Financial News: Page 89
-
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 Ben Unglesbee • May 14, 2021 -
Sean Gallup via Getty Images
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 -
Courtesy of Walmart
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 -
Raysonho. (2016). "Saks Fifth Avenue in Toronto" [photograph]. Retrieved from Wikimedia Commons.
The digital Saks raises $465M in debt capital to fuel growth
The funding is aimed at helping the newly separated e-commerce company capitalize on an expanding market in online luxury retail.
By Ben Unglesbee • May 13, 2021 -
Ralph Lauren unloads Club Monaco to private equity
The apparel company has been working to sharpen its focus and trim its portfolio, including turning its low-cost Chaps brand into a licensed business.
By Daphne Howland • May 13, 2021 -
Centric Brands adds to exec ranks, board as it eyes post-bankruptcy growth
The licensing specialist has brought in a former Pandora executive and past president of Lord & Taylor to help lead it in a new era.
By Ben Unglesbee • May 12, 2021 -
alvarez via iStock
Report: Retail tech investments at fastest run rate in 5 years
The enhancement of supply chain and omnichannel capabilities continue to drive funding as retailers approach a post-pandemic world, CB Insights found.
By Maria Monteros • May 12, 2021 -
"Nordstrom wing of the Fashion Centre at Pentagon City" by Ben Schumin is licensed under CC BY-SA 2.0
Simon Q1 shows a mall business on the mend, but in flux
Traffic and purchases are recovering, but the REIT is signing more temporary leases, agreeing to more rents based on sales and leaving some space empty.
By Daphne Howland • May 12, 2021 -
Cara Salpini/Retail Dive
Paper Source to be acquired in Ch. 11 by owner of Barnes & Noble
Elliott Investment Management emerged as the successful bidder for the gift specialist and sees it as "highly complementary" to the book retailer.
By Ben Unglesbee • May 11, 2021 -
Dean Mitchell via Getty Images
Sponsored by KatapultRetailers are leaving almost half of American consumers without an option to buy
Three reasons why lease-to-own is the best option for retailers that want to expand the number of customers that can engage with their brands.
May 10, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart acquires telehealth provider MeMD, upping competition in telehealth space
Bringing the telehealth vendor under Walmart's umbrella may pit the big-box retailer directly against Amazon in the virtual care arena.
By Rebecca Pifer • May 7, 2021 -
Permission granted by At Home Group
At Home to be acquired by private equity firm for $2.8B
After years of speculation of a sale, Hellman & Friedman entered into a definitive agreement with the retailer that would take it private.
By Caroline Jansen • May 7, 2021 -
Cara Salpini/Retail Dive
GameStop upgraded as it raises cash for turnaround and pays off debt
After raising more than half a billion dollars from a stock market bullish on the retailer, it has more flexibility to invest in digital efforts.
By Ben Unglesbee • May 7, 2021 -
Daphne Howland/Retail Dive
Brookfield sells off its interest in Forever 21 as retail drags down Q1
The REIT, which is set to go private in the third quarter, also recently walked away from three malls with delinquent loans.
By Daphne Howland • May 7, 2021 -
Courtesy of Walmart corporate blog
Walmart gives diverse suppliers option for early payment to help increase access to capital
The retailer is expanding its early payments program through a partnership with the financial technology company C2FO.
By A.B. Brown • May 7, 2021 -
Wayfair CEO sees growth potential post-pandemic
The retailer, which has largely benefited over the past year by operating both online and in an in-demand category, reported 49% revenue gains in Q1.
By Caroline Jansen • May 6, 2021 -
J.C. Penney cuts 650 jobs under new owners
The layoffs came after an operational review by Simon Property Group and Brookfield Asset Management.
By Ben Unglesbee • May 6, 2021 -
Office Depot parent plans to break up its retail and B2B businesses
The office supplies retailer intends to split itself into two separate companies shortly after rebuffing an offer from Staples and its backer, Sycamore Partners.
By Ben Unglesbee • May 6, 2021 -
Courtesy of Nogin
ModCloth changes hands once again
When financial firm Go Global Retail bought the brand from Walmart in 2019, it wasn't interested in quickly flipping it, but the pandemic interfered.
By Daphne Howland • May 6, 2021 -
Daphne Howland/Retail Dive
Wells Fargo finds apparel on the upswing
E-commerce has slowed and stimulus checks are dwindling, but the analysts found that store traffic is up, inventory is lean and margins are fatter.
By Daphne Howland • May 5, 2021 -
Owner of Lids acquires South Moon Under
Private investment vehicle Ames Watson says it wants to grow the Maryland-based fashion retailer.
By Ben Unglesbee • May 5, 2021 -
Courtesy of Gap Inc.
Gap Inc. to sell Intermix to private equity firm
The boutique opened in New York nearly 30 years ago and was acquired by the conglomerate in 2012, but as a retailer of other brands, it never quite fit.
By Daphne Howland • May 5, 2021 -
Kaarin Vembar/Retail Dive
Under Armour puts SEC battle, pandemic woes behind it in Q1
For $9 million, the brand settled its claims with the SEC, while also reporting earnings that widely exceeded expectations.
By Cara Salpini • May 4, 2021 -
David's Bridal takes on $70M loan as it preps for the return of weddings
After last year's slump in ceremonies, the retailer is raising capital to speed up its growth and ride the anticipated wave as couples return to the aisle.
By Ben Unglesbee • May 4, 2021 -
Daphne Howland/Retail Dive
Deep DiveWhat's next for Destination XL after last year's calamity in menswear?
The big-and-tall specialist's sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil.
By Ben Unglesbee • May 4, 2021
Previous
