Financial News: Page 97
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Party City to open four times more Halloween pop-ups as in 2020
But the physical footprint still falls far short of the store count before the pandemic and acceleration of multi-channel shopping.
By Ben Unglesbee • Aug. 10, 2021 -
Struggling Sequential Brands unloads Ellen Tracy, Caribbean Joe for $20M
The brand specialist is trying to pay down debt and stave off bankruptcy with asset sales.
By Ben Unglesbee • Aug. 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 -
Square's Afterpay acquisition highlights buy now, pay later craze
The companies aim to knit together Square's small and medium-sized merchant clients with Afterpay's larger retailer customers, like Target and Sephora.
By Lynne Marek • Aug. 9, 2021 -
Victoria's Secret is out in the open
The brand remained a powerhouse even when it was making mistakes. Now it's owning up to them.
By Daphne Howland • Aug. 9, 2021 -
Walmart loses one of highest-ranking female execs to Conn's
Chandra Holt will leave her role as executive vice president of U.S. e-commerce to become the home retailer's CEO effective Aug. 9.
By Maria Monteros • Aug. 6, 2021 -
Column
The Weekly Closeout: Target debuts employee degree program and REI doubles down on travel
The big-box retailer joins Walmart in tackling education assistance, while the outdoors retailer expands access to short-term rentals for members.
By Retail Dive Staff • Aug. 6, 2021 -
Levi's to stretch beyond jeans with Beyond Yoga
The iconic denim maker, in a play for what is becoming a staple of American fashion, will pay an undisclosed amount of cash for the DTC activewear brand.
By Daphne Howland • Aug. 6, 2021 -
Brandless raises $118M in funding round
The company will use the money to acquire digitally native brands and invest in its social influencer program.
By Kaarin Moore • Aug. 5, 2021 -
The Container Store notches its first Q1 profit in more than a decade
The struggling retailer has benefited from the pandemic fueling interest in the home and two Netflix shows fueling interest in organization.
By Daphne Howland • Aug. 5, 2021 -
Function of Beauty acquires personalized skin care company Atolla
In a quest to make customizable beauty "the new norm," the DTC hair care brand will use the acquisition to improve its skin care offering.
By Cara Salpini • Aug. 4, 2021 -
Macy's wipes away $1.3B in debt
The department store is getting its financial house in order, but has more work to do if it's to sustain its recovery, analysts say.
By Daphne Howland • Aug. 4, 2021 -
CB Insights: Retail tech funding surpasses $31B in Q2
As retailers lean into technology to solve immediate and long-term issues, investments in the space have tripled from last year, the firm found.
By Maria Monteros • Aug. 4, 2021 -
Hasbro, Mattel to raise prices as logistics costs increase
The toymakers said challenges in ocean shipping were among the leading factors of cost inflation, but their teams found ways to navigate the disruptions.
By Edwin Lopez • Aug. 3, 2021 -
Under Armour posts strong growth, but will the turnaround stick?
Results were a vast improvement over the second quarter last year, but a temporary uplift in consumer demand could also be factoring in.
By Cara Salpini • Aug. 3, 2021 -
Victoria's Secret, Bath & Body Works officially part ways
However, the brands remain tied by a settlement with the Oregon Justice Department over their ex-parent's "culture of silent harassment and fear."
By Daphne Howland • Aug. 3, 2021 -
The convenience of buy now, pay later creates risks: Fitch
Fast underwriting, low credit barriers and lack of reporting are hallmarks of a fast-growing market for the credit services.
By Ben Unglesbee • Aug. 3, 2021 -
Wolverine World Wide acquires activewear brand Sweaty Betty
The retailer, which is best known for its footwear, is acquiring the DTC company in an effort to expand its e-commerce strategy and product categories.
By Kaarin Moore • Aug. 3, 2021 -
Foot Locker shells out $1.1B to acquire 2 athletic retailers
The expansion bid, which brings WSS and Atmos into the fold, provides the retailer with footholds in key growth markets in the U.S. and Japan.
By Cara Salpini • Aug. 2, 2021 -
Gopuff raises another $1B to fuel rapid growth
The delivery company, which is now valued at $15 billion, will use the funding to expand to new locations, hire talent and build out its technology.
By Jeff Wells • Aug. 2, 2021 -
Walmart holds on to top spot of Fortune 500, Amazon leaps to No. 3
The pandemic drove growth at both companies, which were poised in their own ways to take advantage of changes in shopping patterns.
By Ben Unglesbee • Aug. 2, 2021 -
Square to acquire buy now, pay later player Afterpay for $29B
The acquisition underscores Square CEO Jack Dorsey's ambitious plans to build a merchant and banking empire in new directions globally.
By Lynne Marek • Aug. 2, 2021 -
Global Brands' US business files for bankruptcy
The apparel maker owes millions of dollars in royalty money to brand owners. In Ch. 11, the company aims to sell itself off piecemeal.
By Ben Unglesbee • July 30, 2021 -
Despite Prime Day, Amazon Q2 misses as pandemic boost fades
The e-commerce giant is seeing big revenue boosts from services outside of its online or store-based product sales.
By Daphne Howland • July 30, 2021 -
Klarna acquires platform that connects content creators, retailers
Apprl allows companies to create social shopping content and track campaign results as the payments company increases its marketing services.
By Tatiana Walk-Morris • July 30, 2021 -
Shopify keeps up blazing growth with revenue up 57%
The e-commerce services provider also announced what it said was its largest investment ever in its online store platform.
By Ben Unglesbee • July 29, 2021