Financial News: Page 9
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Michael M. Santiago via Getty Images
Tapestry logs better-than-expected net sales, driven by Coach
The Kate Spade and Stuart Weitzman owner said it wouldn’t pursue more mergers in the near term if its Capri Holdings acquisition failed.
By Laurel Deppen • Nov. 8, 2024 -
Permission granted by Tempur Sealy
Tempur Sealy, Mattress Firm seek to pause FTC case
The companies say being forced to litigate both a federal court case and an FTC challenge would cause undue financial hardship.
By Nate Delesline III • Nov. 8, 2024 -
Daphne Howland/Retail Dive
Warby Parker raises full-year guidance as it posts double-digit revenue growth in Q3
The company is on track to open 40 new stores by the end of the year and continues to add eye exam locations as it works to grow its vision offerings.
By Caroline Jansen • Nov. 7, 2024 -
Spencer Platt via Getty Images
Under Armour plots ‘most significant’ marketing to date as it works to win back shoppers
“I don’t believe the consumer’s mad at us, we just have to give them a reason to want to engage with us again,” CEO Kevin Plank said on a call with analysts.
By Cara Salpini • Nov. 7, 2024 -
Spencer Platt via Getty Images
Allbirds makes progress in Q3 but profits remain elusive
The DTC footwear brand’s store closures have hurt sales and saved cash. Now it’s introducing new styles and stepping up its marketing.
By Daphne Howland • Nov. 7, 2024 -
Michael M. Santiago via Getty Images
As Trump rises again, so too might inflation
Some retailers could get hit hard by policies promised by the president-elect, especially tariffs and taxes, though tax breaks may be a tailwind.
By Daphne Howland • Nov. 6, 2024 -
Kaarin Vembar/Retail Dive
Casper finds new owners through Carpenter Co. deal
The brand, which was acquired in 2022 by Durational Capital Management, has become a subsidiary of the polyurethane foams manufacturer.
By Caroline Jansen • Nov. 4, 2024 -
Daria Nipot via Getty Images
Prime Day boosts Amazon sales, membership in Q3
Product sales were strong, but third-party seller services, advertising and subscriptions grew by double digits in the period.
By Daphne Howland • Nov. 1, 2024 -
Caroline Jansen/Retail Dive
Wayfair narrows losses even as revenue falls 2% in Q3
The retailer continues to face softened demand, but has been launching initiatives it hopes will drive long-term growth, CEO Niraj Shah said.
By Caroline Jansen • Nov. 1, 2024 -
Courtesy of Peloton
A Peloton subscriber will be its next CEO
Ford Executive Peter Stern has also held leadership roles at Apple — where he was co-founder of Apple Fitness+ — and Time Warner Cable.
By Daphne Howland • Oct. 31, 2024 -
Courtesy of Estée Lauder
Estée Lauder appoints CEO
Stéphane de La Faverie has been with the beauty giant since 2011 and succeeds Fabrizio Freda, who announced his retirement earlier this year.
By Howard Ruben • Oct. 31, 2024 -
Courtesy of The Container Store
The Container Store could file bankruptcy if Beyond equity deal fails
Despite facing several challenges, turnaround efforts are gaining momentum, CEO Satish Malhotra said.
By Nate Delesline III • Oct. 30, 2024 -
Courtesy of Adidas
Adidas reaches settlement with Ye as Yeezy inventory dwindles
The brand says it has momentum, though some analysts wonder what will follow the current hype around its legacy Terrace styles.
By Daphne Howland • Oct. 29, 2024 -
Crocs lowers outlook as Heydude continues to drag down revenues
The company is working to build Heydude’s brand awareness and momentum through influencer partnerships after a 17% revenue drop in Q3.
By Nate Delesline III • Oct. 29, 2024 -
Daphne Howland/Retail Dive
The RealReal CEO out after less than 2 years
Rati Sahi Levesque, who helped found the company in 2011, has replaced John Koryl, who arrived in February last year and has now left the company.
By Daphne Howland • Oct. 28, 2024 -
Michael M. Santiago via Getty Images
Tapestry and Capri merger blocked in win for FTC
The owners of Coach and Michael Kors plan to appeal the decision, but experts say it’s unlikely the deal will go through.
By Laurel Deppen • Oct. 25, 2024 -
Tractor Supply to acquire online pet pharmacy
The move expands the retailer’s market opportunity. Meanwhile, new locations spurred Q3 sales, as store comps and net income declined.
By Daphne Howland • Oct. 25, 2024 -
Courtesy of Business Wire
Consumer demand, star ambassadors key to Skechers’ record Q3 growth
The footwear company is trying to sustain its momentum by pushing deeper into its product offering for team-based sports.
By Nate Delesline III • Oct. 25, 2024 -
Daphne Howland/Retail Dive
Beyond’s revenue falls nearly 17% in Q3
The company said it wants to reduce fixed expenses by an annualized $65 million heading into 2025.
By Nate Delesline III • Oct. 24, 2024 -
Nate Delesline III/Retail Dive
Beyond to lay off 20% of workforce
Chief Product Officer Carlisha Robinson was terminated without cause Tuesday, according to a regulatory filing.
By Nate Delesline III • Oct. 23, 2024 -
Courtesy of Tupperware
Lender group to buy Tupperware out of bankruptcy
The lenders, which include Stonehill Capital Management Partners and Alden Global Capital, are offering $63.8 million in debt relief and about $23.5 million in cash.
By Nate Delesline III • Oct. 23, 2024 -
Courtesy of REI Co-op
REI sticks to store expansion plans despite declines
Amid layoffs, falling sales, widening losses and some turmoil at unionized locations, the outdoor retailer seeks a path to growth.
By Daphne Howland • Oct. 21, 2024 -
Daphne Howland/Retail Dive
Bed Bath & Beyond stores to return with Kirkland’s partnership
The companies will open neighborhood, small-format stores, and Beyond will invest $25 million in Kirkland's in a combined debt and equity transaction.
By Nate Delesline III • Oct. 21, 2024 -
Courtesy of H&M
ColumnThe Weekly Closeout: Foot Locker partners with the Chicago Bulls, H&M pops up in New York
The footwear retailer’s deal includes a series of community events, in-store activations and more, while the apparel retailer’s pop-up store runs for two months.
By Retail Dive Staff • Oct. 18, 2024 -
Cara Salpini/Retail Dive
Ulta looks to open 200 stores over the next 3 years as it plots growth in a tough market
Chief Financial Officer Paula Oyibo noted that this year and next “will be transitional years” as competition intensifies and category demand normalizes.
By Cara Salpini • Oct. 18, 2024
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