Financial News
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NYSE moves to delist The Container Store
The home retailer has made several moves this year to strengthen its financial position as consumer reticence around discretionary spending persists.
By Nate Delesline III • Dec. 10, 2024 -
Petco narrows net loss to $16.7M in Q3 as turnaround efforts gain momentum
The company has made several executive appointments this year as it works to implement various merchandising changes.
By Nate Delesline III • Dec. 10, 2024 -
Under new ownership, Lord & Taylor revives old logo and comeback dreams
The chief strategy officer at Regal Brands Global, which now runs the venerable department store, talks to Retail Dive about what comes next.
By Daphne Howland • Dec. 10, 2024 -
After 2 quarters of cuts, Ulta raises guidance
The beauty retailer, which notched a 1.7% sales gain, also announced that Chief Merchandising Officer Monica Arnaudo will retire in spring 2025.
By Cara Salpini • Dec. 9, 2024 -
Victoria’s Secret & Co. turns its focus to Gen Z
The company will be working to differentiate its two brands, which merged in 2022, and give more space and attention to Pink.
By Daphne Howland • Dec. 6, 2024 -
Lululemon returns to stronger growth with 9% revenue jump
As the brand looks to drive growth in North America, revenue in that region increased 2%, but comps still declined.
By Cara Salpini • Dec. 6, 2024 -
Column
The Weekly Closeout: ThredUp sells Remix for $1 and who really won Black Friday?
The resale business sold most of the European company to Florin Filote for one euro, while early reports suggest On and Amazon scored sales during the holiday.
By Retail Dive Staff • Dec. 6, 2024 -
Five Below taps Forever 21 exec as CEO
Retail vet Winnie Park will take the top spot. Meanwhile, the teen retailer increased its guidance.
By Kaarin Moore • Dec. 5, 2024 -
Shrink down at Dollar General after backing away from self-checkout
Hurricanes took a toll in the third quarter and into the fourth, leading the discounter to lower its guidance slightly for the year.
By Daphne Howland • Dec. 5, 2024 -
Black Friday weekend shopping traffic exceeds NRF predictions
More consumers made purchases during the period than anticipated, and both stores and mobile shopping saw gains year over year.
By Tatiana Walk-Morris • Dec. 5, 2024 -
Chewy raises full-year guidance as it beats Q3 expectations
The online pet retailer saw net sales increase nearly 5% driven by strength in its Autoship subscription service and nondescretionary categories.
By Caroline Jansen • Dec. 5, 2024 -
Walmart CEO predicts grocery inflation will continue in early 2025
The retailer also aims to grow sign-ups for Walmart+ after initially downplaying the membership program, Doug McMillon said at a Morgan Stanley event.
By Catherine Douglas Moran • Dec. 5, 2024 -
Facing Nike ‘softness,’ Foot Locker sales fall 1.4%
CEO Mary Dillon said the retailer has made progress on its strategy, but was hurt by a more cautious consumer.
By Cara Salpini • Dec. 4, 2024 -
Gymboree marks brick-and-mortar return with New Jersey store
Parent company The Children’s Place is refocusing on its store portfolio, even as profit was cut nearly in half in Q3.
By Tatiana Walk-Morris • Dec. 4, 2024 -
Lender group completes acquisition of Tupperware’s assets
Party Products LLC — made up of Stonehill Capital Management and Alden Global Capital — has acquired the company’s brand name and other assets.
By Howard Ruben • Dec. 4, 2024 -
Off-price retailers aren’t too worried about tariffs
Among the many advantages that stores like TJX, Ross and Burlington have over mainstream retail companies: some protection from protectionism.
By Daphne Howland • Dec. 4, 2024 -
Dollar Tree CFO to step down next year
While financial performance improved during Q3, the retailer now faces the additional challenge of searching for a new CEO and CFO.
By Nate Delesline III • Dec. 4, 2024 -
Bath & Body Works hits 38M loyalty members
The retailer reported record-high customer retention rates in Q3 and set its sights on offering a seamless omnichannel experience.
By Bryan Wassel • Dec. 2, 2024 -
Winners and losers of Black Friday 2024
With deals all spread out and e-commerce surging even on Thanksgiving Day, the red-letter event seems to be losing its punch.
By Daphne Howland • Nov. 30, 2024 -
Nordstrom nervous about the holidays despite healthy Q3
A slowdown early in Q4 led to a very conservative upgrade in the retailer’s expectations. Meanwhile, there is still no update on the Nordstrom family’s take-private offer.
By Daphne Howland • Nov. 27, 2024 -
Abercrombie & Fitch Co. taps new CFO as sales surge 14%
The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.
By Nate Delesline III • Nov. 27, 2024 -
Amid setbacks in its turnaround, Kohl’s lowers guidance again
Traffic, sales and profits declined in Q3, and the department store is reversing course in some areas after its tactics backfired.
By Daphne Howland • Nov. 26, 2024 -
Best Buy says election, economy dampened customer demand in Q3
Revenue fell 3.2% as shoppers avoided big-ticket purchases, but with the election over and the heart of the holiday sales season ahead, the retailer is optimistic about Q4.
By Nate Delesline III • Nov. 26, 2024 -
Dick’s continues to dodge the rest of retail’s problems as comps jump 4%
Warm weather and price-conscious shoppers didn’t meaningfully dent the retailer’s performance — and tariffs won’t either, executives said.
By Cara Salpini • Nov. 26, 2024 -
Macy’s delays full Q3 report over millions in fraudulent expense accounting
Starting in 2021 an employee hid $132 million to $154 million in delivery expenses, a disclosure overshadowing an otherwise decent quarter.
By Daphne Howland • Nov. 25, 2024