Financial News: Page 99
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Courtesy of Lululemon
After landing $1B in revenue, Lululemon preps for footwear launch
The pandemic has proved no obstacle to the retailer's growth plans, as revenue grew 22% and digital comps rose an astonishing 94%.
By Cara Salpini • Dec. 11, 2020 -
Costco reports strong comps, net sales as foot traffic recovers
The retailer saw e-commerce sales rise 86.2% during the quarter.
By Sam Silverstein • Dec. 11, 2020 -
Daphne Howland/Retail Dive
'Trouble brewing' for malls, including Brookfield and Simon: S&P Global
The pandemic has worsened the situation for mall owners and given retail tenants leverage, and so-called "A" centers haven't been spared.
By Daphne Howland • Dec. 11, 2020 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart looks to play role in COVID-19 vaccine rollout
The retailer is forging agreements with states to administer the vaccine once available and is making sure its pharmacies are equipped to handle doses.
By Ben Unglesbee • Dec. 11, 2020 -
Designer Brands mulls the closure of as many as 80 stores
The footwear retailer struggled to get its inventory right in the third quarter, as the pandemic resurgence once again drove down store traffic.
By Daphne Howland • Dec. 10, 2020 -
J. Jill sales down nearly 30% as it climbs out of 2020's deep hole
Back from the brink of bankruptcy, the apparel seller is still struggling. But the performance marks an improvement over its abysmal second quarter.
By Ben Unglesbee • Dec. 10, 2020 -
Permission granted by Chewy
Chewy reports record sales over Black Friday, Cyber Week
Operating largely online in a growth category has proven beneficial for the pet retailer as consumers remain wary of shopping in stores due to the pandemic.
By Caroline Jansen • Dec. 9, 2020 -
Cara Salpini/Retail Dive
GameStop posts 30% sales drop but sees growth ahead
The pandemic, limited availability of new consoles and a reduced store count hurt the gaming retailer's third quarter sales, but November brought a spike.
By Ben Unglesbee • Dec. 9, 2020 -
P&G, Billie call off their deal after federal antitrust complaint
The Federal Trade Commission last month said it would block the consumer product giant’s acquisition of the women's shaving startup.
By Daphne Howland • Updated Jan. 6, 2021 -
Adeline Kon/Retail Dive
Dive Awards
The Retail Dive Awards for 2020
In a period unlike any other, these are the companies and individuals that shaped the industry this year.
By Retail Dive Team • Dec. 9, 2020 -
Dive Awards
Company of the Year: Target
The retailer has seen its sales balloon this year amid the pandemic thanks to investments it made years ago in anticipation of consumer shifts.
By Retail Dive Team • Dec. 9, 2020 -
Courtesy of Grace Miller
Dive Awards
Person of the Year: Aurora James
As retailers fretted about how to take action on systemic racism while people took to the streets for Black Lives Matter, a designer clarified things for them.
By Retail Dive Team • Dec. 9, 2020 -
Dive Awards
Resilient Retailer of the Year: Costco
The company felt the impact of COVID-19, but a loyal customer base and supply chain improvements meant it was down but not out.
By Retail Dive Team • Dec. 9, 2020 -
J.C. Penney operations are out of Ch. 11 with Simon-Brookfield deal closed
With bankruptcy behind it, the department store chain can once again focus wholly on its business as it tries to turn around in a tough environment.
By Ben Unglesbee • Dec. 8, 2020 -
Stitch Fix shares soar as revenue beats expecations
Some analysts pointed to key weaknesses, however, including weak month-to-month growth in active clients and a decline in revenue per client.
By Daphne Howland • Dec. 8, 2020 -
Daphne Howland/Retail Dive
Bankrupt Francesca's to be acquired after court approval of winning bid
The fashion retailer's new owners have committed to keeping at least 275 stores open.
By Daphne Howland , Ben Unglesbee • Updated Jan. 22, 2021 -
Igor Alecsander via Getty Images
Moody's sees 2021 apparel comeback, but risks remain high
Post-pandemic, consumers will likely continue to gravitate toward casual styles. But economic uncertainty will also drag on, the firm said.
By Daphne Howland • Dec. 7, 2020 -
Petco raises $939M from IPO
The pet retailer previously indicated it aims to use the proceeds from the stock offering to pay down debt.
By Caroline Jansen , Ben Unglesbee • Updated Jan. 20, 2021 -
Francesca's files for bankruptcy, pursues a sale
The apparel retailer, which struggled for years as mall traffic dwindled and demand for clothing ebbed, may close more stores.
By Daphne Howland • Dec. 4, 2020 -
Daphne Howland/Retail Dive
Pandemic closures hit Ulta's loyalty member growth in Q3
Usually a strong suit, the beauty retailer's loyalty growth was down year over year in a quarter that continued to be hurt by COVID-19 trends.
By Cara Salpini • Dec. 4, 2020 -
Courtesy of Sprouts Farmers Market
The US economy lost nearly 10M jobs since February
Employers failed to add enough jobs in November to ease the fallout from the pandemic, leaving consumers cautious about holiday spending.
By Daphne Howland • Dec. 4, 2020 -
Courtesy of Walmart
Walmart pays out bonuses, extends emergency leave policy for workers
It's the retailer's fourth round of bonuses since the start of the pandemic.
By Tatiana Walk-Morris • Dec. 4, 2020 -
Courtesy of L Brands
L Brands files to spin off Victoria's Secret
The new business, Victoria's Secret & Co, will include Victoria's Secret Lingerie, Pink and Victoria's Secret Beauty.
By Daphne Howland , Kaarin Moore • Updated June 21, 2021 -
Pandemic tees up dollar stores for favorable post-crisis future
Dollar Tree, Dollar General and Five Below benefited from stockpiling into Q3, but stand to gain no matter how long the outbreak continues.
By Daphne Howland • Dec. 3, 2020 -
Express reduces corporate headcount by 10%, again
The retailer scaled back its corporate staff once more following a 10% cut in January after reporting "steep declines" in work and event apparel.
By Kaarin Moore • Dec. 3, 2020
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