Financial News: Page 92
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Courtesy of Walmart
Gap, Walmart extend ties with new furniture collection
Just months after launching a partnership, the retailers are introducing a new collection of 150 products in contemporary styles.
By Maria Monteros • Oct. 28, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Why is the idea of splitting off e-commerce so popular all of a sudden?
Senior Reporters Daphne Howland and Ben Unglesbee discuss why Wall Street likes it, why others don't and how Sears' decline serves as a cautionary tale.
By Retail Dive Staff • Oct. 28, 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 -
Courtesy of Rent the Runway
Rent the Runway keeps financials close to the vest as it upsizes IPO offer
The decade-old apparel rental site offered 2 million more shares, priced at the top end of its range.
By Daphne Howland • Oct. 27, 2021 -
David Paul Morris via Getty Images
Google eyes ‘long-term opportunity’ in commerce as retail drives blowout ad revenue
As rivals like Facebook contend with headwinds from Apple, Google has kept up momentum through strengths in its shopping business and YouTube.
By Peter Adams • Oct. 27, 2021 -
Courtesy of Poshmark
Poshmark lets big brands sell on its platform
Big names can now directly sell through the secondhand apparel platform as well as manage campaigns and inventory.
By Ben Unglesbee • Oct. 27, 2021 -
Sean Gallup via Getty Images
PayPal douses reports of a Pinterest purchase
With one sentence, the fintech company dismissed a bevy of reports last week that it's pursuing a purchase of the social media site.
By Lynne Marek • Oct. 27, 2021 -
Courtesy of Mnml
A.K.A. Brands buys DTC menswear brand Mnml for $48.6M
The company just went public in September, and says the streetwear brand is another step in its effort to become a global leader in DTC fashion.
By Tatiana Walk-Morris • Oct. 25, 2021 -
Tractor Supply boasts 22M loyalty members, many of them young and spending money
The retailer is enjoying the benefits of its own initiatives as well as macro trends, including a U.S. population shift into more rural areas.
By Daphne Howland • Oct. 25, 2021 -
Getty Images
Even if retail sales slow drastically during the holidays, they will still be stellar: Wells Fargo
Supply chain woes notwithstanding, the industry is riding such highs that even a worst-case scenario would yield a near-record season.
By Ben Unglesbee • Oct. 25, 2021 -
Adeline Kon/Retail Dive
Inside top DTC exit strategies
The digitally native brands that disrupted the industry are entering the next stage in their lives. We look at why they're drawn to one path over another.
By Caroline Jansen • Oct. 25, 2021 -
Adeline Kon/Retail Dive
Deep Dive'A gold rush': Inside the rise of SPACs
Going public through blank check companies reached a fever pitch this year. Following stricter scrutiny from the SEC, the method's future remains uncertain.
By Caroline Jansen • Oct. 25, 2021 -
Adeline Kon/Retail Dive
Deep Dive'The market's on fire': What's behind the flood of DTC IPOs?
While acquisitions remain the most popular exit option for online brands, public listings are on the rise.
By Caroline Jansen • Oct. 25, 2021 -
Adeline Kon/Retail Dive
Deep DiveWhy acquisitions lead DTC exits
These deals provide brands with resources needed to grow their business: a robust supply chain, new customers and a wider distribution network. But they're not without risk.
By Caroline Jansen • Oct. 25, 2021 -
Adeline Kon/Retail Dive
Deep Dive
The anatomy of a DTC exit
As direct-to-consumer brands grow their businesses, an exit is a logical next step. For some brands, that strategy is born before their products even hit the market.
By Caroline Jansen • Oct. 25, 2021 -
Spanx sells majority stake to Blackstone
The deal values the brand, known for its shapewear, at a total of $1.2 billion. Founder Sara Blakely will step into the role of executive chairwoman.
By Ben Unglesbee • Oct. 22, 2021 -
Washington Prime Group CEO out as bankruptcy winds up
The mall REIT is now majority owned by investment firm SVP Global, after debt forgiveness that helped lighten its load by almost $1 billion.
By Daphne Howland • Oct. 22, 2021 -
Retrieved from Walmart.com.
Walmart-owned Moosejaw to open store in Bentonville
The outdoors retailer's 6,000-square-foot shop is located just a few blocks away from where Sam Walton launched Walton's 5 & 10 back in 1950.
By Maria Monteros • Oct. 21, 2021 -
Crocs posts blazing growth even amid supply chain struggles
Revenue growth hit 73% while the clog brand spent $75 million beefing up its supply chain as it contended with factory outages and shipping nightmares.
By Ben Unglesbee • Oct. 21, 2021 -
Courtesy of Target
Ulta tests small-format stores, moves into wellness as it seeks growth
Five years ago, the beauty retailer tested smaller stores and ultimately didn't move forward with them. Now, executives say things have changed.
By Cara Salpini • Oct. 21, 2021 -
Daphne Howland/Retail Dive
Pandemic rebounds: 5 retailers that bounced back in 2021
As the industry puts 2020 behind them, here's a look at some of the players that made notable comebacks this year.
By Maria Monteros • Oct. 21, 2021 -
Tailored Brands hires Neiman Marcus vet for CFO spot
Brandy Richardson, former financial chief for the luxury department store, joins another company trying to move on from a bankruptcy last year.
By Ben Unglesbee • Oct. 20, 2021 -
Courtesy of Saks
Saks e-commerce company preps IPO: WSJ
The department store's brick-and-mortar and online operations split up in March, and some investors want Macy's to follow suit.
By Daphne Howland • Oct. 18, 2021 -
Deep Dive
Is Best Buy undermining its storybook turnaround?
Layoffs and flexing in stores have taken a toll, current and former employees told Retail Dive. As one said, "You can't have good customer service when you barely have any customer service reps."
By Ben Unglesbee • Oct. 15, 2021 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Activist reportedly takes stake in Macy's, urges Saks-like e-commerce split
Also, Target teamed up with Lego for a collection inspired by its famous bricks and Allbirds launched a new product ahead of its IPO.
By Retail Dive Staff • Oct. 15, 2021 -
Getty Images
Retail growth to cool after 2021's burst of demand: Moody's
Supply chain costs and a more normal sales environment will likely slow the pace of sales and profit growth, analysts with the ratings agency said.
By Ben Unglesbee • Oct. 15, 2021
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