Financial News: Page 99
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Party City eyes $725M bond sale to buy it time
The retailer is raising new debt to pay off the old as the COVID-19 pandemic continues to weigh on sales of party favors.
By Ben Unglesbee • Feb. 10, 2021 -
The inconvenient truth about drugstores
By filling up stores with junk food, tobacco and other high-margin goods, these retailers may be risking loyalty and market share in other key categories.
By Daphne Howland • Feb. 10, 2021 -
Courtesy of Simon Property Group
Simon Property Group expects suburban boom to fuel growth
CEO David Simon on Monday said the pandemic has spurred flight away from cities, but neither the intensity nor the longevity of that is clear.
By Daphne Howland • Feb. 9, 2021 -
IPOs hit a 2-decade high in 2020
While the retail industry accounted for a small portion of that total, it still saw activity increase 100% year over year.
By Caroline Jansen • Feb. 9, 2021 -
LuLaRoe to pay $4.8M to settle pyramid scheme lawsuit
The Attorney General of Washington State asserted that the apparel company made "deceptive misrepresentations regarding profitability."
By Kaarin Moore • Feb. 9, 2021 -
Photo by Michael Weidemann via Unsplash
5 creative ways malls are repurposing their space
With lots of square footage and tons of parking, shopping centers are rethinking ways to give their centralized locations new life.
By Kaarin Moore • Feb. 9, 2021 -
Cara Salpini/Retail Dive
Ralph Lauren to shrink office and store footprint as sales remain sluggish
As the luxury brand struggles to gain a foothold in the COVID-19 era, it is cutting costs and working to win over younger shoppers.
By Ben Unglesbee • Feb. 8, 2021 -
Courtesy of Target
Target's activewear brand generates $1B in first year
The All in Motion line is the retailer's 10th private label to hit billion-dollar status.
By Maria Monteros • Feb. 8, 2021 -
Kohl's turns to Eddie Bauer as outdoor sales surge
The off-mall department store last year announced a plan to grow its activewear sales from 20% of its business to at least 30%.
By Daphne Howland • Feb. 8, 2021 -
Courtesy of Sam's Club
Sam's Club teams up with Synchrony, Mastercard for rewards program
The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.
By Tatiana Walk-Morris • Feb. 8, 2021 -
Dollar General joins 'Beyond the Bag' initiative to reduce plastic waste
The retailer said it will test recommendations across its store count of more than 17,000 in 46 states.
By Rosie Bradbury • Feb. 8, 2021 -
Danielle Ternes/Retail Dive
What awaits retail on the other side of the pandemic
Everyone wants to get back to normal. Except maybe retailers.
By Daphne Howland • Feb. 8, 2021 -
Nordstrom leans on off-price, digital to chase customers and profits
The department store is phasing out HauteLook and making sweeping changes to how it works with suppliers.
By Daphne Howland • Feb. 5, 2021 -
Cara Salpini/Retail Dive
Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena
Simon Property Group claimed the recently created retail entity, which includes Ann Taylor and Lane Bryant, is a riskier venture than originally projected.
By Ben Unglesbee • Feb. 5, 2021 -
Courtesy of photographer Devin Allen, Under Armour, UNDR ARMR x DVNLLN
Retailers tout initiatives for Black History Month
But many Black-owned brands are getting swept up in a public relations rush that could undermine their long-term success.
By Daphne Howland • Feb. 5, 2021 -
Cara Salpini/Retail Dive
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 Daphne Howland • 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 Kaarin Moore , Daphne Howland • Updated March 22, 2021 -
Courtesy of Walmart
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 -
Daphne Howland/Retail Dive
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 Ben Unglesbee • Feb. 4, 2021 -
Deep DiveWhat 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 Ben Unglesbee • Feb. 4, 2021 -
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 Cara Salpini • Feb. 3, 2021 -
Daphne Howland/Retail Dive
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 Cara Salpini • 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 Ben Unglesbee • Feb. 3, 2021 -
Courtesy of Casper
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 Caroline Jansen • Feb. 3, 2021 -
Courtesy of Native
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
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