Financial News: Page 88
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Permission granted by Shopic
Shopic raises $10M for its clip-on smart cart tech
The Israeli artificial intelligence company is looking to set itself apart with a frictionless shopping system that can be attached to standard grocery carts.
By Sam Silverstein • July 14, 2021 -
Cara Salpini/Retail Dive
QVC-owner Qurate hires new CEO
Set to retire this year, Mike George led the company through a tumultuous but successful journey during the pandemic.
By Ben Unglesbee • July 13, 2021 -
Astrid Stawiarz via Getty Images
Klarna acquires social shopping startup Hero
As part of the deal, Klarna's 250,000 retail partners will have access to the platform, allowing in-store staffers to become content creators.
By Tatiana Walk-Morris • July 13, 2021 -
In quest for Gen Z attention, Nordstrom takes minority stake in Topshop
The department store's partnership with new brand owner Asos promises to boost U.S. sales for a set of retailers previously owned by U.K.'s Arcadia.
By Daphne Howland • July 12, 2021 -
Courtesy of L Brands
Victoria's Secret's split from L Brands'L Brands' name to disappear as board approves company split
Bath & Body Works and Victoria's Secret are set to become separate, eponymous companies, marking the end of the L Brands conglomerate.
By Ben Unglesbee • July 12, 2021 -
Column
The Weekly Closeout: Pacsun gets into resale, and is Instagram really not for photos anymore?
The growing market for secondhand has another eager participant, and the social media platform is betting big on shopping.
By Retail Dive Staff • July 9, 2021 -
Courtesy of Gap Inc.
Is Yeezy Gap a billion-dollar brand?
The retailer that once defined American casual fashion is trying to regain attention by collaborating with one of the world's most idiosyncratic artists.
By Daphne Howland • July 8, 2021 -
Authentic Brands files IPO as it chases more growth
The owner of the Forever 21 and Barneys names is eyeing a global branding empire and market opportunity worth up to $650 billion.
By Ben Unglesbee • July 7, 2021 -
Cara Salpini/Retail Dive
Glossier lands $80M in funding as it looks toward international expansion
The DTC beauty brand has plans for dozens of stores and is looking to enter new markets with an "e-commerce-first approach."
By Cara Salpini • July 7, 2021 -
"Bergdorf Goodman department store on Fifth Avenue from 57th to 58th Streets designed in 1928 by architects Kahn & Jacobs." by Christopher Peterson is licensed under CC BY 3.0
Neiman Marcus says there's no plan to sell Bergdorf Goodman
The department store, which has owned the storied Manhattan retailer for 50 years, pushed back against details in a New York Post report last week.
By Daphne Howland • July 6, 2021 -
Courtesy of Maude
Intimacy brand Maude raises $5.8M to grow team, product lineup
The sexual wellness brand is one of the most VC-backed companies in its category, with $10 million raised over four funding rounds.
By Maria Monteros • July 6, 2021 -
Apparel maker Global Brands shares stop trading
The company, which makes products for Ellen Tracy, b new york and others, has been selling assets and negotiating with lenders as it tries to stabilize.
By Ben Unglesbee • July 2, 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 prevails in board fight with activist investor
Shareholders "overwhelmingly" re-elected the footwear seller's directors after an activist pushed to shake up its board and strategy.
By Ben Unglesbee • Updated July 20, 2021 -
Chris J Ratcliffe / Stringer via Getty Images
All Gap company stores in U.K., Ireland to close
As Gap Inc. tightens its belt at its namesake brand, its overseas operations are shrinking, with new partnerships in France and Italy also announced.
By Daphne Howland • July 1, 2021 -
Brooklinen secures investment from private equity firm Freeman Spogli
The DTC bedding brand said it will leverage the partnership to further grow its e-commerce, retail and wholesale businesses.
By Caroline Jansen • July 1, 2021 -
Daphne Howland/Retail Dive
New SPAC from former Coach, Tapestry CEOs chases Gen Z-friendly brands
The vehicle is leaning on its leadership experience to help it acquire companies that have shown "powerful emotional engagement" with younger consumers.
By Ben Unglesbee • June 30, 2021 -
Bed Bath & Beyond sales up 50% as consumers continue investing in homes
Even as the country begins to show signs of recovery from the pandemic, the retailer's momentum isn't slowing, spurring it to raise its full-year outlook.
By Caroline Jansen • June 30, 2021 -
Courtesy of Etsy
Etsy will buy the 'Etsy of Brazil' for $217M
The acquisition helps push the artisan marketplace beyond its core markets, continuing a measured but ambitious expansion.
By Daphne Howland • June 28, 2021 -
'Listen to the frontline': Hubert Joly on the art of the turnaround at Best Buy
The former CEO's own friends called him crazy for taking on a retailer left for dead. Today Best Buy is the poster child of thriving in the Amazon age.
By Ben Unglesbee • June 25, 2021 -
Courtesy of Nike
Nike plans for $50B in revenue next year
By 2025, the company expects to reach a 60% DTC business and 50% digital, through both owned and partner channels.
By Cara Salpini • June 25, 2021 -
Courtesy of GOAT
GOAT valuation doubles to $3.7B following $195M funding round
The company, which was primarily known as a sneaker resale marketplace before adding apparel and accessories, will expand its global footprint.
By Tatiana Walk-Morris • June 25, 2021 -
Daphne Howland/Retail Dive
Best Buy plans to spend $1.2B on diverse suppliers across its business
The retailer joins Target and others in an effort to diversify supplier bases. The initiatives' success depends on their centrality within an organization.
By Ben Unglesbee • June 24, 2021 -
Courtesy of Amazon
All retailers win as biggest Prime Day ever pushes US e-commerce above $11B
Online sales surpassed Cyber Monday and Amazon benefited the most, but the early summer event got shoppers into stores, too.
By Daphne Howland • June 24, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: In e-commerce, it's growth versus profits
In 2020, digital operations saved retailers when consumers couldn't or wouldn't visit stores. But how sustainable is online retail in the long run?
By Daphne Howland • June 24, 2021 -
Daphne Howland/Retail Dive
Warby Parker confidentially files to go public
The eyewear company, which launched in 2010, was among the first class of direct-to-consumer brands to enter the scene, popularizing the DTC model.
By Caroline Jansen • June 23, 2021
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