Financial News

  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Retail Dive
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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 • Dec. 8, 2023
  • To the right of a mall store entrance, a minimalist gray granite facade features the red and white Lululemon logo and white lettering.
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    Daphne Howland/Retail Dive
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    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 • Dec. 8, 2023
  • An online shopper is sitting outside on the street and is ordering something on her mobile phone with a credit card in hand. Explore the Trendline➔
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    RgStudio via Getty Images
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    Trendline

    Retail 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
  • Squishmallow's collection with H&M.
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    Courtesy of Squishmallows
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    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, fulfillment center
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    Permission granted by Chewy
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    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 • Dec. 7, 2023
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    Daphne Howland/Retail Dive
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    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 • Dec. 7, 2023
  • A Dollar General sign and brick storefront on a cloudy day with the company's signature black on yellow logo
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    Permission granted by Dollar General
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    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 • Dec. 7, 2023
  • A mall entrance to a store named "Lovesac."
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    Daphne Howland/Retail Dive
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    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 • Dec. 6, 2023
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    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 • Dec. 6, 2023
  • A black "Lululemon" sign features the red and white brand logo and white lettering, hanging in front of a leafy tree.
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    Daphne Howland/Retail Dive
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    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 • Dec. 5, 2023
  • A bright green facade says "Joann" in white capital letters, and "handmade happiness" in white script. A mural in various shades of green depicts a cityscape.
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    Courtesy of Joann
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    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 • Dec. 5, 2023
  • Green skincare bottles from Biossance displayed on wooden table
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    Craig Barritt / Stringer via Getty Images
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    Amyris auctions off Biossance for $20M

    The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings. 

    By • Dec. 4, 2023
  • Two people running on a trail
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    Courtesy of Brooks Running
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    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 corporate building in Berlin
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    Courtesy of EBay
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    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
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
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    Retrieved from Lacoste on August 16, 2023
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    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 • Dec. 1, 2023
  • Big Lots to remain open on Thanksgiving.
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    Courtesy of Big Lots
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    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 • Dec. 1, 2023
  • Exterior of an Ulta store
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    Kaarin Vembar/Retail Dive
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    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 • Dec. 1, 2023
  • An Express storefront at King of Prussia mall in Pennsylvania
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    Permission granted by Express
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    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 • Nov. 30, 2023
  • A large sign in light pink block capital letters says "Pink," just above a smaller sign in darker pink that says "Victoria's Secret."
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    Daphne Howland/Retail Dive
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    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 • Nov. 30, 2023
  • A quotation mark on a blue background.
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    Kendall Davis/Retail Dive
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    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's corporate logo and signage is shown at the organization's corporate headquarters.
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    Nate Delesline III/Retail Dive
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    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 • Nov. 29, 2023
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    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 • Nov. 29, 2023
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    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
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    Permission granted by Foxtrot
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    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 launches Nuuly Thrift.
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    Courtesy of Urban Outfitters
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    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 • Nov. 27, 2023
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    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 • Nov. 27, 2023