Financial News: Page 91


  • Centric Brands adds to exec ranks, board as it eyes post-bankruptcy growth

    The licensing specialist has brought in a former Pandora executive and past president of Lord & Taylor to help lead it in a new era. 

    By May 12, 2021
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    alvarez via iStock
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    Report: Retail tech investments at fastest run rate in 5 years

    The enhancement of supply chain and omnichannel capabilities continue to drive funding as retailers approach a post-pandemic world, CB Insights found.

    By Maria Monteros • May 12, 2021
  • Simon Q1 shows a mall business on the mend, but in flux

    Traffic and purchases are recovering, but the REIT is signing more temporary leases, agreeing to more rents based on sales and leaving some space empty.

    By May 12, 2021
  • A Paper Source storefront in Georgetown
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    Cara Salpini/Retail Dive
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    Paper Source to be acquired in Ch. 11 by owner of Barnes & Noble

    Elliott Investment Management emerged as the successful bidder for the gift specialist and sees it as "highly complementary" to the book retailer.

    By May 11, 2021
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    Dean Mitchell via Getty Images
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    Sponsored by Katapult

    Retailers are leaving almost half of American consumers without an option to buy

    Three reasons why lease-to-own is the best option for retailers that want to expand the number of customers that can engage with their brands.

    May 10, 2021
  • Walmart Store Exterior at Night
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    Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
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    Walmart acquires telehealth provider MeMD, upping competition in telehealth space

    Bringing the telehealth vendor under Walmart's umbrella may pit the big-box retailer directly against Amazon in the virtual care arena.

    By Rebecca Pifer • May 7, 2021
  • Picture of an At Home storefront.
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    Permission granted by At Home Group
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    At Home to be acquired by private equity firm for $2.8B

    After years of speculation of a sale, Hellman & Friedman entered into a definitive agreement with the retailer that would take it private.

    By May 7, 2021
  • A GameStop storefront in a mall
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    Cara Salpini/Retail Dive
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    GameStop upgraded as it raises cash for turnaround and pays off debt

    After raising more than half a billion dollars from a stock market bullish on the retailer, it has more flexibility to invest in digital efforts.

    By May 7, 2021
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    Daphne Howland/Retail Dive
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    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 May 7, 2021
  • Two blue bags with groceries on a doorstep.
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    Courtesy of Walmart corporate blog
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    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 May 6, 2021
  • Exterior of a J.C. Penney store.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    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 May 6, 2021
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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    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 May 6, 2021
  • New Modcloth owner Nogin
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    Courtesy of Nogin
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    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 May 6, 2021
  • A dark blue flag that reads "Old Navy" in white block letters hands vertically on a building in New York City, shown in the righ of a photo. Another building is on the left, with blue sky in the middl
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    Daphne Howland/Retail Dive
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    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 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 May 5, 2021
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    Courtesy of Gap Inc.
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    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 May 5, 2021
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    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 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 May 4, 2021
  • Exterior shot of a DXL store.
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    Daphne Howland/Retail Dive
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    Deep Dive

    What'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 May 4, 2021
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    Sean Gallup via Getty Images
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    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 May 3, 2021
  • A bright yellow sign against a blue roof says "Best Buy" in bold black letters.
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    Daphne Howland/Retail Dive
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    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 April 30, 2021
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    Courtesy of Shopify website
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    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
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    andresr via Getty Images
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    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 April 29, 2021
  • Millie Moon
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    Courtesy of Millie Moon
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    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