Financial News: Page 29
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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 -
Spencer Platt via Getty Images
Amer Sports eyes $8.7B valuation in IPO
The retailer, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.
By Nate Delesline III • Jan. 23, 2024 -
Kaarin Vembar/Retail Dive
Macy’s rejects $5.8B take-private offer
The move nevertheless puts the retailer's shareholders in a quandary and a spotlight on incoming CEO Tony Spring, analysts say.
By Daphne Howland • Jan. 22, 2024 -
Justin Sullivan via Getty Images
Walmart ups store manager pay to an average $128K, revamps bonus structure
“The number one driver of job satisfaction is an associate’s manager,” a Walmart executive noted in his announcement.
By Emilie Shumway • Jan. 22, 2024 -
Arturo Holmes via Getty Images
The Honey Pot to be acquired
Through an acquisition with Compass Diversified, the feminine care brand plans to expand into other product categories.
By Howard Ruben • Jan. 19, 2024 -
Courtesy of The National Retail Federation
‘It’s going to be a very tough year’: Casper CEO on the home goods market in 2024
The executive, along with Brooklinen CEO Billy May, discussed challenges in the sector and how to usher DTC brands into the next era of growth.
By Caroline Jansen • Jan. 17, 2024 -
Stefano Guidi/Getty Images via Getty Images
ColumnThe Weekly Closeout: Layoffs at Amazon and LeBron James partners with Fanatics
The e-commerce giant cut jobs in Prime Video and MGM Studios, while the NBA superstar joined Fanatics Collectibles.
By Retail Dive Staff • Jan. 12, 2024
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