Financial News

Gamestop Shares Soar on First Reported Profit in Two Years

Gamestop reported its first quarterly profit in two years for Q4 2022, which ended Jan. 28, 2023. The retailer reached net income…

Bed Bath & Beyond Shares Drop Following Announcement of Reverse Stock Split Plan

Bed Bath & Beyond is seeking shareholder approval for a reverse stock split in order to bolster its share price and “enable…

Silicon Valley Bank Collapse Hits Some Ecommerce Retailers, but Full Effect Remains to be Seen

The collapse of Silicon Valley Bank (SVB) is sending shockwaves through ecommerce, and some retailers are expecting significant setbacks from the loss…

Tuesday Morning Receives $12.5M in New Debtor-in-Possession Financing

Off-price home goods retailer Tuesday Morning, which filed for bankruptcy in February 2023, has received $12.5 million in debtor-in-possession (DIP) financing from…

ThredUp Tests Consignment Fees, New Return Policies in the Pursuit of Profitability

Marking a significant shift in ThredUp’s value proposition to consumers, the resale marketplace testing out a number of new initiatives to improve…

WHP Looks Beyond Toys ‘R’ Us with $375M Investment from Ares

Brand management firm WHP Global has received a $375 million equity investment from funds managed by the private equity group of Ares…

Bark Lays Off 12% of Workforce, Seeks $12 Million in Annual Cost Savings

Bark will lay off 126 employees, approximately 12% of its total workforce, and curtail the use of some third-party vendors and contractors…

American Dream Again Misses $8.8 Million Loan Payment

The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 million debt service payment on municipal bonds…

Bed Bath & Beyond Staves off Bankruptcy with $1 Billion Capital Infusion

Bed Bath & Beyond has secured investor backing for more than $1 billion in capital, delaying a potential bankruptcy filing. The retailer…

Grupo Coppel Adds Digital Financial Services for U.S.-Based Mexican Community

Grupo Coppel, which operates one of Mexico’s largest department stores, Coppel, as well as a major banking network in the country, has…

The Edit LDN Raises $4.8 Million to Expand Sneaker Marketplace in U.S. and Middle East

Sneaker marketplace The Edit LDN has raised $4.8 million in seed funding to help it scale in the U.S. and MENA (Middle…

Mattress Firm Puts IPO on Ice, Citing Market Volatility

Mattress Firm has withdrawn its plans for an IPO this year, according to documents filed with the SEC. In January 2022, the…

Neiman Marcus Shares Insider Tips on Retiring Monolithic Tech and Embracing Modern, Composable Architecture

How Design Teams are Maximizing the Impact of New Store Experiences

Best Practices for Boosting Supply Chain Visibility

The Evolution of Retail Media: Powered by Data, RMNs Offer Full-Funnel Advertising

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