Financial News: Page 91


  • Poshmark and Snap partner on social shopping.
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    Courtesy of Poshmark
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    Poshmark falls short even with supply chain advantages

    Weighing on the resale specialist's profits and sales are new privacy changes on Apple products. 

    By Nov. 10, 2021
  • Global Brands to wind down

    The company, which owns brands and makes products for others, has been facing severe liquidity shortages and strains from the pandemic. 

    By Nov. 9, 2021
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • ThredUp apparel.
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    Courtesy of ThredUp
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    ThredUp ends styling box option as Q3 revenues soar

    ThredUp is benefiting from its domestic sourcing and low pricing, and doesn't depend on the fourth quarter as much as other retailers, executives said.

    By Nov. 9, 2021
  • Rent-A-Center's Acima fintech unit under investigation in 39 states

    The virtual lease-to-own specialist was acquired less than a year ago for $1.3 billion as Rent-A-Center seeks digital scale and retail partners. 

    By Nov. 8, 2021
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    Kevin Dietsch via Getty Images
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    Retailers hail infrastructure deal as good news for the supply chain

    After endless talk in Washington about the need to rebuild, the president will soon sign a trillion-dollar package with $550 billion in spending over five years.

    By Nov. 8, 2021
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    Tim Boyle via Getty Images
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    American Eagle buys Quiet Logistics, takes further control over its supply chain

    The acquisition gives the company "a fighting chance to meet consumer expectations around free and fast shipping during the holidays," said Shipium CEO Jason Murray.

    By Alejandra Carranza • Nov. 8, 2021
  • A picture of the street sign stating "Wall Street." American flags drape over a nearby building
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    Kena Betancur via Getty Images
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    17 retailers have filed for IPOs in 2021. What does that say about the industry?

    From Warby Parker and Allbirds to Claire's and Mattress Firm, companies across sectors are seizing the opportunity to enter the public markets.

    By Nov. 8, 2021
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    Getty Images
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    How high will sales rise? Predictions for the 2021 holiday season

    With everything from a 7% rise to an 11% surge, experts differ on exactly how much holiday sales will grow this year.

    By Retail Dive Staff • Nov. 5, 2021
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    Courtesy of Joe's Jeans
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    Centric Brands, WHP Global team up to buy Joe's Jeans for more than $48M

    Previous owner Sequential Brands Group has been dismantling its portfolio through the bankruptcy process.

    By Nov. 5, 2021
  • Nike Rise in Seoul, South Korea
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    Courtesy of Nike
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    Nike is on track to make $50 billion this year. How much is that, really?

    The athletics brand is a standout in its space, but how much does it make compared to the broader retail industry? We help put Nike's revenue in perspective.

    By Nov. 4, 2021
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    Courtesy of Bed Bath & Beyond
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    Bed Bath & Beyond launches online marketplace, partners with Kroger

    The home goods retailer on Tuesday also said it will complete its stock buyback program by the end of this fiscal year, two years ahead of schedule.

    By Nov. 3, 2021
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    The image by Dwight Burdette is licensed under CC BY 3.0
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    Serta taps leader of its Tuft & Needle unit as new CEO

    Shelley Huff is set to take over the mattress specialist as it chases sales in a market reshaped by DTC brands. 

    By Nov. 3, 2021
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    Ralph Lauren is opening 90 new stores this year

    The brand is in search of the ideal balance of wholesale, where BMO analysts find margins to be more robust, and direct-to-consumer sales.

    By Nov. 2, 2021
  • Glossier brings on new CFO, chief commercial officer

    Vanessa Wittman, who took the chief finance role just over two years ago, will be replaced by Seun Sodipo, most recently a finance executive at Stripe.

    By Nov. 2, 2021
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Retail Dive
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    Under Armour CEO: 'The majority of our transformational work' is done

    CFO Dave Bergman also said the retailer in the third quarter saw its strongest top and bottom line results in its history.

    By Nov. 2, 2021
  • CBL exits bankruptcy, jettisons $1.7B in debt

    The mall operator filed for Chapter 11 last fall as retail bankruptcies and unpaid rent during the pandemic's worst months took their toll. 

    By Nov. 2, 2021
  • Walmart using Goatote bag
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    Retrieved from Walmart on November 01, 2021
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    How Walmart is testing sustainable bags

    The retailer is making progress on finding solutions to replace single-use plastic bags through several in-store pilots and initiatives.

    By Catherine Douglas Moran • Nov. 2, 2021
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    Ryan Pierse via Getty Images
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    Sequential sells activewear brands to private equity for $330M

    The brand conglomerate struggled under a heavy debt load until it declared bankruptcy earlier this year and made plans to sell its assets.

    By Nov. 1, 2021
  • A GameStop storefront in a mall
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    Cara Salpini/Retail Dive
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    GameStop COO is out after 7 months on the job

    Amazon veteran Jenna Owens came amid a broad leadership shuffle at the gaming retailer, which is trying to accelerate a transformation. 

    By Nov. 1, 2021
  • Lovevery launches mobile app and secures $100M funding round.
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    Courtesy of Lovevery
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    Children's company Lovevery raises $100M, launches mobile app

    Over the past year, the toy and educational content company has partnered with Target and expanded internationally in pursuit of growth.

    By Tatiana Walk-Morris • Nov. 1, 2021
  • The tops of two city buildings, with blue sky in between.
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    Daphne Howland/Retail Dive
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    Deep Dive

    Why are department stores a target for e-commerce spinoffs?

    Those who've declared the Saks online-offline split a success now want the same for Macy's and Kohl's. Here's why they're vulnerable.

    By Nov. 1, 2021
  • Birchbox SoHo
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    Courtesy of Birchbox
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    'We're not trying to leave beauty at all': Birchbox's founder on its acquisition by healthcare firm FemTec

    Katia Beauchamp, who will move from CEO to strategic adviser, doesn't see the acquisition as a pivot or a departure, but rather a "natural evolution."

    By Oct. 29, 2021
  • Beyonce releases a new collection with Adidas x Ivy Park.
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    Courtesy of Adidas
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    Column

    The Weekly Closeout: Beyoncé's Ivy Park, Adidas partner with Peloton on apparel

    REI also launched a fund to invest in founders of color, and the iconic, overpriced "Fantasy Gifts" from Neiman Marcus are back.

    By Retail Dive Staff • Oct. 29, 2021
  • ThredUp badge designed by Christian Siriano.
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    Retrieved from ThredUp on August 31, 2021
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    ThredUp's third-party platform may be more lucrative than its secondhand clothing sales: Wells Fargo

    The used clothing site's side gig, "resale-as-a-service" or RaaS, has lined up the likes of Walmart, Madewell, Adidas and others as the market skyrockets.

    By Oct. 29, 2021
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    Sean Gallup via Getty Images
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    Amazon Q3 retail sales rise only slightly as profits plummet

    The e-commerce giant grappled with ballooning costs and falling revenue in the period, reflecting challenges that other retailers also face right now.

    By Oct. 29, 2021