Financial News: Page 70


  • A Walmart health superstore
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    Permission granted by Walmart
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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 Feb. 1, 2022
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    Courtesy of Win Brands Group
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    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 Feb. 1, 2022
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
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    Daphne Howland/Retail Dive
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    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 Jan. 31, 2022
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    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 Jan. 31, 2022
  • Farfetch announces the acquisition of Violet Grey.
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    Courtesy of Farfetch
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    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 Jan. 31, 2022
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    Mario Tama via Getty Images
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    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 Jan. 31, 2022
  • Mattress Firm storefront.
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    Permission granted by Mattress Firm
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    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 Jan. 31, 2022
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    Brandon Bell via Getty Images
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    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
  • A gray and white Bed Bath & Beyond store.
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    Daphne Howland/Retail Dive
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    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 Jan. 27, 2022
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    Allison Joyce/Getty Images via Getty Images
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    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 Jan. 26, 2022
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    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 Jan. 25, 2022
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    Daphne Howland/Retail Dive
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    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 Jan. 25, 2022
  • A Sears store going out of business in 2020
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    Daphne Howland/Retail Dive
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    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 Jan. 24, 2022
  • A Sephora at Kohl's location
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    Courtesy of Kohl's
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    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 Jan. 24, 2022
  • What would you do with a windfall of $500 million?
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    Adeline Kon/Retail Dive/Retail Dive
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    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 Jan. 24, 2022
  • Orange and white exterior of an Ulta Beauty store.
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    Daphne Howland/Retail Dive
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    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
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    Courtesy of BH Cosmetics
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    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 Jan. 21, 2022
  • Aerosoles
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    Courtesy of American Exchange Group
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    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 Jan. 21, 2022
  • Monos Travel
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    Permission granted by Monos
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    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 Jan. 20, 2022
  • Bonobos storefront
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    Courtesy of Bonobos
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    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
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    Chris J Ratcliffe / Stringer via Getty Images
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    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 Jan. 19, 2022
  • Kohl's storefront
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    Courtesy of Kohl's
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    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 Jan. 18, 2022
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    Courtesy of Aimé Leon Dore
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    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 Jan. 18, 2022