Financial News: Page 96
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Away CEO exits barely a year in
Stuart Haselden, who arrived at the brand from Lululemon in January last year, is leaving just four months after he became sole CEO.
By Cara Salpini • Jan. 25, 2021 -
Danielle Ternes/Retail Dive
Deep DiveAfter the extremes of 2020, retail resilience means a new sense of what's possible
A pandemic exposed the industry's vulnerabilities and latent survival skills. To weather the next disaster, companies must be agile and take risk seriously.
By Ben Unglesbee • Jan. 25, 2021 -
Courtesy of Gap Inc.
Athleta extends sizing across its collection
Gap Inc. is leaning on its activewear brand and its discount Old Navy banner for growth as its namesake continues to falter.
By Daphne Howland • Jan. 22, 2021 -
Daphne Howland/Retail Dive
In quest for profit, American Eagle plans as many as 225 store closures
The teen apparel brand will shutter 52 locations this year as its Aerie lingerie label opens just as many.
By Daphne Howland • Jan. 22, 2021 -
Daphne Howland/Retail Dive
Talbots downgraded by S&P as pandemic weighs on sales, cash flow
With an older core customer, the private equity-owned apparel seller has been disproportionately affected by COVID-19's spread, analysts said.
By Ben Unglesbee • Jan. 22, 2021 -
Apparel resale app Curtsy raises $11M in Series A funding
The platform aims to attract casual sellers by streamlining processes, including price recommendations, image improvements and product detail autofilling.
By Tatiana Walk-Morris • Jan. 22, 2021 -
Permission granted by MyTheresa
MyTheresa IPO brings in $407M
After years of bitterly fighting over it, the growing online luxury retailer previously owned by Neiman Marcus is trying to start a new chapter.
By Ben Unglesbee • Jan. 21, 2021 -
Daphne Howland/Retail Dive
Retailers welcome swift action from Biden White House to combat COVID-19
Store workers have been left to enforce mask-wearing and social distancing, and deal with sometimes combative customers.
By Daphne Howland • Jan. 21, 2021 -
Fashion apparel makes a comeback, focus on digital deepens, and other 2021 predictions
The pandemic, and recovery from it, will likely define the year as consumers look to refresh their wardrobes and retailers hold on to new practices that worked, analysts say.
By Ben Unglesbee • Jan. 20, 2021 -
Courtesy of Outer
With fresh funding in hand, Outer sets sights beyond outdoor furniture, rugs
The DTC brand snapped up $10.5 million to help it grow its assortment, build on its sustainability efforts and expand on its unique showroom model.
By Caroline Jansen • Jan. 20, 2021 -
The middle class is stressed and the pandemic isn't helping
Consumer spending is inhibited by not only a stubborn wealth gap, but also the precarious finances of those who are doing okay.
By Daphne Howland • Jan. 20, 2021 -
Danielle Ternes/Retail Dive
What 6 charts say about the pandemic's impact on retail
From store closures to foot traffic, here are various ways that the global health crisis impacted retail, and what it could mean for the future.
By Cara Salpini • Jan. 19, 2021 -
Courtesy of Birkenstock
Birkenstock reportedly in talks to sell to private equity
The nearly 250-year-old company is in advanced discussions to be acquired for about $5 billion, according to Bloomberg.
By Daphne Howland • Jan. 19, 2021 -
Staples makes a $1B bid for Office Depot's retail business
The private equity-owned retailer is looking to combine the last major office box stores after ODP Corporation rebuffed a takeover earlier this year.
By Daphne Howland , Ben Unglesbee • Updated June 7, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning CEO to depart
The off-price retailer is looking for a new leader at the top shortly after restructuring in Chapter 11 bankruptcy.
By Ben Unglesbee • Jan. 19, 2021 -
Courtesy of Ipsy
Ipsy to invest $7M in Black-owned brands
The updated investment comes after the beauty brand promised to dedicate $5 million to the development and amplification of beauty brands in June.
By Maria Monteros • Jan. 19, 2021 -
Daphne Howland/Retail Dive
Ulta announces corporate layoffs, merchandising restructure
The retailer did not specify the number of employees impacted but stated that it eliminated roles "across all functions of the company."
By Cara Salpini • Jan. 15, 2021 -
The image by Gage Skidmore is licensed under CC BY-SA 2.0
Biden details $1.9T pandemic relief package
The National Retail Federation hailed the plan's twin efforts to protect consumers and businesses, and get a grip on the escalating pandemic.
By Daphne Howland • Jan. 15, 2021 -
Walmart e-commerce chief Marc Lore to retire
Digital sales at the retail giant have boomed, but the executive's trajectory through the company hasn't followed a straight line.
By Ben Unglesbee • Jan. 15, 2021 -
Courtesy of Macy's
Macy’s opens second Market by Macy’s strip center location
The department store is moving forward with a strategy, announced before the pandemic, to run smaller off-mall stores, but it has a lot to prove.
By Daphne Howland • Jan. 14, 2021 -
Urban Outfitters names new CEO
Sheila Harrington, who currently runs the Free People brand, will continue in that role and replace Trish Donnelly as CEO.
By Kaarin Moore • Jan. 14, 2021 -
Christopher & Banks files for bankruptcy, could close all stores
The women's apparel seller is among the victims of the pandemic, which dragged down demand among its core customers.
By Ben Unglesbee • Jan. 14, 2021 -
Courtesy of Ulta
'There are no environmentally friendly companies': The pursuit of corporate social responsibility
Home Depot and Ulta executives discuss what retailers should consider in forming corporate social responsibility plans, and how to succeed.
By Cara Salpini • Jan. 14, 2021 -
The image by wpktsfs is licensed under CC BY-SA 3.0
A closer look at RH’s Aspen ‘ecosystem’
The brand last week made an investment into a major Colorado real estate development, which includes stores, restaurants, residences and a spa.
By Caroline Jansen • Jan. 14, 2021 -
By the numbers: Holiday retail sales in 2020
Kohl's comparable sales fell by 11% during the fourth quarter — an improvement over earlier periods — while it focused on cutting costs.
By Daphne Howland , Ben Unglesbee , Kaarin Moore • Updated Feb. 4, 2021
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