Financial News: Page 52

  • A bright red facade features a cut-out of the word "Express" at a mall store entrance.
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    Daphne Howland/Retail Dive
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    Toys R Us owner takes stake in Express for $260M

    Brand management firm WHP Global and the struggling apparel retailer will form a joint venture to scale and license the brand and expand it internationally.

    By Nate Delesline III • Dec. 8, 2022
  • A GameStop storefront at a mall
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    Cara Salpini/Retail Dive
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    GameStop CEO says it won’t risk ‘meaningful stakeholder capital’ in crypto

    Despite launching an NFT marketplace and a digital asset wallet, the company 'proactively minimized' its own exposure in the space.

    By Dani James • Dec. 8, 2022
  • Three cell phones are next to each other, each with a different view of a website that runs a resale operation.
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    Courtesy of Archive
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    Resale tech company Archive raises $15M in Series A round

    The round comes as the resale market is expected to surpass $80 billion in the coming years.

    By Tatiana Walk-Morris • Dec. 7, 2022
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
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    Courtesy of Stitch Fix
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    Stitch Fix shifts to profit focus as sales, client base shrink

    The apparel e-retailer’s customers, under financial pressure, are slowing their box orders and buying less from its Freestyle direct-buy site.

    By • Dec. 7, 2022
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
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    Daphne Howland/Retail Dive
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    A look at Bed Bath & Beyond’s tumultuous year

    The distressed home retailer experienced a C-suite shakeout, strategy pivot and a board refresh as it continues to work on turning the business around.

    By • Dec. 7, 2022
  • A chair from Parachute's living room line
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    Courtesy of Parachute
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    How DTC retailers performed during Black Friday and Cyber Monday

    Following a rough year within the sector, brands like Wayfair and Parachute reported positive results from the shopping weekend.

    By Dani James • Dec. 6, 2022
  • Lit-up store windows show mannequins wearing apparel, including dresses on the left and jeans and a jacket on the right. The banner name "J.Jill" is above and to each side of the door.
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    Courtesy of J. Jill
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    J. Jill avoids heavy promotions in Q3

    The women’s apparel retailer, near bankruptcy a couple of years ago, is basing its turnaround on careful merchandising to its target customers.

    By • Dec. 6, 2022
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    Digital Brands closes on $10M stock offer to fund acquisitions

    The DTC conglomerate may at last be close to finalizing its deal to buy women’s apparel brand Sundry, first announced in January.

    By • Dec. 2, 2022
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta ‘uniquely positioned’ to weather inflation

    CEO Dave Kimbell said the retailer has seen no evidence of trading down and is benefiting from its wide array of price points.

    By • Dec. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Party City back in creditor talks amid cash crunch: Bloomberg

    The retailer is once again struggling as consumers pull back amid heavy inflation and its liquidity dwindles.

    By • Dec. 2, 2022
  • A headshot of Jeff Bezos.
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    Courtesy of Amazon
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    Column

    The Weekly Closeout: Supreme ties up with True Religion and could Bezos come back?

    The 22-piece collection features a denim trucker jacket, among other items. Meanwhile, one observer questions if Jeff Bezos could reprise his CEO role.

    By Retail Dive Staff • Dec. 2, 2022
  • Crime scene tape wrapped around a tree in front of a Walmart store.
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    Nathan Howard via Getty Images
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    ‘A mean and cruel supervisor’: Walmart sued for $50M over alleged negligence with gunman

    The lawsuit claims the retailer did not protect customers and workers from the supervisor, who is accused of killing six people at a store in Virginia, despite knowing about his repeated disturbing behavior.

    By Catherine Douglas Moran • Dec. 2, 2022
  • A display window below a blank banner that reads "Victoria's Secret" and contains three photos: A closeup portrait of a person's face, a perfume bottle, and a zoomed out portrait of the person.
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    Daphne Howland/Retail Dive
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    Victoria’s Secret is leaning on discounts to get through the holiday

    CEO Martin Waters said consumer caution will make it “a tough December across retail,” but some of the lingerie giant’s challenges are its own.

    By • Dec. 1, 2022
  • A store sign reads "Everlane" on a red brick building trimmed in concrete and covered by leafy shadows.
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    Daphne Howland/Retail Dive
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    Everlane scores $25M term loan from Gordon Brothers

    The direct-to-consumer brand will use the money to support its growth, all while keeping its focus on sustainability and transparency.

    By Dani James • Dec. 1, 2022
  • A delivery person holds an Amazon box.
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    Courtesy of Amazon
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    Amazon touts record Black Friday weekend sales

    However, the retailer declined to share exact figures from the shopping event.

    By Tatiana Walk-Morris • Dec. 1, 2022
  • Exterior shot of a Dollar General store.
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    Courtesy of Dollar General
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    Dollar General’s sales up 11%, but costs are still tempering profits

    Earnings at the discounter missed estimates, and the company lowered its guidance for the year as supply chain costs and sales mix weigh on margins. 

    By • Dec. 1, 2022
  • A beige stone and brick storefront reads "TJ Maxx" in bright red letters, against a bright blue sky.
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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    TJ Maxx, Marshalls owner is dominating off price

    TJX's dedication to offering name-brand goods is helping it outpace rivals Ross and Burlington, and take more share from department stores.

    By • Dec. 1, 2022
  • A person wearing a camo jacket walks by a gray granite storefront that says "kids" in a blue square and "foot locker" in red letters.
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    Daphne Howland/Retail Dive
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    Foot Locker retools C-suite under Mary Dillon

    The retailer brought on another Ulta veteran in Elliott Rodgers, who is set to become its new COO, while the company’s CFO is headed out. 

    By • Nov. 30, 2022
  • A Petco storefront. There is a white van parked outside and a person walking in the store.
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    Permission granted by Petco
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    Petco pushes sales up 4% in Q3

    The retailer reported its 16th consecutive quarter of comparable sales growth, but its net income took a hit during the period.

    By • Nov. 30, 2022
  • A street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
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    Daphne Howland/Retail Dive
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    H&M slashes 1,500 jobs in cost-cutting effort

    The fast-fashion retailer's profits have been hit by rising prices and a strong dollar, and expense reductions could save some $190 million each year.

    By • Nov. 30, 2022
  • Brown paper wrapped gifts with string ties.
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    Vadym Petrochenko via Getty Images
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    Nike, Lululemon are early holiday winners: report

    Prior to Black Friday, both athletics retailers were seeing double-digit spend growth.

    By Tatiana Walk-Morris • Nov. 30, 2022
  • Neil Cole and Derek Hough talking at a store opening event.
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    John Shearer/WireImage via Getty Images
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    Former Iconix Brand CEO convicted of fraud

    A federal prosecutor said founder Neil Cole “cooked the books” at the branding specialist during his tenure. His attorneys suggested they will appeal.  

    By • Nov. 29, 2022
  • A handful of people using the escalator at an indoor mall
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    Kena Betancur / Stringer via Getty Images
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    Winners and losers of Black Friday 2022

    With inflation looming, consumers waited until the shopping event to get deals on categories like electronics and sought out financing options such as buy now, pay later.

    By Dani James • Nov. 26, 2022
  • A street lamp tilts right as the white storefront of a "Nordstrom Rack" location tilts left, as sun streams in a light blue sky. Vertical bars decorate the building above and below the word "Rack."
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    Daphne Howland/Retail Dive
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    Nordstrom keeps focus on Rack as Q3 beats expectations

    The department store is opening more off-price locations and improving their inventory, but that invites cannibalization of its full-price stores.

    By • Nov. 23, 2022
  • A Dick's Sporting Goods store display
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    Courtesy of Dick's Sporting Goods
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    Dick’s Sporting Goods sales up 50% from 2019

    With comps continuing their steady rise, the retailer “remains a very bright spot in a darkening retail sky.”

    By • Nov. 23, 2022