Financial News: Page 74
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Poike via Getty Images
Heyday raises $555M in Series C funding
From April of last year through November 2021, Amazon aggregators have raised nearly $12 billion, according to Marketplace Pulse.
By Tatiana Walk-Morris • Nov. 18, 2021 -
Bruce Bennett via Getty Images
CVS plans to close 900 stores
The drugstore retailer also announced new leaders of its retail business as it refocuses around omnichannel and health services.
By Ben Unglesbee • Nov. 18, 2021 -
Daphne Howland/Retail Dive
Nearly half of Victoria's Secret's merchandise is delayed as the holidays approach
The retailer posted a solid Q3, but said it doesn't expect to get some orders in at all due to supply chain disruptions.
By Kaarin Moore • Nov. 18, 2021 -
Daphne Howland/Retail Dive
Macy's to delay store closures, launch third-party marketplace next year
The department store previously slated 125 stores to close, but now says that's under review as physical locations prove key to digital success.
By Daphne Howland • Nov. 18, 2021 -
Home Depot, Lowe's top estimates in Q3
The retailers lapped 2020's figures when demand in the category skyrocketed. But winning over the pro segment may be key to maintaining that strength.
By Caroline Jansen • Nov. 17, 2021 -
Courtesy of Target
Target addresses out-of-stock fears, raises holiday sales outlook
With inventory levels up over $2 billion compared to last year, executives are confident the retailer can meet end-of-year demand.
By Maria Monteros • Nov. 17, 2021 -
Kmart is closing its last store in birthplace of Michigan
A decade ago, Kmart had more than 1,300 stores under its banner. Today it has less than two dozen — and counting.
By Ben Unglesbee • Nov. 17, 2021 -
Michael Buckner / Staff via Getty Images
How e-commerce retailers stacked up in Q3
A flood of DTC brands entered the public markets this year. Now, we're seeing how those companies and other online brands are holding up.
By Caroline Jansen • Updated Nov. 23, 2021 -
Courtesy of StockX
StockX acquires inventory management company, Scout
With its first acquisition, StockX aims to streamline the selling experience on its platform as the sneaker resale market heats up.
By Tatiana Walk-Morris • Nov. 17, 2021 -
Rue Gilt Groupe files for IPO
The Simon Property-backed company has 1 million active shoppers and has experienced operating losses each year since its inception.
By Kaarin Moore • Nov. 16, 2021 -
Al Bello via Getty Images
Walmart maintains growth in Q3 as inflation takes hold
As a low-price player, the retail giant gained market share in grocery as consumers look to stretch their food budgets.
By Maria Monteros • Nov. 16, 2021 -
Courtesy of Casper
Casper to be acquired by private equity firm, CEO steps down
After its IPO in 2020, the brand will go private again through a deal with Durational Capital Management, as its co-founder exits the chief executive role.
By Caroline Jansen • Nov. 15, 2021 -
Courtesy of Alibaba Group
Alibaba's 13th Singles Day festival exceeds $84B
This year the retailer focused on its sustainability efforts and highlighted the success of hundreds of participating brands.
By Tatiana Walk-Morris • Nov. 15, 2021 -
400tmax via Getty Images
Deep DiveStock buybacks are back, baby
The largest retailers are spending fortunes repurchasing their own shares. Taxpayers are footing part of the bill while workers and investment may be suffering.
By Ben Unglesbee • Nov. 15, 2021 -
Daphne Howland/Retail Dive
Warby Parker's sales up 32%, while losses widen
In its first public earnings report since its direct listing in late September, the DTC eyewear brand also raised its full-year guidance.
By Caroline Jansen • Nov. 12, 2021 -
Daphne Howland/Retail Dive
The RealReal settles investor lawsuit over authentication claims
The luxury resale specialist is set to pay $11 million to resolve a class action that questioned its process of vetting fakes.
By Ben Unglesbee • Nov. 12, 2021 -
Dillard's Q3 profits skyrocket more than 500%
The regional department store is the sector's star performer, posting gains compared to 2019 as well, but joins rivals in its need to rethink stores.
By Daphne Howland • Nov. 11, 2021 -
Daphne Howland/Retail Dive
Party City's Halloween more solid than scary, but costs loom
The retailer is closing the gap with its pre-pandemic performance around the crucial holiday.
By Ben Unglesbee • Nov. 11, 2021 -
Courtesy of Nike
Deep DiveThese traditional brands are shifting to a DTC model. Here's how.
Athletics retailers are in some ways leading this shift, but brands across the industry are doubling down on the model to grow margins.
By Cara Salpini • Nov. 11, 2021 -
Courtesy of Poshmark
Poshmark falls short even with supply chain advantages
Weighing on the resale specialist's profits and sales are new privacy changes on Apple products.
By Ben Unglesbee • Nov. 10, 2021 -
Global Brands to wind down
The company, which owns brands and makes products for others, has been facing severe liquidity shortages and strains from the pandemic.
By Ben Unglesbee • Nov. 9, 2021 -
Courtesy of ThredUp
ThredUp ends styling box option as Q3 revenues soar
ThredUp is benefiting from its domestic sourcing and low pricing, and doesn't depend on the fourth quarter as much as other retailers, executives said.
By Daphne Howland • Nov. 9, 2021 -
Rent-A-Center's Acima fintech unit under investigation in 39 states
The virtual lease-to-own specialist was acquired less than a year ago for $1.3 billion as Rent-A-Center seeks digital scale and retail partners.
By Ben Unglesbee • Nov. 8, 2021 -
Kevin Dietsch via Getty Images
Retailers hail infrastructure deal as good news for the supply chain
After endless talk in Washington about the need to rebuild, the president will soon sign a trillion-dollar package with $550 billion in spending over five years.
By Daphne Howland • Nov. 8, 2021 -
Tim Boyle via Getty Images
American Eagle buys Quiet Logistics, takes further control over its supply chain
The acquisition gives the company "a fighting chance to meet consumer expectations around free and fast shipping during the holidays," said Shipium CEO Jason Murray.
By Alejandra Carranza • Nov. 8, 2021
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