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 Aug. 10, 2021
  • Ellen Tracy Fall 2018 campaign.
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    Courtesy of Sequential Brands Group
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    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 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 POS
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    Courtesy of CashApp - Square
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    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 Aug. 9, 2021
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    Al Bello via Getty Images
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    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
  • Target employee.
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    Courtesy of Target
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    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
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    Daphne Howland/Retail Dive
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    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 Aug. 6, 2021
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    Courtesy of Brandless
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    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 Aug. 5, 2021
  • A Container Store banner outside a store.
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    "Container Store" by colleen is licensed under CC BY-SA 2.0
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    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 Aug. 5, 2021
  • Function of Beauty personalized haircare products
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    Courtesy of Function of Beauty
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    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 Aug. 4, 2021
  • A closeup of a Macy's sign with a signature red star sits atop a store entrance overhang.
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    Daphne Howland/Retail Dive
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    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 Aug. 4, 2021
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    Justin Sullivan via Getty Images
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    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
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    David McNew via Getty Images
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    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
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Retail Dive
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    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 Aug. 3, 2021
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    Daphne Howland/Retail Dive
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    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 Aug. 3, 2021
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    Courtesy of Tricia Harte
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    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 Aug. 3, 2021
  • Wolverine World Wide acquires fitness brand Sweaty Betty.
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    Courtesy of Business Wire
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    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 Aug. 3, 2021
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    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 Aug. 2, 2021
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    Courtesy of Gopuff
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    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 transforms stores to focus on digital.
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    Courtesy of Walmart
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    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 Aug. 2, 2021
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    Teresa Kroeger via Getty Images
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    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 July 30, 2021
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    Sean Gallup via Getty Images
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    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 July 30, 2021
  • The Klarna logo in front of pink balloons
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    Astrid Stawiarz via Getty Images
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    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
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    Courtesy of Shopify website
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    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 July 29, 2021