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Heading into the pandemic, you might have doubted that Dillard's would emerge intact, with record profits and share prices. But that's exactly what happened.

Klarna, a 10-year old e-commerce firm based in Sweden is eyeing an entry to the U.S. market, according to Reuters. Klarna is one of Europe's most valuable tech start-ups and provides payment services for online storefronts and could offer U.S. consumers an alternative choice to Paypal... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:

Dive Brief: Building off a year of growth, Lululemon on Thursday reported first quarter revenues increased 88% to $1.2 billion, up from $652 million last year when stores were temporarily shut due to the pandemic, according to a company press release. Net revenue rose 57% over 2019, the company said. Direct-to-consumer net revenue increased 55%, but — as brick-and-mortar sales rebounded — sales represented 44.4% of total net revenue, down from 54% during Q1 2020. Men's growth outpaced women's compared to both 2020 and 2019, according to Lululemon CEO Calvin McDonald on a call with anal...

Dillard's posted a 73% year-over-year increase in retail sales, to $1.3 billion, for the first quarter.  The company had a record performance on earnings and gross margin, the latter of which leaped to 41.7% from 12.5% last year, CEO William Dillard said in a press release. The retailer's performance compares to a miserable Q1 2020 for the sector but still handily beat analyst expectations. Compared to the pre-pandemic period (2019), Dillard's retail sales remain down nearly 9%, with comparable sales down 6%. Dive Insight: Department stores as a sector were fated to have an excellent Q1 i...

Dive Brief: Urban Outfitters on Monday said that former Nordstrom women's apparel merchant Tricia Smith has been hired as global chief executive officer of its Anthropologie brand. She replaces Hillary Super, who had led the brand for three years and left Friday. Smith spent 26 years at Nordstrom, most recently as general merchandise manager of women's, young contemporary, designer and specialized apparel, according to a company press release. In 2019, she left to become chief merchant at Tilly's. The conglomerate also released preliminary first quarter results, reporting year-over-year high ...