Financial News: Page 78


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    Joe Raedle via Getty Images
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    Dollar Tree's executive chairman to retire

    Bob Sasser joined the discounter more than two decades ago. His departure could smooth tensions with an activist investor. 

    By Feb. 18, 2022
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    Courtesy of Blueland
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    Blueland raises $20M as it pushes into personal care

    The DTC cleaning brand plans to use the funds to expand into new categories and grow its retail presence.

    By Feb. 18, 2022
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    Al Bello via Getty Images
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    Walmart shrugs off disruption as US comps grow 5.6%

    Despite a slowdown in e-commerce and over $400 million in supply chain costs in Q4, the retailer grew its sales and made a pile from non-retail income. 

    By Feb. 17, 2022
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    Courtesy of Hasbro
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    Hasbro investor calls for gaming spinoff and board shakeup

    Alta Fox Capital is not playing around, saying Thursday that its five nominees have deep knowledge of the toy maker's Wizards of the Coast universe.

    By Feb. 17, 2022
  • Crocs revenue hits record $2.3B in 2021

    With the clog maker poised to close on its acquisition of the Heydude footwear brand, it's now eyeing $6 billion in revenue by 2026. 

    By Feb. 16, 2022
  • Selling out: What retail leaders need to know before striking a deal with private equity

    As Kohl's and others field bids, it's worth noting that more than 40% of past buyouts and acquisitions have gone bankrupt.

    By Feb. 15, 2022
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    David McNew via Getty Images
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    'Our turnaround is now complete': Mattel takes victory lap after year of turbulence and growth

    The toy maker grew sales, took market share and overcame supply chain disruptions in 2021, and is eyeing more growth ahead. 

    By Feb. 14, 2022
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    Courtesy of Amazon
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    Deep Dive

    What the Amazon union do-over in Alabama means for the future of retail

    U.S. consumers, especially younger ones, harbor new expectations about the workplace that businesses may not be able to ignore.

    By Feb. 14, 2022
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    Daphne Howland/Retail Dive
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    Urban Outfitters taps Club Monaco vet to lead namesake brand

    The company's fourth quarter momentum petered out in January as shipping costs weighed on margins and traffic to stores fell off.

    By Feb. 11, 2022
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    Kaarin Vembar/Retail Dive
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    Supply chain challenges a 'speed bump' to Under Armour's growth

    Turnaround efforts are bearing fruit, but freight expenses are eating into margins.

    By Feb. 11, 2022
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    Daphne Howland/Retail Dive
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    Tapestry CEO: 'We are a different company' than 18 months ago

    Revenue increased 18% compared to pre-pandemic levels, primarily driven by the Kate Spade and Coach brands. 

    By Feb. 10, 2022
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    Courtesy of Kohl's
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    Activists suggest Kohl's met with Amazon

    Macellum Advisors, slamming the retailer's handling of takeover interest, has also nominated 10 candidates to its board.

    By Feb. 10, 2022
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    Mario Tama via Getty Images
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    The hidden financial risks in retail supply chains

    Debt and operational weaknesses in the system could flow upstream as the industry seeks its footing, according to RapidRatings' James Gellert.

    By Feb. 10, 2022
  • Calvin Klein parent PVH hires new CFO as it hones focus on its top brands

    The apparel specialist is bringing in Zac Coughlin, a former finance and operations exec at LVMH Group. 

    By Feb. 9, 2022
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    Courtesy of Peloton
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    Peloton slashes 20% of its corporate workforce and switches CEOs as losses mount

    The cycle maker is undergoing painful restructuring cuts with growth slowing and acquisition rumors circling around it.  

    By Feb. 8, 2022
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    Courtesy of Peloton
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    Nike, Amazon reportedly considering Peloton acquisition

    The potential bids come shortly after Blackwells Capital urged the company to consider a sale and called for CEO John Foley to be fired.

    By Feb. 7, 2022
  • Hasbro comes through a challenging year with revenue up

    Price hikes and strong consumer demand more than compensated for supply chain disruptions and freight costs. 

    By Feb. 7, 2022
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    Courtesy of Solo Brands
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    Solo Brands CFO to depart

    Sam Simmons saw the company through its initial public offering last year, one of many IPOs among DTC brands.

    By Feb. 7, 2022
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    Spencer Platt via Getty Images
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    What retail has in store for 2022

    A month into the new year, here are some of the top forces impacting retail, the trends we're watching and predictions for what is to come. 

    By Retail Dive Staff • Feb. 7, 2022
  • A tree branch frames a Kohl's store on a sunny day.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl's slams takeover bids as inadequate, adopts 'poison pill'

    Any deal was already seen by analysts as uncertain, and the chances of a financial firm acquiring the department store are now even less likely.

    By Feb. 4, 2022
  • Amazon truck loaded for Prime Day.
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    Courtesy of Amazon
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    Amazon hikes Prime membership by $20 to $139

    The e-commerce giant is unlikely to lose many customers over the increase, but it will have to keep investing in member perks, analysts say.

    By Feb. 3, 2022
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    Spencer Platt via Getty Images
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    GameStop plots NFT marketplace with Immutable X partnership

    The retailer is trying to get a jump-start on the next technological iteration of gaming. 

    By Feb. 3, 2022
  • Kohl's launched drive-up service during the coronavirus pandemic.
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    Courtesy of Kohl's media gallery
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    Deep Dive

    Kohl's has location, partnerships and a savvy CEO: Why isn't that enough?

    Despite the department store's turnaround efforts, activist investors are insisting on dramatic change, including a sale.

    By Feb. 3, 2022
  • A Michael Kors storefront.
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    Daphne Howland/Retail Dive
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    Versace plots nearly 100 new stores as young consumers flock to the brand online and off

    At Capri, the iconic Italian brand and Jimmy Choo are thriving, while Michael Kors is in rehabilitation mode.

    By Feb. 2, 2022
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    Daphne Howland/Retail Dive
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    Party City gets an upgrade from Fitch as sales improve

    After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go. 

    By Feb. 2, 2022