Financial News: Page 72
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Adeline Kon/Retail Dive/Retail Dive
Q&AThe $500M question: Destination XL's Harvey Kanter and Ujjwal Dhoot
How to spend half a billion dollars in hypothetical money? Executives at the big-and-tall apparel specialist would use it on understanding consumers and speeding up distribution.
By Ben Unglesbee • Dec. 20, 2021 -
Courtesy of Andie
Andie raises $18.5M in Series B funding
The brand touted its high growth in the U.S. and Australia as it seeks to strengthen its omnichannel strategy.
By Tatiana Walk-Morris • Dec. 20, 2021 -
Daphne Howland/Retail Dive
Can this year's department store recovery last?
The sector is having a good holiday season after bouncing back this year as consumers refreshed their closets. But its problems haven't gone away.
By Daphne Howland • Dec. 20, 2021 -
Daphne Howland/Retail Dive
Sears owner plans to sell its corporate HQ
The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.
By Ben Unglesbee • Dec. 17, 2021 -
screenshot of Federal Reserve press conference
'Really healthy' consumers are ready to spend for the holidays, Fed chief says
The pandemic continues to roil the supply chain and labor market, though wage increases aren't fueling inflation, Federal Reserve Chair Jerome Powell said.
By Daphne Howland • Dec. 17, 2021 -
Courtesy of Target
ColumnThe Weekly Closeout: Target to launch 'Bet on Black' startup pitch competition
The retailer will provide mentorship and a total of $500,000 in funding. Meanwhile, Janie and Jack names a new CEO and Bark comes to REI.
By Retail Dive Staff • Dec. 17, 2021 -
Lowe's warns comps could fall by as much as 3% in 2022
The home improvement retailer experienced a boost at the onset of the pandemic, but executives said demand may be waning.
By Caroline Jansen • Dec. 16, 2021 -
Strip centers outpacing traditional malls as physical retail recovers
The decline of department store anchors is just one reason why traffic to legacy shopping centers hasn't fully returned.
By Daphne Howland • Dec. 16, 2021 -
Courtesy of Rebag
Rebag raises $33M, plans more stores for 2022
The company will use the funding to grow its physical footprint and improve its technology.
By Tatiana Walk-Morris • Dec. 16, 2021 -
FatCamera via Getty Images
Retail has more — but slower — growth ahead in 2022: Moody's
After a heady comeback this year, the industry could settle in to a more modest pace, with supply chain, spending changes and debt levels posing some risk.
By Ben Unglesbee • Dec. 16, 2021 -
Adeline Kon/Retail Dive
ColumnSKU'd: The best comedy writing of 2021 was retail's S-1s
"We have a history of losses, and we may be unable to achieve or sustain profitability," was the refrain of companies filing to go public this year. Someone pass the popcorn.
By Kaarin Moore • Dec. 16, 2021 -
Courtesy of Neiman Marcus
Neiman Marcus Group pushes back against e-commerce split
CEO Geoffroy Van Raemdonck on Wednesday emphasized such a move would interfere with what he characterized as a well-integrated operation.
By Daphne Howland • Dec. 15, 2021 -
Marking its first acquisition, Harry's snaps up body odor brand Lumē
Prior to this point, the company focused on incubating and launching its own brands, including Flamingo, Cat Person and Headquarters.
By Cara Salpini • Dec. 15, 2021 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only downgraded by Moody's
The dollar store chain, based largely in the Southwest, has underperformed compared to its peers during the pandemic and struggled to pay down its debt.
By Ben Unglesbee • Dec. 15, 2021 -
Joe Raedle via Getty Images
Dollar Tree hits back at activist investor seeking board revamp
The retailer hurled rhetorical bombs at a fund that wants to replace all of its directors and install a former Dollar General chief as executive chairman.
By Ben Unglesbee • Dec. 14, 2021 -
Courtesy of Nike
Nike acquires virtual sneaker company Rtfkt
The purchase comes on top of several others Nike has made to improve its digital capabilities, including data integration platform Datalogue.
By Cara Salpini • Dec. 14, 2021 -
Tim Boyle via Getty Images
Costco is adding pickup lockers to more stores
The retailer expects to have pickup lockers in more than 200 of its locations by the end of 2022, Chief Financial Officer Richard Galanti said.
By Sam Silverstein • Dec. 13, 2021 -
Retrieved from Pexels on August 09, 2021
Online price hikes hit record high in November: Adobe
Inflation was especially pronounced in apparel, which spiked more than 17% year over year in an inventory-scarce environment.
By Ben Unglesbee • Dec. 13, 2021 -
Courtesy of Shoe Carnival
How Shoe Carnival became a billion-dollar brand — and counting
The footwear retailer is stepping up with revamped stores, a strategic acquisition and big goals set by new CEO Mark Worden.
By Daphne Howland • Dec. 13, 2021 -
Permission granted by Chewy
Chewy delivers 24% sales growth as demand remains strong
But industrywide challenges like increased freight costs and inflation put pressure on the online pet retailer's gross margin in the third quarter.
By Caroline Jansen • Dec. 10, 2021 -
Cara Salpini/Retail Dive
Lululemon's sales and profits surge despite freight costs
The athleisure brand's recent tech acquisition, Mirror, is becoming a "distraction." But the retailer's core business is stretching its muscles.
By Ben Unglesbee • Dec. 10, 2021 -
Spencer Platt via Getty Images
GameStop adds inventory, execs, tech offices and millions in losses
The company has opened offices in Seattle and Boston and made more than 200 senior hires as it pursues a vaguely outlined transformation.
By Ben Unglesbee • Dec. 9, 2021 -
Torrid braces for rising costs and ongoing pandemic uncertainty after mixed Q3
The plus specialist is gaining market share in part thanks to its new Curve lingerie brand, but stores haven't returned to their pre-pandemic productivity.
By Daphne Howland • Dec. 9, 2021 -
With more than $4M already in hand, FIT plans a social justice center
With the support of retailers including PVH, Capri, Tapestry and Target, the college aims to nurture the ambitions of the BIPOC community.
By Daphne Howland • Dec. 9, 2021 -
Courtesy of Solo Brands
Solo Brands beats expectations in Q3 with revenue up 138%
The company — which operates Solo Stove, Chubbies, Oru Kayak and Isle — saw strong growth in both its DTC and wholesale channels.
By Caroline Jansen • Dec. 8, 2021
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