Financial News: Page 98


  • ThredUp warehouse, packaging.
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    Courtesy of ThredUp
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    ThredUp snaps up European apparel resale company Remix for over $28M

    The Bulgarian company's revenue and powerful software will help the U.S. resale site expand overseas.

    By July 26, 2021
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    Joe Raedle via Getty Images
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    Column

    The Weekly Closeout: Bezos thanks Amazon customers for space flight and the latest news from Dick’s

    Amazon founder Jeff Bezos came under fire for telling customers and employees they paid for his suborbital jaunt, and Dick's debuted two new marketing campaigns.

    By Retail Dive Staff • July 23, 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
  • Crocs storefront
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    "Crocs" by whologwhy is licensed under CC BY 2.0
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    Crocs revenue nearly doubles in Q2 as DTC and wholesale take off

    The pandemic-era's emphasis on comfort has been a huge boon to the clog brand, which is widening its direct-to-consumer reach and collaborations. 

    By July 22, 2021
  • Bluemercury storefront.
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    Kaarin Vembar / Retail Dive/Retail Dive
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    Bluemercury names Maly Bernstein new CEO

    Bernstein takes over from co-founder Marla Beck, who started the company in 1999 and has grown it to 180 locations under Macy's.

    By July 22, 2021
  • Picture of Victoria's Secret store sign
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    Daphne Howland/Retail Dive
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    Victoria's Secret's split from L Brands

    ‘We got it wrong’: Victoria’s Secret’s tricky new path

    The company is testing three store remodels and a new off-mall store concept, and plotting the return of its fashion show.

    By July 20, 2021
  • LVMH becomes the majority investor in Off White.
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    Courtesy of LVMH
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    LVMH to acquire majority stake in Off-White

    Virgil Abloh will retain his roles with both Off-White and Louis Vuitton and will launch new brands with the conglomerate. 

    By July 20, 2021
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    Rent the Runway confidentially files for IPO

    After its reported pandemic struggles, the online fashion specialist is cashing in on a hot stock market. 

    By July 20, 2021
  • Burlington poaches Ross exec to fill COO role

    Travis Marquette is set to become the third C-suite executive from the off-pricer's rival as it eyes post-pandemic growth. 

    By July 16, 2021
  • J.C. Penney's private label brand Thereabouts
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    Courtesy of J.C. Penney
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    Column

    The Weekly Closeout: J.C. Penney’s inclusive kids apparel brand and the second(ish) item in Yeezy Gap

    The department store launched a label in time for the back-to-school shopping season, and the rapper seems to be aiming for a repeat of its first product drop.

    By Retail Dive Staff • July 16, 2021
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    Daphne Howland/Retail Dive
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    S&P: Badly located malls remain vulnerable

    Shopping centers in sparsely populated areas are likely to continue to lose tenants and sales, according to an S&P Global Market Intelligence report.

    By July 15, 2021
  • Popshop Live
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    Permission granted by Popshop Live
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    Popshop Live valued at $100M

    With celebrity backers, the platform aims to grow its platform as other livestream shopping apps raise venture capital.

    By Tatiana Walk-Morris • July 15, 2021
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    Marcin Kempa via Unsplash
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    Child tax credits an 'underappreciated' stimulus that could boost retail: Cowen

    With monthly checks set to go to 39 million households, food, apparel, footwear and e-commerce sellers could benefit as back-to-school season picks up. 

    By July 14, 2021
  • Shopic frictionless-shopping device on grocery cart
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    Permission granted by Shopic
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    Shopic raises $10M for its clip-on smart cart tech

    The Israeli artificial intelligence company is looking to set itself apart with a frictionless shopping system that can be attached to standard grocery carts.

    By Sam Silverstein • July 14, 2021
  • Qurate President and CEO Mike George
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    Cara Salpini/Retail Dive
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    QVC-owner Qurate hires new CEO

    Set to retire this year, Mike George led the company through a tumultuous but successful journey during the pandemic. 

    By July 13, 2021
  • The Klarna logo in front of pink balloons
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    Astrid Stawiarz via Getty Images
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    Klarna acquires social shopping startup Hero

    As part of the deal, Klarna's 250,000 retail partners will have access to the platform, allowing in-store staffers to become content creators.

    By Tatiana Walk-Morris • July 13, 2021
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    "TOPSHOP / TOPMAN" by Sento is licensed under CC BY-SA 2.0
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    In quest for Gen Z attention, Nordstrom takes minority stake in Topshop

    The department store's partnership with new brand owner Asos promises to boost U.S. sales for a set of retailers previously owned by U.K.'s Arcadia.

    By July 12, 2021
  • Interior store shot of Bath & Body Works with counters full of products.
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    Courtesy of L Brands
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    Victoria's Secret's split from L Brands

    'L Brands' name to disappear as board approves company split

    Bath & Body Works and Victoria's Secret are set to become separate, eponymous companies, marking the end of the L Brands conglomerate. 

    By July 12, 2021
  • Column

    The Weekly Closeout: Pacsun gets into resale, and is Instagram really not for photos anymore?

    The growing market for secondhand has another eager participant, and the social media platform is betting big on shopping.

    By Retail Dive Staff • July 9, 2021
  • Gap Yeezy puffer jacket
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    Courtesy of Gap Inc.
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    Is Yeezy Gap a billion-dollar brand?

    The retailer that once defined American casual fashion is trying to regain attention by collaborating with one of the world's most idiosyncratic artists. 

    By July 8, 2021
  • Authentic Brands files IPO as it chases more growth

    The owner of the Forever 21 and Barneys names is eyeing a global branding empire and market opportunity worth up to $650 billion. 

    By July 7, 2021
  • Glossier pop-up in Seaport, Boston
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    Cara Salpini/Retail Dive
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    Glossier lands $80M in funding as it looks toward international expansion

    The DTC beauty brand has plans for dozens of stores and is looking to enter new markets with an "e-commerce-first approach."

    By July 7, 2021
  • Neiman Marcus says there's no plan to sell Bergdorf Goodman

    The department store, which has owned the storied Manhattan retailer for 50 years, pushed back against details in a New York Post report last week.

    By July 6, 2021
  • Maude
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    Courtesy of Maude
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    Intimacy brand Maude raises $5.8M to grow team, product lineup

    The sexual wellness brand is one of the most VC-backed companies in its category, with $10 million raised over four funding rounds.

    By Maria Monteros • July 6, 2021
  • Apparel maker Global Brands shares stop trading

    The company, which makes products for Ellen Tracy, b new york and others, has been selling assets and negotiating with lenders as it tries to stabilize.

    By July 2, 2021
  • Journeys store front
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    "Journeys" by Bentley Mall is licensed under CC BY 1.0 / Edited by https://commons.wikimedia.org/w/index.php?title=User:BentleyMall&action=edit&redlink=1/Retail Dive
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    Genesco prevails in board fight with activist investor

    Shareholders "overwhelmingly" re-elected the footwear seller's directors after an activist pushed to shake up its board and strategy.

    By Updated July 20, 2021