Financial News: Page 89
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Courtesy of Stitch Fix
Second Amazon exec jumps to Stitch Fix
Sharon Chiarella will lead the product, design and technical teams and joins Chief Financial Officer Dan Jedda in making the same leap.
By Daphne Howland • March 23, 2021 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL gets $17.5M lifeline
Listed by S&P as among the most vulnerable in retail, the men's apparel seller might have dodged bankruptcy with the capital infusion.
By Ben Unglesbee • Updated March 24, 2021 -
Courtesy of Bed Bath & Beyond
Bed Bath & Beyond kicks off private label rollout with Nestwell launch
Chief Merchandising Officer Joe Hartsig discusses the first of eight owned brands set to debut this year and how they fit into the retailer's turnaround plan.
By Caroline Jansen • March 22, 2021 -
Courtesy of Fabletics
Fabletics to open 24 new stores this year
The expansion, which will bring its footprint to 74 stores, is less ambitious than what was previously announced.
By Daphne Howland • March 22, 2021 -
The image by Michael Rivera is licensed under CC BY-SA 3.0
Shoe Carnival names new CEO
The footwear company's current chief customer officer, Mark Worden, will step into the role as part of a planned succession.
By Kaarin Moore • March 19, 2021 -
Store openings are outpacing closures in 2021: Coresight
So far, retailers collectively plan to open 3,344 stores, many of them dollar stores and other discounters.
By Ben Unglesbee • March 19, 2021 -
Courtesy of Nike
Despite port congestion and revenue declines at home, Nike posts a profit
The company is benefiting from its previous move to sell more directly to consumers, through stores and online, and that's paid off during the pandemic.
By Daphne Howland • March 19, 2021 -
Retrieved from Dollar General on October 08, 2020
Dollar General ramps up expansion of Popshelf concept
The discounter is eyeing 3,000 total locations for the new format, which targets higher income women in suburbs.
By Ben Unglesbee • March 19, 2021 -
Cara Salpini/Retail Dive
Les Wexner to exit L Brands board
The original plan when he stepped down as CEO last year was for the company founder and retail legend to remain as "chairman emeritus."
By Daphne Howland • March 18, 2021 -
Courtesy of Adidas
Adidas, Peloton team up on apparel line
The tie-up furthers Peloton's apparel sales and can only help Adidas, though the fairly small collection won't likely be a game-changer.
By Daphne Howland • March 18, 2021 -
Petco adds 1M customers in Q4
The pet retailer made its return to the public stock markets after a year of heightened demand in the category.
By Caroline Jansen • March 18, 2021 -
Five Below to expand higher-price concept to 30% of stores by year-end
The retailer plans to add up to 180 prototype stores that incorporate the Five Beyond concept.
By Ben Unglesbee • March 18, 2021 -
Wayfair names new chief marketer
Bob Sherwin will succeed Ed Macri, who served as chief marketing and product officer and has been with the online retailer for the past 14 years.
By Caroline Jansen • March 17, 2021 -
Courtesy of DSW
DSW parent eyes 65 store closures
Designer Brands is focusing its efforts on the crowded athleisure footwear market as it pulls back on its store count.
By Kaarin Moore • March 17, 2021 -
Tailored Brands CEO to step down
After Dinesh Lathi led the owner of Men's Wearhouse through bankruptcy, the company decided it was "the right time to re-evaluate the skills" of a CEO.
By Ben Unglesbee • March 17, 2021 -
Daphne Howland/Retail Dive
Nordstrom debuts interactive livestreams
In the last year, in response to the pandemic, the retailer launched virtual styling services and enabled shoppable social media.
By Daphne Howland • March 17, 2021 -
Who's afraid of a $15 minimum wage?
A recent bid to raise the federal wage floor failed, but the issue likely isn't going away. And some big names have already pushed their wages way past it.
By Ben Unglesbee • March 17, 2021 -
Tailored Brands' emergency loan gets court sign-off
A minority group of shareholders scrutinized the terms of $75 million in financing just months after the retailer emerged from bankruptcy.
By Ben Unglesbee • Updated April 5, 2021 -
Courtesy of Walmart
Walmart taps Brandon Maxwell to oversee Free Assembly, Scoop
The retailer named the designer, who has worked with Lady Gaga and Michelle Obama, as creative director for some of its elevated private brands.
By Maria Monteros • March 16, 2021 -
Retrieved from Official White House Photo by Adam Schultz.
What would retailers do without the government's pandemic relief?
The spending decline from January to February, even online, shows that the U.S. consumer is showing up only with financial assistance.
By Daphne Howland • March 16, 2021 -
Courtesy of Dick's Sporting Goods
Dick's Sporting Goods launches men's apparel brand
In recent earnings, the retailer pointed to its vertical brands as a large factor in its success as it introduces its VRST athletics line.
By Kaarin Moore • March 16, 2021 -
Toys R Us parent sells controlling stake to owner of Anne Klein, Joseph Abboud brands
WHP Global is taking over management of the famous toy retail brand with an eye on global growth, not long after Tru Kids closed its only two U.S. stores.
By Ben Unglesbee • March 15, 2021 -
Courtesy of Target
Target launches first crafting label in a decade
The retailer introduced Mondo Llama, its latest owned brand that features nearly 400 art supplies.
By Maria Monteros • March 15, 2021 -
Loft to drop plus sizes
The brand, now owned by private equity firm Sycamore Partners, faces a backlash on social media after it said it will limit its offer.
By Daphne Howland • March 15, 2021 -
Daphne Howland/Retail Dive
Who's the 'department store' now?
Big boxes, specialty stores and discounters have stolen share from department stores for years. Now some, most notably Target, are stealing their merchandising playbook too.
By Daphne Howland • March 15, 2021
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