Financial News: Page 87


  • The story of Toys R Us' bankruptcy is still unfolding, and it still matters

    In ongoing litigation, former suppliers to the retailer allege its leaders should never have signed on to bankruptcy financing that triggered its liquidation. 

    By Jan. 20, 2022
  • Bonobos storefront
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    Courtesy of Bonobos
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    Bonobos CEO exits after 5 years at the company

    Micky Onvural is leaving the company to assume the role of chief marketing and communications officer at financial services firm TIAA, effective Monday.

    By Maria Monteros • Jan. 20, 2022
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
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    Chris J Ratcliffe / Stringer via Getty Images
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    Morgan Stanley 'less confident' in Gap Inc. leadership

    The mall-based retailer recently missed its third quarter earnings and cut its full year guidance due to supply chain and inventory constraints. 

    By Maria Monteros • Jan. 20, 2022
  • Women's fashion retailer Escada America files for bankruptcy

    After lawsuits from landlords and ongoing pandemic disruption, the company is trying to close some stores to preserve operations.

    By Jan. 19, 2022
  • Kohl's storefront
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    Courtesy of Kohl's
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    Kohl's investor suggests company sale, sets stage for board fight

    An activist is pushing for more buybacks and asset sales, and alluded to a potential e-commerce spinoff, if not a sale of the entire company. 

    By Jan. 18, 2022
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    Courtesy of Aimé Leon Dore
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    LVMH investment arm takes minority stake in streetwear brand Aimé Leon Dore

    The brand will continue to operate in New York City, but the French conglomerate's backing will be key to growth, founder Teddy Santis said.

    By Jan. 18, 2022
  • Skas launches Game Day capsules.
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    Courtesy of Saks
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    Column

    The Weekly Closeout: Amazon workers will revote on union and Saks debuts Game Day collection

    A tally of ballots for the new union vote will begin March 28. Meanwhile, Saks is making a bigger play for sports fans.

    By Retail Dive Staff • Jan. 14, 2022
  • Office Depot owner delays spinoff as it mulls sale of retail business

    The company paused its plans to separate while it considers Staples' $1 billion offer as well as that of another unnamed buyer.

    By Jan. 14, 2022
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    Tim Boyle via Getty Images
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    Omicron 'unlikely to derail' economic growth: Moody's

    Analysts expect the disruption from the new variant to pass quickly. But supply hiccups and inflation will likely last longer.

    By Jan. 13, 2022
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    Getty Images
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    How retailers weathered the holidays in 2021

    Some have raised their Q4 guidance after a successful season, while others suffered from supply chain challenges and soft foot traffic.

    By , Jan. 13, 2022
  • Exterior of Foxtrot Market's Georgetown location in Washington, D.C.
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    Sam Silverstein/Retail Dive
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    Foxtrot brings in $100M, plans to open 25 new stores in 2022

    The upscale convenience store chain is also testing cashierless technology and looking to triple the size of its engineering team.

    By Sam Silverstein • Jan. 12, 2022
  • Il Makiage
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    Permission granted by Il Makiage
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    Il Makiage parent company secures $130M in funding

    The recent round, which values Oddity at $1.5 billion, was led by billionaire businessman Thomas Tull and Franklin Templeton, among others.

    By Maria Monteros • Jan. 11, 2022
  • Big Lots, Manchester, CT. 8/2014 by Mike Mozart of TheToyChannel and JeepersMedia on YouTube
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    "Big Lots" by Mike Mozart is licensed under CC BY 2.0
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    Big Lots plans to add 500 new stores

    The discounter wants to add more than 50 stores in 2022 and accelerate from there as it looks to expand both digitally and in brick and mortar.

    By Jan. 11, 2022
  • Mattress Firm files for IPO

    Around three years after filing for bankruptcy, the retailer is eyeing the public markets with growing losses and $1.2 billion in long-term debt.

    By Jan. 10, 2022
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    Lululemon
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    Omicron weighs on Lululemon's stores, sales

    The athleisure seller's CEO said that the pandemic has limited capacity, staff availability and, in some places, store hours. 

    By Jan. 10, 2022
  • Barbie Balmain collaboration
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    Courtesy of Mattel
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    The Weekly Closeout: Fanatics acquires Topps and Barbie goes glam with Balmain

    The digital sports platform declared the deal "the foundation of Fanatics Trading Cards business."

    By Retail Dive Staff • Jan. 7, 2022
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    Courtesy of Bed Bath & Beyond
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    Amid supply chain challenges, Bed Bath & Beyond's loss widens

    Executives pointed to difficulties around keeping shelves stocked as the retailer's loss grew by more than $200 million from last year.

    By Jan. 6, 2022
  • Hasbro names new CEO and COO

    The toy and gaming giant promoted two executives to top roles in the company as it navigates transformation and industry disruption. 

    By Jan. 6, 2022
  • L.L. Bean flagship store in Freeport, Maine
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    Daphne Howland/Retail Dive
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    L.L. Bean to close Tysons Corner store in Northern Virginia

    The apparel seller couldn't reach an agreement with its landlord at the mall, where its store is an anchor. 

    By Jan. 5, 2022
  • The Container Store acquires Closet Works for $21.5M

    The deal builds on the retailer's existing custom closets business and is part of an effort to double its sales, according to CEO Satish Malhotra.

    By Jan. 4, 2022
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    Daphne Howland/Retail Dive
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    Victoria's Secret reiterates Q4 guidance, begins $250M share buyback

    The lingerie retailer made dramatic changes last year that are already paying off financially.

    By Jan. 4, 2022
  • External shot of an Office Depot store.
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    Courtesy of Office Dept
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    Office Depot parent to sell CompuCom unit for $305M

    The company signed a deal to unload its IT services unit for less than a third of the 2017 purchase price as ODP Corp. works to split in two.

    By Jan. 4, 2022
  • Containers wait to be picked up by trucks at the Port of Los Angeles.
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    Mario Tama/Getty Images via Getty Images
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    Deep Dive

    10 retail trends to watch in 2022

    Last year upended some trends and accelerated others. What will 2022 bring for retailers?

    By , , , , , Maria Monteros • Jan. 4, 2022
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    Courtesy of Blackstone
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    Griddle maker Blackstone the latest with plans for SPAC-based stock market debut

    The company, which so far has released few financial details, says it created and now dominates its corner of the outdoor cooking market.

    By Dec. 23, 2021
  • A Crocs storefront
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    Cara Salpini/Retail Dive
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    Crocs to acquire Heydude footwear brand for $2.5B

    Founded in Italy, the brand widens the total market for the clog maker to more than $160 billion, by the company's estimates.

    By Dec. 23, 2021