Tag: Financial News

June 24, 2024

Under Armour will pay $434 million to members of a class action lawsuit who bought the company’s stock between Sept. 16, 2015 and Nov. 1, 2019. The lawsuit, filed in 2017, alleged that Founder and then-CEO Kevin Plank knowingly or […]

June 13, 2022

Over the past two or three decades, investors of all sorts have shaped the retail industry in myriad ways. Activist shareholders have advocated for mergers, sales, spinoffs, stock buybacks and asset sales. Private equity investors have taken over dozens of […]

March 22, 2022

Reach, a combined payments, tax and fraud platform designed to improve handling of cross-border commerce transactions, has received $30 million in its latest funding round. The solution provider will use the funding to scale up its development teams with a […]

March 10, 2022

Off-price retailers often rise above the challenges that tend to hurt most stores. For example, when the economy is weak, people shop off-price to save money; when the economy is strong people shop off-price because they have money to spend. […]

March 3, 2022

For many companies, an unexpected bill for $400 million would be a crucible, if not the beginning of a tailspin. For Walmart, the world’s largest company by revenue, it was a mere speed bump. That figure, $400 million, was what […]

February 18, 2022

Sasser has overseen a massive expansion of Dollar Tree, taking the form of an ongoing build-out of its namesake footprint as well as the acquisition of Family Dollar in 2015. During his tenure, the company has grown from $1 billion […]

August 17, 2021

It’s all part of the plan. That’s the assurance that executives at major retail REITs gave in recent weeks about the higher levels of uncertainty to be found in their leasing agreements and tenant mixes these days. With lockdowns a […]