Financial News: Page 67
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What Lululemon is prioritizing in the years ahead
From the retailer's plans for Mirror to what international markets it's planning to enter, here are some takeaways on the company's new strategy.
By Cara Salpini • April 21, 2022 -
Lululemon wants to double revenue to $12.5B by 2026, thanks to men's and digital
The retailer also revealed plans for Mirror, including a membership program launching later this year.
By Cara Salpini • April 20, 2022 -
Amazon's year could be weighed down by oil prices, stimulus end: analyst
Price hikes on Prime and fuel surcharges on sellers could offset some costs. Down the road, more employee unions are a "key risk" for the company, according to MKM Partners.
By Ben Unglesbee • April 20, 2022 -
Hasbro sees $100M shortfall from sales to Russia
The toy giant has suspended shipments to the country. Its latest results show continued supply chain disruptions, but the company is eyeing growth in 2022.
By Ben Unglesbee • April 19, 2022 -
Has Gap Inc. hit bottom?
The apparel conglomerate's shares are getting lifted by various analyst reports these days, but the reasons are fairly glum.
By Daphne Howland • April 19, 2022 -
PVH says the scale of its star brands puts aggressive goals within reach
The owner of Calvin Klein and Tommy Hilfiger is recalibrating in a tough environment, with direct-to-consumer and wholesale both in focus.
By Daphne Howland • April 19, 2022 -
After closing physical stores, Amazon doubles down on one-day delivery
In his first letter to shareholders, CEO Andy Jassy said Prime members "will love this." But the e-commerce giant may need it.
By Daphne Howland • April 18, 2022 -
Deep Dive
Guess' Paul Marciano problem is shining a spotlight on boards
The brand's co-founder remains, while its board of directors is slammed by an activist investor and sued by victims over his alleged sexual crimes.
By Daphne Howland • April 14, 2022 -
Out-of-stocks led to $175M in lost sales at Bed Bath & Beyond
Executives were "disappointed" in the retailer's fourth quarter results, blaming falling sales on industrywide supply chain challenges.
By Caroline Jansen • April 13, 2022 -
Rite Aid guidance could signal its ability to survive: analyst
The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.
By Ben Unglesbee • April 13, 2022 -
Epic Games raises $2B to develop its metaverse efforts
The funding brings its valuation to nearly $32 billion, and includes participation from Kirkbi, the investment firm behind The Lego Group.
By Tatiana Walk-Morris • April 13, 2022 -
Retail bankruptcy risks still low after 2020's flood: report
The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.
By Ben Unglesbee • April 12, 2022 -
Etsy sellers strike over transaction fee hike
Thousands of the marketplace's sellers are suspending their accounts, urging a boycott and demanding other changes as a 30% increase takes effect Monday.
By Daphne Howland • April 11, 2022 -
Retrieved from Lowe's Newsroom on December 02, 2020
Lowe's CFO to exit
Dave Denton, who's been in the role since 2018, will become the CFO at Pfizer. Lowe's senior vice president of retail finance, Brandon Sink, will succeed Denton.
By Caroline Jansen • April 11, 2022 -
Drew Barrymore invests in Grove Collaborative
Barrymore will inform the company's product development and serve as a global brand and sustainability advocate as it prepares to go public.
By Tatiana Walk-Morris • April 11, 2022 -
As long-running legal feud slogs on, Lampert and Sears Holdings creditors ordered to mediation
The former head of the department store company has been accused of transferring billions of dollars in assets to himself.
By Ben Unglesbee • April 8, 2022 -
Designer Brands aims to double private label sales
The company, which owns DSW and The Shoe Company, says that it has transformed from a retailer to a brand builder.
By Kaarin Moore • April 8, 2022 -
Column
The Weekly Closeout: Dick's names ambassadors for Calia brand and Walmart sweetens perks for sellers
The sporting goods retailer brought on four brand ambassadors to replace Carrie Underwood, while the mass merchant is offering sellers discounts on commission rates.
By Retail Dive Staff • April 8, 2022 -
Will tax refund season be the highlight for apparel sales this year?
With pandemic relief over, inflation rising and a war overseas persisting, some analysts see shadows looming over some of the sunny outlooks from retailers.
By Daphne Howland • April 7, 2022 -
Amazon under investigation by SEC over disclosures on seller data use: WSJ
The probe, more than a year old, reportedly has honed in on how the company communicated to investors about use of data in its own private labels.
By Ben Unglesbee • April 7, 2022 -
Surging inflation compelling small businesses to raise prices
Inflation is broad based – flaring in every sector – and will probably persist longer than initially expected, the U.S. Chamber of Commerce said.
By Jim Tyson • April 7, 2022 -
The Ordinary owner Deciem is dropping 4 brands
Estée Lauder, which last year plunked down $1 billion for a controlling stake in the decade-old cult beauty company, will focus on The Ordinary and NIOD.
By Daphne Howland • April 6, 2022 -
Judge bars Walmart from selling shoes Vans alleges are knockoffs
The shoe brand accused the retailer of flooding the market with "cheap, low-quality, and confusingly similar shoes."
By Ben Unglesbee • April 6, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After engineering an 'extraordinary' turnaround, Destination XL is on the hunt for market share
The big-and-tall specialist went into "survival mode" early in the pandemic. Now it has reversed its financial trajectory and wants to win over a frustrated customer.
By Ben Unglesbee • April 6, 2022 -
Hasbro board survives proxy fight with activists
Shareholders reelected all 13 of the toy company's directors after an activist firm pushed its own directors and called for change.
By Ben Unglesbee • Updated June 9, 2022