Financial News
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Torrid Q3 net sales drop, swings to net loss
The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.
By Dani James • Dec. 8, 2023 -
Despite Black Friday blockbuster, Lululemon maintains its holiday outlook
The brand continues to defy expectations, but may finally be approaching a plateau as competition rises and consumers remain cautious.
By Daphne Howland • Dec. 8, 2023 -
Explore the Trendline➔
RgStudio via Getty ImagesTrendlineRetail Dive's DTC outlook for 2023
A look at DTC trends and predictions for what direct-to-consumer brands can expect in the year ahead.
By Retail Dive staff -
Column
The Weekly Closeout: Claire’s expands into Mexico and Squishmallows collabs with H&M
The accessories retailer opened a store in Mexico City, while the toy company, known for its plush stuffed animals, teamed up with H&M for a collection.
By Retail Dive Staff • Dec. 8, 2023 -
Chewy names new CFO
The DTC pet supplies retailer has been looking for someone to fill the role on a permanent basis after Mario Marte stepped down from the role in July.
By Caroline Jansen • Dec. 7, 2023 -
GameStop sales slide 9% but loss narrows
The video game retailer this week gave CEO Ryan Cohen authority to manage the company's investment portfolio in public and private markets.
By Nate Delesline III • Dec. 7, 2023 -
Hundreds of new stores help push Dollar General sales up 2.4%
But the discount retailer is cutting back its expansion plans for next year as it aims to turn its business around.
By Daphne Howland • Dec. 7, 2023 -
Lovesac Q3 net sales jump 14.3% amid store growth
The furniture brand — which is facing an SEC investigation due to accounting errors — reported showroom net sales increased 18.9%.
By Dani James • Dec. 6, 2023 -
Stitch Fix sales and customer count decline further, but loss narrows
The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.
By Daphne Howland • Dec. 6, 2023 -
Can Lululemon maintain its momentum?
Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.
By Daphne Howland • Dec. 5, 2023 -
Joann raises cost savings target to $225M
The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.
By Nate Delesline III • Dec. 5, 2023 -
Amyris auctions off Biossance for $20M
The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings.
By Dani James • Dec. 4, 2023 -
Brooks Running posts record 14% increase in Cyber Monday sales
Nearly half of those sales were from new customers. The athletics brand also reported an 8% year-over-year increase in online sales on Black Friday.
By Howard Ruben • Dec. 4, 2023 -
EBay invests in sports trading card company COMC
The two companies also entered a commercial agreement as eBay continues to grow its presence in the category.
By Tatiana Walk-Morris • Dec. 4, 2023 -
Retrieved from Lacoste on August 16, 2023
Activewear brand Bandier seeks buyer for IP, assets
After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.
By Dani James • Dec. 1, 2023 -
Big Lots’ net sales fall nearly 15% in Q3
The retailer also announced two new executives, including a chief stores officer and a leader of extreme value sourcing.
By Nate Delesline III • Dec. 1, 2023 -
Ulta CFO to retire amid 6.4% sales growth
Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.
By Cara Salpini • Dec. 1, 2023 -
Express CEO acknowledges merchandising missteps
Sales and comps fell at the company’s namesake banner and UpWest, but the Bonobos acquisition pushed overall sales up 5%.
By Nate Delesline III • Nov. 30, 2023 -
Victoria’s Secret swings to $71M loss in Q3
A revamped loyalty program is delivering results, but the company’s marketing has become confusing, some analysts say.
By Daphne Howland • Nov. 30, 2023 -
Podcast
The Backroom: What’s the deal with EBITDA?
The earnings metric is widely used despite criticism that it can cloud the true picture. What companies emphasize it, and why?
By Retail Dive Staff • Nov. 30, 2023 -
Dollar Tree may shrink Family Dollar footprint: CEO
Rick Dreiling said the company has initiated a comprehensive review of its Family Dollar banner after it missed expectations in Q3.
By Nate Delesline III • Nov. 29, 2023 -
Foot Locker beats expectations, but sales continue to tumble
In Q3, sales fell 8.6% and net income plummeted 71% as the retailer closes stores and looks for avenues to turn itself around.
By Cara Salpini • Nov. 29, 2023 -
Shein reportedly files for IPO
The fast-fashion giant had reportedly been eyeing the move all year, while it has faced scrutiny from U.S. lawmakers over its supply chain practices.
By Laurel Deppen • Nov. 28, 2023 -
Foxtrot and Dom’s Kitchen announce merger
The upscale convenience store brand plans to combine with the local grocer that has a similar reputation for innovative foodservice and store designs.
By Catherine Douglas Moran • Nov. 28, 2023 -
Urban Outfitters’ Nuuly rental business turns a profit in Q3
In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.
By Daphne Howland • Nov. 27, 2023 -
Abercrombie & Fitch sales jump 20% in Q3
The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.
By Nate Delesline III • Nov. 27, 2023