Financial News: Page 92
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Daphne Howland/Retail Dive
Macy's upgraded by S&P as sales recover
The retailer has been paying down debt and bringing in profits after last year's trials. But many of its pre-pandemic challenges remain.
By Ben Unglesbee • Sept. 3, 2021 -
Courtesy of Walmart
Walmart bumps up hourly pay by $1 for over 500K workers
As retailers compete for labor ahead of the holidays, Walmart is raising wages for front-end, food and consumable, and general merchandise workers.
By Maria Monteros • Sept. 3, 2021 -
Daphne Howland/Retail Dive
As customers return to stores, American Eagle's Q2 online sales fall
The apparel retailer disclosed that it acquired e-commerce logistics company AirTerra, to help control its supply chain and make money on the side.
By Daphne Howland • Sept. 2, 2021 -
Permission granted by Chewy
Chewy sales leap 27% as it takes market share
The online pet retailer is winning over wallets, but marketing costs are still hounding the company in its quest for profits.
By Ben Unglesbee • Sept. 2, 2021 -
Retrieved from Target on December 04, 2018
Oral care company Quip raises $100M to fund global growth
Its retail sales are up over 100% due to new product launches and partnerships with Walmart and Target.
By Tatiana Walk-Morris • Sept. 2, 2021 -
Courtesy of Olaplex
Private equity-backed haircare brand Olaplex files for IPO
The brand, which touts its ties to professional stylists and "science-backed" products, has been growing both its sales and debt load.
By Ben Unglesbee • Sept. 1, 2021 -
Courtesy of Brilliant Earth
Brilliant Earth joins IPO party
The DTC jeweler, which touts ethical sourcing of its materials and runs more than a dozen showrooms, swung to a profit last year.
By Daphne Howland • Sept. 1, 2021 -
Sequential Brands files for bankruptcy
After crumpling under its debt load, the licensing specialist is looking to sell off its remaining brands in Chapter 11.
By Ben Unglesbee • Aug. 31, 2021 -
Cara Salpini/Retail Dive
Allbirds files for IPO with growing revenue, and losses
Revenue at the DTC brand grew last year to $219 million, but so did losses, reaching $25.9 million.
By Cara Salpini • Aug. 31, 2021 -
Retrieved from Stateside on August 31, 2021
Digital Brands buys up another apparel business as it seeks scale
The company is looking to rapidly transform itself into a brand conglomerate that can create styles for customers out of its owned entities.
By Ben Unglesbee • Aug. 31, 2021 -
Retrieved from Apple Store.
Social shopping startup Flip raises $28M
The company intends to use the funding to expand its brand offering, creator ecosystem and end-to-end logistics platform.
By Tatiana Walk-Morris • Aug. 31, 2021 -
Retrieved from Digital Brands Group on August 30, 2021
Months after IPO, Digital Brands Group listed among S&P's most vulnerable retailers
The company is looking to roll up apparel brands and create leverage out of scale. But it's a long way from being profitable.
By Ben Unglesbee • Aug. 30, 2021 -
Daphne Howland/Retail Dive
Off-price retailers brace for uncertainty despite healthy Q2
Burlington, Ross and TJX are usually isolated from macro headwinds, but are dealing with rising freight costs, supply chain issues and unknowns.
By Daphne Howland • Aug. 30, 2021 -
Joe Raedle via Getty Images
A tale of two dollar stores: Dollar Tree hit by freight while Dollar General mostly shrugs off costs
The $1 proposition means less room to raise prices as supply chain congestion leads to extraordinary cost increases.
By Ben Unglesbee • Aug. 27, 2021 -
Bebe to purchase more rent-to-own furniture stores
The company, which is primarily known as a fashion licensor, is purchasing more Buddy's Home Furnishings franchises and announced that it refinanced.
By Kaarin Moore • Aug. 27, 2021 -
Daphne Howland/Retail Dive
Gap keeps mum about its Yeezy collection as Old Navy, Athleta dominate Q2
The conglomerate is enjoying a comeback, but when it comes to growth, its iconic namesake and struggling Banana Republic have taken a back seat.
By Daphne Howland • Aug. 27, 2021 -
Courtesy of Walmart
ColumnThe Weekly Closeout: Walmart, Dove partner for inclusive baby line and Hermès sells a $1,125 dog bowl
The mass merchant wants to fill a gap in the category, and the luxury brand unveiled a product for furry friends that enjoy the finer things.
By Retail Dive Staff • Aug. 27, 2021 -
Courtesy of Target
Ulta ‘thrilled’ with Target partnership as first 58 stores open
Aiming for 100 by the end of the third quarter, executives said the experience is already resonating with shoppers.
By Cara Salpini • Aug. 26, 2021 -
Resale tech startup Trove raises $77.5M
The company will use the funds to grow its brand partnerships, enter the luxury market, reach European consumers, and improve its tech and logistics.
By Tatiana Walk-Morris • Aug. 26, 2021 -
Cara Salpini/Retail Dive
With plans to hire 8K employees, Lululemon raises hourly pay
In late September, the athleisure retailer's minimum wage will start at $15 or $17 to accommodate growth and prep for the holidays.
By Daphne Howland • Aug. 26, 2021 -
Permission granted by Dick's Sporting Goods
Dick’s piles on sales gains, eyes more growth with new concepts
The sporting goods retailer is doubling down on stores as it rolls out its House of Sport concept and Public Lands banner.
By Ben Unglesbee • Aug. 26, 2021 -
Michael Buckner / Staff via Getty Images
Warby Parker files to go public through direct listing
The DTC eyewear brand's revenue has been on the rise. But, like several other digitally native brands that have gone public, it struggles with profitability.
By Caroline Jansen • Aug. 25, 2021 -
Daphne Howland/Retail Dive
Inventory confounds Nordstrom in subdued Q2
The department store beat expectations but, unlike most rivals, results declined from 2019 in a period still clouded by the pandemic.
By Daphne Howland • Aug. 25, 2021 -
Courtesy of On
Roger Federer-backed running brand On files for IPO
The company will offer 31.1 million shares priced between $18 and $20.
By Cara Salpini • Updated Sept. 7, 2021 -
Courtesy of CMA CGM
What retail executives are saying about widespread supply chain bottlenecks
From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
By Ben Unglesbee • Updated Aug. 30, 2021
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