Financial News: Page 90
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Daphne Howland/Retail Dive
Brookfield sells off its interest in Forever 21 as retail drags down Q1
The REIT, which is set to go private in the third quarter, also recently walked away from three malls with delinquent loans.
By Daphne Howland • May 7, 2021 -
Courtesy of Walmart corporate blog
Walmart gives diverse suppliers option for early payment to help increase access to capital
The retailer is expanding its early payments program through a partnership with the financial technology company C2FO.
By A.B. Brown • May 7, 2021 -
Wayfair CEO sees growth potential post-pandemic
The retailer, which has largely benefited over the past year by operating both online and in an in-demand category, reported 49% revenue gains in Q1.
By Caroline Jansen • May 6, 2021 -
J.C. Penney cuts 650 jobs under new owners
The layoffs came after an operational review by Simon Property Group and Brookfield Asset Management.
By Ben Unglesbee • May 6, 2021 -
Office Depot parent plans to break up its retail and B2B businesses
The office supplies retailer intends to split itself into two separate companies shortly after rebuffing an offer from Staples and its backer, Sycamore Partners.
By Ben Unglesbee • May 6, 2021 -
Courtesy of Nogin
ModCloth changes hands once again
When financial firm Go Global Retail bought the brand from Walmart in 2019, it wasn't interested in quickly flipping it, but the pandemic interfered.
By Daphne Howland • May 6, 2021 -
Daphne Howland/Retail Dive
Wells Fargo finds apparel on the upswing
E-commerce has slowed and stimulus checks are dwindling, but the analysts found that store traffic is up, inventory is lean and margins are fatter.
By Daphne Howland • May 5, 2021 -
Owner of Lids acquires South Moon Under
Private investment vehicle Ames Watson says it wants to grow the Maryland-based fashion retailer.
By Ben Unglesbee • May 5, 2021 -
Courtesy of Gap Inc.
Gap Inc. to sell Intermix to private equity firm
The boutique opened in New York nearly 30 years ago and was acquired by the conglomerate in 2012, but as a retailer of other brands, it never quite fit.
By Daphne Howland • May 5, 2021 -
Kaarin Vembar/Retail Dive
Under Armour puts SEC battle, pandemic woes behind it in Q1
For $9 million, the brand settled its claims with the SEC, while also reporting earnings that widely exceeded expectations.
By Cara Salpini • May 4, 2021 -
David's Bridal takes on $70M loan as it preps for the return of weddings
After last year's slump in ceremonies, the retailer is raising capital to speed up its growth and ride the anticipated wave as couples return to the aisle.
By Ben Unglesbee • May 4, 2021 -
Daphne Howland/Retail Dive
Deep DiveWhat's next for Destination XL after last year's calamity in menswear?
The big-and-tall specialist's sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil.
By Ben Unglesbee • May 4, 2021 -
Sean Gallup via Getty Images
Amazon poised to overtake Walmart as largest retailer by 2025: report
As e-commerce keeps up a blistering pace, the online specialist with its vast marketplace is forecast to exceed more than $630 billion in U.S. sales.
By Ben Unglesbee • May 3, 2021 -
Daphne Howland/Retail Dive
Best Buy COO steps down following banner 2020
After 17 change-packed years at the electronics retailer, Mike Mohan is leaving the company and won't be replaced.
By Ben Unglesbee • April 30, 2021 -
Courtesy of Shopify website
Shopify revenue rises with increased online sales, e-commerce boom
The company expects online sales to subside as the economy opens up, but anticipates business will continue growing this year.
By Vaidik Trivedi • April 29, 2021 -
andresr via Getty Images
Good news on vaccines, economy drives a sunnier view of retail at Moody's
Profits will likely spike as pandemic pressure eases, with apparel and off-price players gaining the most. But a return to normal could also have a downside.
By Ben Unglesbee • April 29, 2021 -
Courtesy of Millie Moon
Diaper brand Millie Moon launches exclusively at Target
The partnership comes as Kimberly-Clark, the maker of Huggies, plans to raise prices across the majority of its consumer goods in June.
By Maria Monteros • April 29, 2021 -
Daphne Howland/Retail Dive
The husk of Sears Holdings is still in bankruptcy — and $81M in the hole
After a massively expensive Ch. 11, what's left of the company doesn't have enough cash to pay its professionals and outstanding vendor claims.
By Ben Unglesbee • April 28, 2021 -
Daphne Howland/Retail Dive
S&P turns positive on Macy's as apparel, economy gain steam
Vaccines and stimulus are driving sales increases across the industry, and the battered department store sector's largest player stands to gain.
By Ben Unglesbee • April 27, 2021 -
Tractor Supply continues to win over rural America in Q1
The retailer is benefiting from factors both in and out of its control, including the migration of millennials to the suburbs.
By Daphne Howland • April 26, 2021 -
Cara Salpini/Retail Dive
With Victoria's Secret sale talks on, L Brands aims for higher price: Bloomberg
After strong recent sales, the company could now target a valuation of at least $2 billion to $3 billion in a potential sale, sources told the publication.
By Ben Unglesbee • April 23, 2021 -
Courtesy of Love Beauty and Planet
Love Beauty and Planet launches first refillable hair care at Target
The brand debuted reusable shampoo and conditioner bottles in mass retail as part of its commitment to tackling sustainability.
By Maria Monteros • April 23, 2021 -
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
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