Financial News: Page 90


  • PVH shines in Europe but stumbles at home in Q1

    The apparel conglomerate also announced leadership changes ahead of what some analysts expect could be major changes in North America.

    By June 3, 2021
  • Target
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    Courtesy of Target
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    Target, Walmart announce overlapping sales events to rival Amazon

    When the e-commerce giant announced Prime Day, two of its biggest competitors responded by plotting their own deal days for 24 hours earlier.

    By Maria Monteros • June 3, 2021
  • A phone user browses Depop's mobile app.
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    Courtesy of Depop
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    Etsy to buy apparel resale site Depop for $1.6B

    The deal ticks key boxes for both companies — and begs the question of why a traditional retailer didn't snap up the Gen Z favorite.

    By June 2, 2021
  • "For lease" signs in empty store windows trimmed in light green paint.
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    Daphne Howland/Retail Dive
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    Deep Dive

    Uncertainty lingers, even as consumer confidence rebounds

    There are signs of economic recovery and the end of the pandemic, especially in the U.S. But the outlook is uneven and rife with unknowns.

    By June 2, 2021
  • A Sears store going out of business in 2020
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    Daphne Howland/Retail Dive
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    Deep Dive

    Is the never-ending Sears saga finally reaching its closing chapters?

    Most of what is left of the one-time empire is a footprint smaller than many regional retailers, and a whole lot of legal bills.

    By June 1, 2021
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    Fotolia
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    Digital brand company Perch raises $775M to expand globally

    The company scales Amazon third-party sellers and other direct-to-consumer brands, and the funds will help fuel its expansion.

    By Tatiana Walk-Morris • May 28, 2021
  • Turmoil at Sequential Brands amid late financials, strategic review

    Since the fall, the company has lost a CEO and an executive chairman, and has tried to sell off assets while struggling to pay its debts.

    By May 28, 2021
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Retail Dive
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    Athleta steals the spotlight in Q1 as Gap retrenches

    The apparel conglomerate's namesake brand, which lost sales due to hundreds of store closures, has a lot of irons in the fire.

    By May 28, 2021
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta posts record quarterly results as CEO Mary Dillon prepares to step down

    The executive's last quarter at the helm saw sales and comps surge 65% from 2020. Both metrics also increased over 2019 figures.

    By May 28, 2021
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    Courtesy of Walmart
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    Gap, Walmart team up to unveil new home essentials brand

    As the home improvement sector continues to see growth, the two retailers inked a multiyear partnership to launch over 400 products, dubbed Gap Home.

    By Maria Monteros • May 27, 2021
  • Dick's Sporting Goods' House of Sport store concept
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    Permission granted by Dick's Sporting Goods
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    Dick's sales surge 119% as it invests in stores, private labels

    Even compared to 2019, sales at the retailer were up 52% as it prepares for the launch of the Public Lands concept later this year.

    By May 27, 2021
  • Best Buy expands delivery options.
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    Courtesy of Best Buy
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    Best Buy comes roaring out of the pandemic era with 37% sales growth

    Stimulus and home renovations drove "extraordinarily high" demand at the retailer, which is preparing for permanent changes in shopping habits. 

    By May 27, 2021
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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    Off-pricers bounce back in Q1

    Supply is still a problem, but these retailers are back in the game. All they really needed was stores to reopen.

    By May 27, 2021
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    Justin Sullivan via Getty Images
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    Judge dismisses DC attorney general's antitrust suit against Amazon

    The district's top lawyer said the court "got this wrong" and is reviewing further legal options.

    By Updated March 21, 2022
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    Daphne Howland/Retail Dive
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    Downsizing hurts Nordstrom in Q1

    Last year's move to shutter 16 full-line stores hampered sales over 2019. Meanwhile, some analysts question a key aspect of its new digital strategy.

    By May 26, 2021
  • Authentic Brands eyeing possible IPO: Bloomberg

    A possible deal to go public could fetch a $10 billion value for the company as it buys up retail brands out of bankruptcy and distress.

    By May 25, 2021
  • Tuesday Morning returning to Nasdaq after delisting

    The off-price retailer is back on a major market after its Chapter 11 and restructuring, and is projecting optimism about the future. 

    By May 24, 2021
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    Alex Wong / Staff via Getty Images
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    Deep Dive

    Visa, Mastercard face biggest challenges in a decade

    Regulatory, legislative and court confrontations over the card network companies' fees are ratcheting up pressure again for reform of the behemoths' practices.

    By Lynne Marek • May 21, 2021
  • Deep Dive

    Can banks win in the booming buy now, pay later space?

    While buy now, pay later represents a niche of the payments ecosystem, banks should take note of what its growth says about the next generation of consumers.

    By Anna Hrushka • May 21, 2021
  • The store sign on a Vans store in New York City.
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    Daphne Howland/Retail Dive
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    Vans pulls up VF Corp as apparel replenishment begins

    The hit sneaker brand is in comeback mode, but Europe's pandemic troubles and questions around inventory remain bumps in the road.

    By May 21, 2021
  • Seeking a post-bankruptcy rebound, Tuesday Morning adds former Burlington execs to C-suite

    The off-price retailer brought in Fred Hand as CEO and Marc Katz as interm CFO as it tries to stabalize and grow in the sector. 

    By May 21, 2021
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    Foot Locker to convert, wind down most Footaction stores

    A third of the stores will be converted to other company banners, while "the majority" of the remaining fleet will be shut down as leases expire.

    By May 21, 2021
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    Petco
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    Petco posts 'record' Q1, raises full-year outlook

    The retailer has been able to ride the wave of increased categorical demand this past year as consumers turned to their pets for comfort.

    By May 20, 2021
  • Picture of Victoria's Secret store sign
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    Daphne Howland/Retail Dive
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    L Brands says the government's pandemic relief drove $125M in sales and stoked profits

    With Bath & Body Works sales nearly doubled and Victoria's Secret on the mend, the company named new CFOs for when they separate in August.

    By May 20, 2021
  • A tree branch frames a Kohl's store on a sunny day.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl's posts 70% sales growth as it rides consumer momentum in Q1

    The retailer raised its forecast for the year — which would still leave it short of pre-pandemic levels — while touting new brand partnerships. 

    By May 20, 2021