Financial News

  • Best Buy expands delivery options.
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    Courtesy of Best Buy
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    What 25 retail leaders are saying about tariffs

    From price increase warnings to confidence that vendor relationships will help ride out the storm, here's how the retail C-suite plans to weather tariffs.

    By • March 19, 2025
  • A display features signage reading "In 1981 Guess changed the denim industry forever" and a display of denim jeans.
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    Stefania M. D'Alessandro via Getty Images
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    Guess receives offer to go private

    The offer came from an affiliate of WHP Global, which last year partnered with the denim brand to buy Rag & Bone.

    By Lara Ewen • March 19, 2025
  • Zulily's webpage
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    Courtesy of Zulily
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    Beyond sells majority stake in Zulily for $5M

    Lyons Trading Company, owner of off-price retailer Proozy, is acquiring the brand. It’s Zulily’s fourth owner in two years.

    By • March 18, 2025
  • People walk around in front of Saks Fifth Avenue and Hudson's Bay department stores.
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    "Hudson's Bay" by Jeff Hitchcock is licensed under CC BY 2.0
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    Hudson’s Bay plans to liquidate

    With no deal on deck, the iconic Canadian retailer will likely go out of business by June, shuttering all stores and laying off 9,000-plus employees.

    By • March 17, 2025
  • A Dormify display at The Container Store.
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    Courtesy of The Container Store
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    Retail’s home sector has yet to find steady ground

    The category experienced both highs and lows since the pandemic hit. But as sales start to tick up once again, retailers face new challenges.

    By • March 17, 2025
  • Purple's Rejuvenate mattress
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    Permission granted by Purple
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    Purple considers strategic alternatives

    Possible outcomes include a sale or merger. “One of the outcomes is we don’t do anything differently,” the company’s CEO said.

    By • March 17, 2025
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    Courtesy of Solo Brands
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    Solo Brands warns it could file for bankruptcy

    The company issued a going concern statement citing challenges related to liquidity and existing debt.

    By Howard Ruben • March 14, 2025
  • Exterior of an Ulta store
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    Kaarin Vembar/Retail Dive
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    Ulta lost market share in beauty for the first time last year

    As part of a wide-ranging turnaround, the beauty retailer is launching a marketplace, expanding its wellness offering and fixing up stores.

    By • March 14, 2025
  • Two people wearing items from Hanes Moves athleisure collection
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    Courtesy of Hanes Brands
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    Column

    The Weekly Closeout: Hanes jumps into athleisure, iRobot has ‘substantial doubts’ about its future

    The underwear brand launched Hanes Moves, while the Roomba creator said the company is undergoing a strategic review.

    By Retail Dive Staff • March 14, 2025
  • Exterior shot of a Dollar General store.
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    Courtesy of Dollar General
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    Dollar General trims Popshelf fleet amid store footprint review

    The dollar store chain is cutting 20% of the higher-priced format, while only 96 of its namesake stores will get the axe.

    By • March 13, 2025
  • A person with short brown hair and glasses smiles.
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    Courtesy of Fossil Group
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    Fossil leans on layoffs, more store closures to cut costs

    The watch and accessories company is the latest to shore up its wholesale channel and pull back on direct-to-consumer sales.

    By • March 13, 2025
  • An assortment of 8Greens products
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    Courtesy of Grove Collaborative
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    Grove Collaborative’s revenue falls more than 17% in Q4

    The company is in the midst of a turnaround, which includes a pivot away from wholesale partners and a focus on acquiring third-party brands.

    By • March 13, 2025
  • TJMaxx storefront.
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    Kaarin Vembar/Retail Dive
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    US immigration policy could hurt off-pricers

    Burlington, TJX and Ross stand to benefit from tariffs and consumer angst, but one of their most important customer bases is under extreme pressure.

    By • March 13, 2025
  • Allbirds opens store in Flatiron district of New York City.
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    Courtesy of Allbirds
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    Allbirds Q4 sales plunge as shift from DTC takes a toll

    The pain will steadily subside this year, however, as the footwear brand makes progress toward a more profitable distribution model, executives said.

    By • March 12, 2025
  • Cars parked in front of a sporting goods store.
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    Daphne Howland/Retail Dive
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    Dick’s plots ‘significant investments’ in stores, digital as winning streak continues

    Technology and marketing will see more capital as the sporting goods retailer looks to take more share in e-commerce and grow its footwear business.

    By • March 11, 2025
  • Gray clouds over a Kohl's store, with an entrance to Sephora.
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    Daphne Howland/Retail Dive
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    Kohl’s working to fix mistakes as Q4 sales, profits plummet

    Without its Sephora shops, the department store’s holiday results would have been worse, yet the beauty partnership’s boost may be waning.

    By • March 11, 2025
  • Three hands holding three bright pink and red skincare bottles
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    Permission granted by Futurewise
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    Skin care brand Futurewise is shutting down

    The company, which entered Target just two years ago, will no longer accept orders on its website after March 24.

    By • March 11, 2025
  • People walk around in front of Saks Fifth Avenue and Hudson's Bay department stores.
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    "Hudson's Bay" by Jeff Hitchcock is licensed under CC BY 2.0
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    Hudson’s Bay Co. cites Trump tariffs in bankruptcy filing

    The department store company, which also runs Saks Fifth Avenue and Saks Off 5th stores in Canada, will exit the process with a smaller footprint.

    By • March 10, 2025
  • Zendaya for sneaker brand On
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    Courtesy of On
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    On plots first co-created footwear, apparel collection with Zendaya

    Deeper relationships with celebrity ambassadors and wholesale partners are in focus as the activewear brand grows sales by double digits.

    By • March 10, 2025
  • Wayfair's first brick-and-mortar store in Wilmette, Illinois on Sept. 3, 2024.
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    patty_c via Getty Images
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    Wayfair lays off 340 tech employees

    The company also plans to close its Technology Development Center in Austin, Texas.

    By • March 7, 2025
  • A vessel full of containers traveling through a European waterway.
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    Dan Kitwood via Getty Images
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    Column

    The Weekly Closeout: Trade groups sound the alarm on tariffs, L’Oréal sells Carol’s Daughter

    RILA, NRF and AAFA all raised red flags about President Trump’s trade policies, while the beauty conglomerate sold the brand it bought a decade ago.

    By Retail Dive Staff • March 7, 2025
  • Walgreens pharmacy
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    Justin Sullivan via Getty Images
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    Walgreens to be acquired in $10B take-private deal

    The struggling retail pharmacy chain's nearly 100-year run as a public company could end following an agreement to be purchased by private equity firm Sycamore Partners.

    By Emily Olsen • March 7, 2025
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    Adidas: There is ‘not one Yeezy shoe left in our inventory’

    CEO Bjørn Gulden also confirmed 500 jobs at its headquarters are now “obsolete” as it looks to localize operations.

    By • March 7, 2025
  • An apparel store with merchandise arranged in rainbow colors.
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    Courtesy of Gap Inc.
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    Old Navy, Gap lead comeback as Athleta drags

    Ending the year with a holiday performance that beat expectations, Gap Inc. gained market share for the eighth straight quarter.

    By • March 7, 2025
  • President Donald Trump addresses reporters at the White House on March 6, 2025.
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    Alex Wong via Getty Images
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    Trump extends pause on Mexico, Canada tariffs for some goods

    Imports from the countries that are compliant with the United States-Mexico-Canada Agreement will not be subject to tariffs until April 2.

    By Philip Neuffer • March 7, 2025