Financial News: Page 88


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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    Off-pricers bounce back in Q1

    Supply is still a problem, but these retailers are back in the game. All they really needed was stores to reopen.

    By May 27, 2021
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    Justin Sullivan via Getty Images
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    Judge dismisses DC attorney general's antitrust suit against Amazon

    The district's top lawyer said the court "got this wrong" and is reviewing further legal options.

    By Updated March 21, 2022
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    Daphne Howland/Retail Dive
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    Downsizing hurts Nordstrom in Q1

    Last year's move to shutter 16 full-line stores hampered sales over 2019. Meanwhile, some analysts question a key aspect of its new digital strategy.

    By May 26, 2021
  • Authentic Brands eyeing possible IPO: Bloomberg

    A possible deal to go public could fetch a $10 billion value for the company as it buys up retail brands out of bankruptcy and distress.

    By May 25, 2021
  • Tuesday Morning returning to Nasdaq after delisting

    The off-price retailer is back on a major market after its Chapter 11 and restructuring, and is projecting optimism about the future. 

    By May 24, 2021
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    Alex Wong / Staff via Getty Images
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    Deep Dive

    Visa, Mastercard face biggest challenges in a decade

    Regulatory, legislative and court confrontations over the card network companies' fees are ratcheting up pressure again for reform of the behemoths' practices.

    By Lynne Marek • May 21, 2021
  • Deep Dive

    Can banks win in the booming buy now, pay later space?

    While buy now, pay later represents a niche of the payments ecosystem, banks should take note of what its growth says about the next generation of consumers.

    By Anna Hrushka • May 21, 2021
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    Daphne Howland/Retail Dive
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    Vans pulls up VF Corp as apparel replenishment begins

    The hit sneaker brand is in comeback mode, but Europe's pandemic troubles and questions around inventory remain bumps in the road.

    By May 21, 2021
  • Seeking a post-bankruptcy rebound, Tuesday Morning adds former Burlington execs to C-suite

    The off-price retailer brought in Fred Hand as CEO and Marc Katz as interm CFO as it tries to stabalize and grow in the sector. 

    By May 21, 2021
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    Cara Salpini/Retail Dive
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    Foot Locker to convert, wind down most Footaction stores

    A third of the stores will be converted to other company banners, while "the majority" of the remaining fleet will be shut down as leases expire.

    By May 21, 2021
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    Petco
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    Petco posts 'record' Q1, raises full-year outlook

    The retailer has been able to ride the wave of increased categorical demand this past year as consumers turned to their pets for comfort.

    By May 20, 2021
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    Daphne Howland/Retail Dive
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    L Brands says the government's pandemic relief drove $125M in sales and stoked profits

    With Bath & Body Works sales nearly doubled and Victoria's Secret on the mend, the company named new CFOs for when they separate in August.

    By May 20, 2021
  • A tree branch frames a Kohl's store on a sunny day.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl's posts 70% sales growth as it rides consumer momentum in Q1

    The retailer raised its forecast for the year — which would still leave it short of pre-pandemic levels — while touting new brand partnerships. 

    By May 20, 2021
  • Home Depot outpaces Lowe's in Q1

    Even with restrictions easing, the retailers reported double-digit sales gains as consumers continue to take on home improvement projects.

    By May 19, 2021
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    Courtesy of Target
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    Target's comp sales up 23% as its private brands hit record growth

    The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.

    By Maria Monteros • May 19, 2021
  • Knix tells women to 'stop trashing their periods' in new OOH, digital campaign
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    Courtesy of Knix
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    Knix raises $40M as it looks to expand retail fleet, grow brand

    The intimates brand says it is on pace to generate $100 million in sales and is "highly profitable."

    By May 19, 2021
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    Courtesy of Walmart
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    Walmart maintains growth with online sales up 37%

    After a "strong" first quarter, CEO Doug McMillon said the retailer expects "continued pent-up demand" throughout the year.   

    By Maria Monteros • May 18, 2021
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    Bark
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    Ahead of public debut, BarkBox parent posts 79% revenue increase

    The brand reported preliminary Q4 results before a shareholder vote at the end of this month to approve its acquisition by Northern Star Acquisition Corp.

    By May 18, 2021
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    Daphne Howland/Retail Dive
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    Macy's credits speedy vaccinations, pandemic relief for Q1 rebound

    People are buying apparel again — even dresses — after living in sweats during the pandemic, but a comparison to 2019 reveals a retailer in decline.

    By May 18, 2021
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    Courtesy of Casper
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    Growth in wholesale helps push Casper's revenue up 13% in Q1

    Revenue from the brand's retail partners, which include Nordstrom and Sam's Club, increased 53.7%, while its DTC business saw an 11.1% rise.

    By May 18, 2021
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    Permission granted by At Home Group
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    At Home's largest shareholder to vote against sale

    CAS Investment Partners, which owns about 17% of the retailer's common stock, sent a letter to the board opposing the sale to Hellman & Friedman.

    By May 17, 2021
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    Retrieved from Overstock on May 12, 2021
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    How Overstock learned to love retail again

    CEO Jonathan Johnson discusses why he brought the company back to its roots and away from the blockchain experiments that infatuated his predecessor.

    By May 17, 2021
  • Dillard's surprises with 73% sales spike

    Vaccinations, stimulus and warm weather drove up margins, profits and the top line, a sign of major recovery from last year's declines.

    By May 14, 2021
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    Sean Gallup via Getty Images
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    PayPal acquires returns startup Happy Returns

    After investing in the startup in 2019, the payments platform is now buying it, to better serve consumers throughout their purchase journey.

    By Tatiana Walk-Morris • May 14, 2021
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    Courtesy of Walmart
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    Walmart to acquire virtual fitting room startup Zeekit

    The testing technology's three founders — Yael Vizel, Alon Kristal and Nir Appleboim — will join Walmart as part of the deal. 

    By Maria Monteros • May 13, 2021