Financial News

  • Beige storefront with red lettering saying Bob's Discount Furniture
    Image attribution tooltip
    Courtesy of Bob's Discount Furniture press kit
    Image attribution tooltip

    Bob’s Discount Furniture files for IPO

    The furniture chain aims to use the proceeds of its IPO to pay down debt and plans to more than double its store footprint by 2035.

    By • Jan. 9, 2026
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip
    Column

    The Weekly Closeout: Nike sells Rtfkt, Hanky Panky gets acquired

    The athletics giant shut down the virtual sneaker company about a year ago, while the intimate apparel brand found a new home. 

    By Retail Dive Staff • Jan. 9, 2026
  • A palm tree in front of a light-colored building, against a blue sky.
    Image attribution tooltip
    Courtesy of Ashkenazy Acquisition Corporation
    Image attribution tooltip

    S&P Global Ratings downgrades Saks Global on missed interest payment

    The luxury giant is unlikely to make good within the grace period or achieve promised savings from last year’s $2.7 billion merger, the analysts said.

    By • Jan. 8, 2026
  • People walking by Nordstrom's New York City store at the holidays.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    US e-commerce spend reached nearly $258B over the holidays

    Adobe Analytics data found consumer spending grew 6.8% compared to 2024, with buy now, pay later usage reaching a new high.

    By • Jan. 7, 2026
  • A stone building with a Converse storefront on the street level.
    Image attribution tooltip
    The image by Jörg Zägel is licensed under CC BY-SA 3.0
    Image attribution tooltip

    Could Nike sell Converse?

    Revenue declines and a 44% drop in demand creation may indicate it’s time to divest the brand, according to BNP Paribas.

    By • Jan. 6, 2026
  • People shopping on a downtown street.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    December sales drop over 2% at small retail businesses despite traffic bump

    Even at the holidays shoppers prioritized essentials, and inflation-adjusted discretionary sales at smaller stores fell 1.8% year on year, per Fiserv.

    By • Jan. 6, 2026
  • Retail rendering of a pop up store in partnership with Google
    Image attribution tooltip
    Courtesy of Pat McGrath Labs
    Image attribution tooltip

    Pat McGrath Labs seeks a buyer

    Bids are due to Hilco Global by Jan. 26, with a public auction for the beauty brand’s assets to be held on Jan. 27. 

    By Tatiana Walk-Morris • Jan. 5, 2026
  • People walking past a city department store building.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Saks Global doesn’t rule out bankruptcy

    The department store conglomerate says it’s “exploring all potential paths” toward stability but insists the luxury market is strong.

    By • Dec. 23, 2025
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
    Image attribution tooltip
    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    Deal to sell 120 J.C. Penney stores for $950M falls through

    When it was announced in July, the deal to private equity firm Onyx Partners faced questions from investors over the selling price.

    By • Dec. 23, 2025
  • A hair salon.
    Image attribution tooltip
    Rachel Murray/Getty Images for ELLE via Getty Images
    Image attribution tooltip

    Coty taps Procter & Gamble vet as executive chair, interim CEO

    Markus Strobel’s appointment comes days after the beauty giant sold its remaining stake in hair care brand Wella for $750 million.

    By • Dec. 22, 2025
  • Image of Instacart logo
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Instacart to pay $60M in settlement of FTC lawsuit

    The agency alleged that the company misled consumers over delivery promotion fees, made it hard to initiate refunds and did not fully disclose Instacart+ membership trial terms.

    By Catherine Douglas Moran • Dec. 22, 2025
  • A group of people stand evenly spaced apart stretching on a gray ground.
    Image attribution tooltip
    Courtesy of NikeSkims
    Image attribution tooltip

    As it enters the ‘middle innings’ of a turnaround, Nike’s path is far from smooth

    Performance in North America buoyed the brand in Q2, but one analyst called its position in China “particularly dire.”

    By • Dec. 19, 2025
  • A red Levi's tab sign against a bright blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip
    Column

    The Weekly Closeout: Levi’s adds Target vet to board, plus more Black Friday ‘standouts’

    Jeffrey Jones, a former chief marketer at Target, will join the apparel maker in January. Meanwhile, analysts called out On and Hoka as big winners from the sale season.

    By Retail Dive Staff • Dec. 19, 2025
  • A display of Birkenstock shoes on a shelf inside a DSW store.
    Image attribution tooltip
    Nate Delesline III/Retail Dive
    Image attribution tooltip

    Birkenstock revenue jumps, but tariff headwind remains

    The footwear brand's Q4 revenue increased 15% year over year. Meanwhile, it expects tariff and currency translation headwinds to impact fiscal 2026 growth.

    By • Dec. 18, 2025
  • A person with long blond hair looks to the left.
    Image attribution tooltip
    Courtesy of Gordon Brothers, photo by Mark Hanson
    Image attribution tooltip

    Gordon Brothers snaps up Rachel Zoe brand

    The firm, which has invested in several brands including Laura Ashley and Nicole Miller, prioritizes growth via licensing and product development.

    By • Dec. 17, 2025
  • The inside of an apparel store, with clothes hanging on a rack underneath a sign that reads "Toad Again."
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Are secondhand sales beefing up this little retail segment?

    Wells Fargo economists suspect that sales of used items helped push sales at “miscellaneous retailers” up more than 8% in the last 10 months.

    By • Dec. 17, 2025
  • A beige Kirkland's storefront.
    Image attribution tooltip
    "Kirkland’s Hialeah" by Phillip Pessar is licensed under CC BY 2.0
    Image attribution tooltip

    Store comps grow at Kirkland’s operator ahead of Bed Bath & Beyond merger

    The Brand House Collective, which saw net sales fall 9.6% in Q3, converted three locations to Bed Bath & Beyond stores in the quarter.

    By • Dec. 16, 2025
  • A sign posted on a blue-painted clapboard building says "AE" and "Aerie" as clouds drift in a blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Apparel sales on the rebound despite tariffs, consumer anxiety

    Several clothing retailers beat expectations in Q3, possibly fueled by consumers’ ongoing shift away from their pandemic-era wardrobes.

    By • Dec. 16, 2025
  • retail shopping fraud holidays Visa Mastercard
    Image attribution tooltip
    Kena Betancur via Getty Images
    Image attribution tooltip

    Consumer spending growth could slow in 2026

    Consumers will continue to drive the U.S. economy next year, but a softening labor market may dampen growth, according to Moody’s Ratings.

    By • Dec. 15, 2025
  • White exterior of Anthropologie storefront in Washington, D.C., with sale signs
    Image attribution tooltip
    Dani James/Retail Dive
    Image attribution tooltip
    Column

    The Weekly Closeout: Consumers lean on BNPL and Walmart gets excited about Anthropologie

    Reliance on buy now, pay later services has ticked up during the holidays, and the big-box retailer is bringing Anthropologie to its headquarters. 

    By Retail Dive Staff • Dec. 12, 2025
  • Exterior shot of a DXL store.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    DXL, FullBeauty to merge

    The companies see opportunity in an underserved and fragmented market, despite the rising use of GLP-1 drugs.

    By • Dec. 12, 2025
  • Two mannequins at the foot of a red set of stairs in Lululemon's SoHo store.
    Image attribution tooltip
    Courtesy of Lululemon
    Image attribution tooltip

    Lululemon founder decries brand ‘erosion’ as CEO prepares to exit

    Chip Wilson alleged the board and Calvin McDonald oversaw years of value destruction of the brand, though most analysts praised McDonald’s tenure.

    By • Dec. 12, 2025
  • A Value City Furniture exterior storefront and parking lot
    Image attribution tooltip
    "Value City furniture store, 37001 Warren Road, Westland, Michigan." by Dwight Burdette is licensed under CC BY 3.0
    Image attribution tooltip

    Creditors object to Schottenstein bid for bankrupt Value City Furniture owner

    The bid for American Signature Inc. contemplates a liquidation and is bad for unsecured creditors, according to objections.

    By • Dec. 11, 2025
  • An office supplies store.
    Image attribution tooltip
    "Office Depot" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    New owner taps CEO for Office Depot, OfficeMax

    Private equity firm Atlas Holdings on Wednesday completed its $1 billion acquisition of the struggling office supplies and services company.

    By • Dec. 11, 2025
  • A GameStop storefront at a mall
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Collectibles now make up nearly a third of GameStop’s sales

    The category was the lone bright spot in the gaming retailer's top-line results, as hardware and software both declined.

    By • Dec. 10, 2025