Financial News: Page 25
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Juan Naharro Gimenez/Getty Images via Getty Images
VF Corp launches strategic review of brand assets, CFO steps down
The company’s largest brands saw double-digit revenue declines in Q3, while overall company revenue dipped 16% for the period.
By Laurel Deppen • Feb. 7, 2024 -
Getty Images via Getty Images
Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic
The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.
By Daphne Howland • Feb. 7, 2024 -
Courtesy of Marley Spoon
Marley Spoon to sell US fulfillment, production facilities in $24M deal
FreshRealm will acquire the assets and fulfill customer orders, while the meal kit company will handle front-end operations.
By Max Garland • Feb. 7, 2024 -
Permission granted by Meati Foods
Meati Foods names Patagonia, Bass Pro veteran as CFO
The appointment of Phil Graves comes as the plant-based sector contends with a slowdown in sales and cash-strapped consumers watch their spending.
By Christopher Doering • Feb. 7, 2024 -
Natura & Co. explores separation from Avon
If approved, the move would create two separately managed, publicly traded beauty companies.
By Nate Delesline III • Feb. 6, 2024 -
Courtesy of Solo Brands
Solo Brands appoints Vitamin Shoppe exec as new CFO
The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.
By Grace Noto • Feb. 6, 2024 -
Estée Lauder to cut up to 5% of positions in restructuring plan
The layoffs come after sales fell 7% in the second quarter and as the beauty company refocuses around driving sustainable profitability.
By Nate Delesline III • Feb. 6, 2024 -
Justin Sullivan via Getty Images
Amazon looks to improve inbound fulfillment processes in 2024
The company wants products entering its facilities to move as efficiently as items being delivered to customers.
By Max Garland • Feb. 5, 2024 -
Frank Polich/Getty via Getty Images
ColumnThe Weekly Closeout: UPS to cut 12K jobs and Nordstrom Rack continues to expand footprint
The delivery giant aims to save $1 billion, while the department store is accelerating openings of its lower-priced brand.
By Retail Dive Staff • Feb. 2, 2024 -
Permission granted by Amer Sports
Arc’teryx CEO talks Amer Sports IPO and what growth looks like
The sporting goods company raised about $1.37 billion from the IPO, which was priced a few dollars lower than expected.
By Cara Salpini • Feb. 2, 2024 -
Permission granted by Amazon
Move over, Alexa: Amazon launches AI shopping tool ‘Rufus’
The e-commerce giant beat expectations in the holiday quarter as revenue from advertising and fees grows.
By Daphne Howland • Feb. 2, 2024 -
Courtesy of Walgreens
Walgreens lays off another 145 employees
The drugstore retailer said it still has “significant cost savings and growth goals to deliver” as it confirmed further downsizing of its workforce.
By Daphne Howland • Feb. 2, 2024 -
Courtesy of Peloton
Peloton to end co-branded college bike experiment
Less than six months after announcing a program with the University of Michigan, the brand will no longer release bikes in other school colors.
By Caroline Jansen • Feb. 1, 2024 -
Jonathan Leibson via Getty Images
Adidas plans to sell the rest of its Yeezy inventory ‘at least at cost’ this year
The company, which originally toyed with the idea of writing off all leftover merchandise from the failed partnership, has instead sold it off piece by piece.
By Cara Salpini • Feb. 1, 2024 -
Crocs brand chief to retire, CFO steps up
Anne Mehlman, who had returned to Crocs five years ago, takes over from Michelle Poole, who will stay on as an adviser until early 2025.
By Daphne Howland • Feb. 1, 2024 -
Kaarin Vembar/Retail Dive
DTC’s outlook for 2024
As the new year kicks off, the space has already seen many C-suite changes, acquisitions and sales.
By Caroline Jansen • Jan. 31, 2024 -
Permission granted by Walmart
Walmart announces 3-for-1 stock split
The retailer said the move, the 12th in its history, will keep share purchase prices within reach for associates.
By Nate Delesline III • Jan. 31, 2024 -
Daphne Howland/Retail Dive
H&M Group CEO is out
Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.
By Daphne Howland • Jan. 31, 2024 -
Courtesy of Thinx
Thinx to lay off 95 employees
The job cuts, impacting workers in New York, take effect on May 1.
By Caroline Jansen • Jan. 31, 2024 -
Kirkland’s secures $12M in additional debt financing
The retailer, which earlier this month named a new CEO, said the additional financing will support its repositioning efforts.
By Nate Delesline III • Jan. 29, 2024 -
Ian Gavan via Getty Images
Superdry CFO to step down as the company warns of rough market conditions
The departure marks the fourth finance chief to leave the troubled retailer in five years.
By Grace Noto • Jan. 29, 2024 -
Daphne Howland/Retail Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
By Daphne Howland • Jan. 26, 2024 -
Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
Despite stock slide, Birkenstock is positioned for growth: analysts
Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.
By Laurel Deppen • Jan. 26, 2024 -
Permission granted by Petco
ColumnThe Weekly Closeout: Petco deepens healthcare ties as Sephora’s leadership shakeup continues
The pet retailer partnered with Nationwide on customizable pet insurance, while the beauty retailer’s top ranks saw more movement.
By Retail Dive Staff • Jan. 26, 2024 -
Courtesy of Impossible Foods
Impossible Foods makes executive changes for a ‘decisive year,’ CEO says
The plant-based pioneer appointed Colgate-Palmolive veteran Elaine Paik as its new CFO, while Emma Hutchens takes over as chief people officer.
By Elizabeth Flood • Jan. 24, 2024
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