Financial News: Page 72
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Retrieved from PREIT on October 26, 2020
PREIT sales hit a record in February
The mall operator, which filed for bankruptcy in 2020, is replacing anchors and trying to climb out of the hole created by the pandemic.
By Ben Unglesbee • March 29, 2022 -
Courtesy of Neighbor
Neighbor raises Series A funding to add products, hire staffers
Following the funding round, the brand aims to unveil more furniture collections and enter new categories.
By Tatiana Walk-Morris • March 29, 2022 -
DTC furniture brand Article grows revenue by 45% in 2021
The brand opened new fulfillment centers and expanded its in-house delivery network. But executives signaled challenges in the year ahead.
By Caroline Jansen • March 29, 2022 -
Courtesy of Grove Collaborative
Grove Collaborative is on the cusp of going public. Here's what the company is up to in the meantime.
Just last week, the sustainable personal care company reported full-year financial results and laid off approximately 17% of its corporate employees.
By Cara Salpini • March 29, 2022 -
Courtesy of Walmart
Walmart halts cigarette sales in some stores
As demand wanes and wellness becomes a focus, some of the largest chains have backed away from tobacco.
By Ben Unglesbee • March 28, 2022 -
Courtesy of Petco
ColumnThe Weekly Closeout: Petco to test a new store concept, and Balance Athletica rebrands
Petco will open stores with products for pets and livestock, while the athleisure brand changed its name to Vitality following a lawsuit with New Balance.
By Retail Dive Staff • March 25, 2022 -
Daphne Howland/Retail Dive
Bed Bath & Beyond cuts a deal with activist Ryan Cohen
The home goods retailer created a committee to explore alternatives for its BuyBuy Baby business and is adding new directors to its board.
By Ben Unglesbee • March 25, 2022 -
Permission granted by Instacart
Instacart slashes its valuation by nearly 40%
The move comes amid a significant slowdown in growth on its core marketplace and follows its expansion into new technology services for retailers.
By Jeff Wells • March 25, 2022 -
Courtesy of Victoria's Secret & Co.
Victoria's Secret takes $18M stake in California swimwear brand Frankies Bikinis
The lingerie maker said the investment furthers an effort to support innovative, inclusive and women-led brands.
By Daphne Howland • March 25, 2022 -
Spencer Platt via Getty Images
GameStop hit with $30M lawsuit from turnaround consultants
The retailer brought in Boston Consultancy Group in 2019, when sales were in a tailspin. The firm says it has been underpaid for much of the time since.
By Ben Unglesbee • March 23, 2022 -
Poshmark lowers outlook after mixed holiday quarter
The secondhand marketplace's loss widened last year, and 2022 got off to a slow start due to an algorithm snafu and macro headwinds.
By Daphne Howland • March 23, 2022 -
Permission granted by Thinx
Coming off a strong year of deals, here are 10 the retail industry has already announced in 2022
Among others, Mattress Firm filed for an IPO back in January and Kimberly-Clark took a majority stake in DTC period brand Thinx in February.
By Retail Dive Staff • March 23, 2022 -
Courtesy of Capri Holdings
Versace finds new CEO at Alexander McQueen, again
Emmanuel Gintzburger takes the job in September. Jonathan Akeroyd, who also led both brands, is jumping to Burberry.
By Daphne Howland • March 22, 2022 -
Courtesy of Nike
Continuing with its DTC pivot, Nike plans stand-alone Jordan stores
Wholesale is still key to the company's strategy, CEO John Donahoe said, emphasizing that Foot Locker is "a large and important partner."
By Cara Salpini • March 22, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After nearly a decade in the red, Destination XL posts record profit and sales
After the financial travails of the pandemic, the big-and-tall retailer has paid down debt and is focused on cementing its relationship with core customers.
By Ben Unglesbee • March 22, 2022 -
Justin Sullivan via Getty Images
Are Amazon's buybacks a sign that the growth machine is slowing?
When it comes to spending billions on shareholders, the e-commerce giant is getting a taste of what financial life is like for legacy retailers.
By Ben Unglesbee • March 22, 2022 -
Courtesy of L.L. Bean
L.L. Bean sales spiked 14% last year as more consumers played outdoors
Sales at the privately held retailer hit $1.8 billion thanks in part to heightened demand, omnichannel investment, and international and wholesale expansions.
By Daphne Howland • March 21, 2022 -
Courtesy of On Holding
As it plots 'significant expansion,' On will partner with Dick's and launch new products
The running brand plans to vastly increase its product offerings in the running, outdoor and lifestyle categories.
By Cara Salpini • March 21, 2022 -
Spencer Platt via Getty Images
GameStop's loss widens in first year of transformation under Ryan Cohen
The retailer is growing inventory, launching new technology initiatives and losing money even as its sales grow.
By Ben Unglesbee • March 18, 2022 -
Courtesy of Saks Off 5th
ColumnThe Weekly Closeout: Saks Off 5th rebrands and Parachute stirs up debate over catalog cover
The luxury off-price retailer launched a new campaign, "Where Fashion Takes Off," and the DTC brand sparked conversation over its latest marketing play.
By Retail Dive Staff • March 18, 2022 -
Courtesy of Kohl's
What new ownership could mean for Kohl's
The department store may be on the brink of being sold. So far, it doesn't look good.
By Daphne Howland • Updated March 21, 2022 -
Permission granted by Dollar General
Unfazed by comp declines, Dollar General eyes deeper expansion
The discounter plans more than 1,100 new stores this year and aims to triple its stand-alone Popshelf stores.
By Ben Unglesbee • March 17, 2022 -
Daphne Howland/Retail Dive
Warby Parker's net loss widens by over $40M in Q4
The DTC eyewear brand said the impacts from the omicron variant led to nearly $5 million in lost sales during the fourth quarter.
By Caroline Jansen • March 17, 2022 -
Deep Dive
After nearly 2 decades of decline, what's next for office supplies stores?
Home offices are booming. The retailers that specialize in stocking them are not.
By Ben Unglesbee • March 17, 2022 -
Courtesy of Kohl's
Hudson's Bay Co. is prepping a bid for Kohl's
Kohl's didn't rule it out, saying it is entertaining potential bidders, but previously slammed recent takeover offers as inadequate.
By Daphne Howland • Updated March 17, 2022
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