retail Archives - CFO

Walmart CFO Brett Biggs Is Stepping Down

Walmart CFO Brett Biggs Is Stepping Down

Biggs will remain with the retailer until a successor is named next year. He expects to leave the company in January 2023.

By Vincent Ryan | November 29, 2021

Authentic Brands Stays Private With PE Deal

Authentic Brands Stays Private With PE Deal

The brand developer is selling "significant" stakes to two private-equity firms and shelving its plans for an IPO.

By Matthew Heller | November 22, 2021

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.

By Vincent Ryan | October 26, 2021

Ross Stores Promotes Adam Orvos to CFO

Ross Stores Promotes Adam Orvos to CFO

Orvos joined the retailer in January as group senior vice president of supply chain administration.

By Lauren Muskett | September 30, 2021

Claire’s Sees Gen Z Growth in IPO Pitch

Claire’s Sees Gen Z Growth in IPO Pitch

The specialty retailer says it is "a category leader in the girl’s fashion jewelry and accessories market" and a "leading piercing destination."

By Matthew Heller | September 30, 2021

Adidas Sells Reebok to Authentic Brands

Adidas Sells Reebok to Authentic Brands

Adidas restored Reebok to profitability but "was far less successful in building a brand that was able to capture the hearts and minds of consumers."

By Matthew Heller | August 12, 2021

Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO

Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO

Over the past several years, Authentic Brands has scooped up brands on the verge of bankruptcy.

By Vincent Ryan | May 25, 2021

Business Inventories Increase 0.5% in February

Business Inventories Increase 0.5% in February

February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.

By Matthew Heller | April 15, 2021

Godiva to Exit All North America Stores

Godiva to Exit All North America Stores

Demand for in-person chocolate shopping had “waned as a result of the pandemic and its acceleration of changes in consumers’ shopping behavior."

By Matthew Heller | January 25, 2021

U.S. Retail Sales Fall for Third Consecutive Month

U.S. Retail Sales Fall for Third Consecutive Month

"The further slump in retail sales in December confirms that the continued surge in coronavirus infections is now weighing heavily on the economy."

By Lauren Muskett | January 15, 2021

Luckin Coffee Fined $180M in Accounting Fraud

Risk & Compliance

Luckin Coffee Fined $180M in Accounting Fraud

The SEC says the Chinese retailer fabricated more than $300 million in coupon sales to present a false picture of rapid growth to investors.

By Matthew Heller | December 17, 2020

Embattled Industries: Profiles in Resilience

Embattled Industries: Profiles in Resilience

Although the pandemic nearly crushed their industries, these companies are finding ways to thrive.

By Lauren Muskett | December 2, 2020

Walmart Offloads 85% Stake in Seiyu to KKR, Rakuten

Walmart Offloads 85% Stake in Seiyu to KKR, Rakuten

KKR will acquire 65% of the Japanese retailer and Rakuten will take a 20% share through a newly-created subsidiary.

By Lauren Muskett | November 16, 2020

Costco Posts 11.4% Same-Store Sales Increase

Financial Performance

Costco Posts 11.4% Same-Store Sales Increase

The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.

By Matthew Heller | September 25, 2020

Digital Sales Surge Fuels Nike Earnings Beat

Financial Performance

Digital Sales Surge Fuels Nike Earnings Beat

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."

By Matthew Heller | September 23, 2020