros • Jan. 20, 2022 -
Women's fashion retailer Escada America files for bankruptcy
After lawsuits from landlords and ongoing pandemic disruption, the company is trying to close some stores to preserve operations.
By Ben Unglesbee • Jan. 19, 2022 -
Kohl's investor suggests company sale, sets stage for board fight
An activist is pushing for more buybacks and asset sales, and alluded to a potential e-commerce spinoff, if not a sale of the entire company.
By Ben Unglesbee • Jan. 18, 2022 -
LVMH investment arm takes minority stake in streetwear brand Aimé Leon Dore
The brand will continue to operate in New York City, but the French conglomerate's backing will be key to growth, founder Teddy Santis said.
By Daphne Howland • Jan. 18, 2022