Financial News

  • Laundry products from Green Grab and Grove Collaborative
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    Courtesy of Grove Collaborative
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    Grove Collaborative acquires Grab Green

    The deal extends an existing partnership between the two companies, as Grab Green in 2019 became a third-party vendor for the sustainable retailer.

    By Howard Ruben • Feb. 13, 2025
  • A Quiksilver storefront, with racks of flip flops outside.
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    The image by Jan Hagelskamp1 is licensed under CC BY 4.0
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    Liberated Brands to close all stores, sell its wholesale inventory following bankruptcy

    The company hired Gordon Brothers to conduct liquidation sales for its operated stores including Billabong, Roxy and Quiksilver.

    By Laurel Deppen • Feb. 12, 2025
  • A Party City storefront
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    Nate Delesline III/Retail Dive
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    Party City IP, wholesale operations to be acquired for $20M

    An affiliate of Ad Populum is buying the party retailer's IP, but Dollar Tree and Five Below emerged as top bidders for the company's store leases.

    By • Feb. 11, 2025
  • A Skechers storefront in an outdoor mall. A shopper walks into the door.
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    The image by Harrison Keely is licensed under CC BY 4.0
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    Skechers reaches record growth, but stock tumbles following weak outlook

    The footwear giant is also preparing to change its sourcing strategies amid tariff challenges.

    By Laurel Deppen • Feb. 10, 2025
  • The Cuddly Cougar bear for Build-A-Bear's ‘After Dark’ Valentine’s Day Collection
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    Courtesy of Build-A-Bear Workshop
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    Column

    The Weekly Closeout: Beyond closes Kirkland’s deal — and a very beary Valentine’s Day

    The two home retailers finalized their investment deal, while Build-A-Bear expanded its long-running “After Dark” collection.

    By Retail Dive Staff • Feb. 7, 2025
  • A delivery van, door open, parked on a city street.
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    Daphne Howland/Retail Dive
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    Amazon’s faster delivery, lower prices drive holiday sales boom

    As stores offer empty shelves and locked-up merchandise, the e-commerce giant makes itself convenient to budget-minded shoppers.

    By • Feb. 7, 2025
  • Cars are parked in front of a store with "Mattress Firm" in red capital letters, against a bright blue sky.
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    Daphne Howland/Retail Dive
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    Tempur Sealy closes $5B Mattress Firm takeover, plans rebrand to Somnigroup

    A federal court in January denied antitrust regulators’ latest move against the deal, which creates a conglomerate of three decentralized business units and the largest bedding company in the world.

    By • Feb. 6, 2025
  • An Under Armour storefront inside a mall.
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    "Under Armour at MixC Zhengzhou" by Windmemories is licensed under CC BY-SA 4.0
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    Under Armour e-commerce sales fall 20% as it pulls back on promotions

    Still, overall revenue came in better than expected and CEO Kevin Plank said the brand has more wholesale partnerships in the works.

    By • Feb. 6, 2025
  • Person in athletic gray shorts and tights holds a dumbell weight while looking at TV
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    Courtesy of Peloton
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    Peloton sales fall 9% in Q2 as memberships slide

    With a new CEO, the fitness brand is focused on expanding its core audience and distribution network.

    By • Feb. 6, 2025
  • Richard Galanti headshot
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    Courtesy of Costco
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    Costco’s ‘voice’: The long goodbye

    Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.

    By Maura Webber Sadovi • Feb. 6, 2025
  • An Estée Lauder storefront with displays featuring cosmetics in Hong Kong
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    "HK TKO zh:將軍澳 Tseung Kwan O PopCorn mall shop in January 2022" by CAHOGNSUIE 202 KADPA is licensed under CC BY-SA 4.0
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    Estée Lauder warns of up to 7,000 job cuts globally

    The layoffs, which represent up to 11% of its global workforce, arrive alongside a restructuring plan that extends into the C-suite.

    By • Feb. 4, 2025
  • Symbolic of Sino-American relations, the flag of the United States of America and the flag of the Republic of China fly together on flag poles next to each other on a sunny, windy day.
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    Stock via Getty Images
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    China responds to Trump with added tariffs on certain products

    The duties are set to take effect Feb. 10 and come just a day after last-minute deals with Mexico and Canada delayed tariffs in those countries.

    By Max Garland • Feb. 4, 2025
  • A Walgreens drugstore with green awnings.
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    Daphne Howland/Retail Dive
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    Walgreens suspends dividend in latest cost-cutting measure

    The decision aims to boost cash flow and reduce debt as it faces an opioid lawsuit from the Department of Justice.

    By • Jan. 31, 2025
  • A diverse group of people hanging out on a city rooftop.
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    Courtesy of Ugg
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    Deckers to phase out Koolaburra

    The move comes as higher-priced Ugg gains strength, notching $2.2 billion in net sales in the last fiscal year and $1.2 billion in this year’s Q3 alone.

    By • Jan. 31, 2025
  • A UPS driver makes a delivery on June 30, 2023 in Miami, Florida.
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    Joe Raedle via Getty Images
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    UPS to cut Amazon volume by more than 50%

    The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.

    By Max Garland • Jan. 31, 2025
  • Beyoncé appears in a Levi's campaign
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    Courtesy of Levi's
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    Levi’s braces for effects of economic uncertainty on consumers

    The denim brand shrugged off tariffs thanks to its diverse sourcing, but warned its outlook could sour if inflation and other pressures worsen.

    By • Jan. 30, 2025
  • A Walmart Canada storefront
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    Permission granted by Walmart Canada
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    Walmart Canada to invest $4.5B in stores, supply chain over the next 5 years

    As part of the initiative, the retailer plans to open a distribution center in the spring and five supercenters by 2027.

    By • Jan. 30, 2025
  • People walk in front of a Vans storefront.
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    The image by ajay_suresh is licensed under CC BY 2.0
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    VF returns to growth after 2 years of declines

    The Vans owner attributed the better-than-expected Q3 revenue to stronger DTC sales and “outsized wholesale performance.”

    By Laurel Deppen • Jan. 30, 2025
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    The Container Store exits bankruptcy

    The retailer used Chapter 11 to shed nearly $88 million in debt and will go forward as a privately held company owned by its lenders.

    By • Jan. 29, 2025
  • A person with long brown hair, white shirt and camel-colored jacket.
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    Courtesy of Canada Goose
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    Canada Goose taps former Stella McCartney chief merchant to lead global merchandising

    Judit Bankus, who spent eight years at Burberry and helped found the Karl Lagerfeld brand, will work closely with Creative Director Haider Ackermann.

    By • Jan. 28, 2025
  • An Amazon worker places a delivery on a residential porch
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    Permission granted by Amazon
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    What holiday sales mean for 2025

    Uncertainties persist, but five years after the pandemic lockdown, this year may at last mark a return to normal.

    By • Jan. 27, 2025
  • On the brown tile floor of an indoor soccer pitch, a white scuffed up gear bag with the word PUMA sits behind a pair of blue and white soccer cleats. One cleat leans against a soccer ball.
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    Courtesy of Puma
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    Column

    The Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas could cut jobs

    Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.

    By Retail Dive Staff • Jan. 24, 2025
  • Grocery products.
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    Courtesy of Walmart
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    Private label sales hit record in 2024

    Store brand sales increased nearly 4% to $271 billion, according to a new report from the Private Label Manufacturers Association.

    By Catherine Douglas Moran • Jan. 23, 2025
  • The storefront of Books Inc. in Alameda, California.
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    Permission granted by Books Inc.
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    Books Inc. files for Chapter 11

    The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.

    By • Jan. 23, 2025
  • A view of a Vince store from outside. The sign is visible as well as three mannequins through the window.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Vince Holding Corp. sells majority stake to P180, former CEO returns

    Brendan Hoffman, formerly of Wolverine World Wide, is returning to the top spot at Vince after holding the role from 2015 to 2020.

    By Laurel Deppen • Jan. 23, 2025