Financial News: Page 82


  • An Allbirds storefront on Newbury Street in Boston.
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    Cara Salpini/Retail Dive
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    Allbirds files for IPO with growing revenue, and losses

    Revenue at the DTC brand grew last year to $219 million, but so did losses, reaching $25.9 million.

    By Aug. 31, 2021
  • A person sits on a brown couch, wearing a bright blue track suit.
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    Retrieved from Stateside on August 31, 2021
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    Digital Brands buys up another apparel business as it seeks scale

    The company is looking to rapidly transform itself into a brand conglomerate that can create styles for customers out of its owned entities.

    By Aug. 31, 2021
  • Social commerce company Flip lands $28M funding round.
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    Retrieved from Apple Store.
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    Social shopping startup Flip raises $28M

    The company intends to use the funding to expand its brand offering, creator ecosystem and end-to-end logistics platform.

    By Tatiana Walk-Morris • Aug. 31, 2021
  • Digital Brands Group's Ace Studios men's luxury apparel brands
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    Retrieved from Digital Brands Group on August 30, 2021
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    Months after IPO, Digital Brands Group listed among S&P's most vulnerable retailers

    The company is looking to roll up apparel brands and create leverage out of scale. But it's a long way from being profitable. 

    By Aug. 30, 2021
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    Daphne Howland/Retail Dive
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    Off-price retailers brace for uncertainty despite healthy Q2

    Burlington, Ross and TJX are usually isolated from macro headwinds, but are dealing with rising freight costs, supply chain issues and unknowns.

    By Aug. 30, 2021
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    Joe Raedle via Getty Images
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    A tale of two dollar stores: Dollar Tree hit by freight while Dollar General mostly shrugs off costs

    The $1 proposition means less room to raise prices as supply chain congestion leads to extraordinary cost increases.

    By Aug. 27, 2021
  • Bebe to purchase more rent-to-own furniture stores

    The company, which is primarily known as a fashion licensor, is purchasing more Buddy's Home Furnishings franchises and announced that it refinanced.

    By Aug. 27, 2021
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    Daphne Howland/Retail Dive
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    Gap keeps mum about its Yeezy collection as Old Navy, Athleta dominate Q2

    The conglomerate is enjoying a comeback, but when it comes to growth, its iconic namesake and struggling Banana Republic have taken a back seat.

    By Aug. 27, 2021
  • Walmart
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    Courtesy of Walmart
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    The Weekly Closeout: Walmart, Dove partner for inclusive baby line and Hermès sells a $1,125 dog bowl

    The mass merchant wants to fill a gap in the category, and the luxury brand unveiled a product for furry friends that enjoy the finer things.

    By Retail Dive Staff • Aug. 27, 2021
  • Ulta shop-in-shop at Target
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    Courtesy of Target
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    Ulta ‘thrilled’ with Target partnership as first 58 stores open

    Aiming for 100 by the end of the third quarter, executives said the experience is already resonating with shoppers.

    By Aug. 26, 2021
  • Resale tech startup Trove raises $77.5M

    The company will use the funds to grow its brand partnerships, enter the luxury market, reach European consumers, and improve its tech and logistics.

    By Tatiana Walk-Morris • Aug. 26, 2021
  • Lululemon storefront in New York
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    Cara Salpini/Retail Dive
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    With plans to hire 8K employees, Lululemon raises hourly pay

    In late September, the athleisure retailer's minimum wage will start at $15 or $17 to accommodate growth and prep for the holidays.

    By Aug. 26, 2021
  • Dick's Sporting Goods' House of Sport store concept
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    Permission granted by Dick's Sporting Goods
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    Dick’s piles on sales gains, eyes more growth with new concepts

    The sporting goods retailer is doubling down on stores as it rolls out its House of Sport concept and Public Lands banner.

    By Aug. 26, 2021
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    Michael Buckner / Staff via Getty Images
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    Warby Parker files to go public through direct listing

    The DTC eyewear brand's revenue has been on the rise. But, like several other digitally native brands that have gone public, it struggles with profitability.

    By Aug. 25, 2021
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    Daphne Howland/Retail Dive
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    Inventory confounds Nordstrom in subdued Q2

    The department store beat expectations but, unlike most rivals, results declined from 2019 in a period still clouded by the pandemic.

    By Aug. 25, 2021
  • The founders of running brand On
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    Courtesy of On
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    Roger Federer-backed running brand On files for IPO

    The company will offer 31.1 million shares priced between $18 and $20.

    By Updated Sept. 7, 2021
  • Asia’s first ship-to-containership LNG bunkering undertaken by CMA CGM and FueLNG at the Port of Singapore, March 2021.
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    Courtesy of CMA CGM
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    What retail executives are saying about widespread supply chain bottlenecks

    From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.

    By Updated Aug. 30, 2021
  • A dark blue van with the word "Geek" in large white letters is parked in a lot.
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    Daphne Howland/Retail Dive
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    Best Buy flexes ongoing strength in Q2 as online sales drop

    The electronics retailer is expected to continue to enjoy strong demand for its gadgets and services, but could face renewed competition from Amazon.

    By Aug. 24, 2021
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    Daphne Howland/Retail Dive
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    Amazon aggregator D1 Brands raises $123M

    More investors are lining up to fund companies that are acquiring third-party sellers from Amazon and other digital natives.

    By Tatiana Walk-Morris • Aug. 24, 2021
  • A Bath and Body Works storefront
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    Cara Salpini/Retail Dive
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    Bath & Body Works, Victoria's Secret show different strengths in Q2

    With some metrics still tangled together, the now-separated brands still featured in each other's reports. But it's clear why they shouldn't be together.

    By Aug. 20, 2021
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    Foot Locker net sales surge 28% from 2019

    The company outlined more details on its acquisitions of WSS and Atmos, and provided an update on its wind down of Footaction stores.

    By Aug. 20, 2021
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    Courtesy of Crate and Barrel
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    Column

    The Weekly Closeout: Crate and Barrel partners with Shinola and Shrek goes Supreme

    The retailer collaborated with the luxury watchmaker for a furniture and housewares collection, and the famous green ogre is Supreme's new muse.

    By Retail Dive Staff • Aug. 20, 2021
  • A light post sits just below the big red sign on Macy's flagship store.
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    Daphne Howland/Retail Dive
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    Macy's says its Polaris turnaround is 'working'

    But, as Amazon looms, the department store may not be prepared for the day the high-spending U.S. consumer settles down.

    By Aug. 20, 2021
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    Daphne Howland/Retail Dive
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    Petco sales up 19% as category demand remains high

    The retailer has been able to sustain the growth it experienced in 2020, reporting that comp sales increased for the 11th consecutive quarter.

    By Aug. 19, 2021
  • Target employee.
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    Courtesy of Target
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    Target posts 9% comp sales entirely driven by traffic

    The retailer emphasized its theme of "growth on top of growth" even as the pace slows.

    By Maria Monteros • Aug. 18, 2021