Financial News
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Courtesy of Vera Bradley
ColumnThe Weekly Closeout: Vera Bradley urged to sell and Fleet Feet makes an acquisition
Fund 1 Investments in a letter pushed the accessories brand to consider strategic alternatives, while the footwear retailer bought South Sound Running.
By Retail Dive Staff • Jan. 3, 2025 -
Perfect Corp expands into luxury fashion with Wannaby acquisition
The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel.
By Kaarin Moore • Jan. 2, 2025 -
Nate Delesline III/Retail Dive
Big Lots’ new deal could keep up to 400 stores open
Under the transaction, Variety Wholesalers would acquire at least 200 stores and up to two distribution centers, saving jobs in the process.
By Stephanie Arnold • Dec. 30, 2024 -
"Destination XL Group - DXL (51788714899).jpg" by Ajay Suresh is licensed under CC BY 2.0
Destination XL gets offer to go private
The big and tall men’s apparel retailer “would be far better served” as a private company, Fund 1 says.
By Nate Delesline III • Dec. 26, 2024 -
Daphne Howland/Retail Dive
Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition
Saks CEO Marc Metrick will lead the expanded company, while chief merchant Tracy Margolies will take over as Bergdorf Goodman’s president.
By Nate Delesline III • Dec. 24, 2024 -
Daphne Howland/Retail Dive
Party City to close all stores in bankruptcy
About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.
By Caroline Jansen • Dec. 23, 2024 -
Daphne Howland/Retail Dive
Nordstroms succeed in taking company private for $6.25B
The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.
By Daphne Howland • Dec. 23, 2024 -
Cara Salpini/Retail Dive
Nike CEO: Wholesale partners ‘feel we’ve turned our back on them’
Elliott Hill, who just took over the top spot in October, vowed a return to stronger relationships with its partners as sales fell 8% in Q2.
By Cara Salpini • Dec. 20, 2024 -
Joe Raedle via Getty Images
The Weekly Closeout: Walmart to invest $1.3B in Chile and what Nike’s stumble means for Foot Locker
The big-box retailer’s plans include 70 new stores across Chile, while the sportswear giant’s DTC about-face could be a boon to Foot Locker.
By Retail Dive Staff • Dec. 20, 2024 -
Courtesy of Birkenstock
Birkenstock closes out its fiscal year on a high note
The German footwear brand is carefully calibrating its wholesale and direct-to-consumer strategies, with plans to grow its store count by 50% next year.
By Daphne Howland • Dec. 19, 2024 -
Joe Raedle / Staff via Getty Images
CFPB swats at retail credit cards
The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.
By Lynne Marek • Dec. 19, 2024 -
J.C. Penney loss narrows in Q3 as sales declines continue
The department store has more flexibility than others attempting a turnaround, but ongoing top-line weakness clouds its longer-term prospects.
By Daphne Howland • Dec. 18, 2024 -
Courtesy of Target
5 retailers that need a great 2024 holiday season
Some companies are coming off a tough quarter, while others switched leadership or are dealing with changing consumer behavior. But all of these retailers need a W.
By Kaarin Moore • Dec. 17, 2024 -
Aliah Anderson via Getty Images
Vera Wang sells namesake brand to WHP Global
Wang will become a shareholder and continue to lead the label’s creative direction.
By Laurel Deppen • Dec. 16, 2024 -
Courtesy of Academy Sports and Outdoors
Academy Sports and Outdoors to expand Nike offerings amid declining sales
In April next year, the sporting goods retailer intends to introduce “full assortments” of the brand into more than 140 stores.
By Tatiana Walk-Morris • Dec. 16, 2024 -
Courtesy of PayPal
PayPal to raise prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
By Lynne Marek • Dec. 16, 2024 -
Daphne Howland/Retail Dive
Deep DiveNordstrom and Macy’s abandoned the ‘retail inventory method’ after using it for decades. Here’s why.
The accounting practice, embraced by department stores in the 1920s, is outdated, skews key metrics and fosters bad decisions, analysts say.
By Daphne Howland • Dec. 16, 2024 -
RH to open 9 new design galleries next year in North America, Europe
The luxury home furnishings retailer also said possible tariff spikes are unlikely to affect margins as it works to eliminate sourcing from China.
By Nate Delesline III • Dec. 13, 2024 -
Cara Salpini/Retail Dive
Under Armour holds first investor day in 6 years
Capping off a difficult year, CEO Kevin Plank outlined the brand’s strategy to get back to growth through marketing reinvestment and product innovation.
By Cara Salpini • Dec. 13, 2024 -
Courtesy of Amazon
ColumnThe Weekly Closeout: Adidas headquarters searched, Amazon starts selling cars
The activewear brand is under investigation for tax and customs compliance, while the e-commerce giant is offering Hyundai cars through Amazon Autos.
By Retail Dive Staff • Dec. 13, 2024 -
Cara Salpini/Retail Dive
J. Jill CEO will retire next year
After taking the post in early 2021 amid the retailer’s financial distress, Claire Spofford introduced an operational control that analysts find encouraging.
By Daphne Howland • Dec. 12, 2024 -
Daphne Howland/Retail Dive
GameStop eyes more store closures amid 20% sales drop
The gaming retailer swung to a profit in Q3 even as it announced an exit from Germany and warned of higher store closures than previous years.
By Nate Delesline III • Dec. 11, 2024 -
Daphne Howland/Retail Dive
Macy’s speeds up store closures to amp up turnaround
The retailer also said that for nearly three years an employee hid about $151 million in delivery expenses but that the fraud didn’t affect sales.
By Daphne Howland • Dec. 11, 2024 -
Courtesy of The Container Store
NYSE moves to delist The Container Store
The home retailer has made several moves this year to strengthen its financial position as consumer reticence around discretionary spending persists.
By Nate Delesline III • Dec. 10, 2024 -
Permission granted by Petco
Petco narrows net loss to $16.7M in Q3 as turnaround efforts gain momentum
The company has made several executive appointments this year as it works to implement various merchandising changes.
By Nate Delesline III • Dec. 10, 2024
