Financial News: Page 76


  • Dollar General truck from private fleet
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    Permission granted by Dollar General
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    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 March 17, 2022
  • Reflections of buildings on a Warby Parker store window, dominated by white and blue.
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    Daphne Howland/Retail Dive
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    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 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 March 17, 2022
  • A Sephora at Kohl's location
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    Courtesy of Kohl's
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    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 Updated March 17, 2022
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    Courtesy of Walmart Press Kit
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    Walmart hiring 50K associates for its US operations in Q1

    The retailer also plans to add 5,000 to its global technology team, including cybersecurity specialists, data scientists and engineers.

    By March 16, 2022
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    Courtesy of Crate and Barrel
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    Parachute names first CFO

    The appointment of Jeff Barker comes as the DTC bedding brand works to build out its C-suite and expand its store footprint.

    By Updated March 21, 2022
  • Qurate
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    Cara Salpini/Retail Dive
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    Qurate brings in former Nordstrom exec to head ailing Zulily

    The former leader of Trunk Club is taking over at the e-commerce site, which has suffered steep losses and an 11% sales decline. 

    By March 15, 2022
  • Orange and white exterior of an Ulta Beauty store.
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    Daphne Howland/Retail Dive
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    Retail execs sound off on supply chain disruptions, inflation, operations

    During the latest round of earnings, companies discussed how they navigated a quarter (and year) full of operational challenges.

    By March 15, 2022
  • Perfect Corp's AR beauty try-on
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    Retrieved from Perfect Corp. on March 10, 2022
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    Perfect seeks SPAC financing to drive AR growth in beauty and beyond

    Virtual demonstrations, metaverse shops and livestream shopping are key areas for growth as brands try to engage people outside of physical stores.

    By Robert Williams • March 15, 2022
  • A picture of the exterior of a CVS Pharmacy with the logo and name in view.
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    Bruce Bennett via Getty Images
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    CVS fires employees over handling of harassment claims

    CEO Karen Lynch is overseeing a new office to handle future complaints "confidentially and with the utmost importance."

    By March 14, 2022
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    Daro Sulakauri via Getty Images
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    How retailers are reacting to the invasion of Ukraine

    As companies halt shipments to Russia and shut down their e-commerce sites in the country, we're tracking what retailers are doing in response.

    By Retail Dive Staff • Updated March 21, 2022
  • A blue Amazon Prime truck bearing the company's logo is parked outside one of its warehouse centers.
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    Dan Kitwood/Getty Images via Getty Images
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    House refers Amazon to DOJ for 'potential criminal conduct'

    Judiciary committee members allege that the e-commerce giant's executives lied during an investigation into its competitive practices.

    By March 11, 2022
  • Express Edit storefront on 14th St NW in Washington, DC.
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    Kaarin Vembar/Retail Dive
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    Express, ready for a comeback, is opening more stores

    Pre-pandemic, the retailer was near bankruptcy. Now it's attracting new customers and regaining lapsed ones as people buy clothes again.

    By March 11, 2022
  • Ulta shop-in-shop at Target
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    Courtesy of Target
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    Ulta plans to open 250 more Target shop-in-shops this year

    2021 was a year of growth, as net sales at the beauty retailer surged more than 40% over 2020 and expanded by over a billion dollars from 2019.

    By March 11, 2022
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    Omar Marques via Getty Images
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    Column

    The Weekly Closeout: More retailers halt sales in Russia

    As the war in Ukraine continues, brands including Crocs and Skechers are joining others that have stopped shipments to Russia, shut down their websites in the country or taken other measures.

    By Retail Dive Staff • March 11, 2022
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    Depositphotos_40325215_originalamazon
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    Amazon halts sales in Russia amid Ukraine invasion

    The e-commerce giant joins a host of other brands, retailers and tech companies pulling back from the country.

    By March 10, 2022
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    Scott Olson via Getty Images
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    Retail tech provider Swiftly raises $100M

    The company, which helps drive digital shoppers to grocery stores, plans to expand its workforce by about 50%, said Chief Technology Officer Sean Turner.

    By Sam Silverstein • March 10, 2022
  • The pandemic rattled off-price retail in Q4

    Supply chain woes, brands' DTC efforts and rising inflation are also challenging a sector known for its unique advantages. 

    By March 10, 2022
  • Stitch Fix launches a freestyle service.
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    Courtesy of Stitch Fix
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    After Q2 disappoints, Stitch Fix to introduce search to Freestyle

    The apparel e-retailer's departure from its original curated box differentiation is introducing new problems and requiring more tweaks.

    By March 9, 2022
  • Two blue bags with groceries on a doorstep.
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    Courtesy of Walmart corporate blog
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    Walmart adds free Spotify to Walmart+, gives membership free to staff

    As it adds perks, the retailer is giving its free-delivery subscription to associates, in part so they can sell it to customers based on experience. 

    By March 9, 2022
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    Petco
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    Petco posts record sales in 2021 as it leans into wellness and service offerings

    The pet retailer opened more vet hospitals, revamped its Vital Care program and acquired the remaining stake in its joint venture with Thrive Pet Healthcare.

    By March 8, 2022
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's wants to transform from a department store into 'a focused lifestyle concept'

    The retailer will open 100 smaller, hyperlocal stores and grow its new Sephora shops into a $2 billion business. The activists on its case aren't impressed.

    By March 8, 2022
  • A Dick's Sporting Goods store display
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    Courtesy of Dick's Sporting Goods
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    Dick's touts 'incredibly strategic' relationship with Nike as it posts another record year

    The relationship with Nike is at an "all-time high," but that's just one of several key partners, and Dick's own private labels are growing as well.

    By March 8, 2022
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    Chris McGrath / Staff via Getty Images
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    After early silence, more luxury brands edge away from Russia over invasion of Ukraine

    Upscale fashion houses and jewelers have enjoyed growing attention in Russia for decades, but doing business there is becoming untenable.

    By March 8, 2022
  • A gray and white Bed Bath & Beyond store.
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    Daphne Howland/Retail Dive
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    Chewy founder Ryan Cohen's new activist target: Bed Bath & Beyond

    After shaking up GameStop's leadership, Cohen is pushing Bed Bath & Beyond to sell its BuyBuy Baby unit, and maybe the entire company. 

    By March 7, 2022