Financial News: Page 97
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Dillenbeck, John. (2018). "Marshall Field's Building Chicago" [photograph]. Retrieved from Flickr Pro.
Deep DiveMacy's Windy City blues
The department store is closing its Magnificent Mile location in Chicago. Some who remember Marshall Field's wish it had never arrived.
By Daphne Howland • March 1, 2021 -
Outdoor Voices names Urban Outfitters vet CEO
Gabrielle Conforti, who has 15 years of retail and apparel experience, will be in charge of launching products and setting the vision for the DTC brand.
By Caroline Jansen • Feb. 26, 2021 -
Bernie Sanders' mittens propelled $1.9M in Etsy sales last month
The marketplace embraced its maker ethos after a detour a few years ago. That and demand for masks led to massive growth during the pandemic year.
By Daphne Howland • Feb. 26, 2021 -
NRF: 2021 retail sales could rise more than 8% on vaccine rollout
The trade group estimates that the figure could top $4.3 trillion as consumers return to stores and the economy bounces back.
By Ben Unglesbee • Feb. 26, 2021 -
Best Buy cuts 5K jobs as it shifts to more part-time workers
The electronics retailer is also closing stores and reducing sales space as it preps for long-term digital shifts.
By Ben Unglesbee • Feb. 26, 2021 -
Courtesy of Sephora
Sephora plans 260-store expansion through Kohl’s, owned stores
Sixty of the stores will be freestanding Sephora locations, as part of a "2020 strategy shift due to the impact of the pandemic."
By Cara Salpini • Feb. 26, 2021 -
Courtesy of Target
Target to roll out dedicated Apple shops inside 17 locations
The recent announcement is the latest shop-in-shop partnership the retailer has made following similar deals with Ulta and Disney.
By Maria Monteros • Feb. 25, 2021 -
Cara Salpini/Retail Dive
Victoria's Secret to close as many as 50 more stores this year
L Brands' Bath & Body Works will also continue to shift away from enclosed malls, where stores have lower conversion rates than at off-mall locations.
By Daphne Howland • Feb. 25, 2021 -
Courtesy of Madison Reed
Madison Reed rakes in $52M to fuel 'omnichannel expansion'
The DTC hair color brand saw 130% growth in 2020, and opened 16 of its Color Bars, as part of a plan to expand to 600.
By Cara Salpini • Feb. 25, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Amazon enters a new phase
The team talks about how retailers have paved their own way, as Jeff Bezos prepares to hand over the CEO reins at the e-commerce giant.
By Daphne Howland • Feb. 25, 2021 -
Benefiting from the home category boom, Wayfair posts 45% revenue increase
But the longevity of its success, largely built on pandemic-induced spending trends, remains a question as consumers eventually venture outside the home.
By Caroline Jansen • Feb. 25, 2021 -
Daphne Howland/Retail Dive
Macy's Media Network brings in $35M since launch
Debuted in August, the effort mirrors how other retailers are trying to combine existing capabilities in areas like loyalty with advertising sales.
By Peter Adams • Feb. 24, 2021 -
Home Depot, Lowe's round out knockout year with strong Q4
Helped by stimulus check distribution in December, the home improvement sector continued to benefit from consumers investing in their spaces.
By Caroline Jansen • Feb. 24, 2021 -
Belk exits bankruptcy a day after filing for Chapter 11
The department store retailer won speedy approval of a restructuring plan that allowed it to drop $450 million in debt.
By Ben Unglesbee • Updated Feb. 25, 2021 -
The image by MysteriousMystery is licensed under CC BY-SA 3.0
Fry's Electronics abruptly goes out of business, closes stores
The retailer cited a changing industry and the impact of COVID-19 as reasons for closing its doors after nearly four decades.
By Kaarin Moore • Feb. 24, 2021 -
Courtesy of Shippo
Shippo raises $45M to fuel expansion
Amid the e-commerce spike, the shipping technology startup wants to facilitate Amazon-level deliveries for other marketplaces.
By Tatiana Walk-Morris • Feb. 24, 2021 -
Daphne Howland/Retail Dive
Macy's mostly sticks to 'Polaris' turnaround after brutal pandemic year
The department store is stoking its e-commerce and off-price operations in anticipation that its recovery will gain strength in the back half of the year.
By Daphne Howland • Feb. 23, 2021 -
Courtesy of Estée Lauder
Estée Lauder snaps up controlling stake in Deciem for $1B
The deal values The Ordinary's parent company at $2.2 billion, with Estée Lauder planning to acquire the rest of the company in three years.
By Cara Salpini • Feb. 23, 2021 -
Permission granted by Heyday
Skincare company Heyday raises $20M, plans ‘hundreds’ of franchised stores
The company is bringing on a former Rent the Runway exec to lead the expansion as it vows to invest in a more personalized online experience.
By Cara Salpini • Feb. 23, 2021 -
Allbirds names Glossier CEO Emily Weiss to board
Also joining is e.l.f. Beauty's Chief Financial Officer Mandy Fields, though the company is not launching into beauty, a spokesperson said.
By Cara Salpini • Feb. 23, 2021 -
Permission granted by Fjällräven
Deep DiveThe outdoors boom spared many retailers from the harshest impacts of COVID
Outdoor companies faced their share of ups and downs during the pandemic, but a tidal wave of new customers could prime the space for future growth.
By Cara Salpini • Feb. 23, 2021 -
Courtesy of Kohl's
Activist group attempts Kohl's board takeover with 9 nominations
The discount department store is somewhat resilient thanks in part to its largely off-mall locations, but some investors have a bolder agenda.
By Daphne Howland • Feb. 22, 2021 -
Tuesday Morning, Casper, Vince on S&P's latest 'most vulnerable retailers' list
The list includes both traditional brick-and-mortar retailers and digital specialists, which face different sets of financial challenges.
By Ben Unglesbee • Feb. 22, 2021 -
Tanger Outlets says foot traffic is back to normal
The mall REIT is benefiting from its outdoor orientation and the value proposition of its retail tenants.
By Daphne Howland • Feb. 19, 2021 -
Permission granted by ThirdLove
ThirdLove expands into loungewear
This launch marks the first real expansion for the DTC brand, which up to this point, has been focused squarely on bras and underwear.
By Cara Salpini • Feb. 19, 2021
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