How Nike CEO Elliott Hill is building out his turnaround team

Eight months in, Hill has changed leadership structures and brought in new hires. At the same time, several long-time executives have retired.

By Cara Salpini • June 12, 2025

Off-price domination continues as department stores yield more share

Sales, profits and margins have been stronger at off-pricers, and that won’t change any time soon, according to a UBS report this week.

By Daphne Howland • June 12, 2025

Trump says tariff deal with China is ‘done’

The proposed agreement, pending approval from both countries, sets 55% tariffs on imports from China and a 10% rate on U.S. products, the president said Wednesday.

By Philip Neuffer • June 12, 2025

Victoria’s Secret expects $10M hit to Q2 operating income from cybersecurity breach

Newly arrived marketing chief Elizabeth Preis has been tasked with customer acquisition as the lingerie giant continues to lose market share.

By Daphne Howland • June 11, 2025

GameStop sales drop in key categories amid ongoing strategic shift

However, the company swung to a net income in Q1 and reported an improvement in its operating loss.

By Dani James • June 11, 2025

Designer Brands pulls guidance but is ‘cautiously optimistic’ about back to school, holiday

Tariffs have scrambled supply and demand more than anticipated. But its confusing value proposition isn’t helping, one analyst says.

By Daphne Howland • June 10, 2025

Dr. Martens plans shift to ‘consumer-first’ mindset

After revenue fell by double digits in the latest fiscal year, the footwear brand is instituting a new growth strategy.

By Laurel Deppen • June 10, 2025

Bark eyes price increases to offset tariffs

The company delivered its first adjusted EBITDA positive year, after the company “lost $58 million and burned nearly $200 million in cash” three years ago, according to its CEO.

By Kaarin Moore • June 10, 2025

Ollie’s takeover of Big Lots leases ‘off to a very strong start’

The company took over dozens of leases at the start of the year, and openings have been “smoother than we had anticipated,” executives said. 

By Kaarin Moore • June 9, 2025

Petco reaffirms full-year guidance even as Q1 sales fall

While its owned brands are more directly exposed to tariffs, executives said the retailer can deliver on its outlook if levies remain at current levels.

By Caroline Jansen • June 9, 2025

Torrid to close as many as 180 stores, 30% of its fleet

The plus-size apparel retailer already keeps about 60% of sales and customers from shuttered locations, and plans to invest in retention efforts. 

By Daphne Howland • June 6, 2025

Lululemon to raise prices as progress stalls in the US

As the retailer plans modest tariff-induced price hikes, CEO Calvin McDonald said U.S. shoppers are growing more "discerning" than those in Canada.

By Cara Salpini • June 6, 2025

Five Below CFO exits as Q1 sales jump 20%

COO Kenneth Bull will serve as interim financial chief while the company continues to focus on assortment newness. 

By Dani James • June 6, 2025

The Weekly Closeout: Nike appoints innovation chief and retailers face cyberattacks

The athletics retailer filled in the role behind John Hoke, while Victoria’s Secret, Adidas and The North Face have recently reported security breaches.

By Retail Dive Staff • June 6, 2025

Joann’s future a mystery as Michaels snaps up IP, private labels

The move comes amid growing interest in fabrics and sewing at Michaels, but it’s not clear what it means for the Joann brand.

By Daphne Howland • June 5, 2025

Shoe Carnival CEO: Shoe Station is the ‘future of our store base’

The company announced that its Shoe Station banner will represent over 80% of its store fleet by 2027.

By Kaarin Moore • June 5, 2025

Adults boost US toy sales

Consumers are either paying more for pricier toys or opting for lower-cost products, but mid-tier options are feeling a pinch, according to a Circana report.

By Tatiana Walk-Morris • June 5, 2025

Wealthier consumers flock to Dollar Tree in Q1

The discounter, which is better positioned against rival Dollar General without its Family Dollar unit, is expanding a multiprice strategy to more stores.

By Daphne Howland • June 4, 2025

Skechers sued by investor group over go-private deal

A lawsuit alleges the footwear giant violated federal securities law by failing to disclose important information to shareholders.

By Laurel Deppen • June 4, 2025

Shrink down, margins up at Dollar General a year after removing nearly all self-checkout

The discounter expects to raise prices “as a last resort” as tariffs and the economy replace lost merchandise as its major concerns.

By Daphne Howland • June 3, 2025

Victoria’s Secret postpones earnings following security incident

The company provided preliminary Q1 results, but a shutdown of its website during “retail’s all-important Memorial Day weekend” was a “significant problem,” according to analysts. 

By Kaarin Moore • June 3, 2025

Tariffs squeeze off-price retailers more than expected

The major players likely have greater exposure to import levies than previously thought, though their value proposition remains an advantage.

By Daphne Howland • June 3, 2025

Saks Global rescues its holiday with $350M in new financing

Without the infusion, the luxury department store company would struggle to pay vendors ahead of the critical season, analysts say.

By Daphne Howland • June 2, 2025

What went wrong at Target?

The mass merchant is looking to turn around falling sales and declining customer sentiment. But first, it needs to diagnose its own problems.

By Dani James • June 2, 2025

Ulta sees signs of improvement in Q1, but stays cautious

While beauty is generally recession-proof, executives said the category is not “immune to consumer pressure” and customers could pull back.

By Cara Salpini • May 30, 2025