Financial News: Page 89
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Courtesy of Target
Target posts 9% comp sales entirely driven by traffic
The retailer emphasized its theme of "growth on top of growth" even as the pace slows.
By Maria Monteros • Aug. 18, 2021 -
Retrieved from Lowe's Newsroom on December 02, 2020
Lowe's comps fall as consumer DIY projects slow
Declines come as little surprise compared to a stellar year for home improvement in 2020. But Home Depot's Q2 gains add pressure.
By Ben Unglesbee • Aug. 18, 2021 -
Courtesy of Walgreens
Walgreens launches credit card program that rewards health and wellness
Cardholders can earn rewards for making healthy purchases, just one part of the evolution of the retailer's financial services offerings.
By Tatiana Walk-Morris • Aug. 17, 2021 -
July retail sales up 11.5% despite consumers traveling, dining out
Growth compared to 2019 outpaced the year-over-year rise, partly because shoppers are flush with savings thanks to governmental support.
By Daphne Howland • Aug. 17, 2021 -
Home Depot surpasses $40B in quarterly sales for the first time
Though fewer consumers are undertaking home improvement projects compared to 2020, those that are, are tackling larger projects and paying more.
By Caroline Jansen • Aug. 17, 2021 -
Courtesy of Walmart
Walmart's sales keep growing even as online momentum slows
The retailer prides itself letting customers choose how they want to shop, which is continually changing during the pandemic.
By Ben Unglesbee • Aug. 17, 2021 -
Courtesy of Simon Property Group
Malls are rebounding but Q2 shows how cloudy their future is
A once dependable retail format has become unpredictable as REITs sign shorter leases with variable rents and bet on "mixed use."
By Daphne Howland • Aug. 17, 2021 -
Courtesy of Walmart
Walmart looks for a cryptocurrency strategy leader
The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven and sorting itself out.
By Ben Unglesbee • Aug. 16, 2021 -
New Balance sues Michael Kors over 'N' mark shoes
The luxury brand's namesake is a known fan of the shoemaker, which is targeting a design on two shoe lines it says infringed on trademarks.
By Ben Unglesbee • Aug. 13, 2021 -
Courtesy of Kohl's
ColumnThe Weekly Closeout: Sephora, Kohl’s aim for 200 stores by October while Party City plans 100 for Halloween
The initial locations in the Sephora at Kohl's partnership are opening in August, and the party specialist is hoping for a better fall this year than last.
By Retail Dive Staff • Aug. 13, 2021 -
Courtesy of Authentic Brands
Authentic Brands Group to acquire Reebok for $2.5B
Adidas bought the brand in 2006 and it has since struggled to find a place under the sportswear giant. The sale gives it a second chance.
By Cara Salpini • Aug. 12, 2021 -
Canada Goose shares slump as it moves to DTC model
Execs at the apparel brand say it's on a solid growth trajectory, but that revenue cadence is shifting with more product selling in its own channels.
By Ben Unglesbee • Aug. 12, 2021 -
Dillard's swings to profit in Q2 as women buy clothing and shoes
Store comps were up 14% compared to 2019, and margins widened as the Southern department store kept tight control of inventory.
By Daphne Howland • Aug. 12, 2021 -
Courtesy of Farfetch
Resale retailers mostly shrug off delta worries after healthy Q2
Poshmark, The RealReal and ThredUp each touted their unique advantages. But only one was profitable in the period.
By Daphne Howland • Aug. 11, 2021 -
HBC partners with WeWork to launch ‘SaksWorks’ coworking spaces
The new venture is set to launch in September with five locations, including the Saks Fifth Avenue New York flagship.
By Ben Unglesbee • Aug. 11, 2021 -
Fanatics reaches $18B valuation with plans to launch gaming, sports betting
The company's latest investors include Jay-Z, Roc Nation and SoftBank as it aims to expand beyond sports merchandise.
By Tatiana Walk-Morris • Aug. 11, 2021 -
Courtesy of Casper
Casper revenue up nearly 40% as mattress sales remain strong
The brand continued to build out its distribution points in the quarter, adding key partnerships with Bed Bath & Beyond and Mattress Warehouse.
By Caroline Jansen • Aug. 10, 2021 -
Party City to open four times more Halloween pop-ups as in 2020
But the physical footprint still falls far short of the store count before the pandemic and acceleration of multi-channel shopping.
By Ben Unglesbee • Aug. 10, 2021 -
Courtesy of Sequential Brands Group
Struggling Sequential Brands unloads Ellen Tracy, Caribbean Joe for $20M
The brand specialist is trying to pay down debt and stave off bankruptcy with asset sales.
By Ben Unglesbee • Aug. 9, 2021 -
Courtesy of CashApp - Square
Square's Afterpay acquisition highlights buy now, pay later craze
The companies aim to knit together Square's small and medium-sized merchant clients with Afterpay's larger retailer customers, like Target and Sephora.
By Lynne Marek • Aug. 9, 2021 -
Victoria's Secret is out in the open
The brand remained a powerhouse even when it was making mistakes. Now it's owning up to them.
By Daphne Howland • Aug. 9, 2021 -
Al Bello via Getty Images
Walmart loses one of highest-ranking female execs to Conn's
Chandra Holt will leave her role as executive vice president of U.S. e-commerce to become the home retailer's CEO effective Aug. 9.
By Maria Monteros • Aug. 6, 2021 -
Courtesy of Target
Column
The Weekly Closeout: Target debuts employee degree program and REI doubles down on travel
The big-box retailer joins Walmart in tackling education assistance, while the outdoors retailer expands access to short-term rentals for members.
By Retail Dive Staff • Aug. 6, 2021 -
Daphne Howland/Retail Dive
Levi's to stretch beyond jeans with Beyond Yoga
The iconic denim maker, in a play for what is becoming a staple of American fashion, will pay an undisclosed amount of cash for the DTC activewear brand.
By Daphne Howland • Aug. 6, 2021 -
Courtesy of Brandless
Brandless raises $118M in funding round
The company will use the money to acquire digitally native brands and invest in its social influencer program.
By Kaarin Moore • Aug. 5, 2021
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