Financial News: Page 98
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Courtesy of Standard
Standard Cognition hits $1B valuation with $150M investment
The autonomous checkout tech company plans to use the new funding to fuel its goal of reaching 50,000 stores in the next five years.
By Sam Silverstein • Feb. 19, 2021 -
Permission granted by Locus Robotics
Locus Robotics raises $150M
With more online shopping and social distancing requirements in warehouses, retailers are looking to robotics to meet greater demand.
By Tatiana Walk-Morris • Feb. 18, 2021 -
Courtesy of Walmart
Walmart posts 'record' Q4 thanks to online and holiday demand
The retailer said it expects sales growth to slow in the coming months as it attempts to maintain pandemic growth.
By Maria Monteros • Feb. 18, 2021 -
Why mall landlord Westfield is leaving the US
The company says it's grappling not only with the pandemic's temporary challenges, but also retail bankruptcies and department store closures.
By Daphne Howland • Feb. 18, 2021 -
Courtesy of Amazon
Court dismisses New York's lawsuit against Amazon over COVID-19 protections
State Attorney General Letitia James's action against Amazon was deemed as preempted by federal law, with proceedings pending at the National Labor Relations Board.
By Ben Unglesbee • Updated May 11, 2022 -
Century 21’s founding family plots a comeback this year
After buying the off-pricer's intellectual property out of bankruptcy, the Gindi family will bring the retailer back to New York after first opening a store abroad.
By Daphne Howland • Updated Feb. 18, 2021 -
Permission granted by Win Brands Group
DTC holding company eyes expansion with Gravity acquisition
Win Brands Group, which buys and scales DTC brands, also closed a $50 million funding round aimed solely at adding to its portfolio.
By Cara Salpini • Feb. 18, 2021 -
Courtesy of Old Spice
P&G's Old Spice to open first barbershop
The brick-and-mortar location is a way to directly engage consumers and marks a return to experiential stunts paused by the pandemic.
By Robert Williams • Feb. 18, 2021 -
Joann files for $100M IPO
The retailer has an opportunity to cash in as the IPO market takes flight and the pandemic has given its sales a lift.
By Ben Unglesbee • Feb. 17, 2021 -
Courtesy of Target
Target names new marketing chief amid leadership shuffle
The retailer announced a number of changes to its executive team, including the promotion of Cara Sylvester to the chief marketing and digital officer role.
By Maria Monteros • Feb. 17, 2021 -
Banana Republic names new chief brand officer
Ana Andjelic has 15 years of experience leading luxury lifestyle brands and joins the retailer at a time when the public is rethinking workwear.
By Kaarin Moore • Feb. 17, 2021 -
BarkBox parent revenues grow 78% in Q3
Ahead of its public debut through a SPAC deal, the online pet retailer released preliminary financial results, which also reveal unprofitability.
By Caroline Jansen • Feb. 16, 2021 -
Adidas officially aims to divest Reebok
The sportswear giant is moving to unload the brand after working for years to turn it around.
By Ben Unglesbee • Feb. 16, 2021 -
Courtesy of Victoria's Secret
Victoria's Secret to have swimwear in stores, again
The lingerie company in recent years had returned to selling swimwear online, after exiting the complex category in 2016.
By Daphne Howland • Feb. 16, 2021 -
Kendall Davis/Retail Dive
The running list of 2021 retail bankruptcies
After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy.
By Nami Sumida • Updated June 11, 2021 -
GNC names new CEO and CFO
Following its acquisition in bankruptcy last year, the retailer has promoted two executives to top positions as it looks to grow and adapt to a new environment.
By Ben Unglesbee • Feb. 12, 2021 -
Amazon, Salvatore Ferragamo sue alleged counterfeiters
The e-commerce giant has recently teamed up with other brands in court to tackle knockoff sellers.
By Tatiana Walk-Morris • Feb. 12, 2021 -
Opinion
Pre-pandemic profitability could be 5 years out
Radical strategies are needed around consumer engagement to get back to pre-pandemic profitability, write Kearney's Michael Brown, Suketu Gandhi, Cara Cole and Natalie Shield.
By Michael Brown, Suketu Gandhi, Cara Cole and Natalie Shield • Feb. 12, 2021 -
WSJ: Best Buy cuts jobs, hours for some store workers as it pivots to digital
The electronics retailer has been making changes to its operating model in stores as its channel mix adjusts to more online purchases.
By Ben Unglesbee • Feb. 11, 2021 -
Courtesy of Poshmark
Poshmark enters into the pet category
The secondhand marketplace is getting into the popular pet segment just a few weeks after its IPO.
By Kaarin Moore • Feb. 11, 2021 -
Courtesy of Bed Bath & Beyond
S&P posts stable outlook on Bed Bath & Beyond
The revision reflects expectations that the retailer will continue to execute on its turnaround plan and drive stable operating performance in the year ahead.
By Caroline Jansen • Feb. 11, 2021 -
Former Urban Outfitters exec Trish Donnelly heads to PVH
Later this month she will take a newly created role overseeing the Tommy Hilfiger, Calvin Klein and Heritage Brands businesses.
By Daphne Howland • Feb. 11, 2021 -
Daphne Howland/Retail Dive
Under Armour plans a return to profitable growth in 2021
The exit of up to 3,000 wholesale doors will begin in the back half of the year, as the brand looks to shift to a more DTC-focused model.
By Cara Salpini • Feb. 10, 2021 -
Courtesy of Savage x Fenty
LVMH Fenty fashion house on hold
The two-year-old effort was the second in-house launch at the company, which will continue to partner with Rihanna on her lingerie and beauty lines.
By Daphne Howland • Feb. 10, 2021 -
Dick’s Sporting Goods expands clearance store concept
The retailer announced it will open four Warehouse stores and one traditional store at a time when much of the industry is challenged.
By Kaarin Moore • Feb. 10, 2021
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