Financial News: Page 87
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Courtesy of Away
Away co-founder Jen Rubio takes over as CEO
From co-founder Steph Korey to Lululemon exec Stuart Haselden, the CEO torch has now been passed to Rubio as the brand preps for a travel comeback.
By Cara Salpini • April 22, 2021 -
andreswd via Getty Images
International players flock to US as consumers warm to buy now, pay later
European and Australian companies that dominate the BNPL marketplace are taking on U.S. rivals.
By Suman Bhattacharyya • April 20, 2021 -
Courtesy of Bed Bath & Beyond
Closures, banner divestitures send Bed Bath & Beyond net sales down 16% in Q4
But COO John Hartmann tells Retail Dive he remains confident in the strides the retailer has made in its three-year transformation plan.
By Caroline Jansen • April 15, 2021 -
Amazon's Jeff Bezos: 'We need a better vision for our employees' success'
In his final letter to shareholders as chief, the executive acknowledged a recent unionization effort and outlined a broad vision for creating value.
By Ben Unglesbee • April 15, 2021 -
Courtesy of REI
REI pushes on climate neutrality, doubles used gear sales in 2020
Far from shaking its foundations, the pandemic led the retailer to double down on environmental causes, including launching an activism platform.
By Cara Salpini • April 14, 2021 -
Courtesy of The Honest Company
The Honest Co. files to go public
The consumer products company says it gets more than half its revenue from just three retailers: Target, Amazon and Costco.
By Daphne Howland • April 13, 2021 -
"Journeys" by Bentley Mall is licensed under CC BY 1.0 / Edited by https://commons.wikimedia.org/w/index.php?title=User:BentleyMall&action=edit&redlink=1/Retail Dive
Genesco activist looks to take over board, blasts acquisition strategy
The footwear specialist responded by backing its board and strategy and pointed to its relatively solid performance during the pandemic.
By Ben Unglesbee • April 13, 2021 -
"Anthropologie store Americana at Brand shopping mall in Glendale, California" by Minnaert, Wikimedia Commons is licensed under CC BY-SA 3.0
Urban Outfitters taps Nordstrom vet to lead Anthropologie
The brand has underperformed namesake Urban Outfitters and Free People, and analysts expect new chief Tricia Smith to make significant changes.
By Daphne Howland • April 13, 2021 -
Hardest hit: Who is still at risk after last year's retail tribulations?
Party City, Nordstrom, Macy's, GameStop and others still have weak scores on measures of financial health, according to RapidRatings data.
By Ben Unglesbee • April 13, 2021 -
SolStock via Getty Images
Sponsored by WorkdayGetting ready for future-proof retail finance
As its growth outpaced its technology, here’s how one retailer prioritized digital acceleration to transform its finance function — for seamless agility, flexibility and rapid ROI.
April 12, 2021 -
Nordstrom lightens financial burden taken on amid pandemic with $675M bond sale
The retailer compromised treasured assets and took on new leverage as COVID-19 created financial turmoil. The new capital helps turn back the clock.
By Ben Unglesbee • April 9, 2021 -
Moody's sees sustainability as opportunity for fashion, despite costs
Diminishing resources and mounting pressure from consumers and regulators are forcing apparel brands to adopt more eco-friendly practices.
By Daphne Howland • April 9, 2021 -
Daphne Howland/Retail Dive
Retail defaults to decline — but will still be high: Moody's
Bankruptcies hit record highs in 2020. The pace already slowed, but uncertainty remains, and weaker retailers are still vulnerable.
By Ben Unglesbee • April 8, 2021 -
Tailored Brands left bankruptcy and quickly unravelled. What's next?
The menswear retailer is searching for its footing after running into liquidity problems and legal fights immediately after exiting Ch. 11.
By Ben Unglesbee • April 8, 2021 -
Bluemercury introduces Klarna installment payments in stores
Consumers are interested in buying cosmetics in stores again and plan to do so as vaccine distribution continues, according to a Klarna study.
By Tatiana Walk-Morris • April 8, 2021 -
Serta appoints new leadership, including chief commercial officer and COO
Shelley Huff, the current CEO of the company's Tuft & Needle business, will take on the additional chief operating officer role.
By Caroline Jansen • April 7, 2021 -
Target to spend over $2B with Black-owned companies by 2025
The retailer intends to add products from over 500 Black-owned businesses in several categories and launch resources to help vendors scale their operations.
By Maria Monteros • April 7, 2021 -
Mall vacancy rate hits another record high
The mall vacancy rate hit 11.4% in the first quarter, a 90-point jump from last quarter and a 0.4% hike over last year, according to Moody's Analytics.
By Daphne Howland • April 7, 2021 -
J. Crew elevates Madewell execs to tackle marketing, digital
Three of four appointments to the company's senior management team are Madewell execs gaining more responsibility.
By Maria Monteros • April 7, 2021 -
Cara Salpini/Retail Dive
Gap designs fulfillment system to prioritize 'most valuable' customers
Delivery speeds will be tiered as gold, silver and bronze, which the CEO said would help manage costs.
By A.B. Brown • April 7, 2021 -
The Collected Group exits bankruptcy
The owner Joie, Equipment and Current/Elliott is looking to grow its digital and wholesale business after stumbling in the pandemic.
By Ben Unglesbee • Updated June 7, 2021 -
Daphne Howland/Retail Dive
Brookfield mall REIT to be sold for $6.5B
The landlord earlier this year said going private would provide more flexibility managing its portfolio, as malls decline further during the pandemic.
By Daphne Howland • April 5, 2021 -
Adeline Kon/Retail Dive
Deep DiveThe omnichannel age is here — and it’s expensive
Store pickup of online orders grew by triple digits amid the pandemic. Retailers are now scrambling to become more efficient sellers across channels.
By Ben Unglesbee • April 5, 2021 -
With $155M in fresh capital, Harry's looks to add more brands
A year after its deal with Schick owner Edgewell was called off, the company behind Harry's, Flamingo, Cat Person and Headquarters is expanding.
By Caroline Jansen • April 1, 2021 -
Courtesy of Walgreens
Walgreens to launch digital bank accounts this year
The accounts will be available to customers online and at 9,000 Walgreens locations in the second half of 2021.
By Anna Hrushka • April 1, 2021
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