Financial News: Page 93


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    Michael Buckner / Staff via Getty Images
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    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 Aug. 25, 2021
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    Daphne Howland/Retail Dive
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    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 Aug. 25, 2021
  • The founders of running brand On
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    Courtesy of On
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    Roger Federer-backed running brand On files for IPO

    The company will offer 31.1 million shares priced between $18 and $20.

    By Updated Sept. 7, 2021
  • Asia’s first ship-to-containership LNG bunkering undertaken by CMA CGM and FueLNG at the Port of Singapore, March 2021.
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    Courtesy of CMA CGM
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    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 Updated Aug. 30, 2021
  • A dark blue van with the word "Geek" in large white letters is parked in a lot.
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    Daphne Howland/Retail Dive
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    Best Buy flexes ongoing strength in Q2 as online sales drop

    The electronics retailer is expected to continue to enjoy strong demand for its gadgets and services, but could face renewed competition from Amazon.

    By Aug. 24, 2021
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    Daphne Howland/Retail Dive
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    Amazon aggregator D1 Brands raises $123M

    More investors are lining up to fund companies that are acquiring third-party sellers from Amazon and other digital natives.

    By Tatiana Walk-Morris • Aug. 24, 2021
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    Cara Salpini/Retail Dive
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    Bath & Body Works, Victoria's Secret show different strengths in Q2

    With some metrics still tangled together, the now-separated brands still featured in each other's reports. But it's clear why they shouldn't be together.

    By Aug. 20, 2021
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    Foot Locker net sales surge 28% from 2019

    The company outlined more details on its acquisitions of WSS and Atmos, and provided an update on its wind down of Footaction stores.

    By Aug. 20, 2021
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    Courtesy of Crate and Barrel
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    The Weekly Closeout: Crate and Barrel partners with Shinola and Shrek goes Supreme

    The retailer collaborated with the luxury watchmaker for a furniture and housewares collection, and the famous green ogre is Supreme's new muse.

    By Retail Dive Staff • Aug. 20, 2021
  • A light post sits just below the big red sign on Macy's flagship store.
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    Daphne Howland/Retail Dive
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    Macy's says its Polaris turnaround is 'working'

    But, as Amazon looms, the department store may not be prepared for the day the high-spending U.S. consumer settles down.

    By Aug. 20, 2021
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    Daphne Howland/Retail Dive
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    Petco sales up 19% as category demand remains high

    The retailer has been able to sustain the growth it experienced in 2020, reporting that comp sales increased for the 11th consecutive quarter.

    By Aug. 19, 2021
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    Courtesy of Target
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    Target posts 9% comp sales entirely driven by traffic

    The retailer emphasized its theme of "growth on top of growth" even as the pace slows.

    By Maria Monteros • Aug. 18, 2021
  • Lowe's storefront
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    Retrieved from Lowe's Newsroom on December 02, 2020
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    Lowe's comps fall as consumer DIY projects slow

    Declines come as little surprise compared to a stellar year for home improvement in 2020. But Home Depot's Q2 gains add pressure.

    By Aug. 18, 2021
  • Walgreens launches myWalgreens Credit Card program.
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    Courtesy of Walgreens
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    Walgreens launches credit card program that rewards health and wellness

    Cardholders can earn rewards for making healthy purchases, just one part of the evolution of the retailer's financial services offerings. 

    By Tatiana Walk-Morris • Aug. 17, 2021
  • July retail sales up 11.5% despite consumers traveling, dining out

    Growth compared to 2019 outpaced the year-over-year rise, partly because shoppers are flush with savings thanks to governmental support.

    By Aug. 17, 2021
  • Home Depot surpasses $40B in quarterly sales for the first time

    Though fewer consumers are undertaking home improvement projects compared to 2020, those that are, are tackling larger projects and paying more.

    By Aug. 17, 2021
  • Walmart Store Exterior at Night
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    Courtesy of Walmart
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    Walmart's sales keep growing even as online momentum slows

    The retailer prides itself letting customers choose how they want to shop, which is continually changing during the pandemic. 

    By Aug. 17, 2021
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    Courtesy of Simon Property Group
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    Malls are rebounding but Q2 shows how cloudy their future is

    A once dependable retail format has become unpredictable as REITs sign shorter leases with variable rents and bet on "mixed use."

    By Aug. 17, 2021
  • Walmart transforms stores to focus on digital.
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    Courtesy of Walmart
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    Walmart looks for a cryptocurrency strategy leader

    The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven and sorting itself out. 

    By Aug. 16, 2021
  • New Balance sues Michael Kors over 'N' mark shoes

    The luxury brand's namesake is a known fan of the shoemaker, which is targeting a design on two shoe lines it says infringed on trademarks. 

    By Aug. 13, 2021
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    Courtesy of Kohl's
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    Column

    The Weekly Closeout: Sephora, Kohl’s aim for 200 stores by October while Party City plans 100 for Halloween

    The initial locations in the Sephora at Kohl's partnership are opening in August, and the party specialist is hoping for a better fall this year than last.

    By Retail Dive Staff • Aug. 13, 2021
  • Reebok
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    Courtesy of Authentic Brands
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    Authentic Brands Group to acquire Reebok for $2.5B

    Adidas bought the brand in 2006 and it has since struggled to find a place under the sportswear giant. The sale gives it a second chance.

    By Aug. 12, 2021
  • Canada Goose shares slump as it moves to DTC model

    Execs at the apparel brand say it's on a solid growth trajectory, but that revenue cadence is shifting with more product selling in its own channels.

    By Aug. 12, 2021
  • Dillard's swings to profit in Q2 as women buy clothing and shoes

    Store comps were up 14% compared to 2019, and margins widened as the Southern department store kept tight control of inventory.

    By Aug. 12, 2021
  • Farfetch and ThredUp team up on clothing donation service.
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    Courtesy of Farfetch
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    Resale retailers mostly shrug off delta worries after healthy Q2

    Poshmark, The RealReal and ThredUp each touted their unique advantages. But only one was profitable in the period.

    By Aug. 11, 2021