Financial News: Page 79
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Glossier brings on new CFO, chief commercial officer
Vanessa Wittman, who took the chief finance role just over two years ago, will be replaced by Seun Sodipo, most recently a finance executive at Stripe.
By Caroline Jansen • Nov. 2, 2021 -
Under Armour CEO: 'The majority of our transformational work' is done
CFO Dave Bergman also said the retailer in the third quarter saw its strongest top and bottom line results in its history.
By Cara Salpini • Nov. 2, 2021 -
CBL exits bankruptcy, jettisons $1.7B in debt
The mall operator filed for Chapter 11 last fall as retail bankruptcies and unpaid rent during the pandemic's worst months took their toll.
By Ben Unglesbee • Nov. 2, 2021 -
Retrieved from Walmart on November 01, 2021
How Walmart is testing sustainable bags
The retailer is making progress on finding solutions to replace single-use plastic bags through several in-store pilots and initiatives.
By Catherine Douglas Moran • Nov. 2, 2021 -
Sequential sells activewear brands to private equity for $330M
The brand conglomerate struggled under a heavy debt load until it declared bankruptcy earlier this year and made plans to sell its assets.
By Daphne Howland • Nov. 1, 2021 -
GameStop COO is out after 7 months on the job
Amazon veteran Jenna Owens came amid a broad leadership shuffle at the gaming retailer, which is trying to accelerate a transformation.
By Ben Unglesbee • Nov. 1, 2021 -
Children's company Lovevery raises $100M, launches mobile app
Over the past year, the toy and educational content company has partnered with Target and expanded internationally in pursuit of growth.
By Tatiana Walk-Morris • Nov. 1, 2021 -
Deep Dive
Why are department stores a target for e-commerce spinoffs?
Those who've declared the Saks online-offline split a success now want the same for Macy's and Kohl's. Here's why they're vulnerable.
By Daphne Howland • Nov. 1, 2021 -
'We're not trying to leave beauty at all': Birchbox's founder on its acquisition by healthcare firm FemTec
Katia Beauchamp, who will move from CEO to strategic adviser, doesn't see the acquisition as a pivot or a departure, but rather a "natural evolution."
By Cara Salpini • Oct. 29, 2021 -
Column
The Weekly Closeout: Beyoncé's Ivy Park, Adidas partner with Peloton on apparel
REI also launched a fund to invest in founders of color, and the iconic, overpriced "Fantasy Gifts" from Neiman Marcus are back.
By Retail Dive Staff • Oct. 29, 2021 -
Retrieved from ThredUp on August 31, 2021
ThredUp's third-party platform may be more lucrative than its secondhand clothing sales: Wells Fargo
The used clothing site's side gig, "resale-as-a-service" or RaaS, has lined up the likes of Walmart, Madewell, Adidas and others as the market skyrockets.
By Daphne Howland • Oct. 29, 2021 -
Amazon Q3 retail sales rise only slightly as profits plummet
The e-commerce giant grappled with ballooning costs and falling revenue in the period, reflecting challenges that other retailers also face right now.
By Daphne Howland • Oct. 29, 2021 -
Gap, Walmart extend ties with new furniture collection
Just months after launching a partnership, the retailers are introducing a new collection of 150 products in contemporary styles.
By Maria Monteros • Oct. 28, 2021 -
Podcast
The Backroom: Why is the idea of splitting off e-commerce so popular all of a sudden?
Senior Reporters Daphne Howland and Ben Unglesbee discuss why Wall Street likes it, why others don't and how Sears' decline serves as a cautionary tale.
By Retail Dive Staff • Oct. 28, 2021 -
Rent the Runway keeps financials close to the vest as it upsizes IPO offer
The decade-old apparel rental site offered 2 million more shares, priced at the top end of its range.
By Daphne Howland • Oct. 27, 2021 -
Google eyes ‘long-term opportunity’ in commerce as retail drives blowout ad revenue
As rivals like Facebook contend with headwinds from Apple, Google has kept up momentum through strengths in its shopping business and YouTube.
By Peter Adams • Oct. 27, 2021 -
Poshmark lets big brands sell on its platform
Big names can now directly sell through the secondhand apparel platform as well as manage campaigns and inventory.
By Ben Unglesbee • Oct. 27, 2021 -
PayPal douses reports of a Pinterest purchase
With one sentence, the fintech company dismissed a bevy of reports last week that it's pursuing a purchase of the social media site.
By Lynne Marek • Oct. 27, 2021 -
A.K.A. Brands buys DTC menswear brand Mnml for $48.6M
The company just went public in September, and says the streetwear brand is another step in its effort to become a global leader in DTC fashion.
By Tatiana Walk-Morris • Oct. 25, 2021 -
Tractor Supply boasts 22M loyalty members, many of them young and spending money
The retailer is enjoying the benefits of its own initiatives as well as macro trends, including a U.S. population shift into more rural areas.
By Daphne Howland • Oct. 25, 2021 -
Even if retail sales slow drastically during the holidays, they will still be stellar: Wells Fargo
Supply chain woes notwithstanding, the industry is riding such highs that even a worst-case scenario would yield a near-record season.
By Ben Unglesbee • Oct. 25, 2021 -
Inside top DTC exit strategies
The digitally native brands that disrupted the industry are entering the next stage in their lives. We look at why they're drawn to one path over another.
By Caroline Jansen • Oct. 25, 2021 -
Deep Dive
'A gold rush': Inside the rise of SPACs
Going public through blank check companies reached a fever pitch this year. Following stricter scrutiny from the SEC, the method's future remains uncertain.
By Caroline Jansen • Oct. 25, 2021 -
Deep Dive
Why acquisitions lead DTC exits
These deals provide brands with resources needed to grow their business: a robust supply chain, new customers and a wider distribution network. But they're not without risk.
By Caroline Jansen • Oct. 25, 2021 -
Deep Dive
'The market's on fire': What's behind the flood of DTC IPOs?
While acquisitions remain the most popular exit option for online brands, public listings are on the rise.
By Caroline Jansen • Oct. 25, 2021