Financial News: Page 98


  • A Victoria's Secret storefront
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    Cara Salpini/Retail Dive
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    Longtime L Brands CFO to retire, but not before Victoria's Secret spins off

    Stuart Burgdoerfer will oversee the separation of the lingerie business from Bath & Body Works before he leaves in August, the company said.

    By Feb. 4, 2021
  • Hudson's Bay online marketplace will feature more than 500 third-party sellers

    The retailer initially put a call out for Canadian vendors to become part of the digital initiative as it prepped to enter the space in February.

    By , Updated March 22, 2021
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    Courtesy of Walmart
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    Walmart acquires Thunder ad tech as it preps self-serve display portal

    The platform could make advertising on Walmart properties more accessible to small brands, an important step in the retailer's race to catch up with Amazon.

    By Peter Adams • Feb. 4, 2021
  • A Sears store going out of business in 2020
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    Daphne Howland/Retail Dive
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    Sears is closing 13 more stores, further shrinking its footprint

    The once-storied retailer is running low on stores to close, yet its extended liquidation never seems to end.

    By Feb. 4, 2021
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    "Google Bike" by R Boed is licensed under CC BY 2.0
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    Deep Dive

    What does a government reckoning with Google and Facebook mean for retail?

    For many, the tech giants are key to customer acquisition online, and they dominate the market for digital advertising, making them all but unavoidable for retailers. 

    By Feb. 4, 2021
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    Cara Salpini for Retail Dive
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    Everlane taps Nike exec for first chief marketer

    As it grows beyond its startup days, the DTC basics brand also named its first general manager of e-commerce, arriving from Rothy's.

    By Feb. 3, 2021
  • Orange and white exterior of an Ulta Beauty store.
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    Daphne Howland/Retail Dive
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    Ulta to double Black-owned brands by year's end

    In a set of wide-ranging commitments that span several departments, the beauty retailer plans over $25 million in investments to further diversity efforts.

    By Feb. 3, 2021
  • Amazon posts a 'monster' Q4 with pandemic still driving demand

    Sales in North America were up 40% as pandemic-wary shoppers tapped the e-commerce giant and its growing shipping empire. 

    By Feb. 3, 2021
  • Casper
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    Courtesy of Casper
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    Casper taps Walmart e-commerce vet as COO

    Charles Liu replaces Greg Macfarlane, who stepped down from the chief operating and CFO roles last May.

    By Feb. 3, 2021
  • Native hair care
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    Courtesy of Native
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    DTC brand Native launches hair care line

    The company, which primarily sells deodorants and soaps, is debuting its first line of hair products exclusively at Target.

    By Maria Monteros • Feb. 3, 2021
  • Rothy's M Street store in Georgetown
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    Cara Salpini/Retail Dive
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    8 DTC trends to watch in 2021

    While the broader industry outlook remains uncertain, one thing is clear: Digitally native brands will continue to adapt and evolve in the year ahead.

    By , , Maria Monteros • Feb. 3, 2021
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    Getty Images
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    Jeff Bezos to step down as Amazon CEO

    In the third quarter, the founder will be replaced by Andy Jassy, who now leads the company's profitable AWS cloud services unit.

    By Updated Feb. 2, 2021
  • A GameStop storefront in a mall
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    Cara Salpini/Retail Dive
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    GameStop's stock exploded, but traffic to its stores is still down

    Over 2020, visits to the retailer were down more than 27% at the gaming retailer, according to Placer.ai. 

    By Feb. 2, 2021
  • Hudson's Bay lays off 600 store workers in Canada

    The company, which also owns Saks Fifth Avenue and went private last year, said government-enforced lockdowns forced the workforce reduction.

    By Feb. 2, 2021
  • Kendra Scott steps down as CEO of namesake accessories company

    Tom Nolan, who has been with the company since 2014, will take on the top role as Scott remains executive chairwoman and majority owner. 

    By Feb. 2, 2021
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    Daphne Howland/Retail Dive
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    Deep Dive

    Do malls have any business getting into retail?

    REITs' expanding ownership of troubled retailers complicates an investment setup dependent on steady revenue.

    By Feb. 2, 2021
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    Tru Kids
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    Toys R Us closes its last 2 US stores just over a year after re-launch

    The stores were part of a joint venture with b8ta to re-launch the beloved retail brand and provide a marketing platform for toymakers. 

    By Feb. 1, 2021
  • QVC
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    Permission granted by QVC
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    QVC launches livestream shopping channel on YouTube TV

    The shopping network is now available on streaming services with a total of 8 million subscribers, including through Hulu + Live TV and AT&T TV.

    By Maria Monteros • Feb. 1, 2021
  • Emma Minto, Crocs executive
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    Courtesy of Crocs
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    Nike exec jumps to Crocs

    Emma Minto had various leadership roles at the athletic powerhouse for 16 years, and makes the leap as demand for comfy footwear soars.

    By Feb. 1, 2021
  • How the COVID-19 pandemic has hit retail
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    Danielle Ternes/Retail Dive
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    Where to run a store now

    The pandemic has changed some consumer habits for the long term, and that alters the retail landscape.

    By Feb. 1, 2021
  • Stores are open, but the pandemic keeps shoppers away

    Despite effective vaccines and more government relief, consumers are playing it safe as COVID-19 cases continue to rise and variants emerge.

    By Jan. 29, 2021
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    Courtesy of Crate and Barrel
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    Crate and Barrel, Parachute team up for exclusive collection

    The partnership will put the DTC bedding brand in 65 of Crate and Barrel's physical stores and on its website.

    By Jan. 29, 2021
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    Daphne Howland/Retail Dive
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    Neiman's chief digital officer out amid e-commerce revamp

    Katie Mullen is leaving, as alums from Apple and Victoria Beckham join the company's merchandising and customer experience team.

    By Jan. 28, 2021
  • Target
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    Courtesy of Target
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    Target partners with Levi’s for lifestyle collection

    The big-box retailer is launching a limited-edition line with Levi Strauss, which includes home, pet, accessories and apparel.

    By Maria Monteros • Jan. 28, 2021
  • A quotation mark on a blue background.
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Family Video, GameStop and the precarious lives of media stores

    The team breaks down what went wrong for the last video chain as well as the fates of other retailers of cultural products.

    By Jan. 28, 2021