Financial News


  • A Saks store in Chicago.
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    Kaarin Moore/Retail Dive
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    Saks Global $600M deal with bondholders includes $200M in new financing

    As the holidays loom and past vendor payments come due, the package replaces a previous proposal for $350 million in new financing.

    By June 30, 2025
  • The outside of a Home Depot store
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    Brandon Bell via Getty Images
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    Home Depot goes after pro market with $4.3B acquisition

    The retailer has inked a deal for its SRS Distribution subsidiary to acquire GMS, which specializes in drywall, ceilings and steel framing.

    By June 30, 2025
  • A person walks in front of a Nike store.
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    Kevin Frayer/Getty Images via Getty Images
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    As revenue falls 10%, Nike preps for $1B tariff hit

    At the same time, the brand is restructuring teams around key sports and touted “significant progress” on rightsizing its classic footwear franchises.

    By June 27, 2025
  • Exterior shot of a Spirit Halloween store.
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    Courtesy of Spirit Halloween
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    Column

    The Weekly Closeout: J. Jill names chief merchant as Spirit Halloween resurrects seasonal hiring

    Courtney O’Connor, formerly head of merchandising at Club Monaco, joins Monday. Meanwhile, the spooky store plans to bring on 50,000 employees.

    By Retail Dive Staff • June 27, 2025
  • A drugstore entrance.
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    Daphne Howland/Retail Dive
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    Walgreens swings to a loss ahead of Sycamore acquisition

    Store closures and weak front-of-store comps led to a retail sales decline in Q3, but U.S. pharmacy and international sales were strong.

    By June 26, 2025
  • DUDE Wipes’ Jeff Klimkowski
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    Permission granted by Jeff Klimkowski
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    Dude Wipes secures private equity investment

    The brand said it plans to use the funding from TSG Consumer Partners to grow its retail partnerships.

    By Howard Ruben • June 25, 2025
  • A person wearing sunglasses pushes a baby in a store cart.
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    Daphne Howland/Retail Dive
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    Walmart agrees to pay $10M to settle FTC wire-transfer allegations

    The settlement closes a case the Federal Trade Commission brought in 2022, alleging that the retail giant turned a blind eye to scams and fraud.

    By June 23, 2025
  • A construction worker sites on a jobsite, looking sad.
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    SimonSkafar via Getty Images
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    Economy heading toward ‘significant slowdown,’ Conference Board says

    A decline in housing permits in May and two consecutive months of rising claims for unemployment insurance led to a dip in the Leading Economic Index.

    By Jim Tyson • June 23, 2025
  • A group of people wearing clothing from the Gap x Doen collaboration.
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    Courtesy of Gap Inc.
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    Column

    The Weekly Closeout: Authentic hires an Amazon vet, Dôen secures funding

    Tim Derner joined the brand management firm as the global head of marketplaces, while the apparel brand closed on a Series A funding round.

    By Retail Dive Staff • June 20, 2025
  • A massive lit-up sign with the tilted blue "Hasbro" logo and cartoon images looms over a dark room.
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    "Hasbro booth" by Gage Skidmore is licensed under CC BY-SA 2.0
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    Hasbro cuts 3% of workforce

    The toy company has been undergoing a turnaround effort, which includes a $1 billion cost-savings objective.

    By June 18, 2025
  • White clouds hover over a Bed Bath & Beyond store, a leafy tree in front on the left.
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    Daphne Howland/Retail Dive
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    Kirkland’s tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective’

    The company, which also reported Q1 sales and profit declines, said Kirkland's stores will turn into Bed Bath & Beyond Home locations.

    By June 17, 2025
  • A woman in a lavender jumpsuit sits on one hip staring into the distance
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    Courtesy of Nuuly
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    Nuuly is dominating the apparel rental market

    The company has more than double the number of active subscribers as Rent the Runway, its next-largest U.S. apparel subscription competitor, according to Wells Fargo analysts.

    By Tatiana Walk-Morris • June 16, 2025
  • A Roots storefront inside a mall, with cork and wood detailing.
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    "Roots store in Yorkdale Mall" by Roots Corp. is licensed under CC BY-SA 4.0
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    5 years after US bankruptcy, Roots notches third quarter of sales growth

    As part of a multiyear strategy, the Canadian brand is closing underperforming stores, upgrading its fleet and investing in marketing.

    By June 16, 2025
  • A person in green clothing and boots, with a cowboy hat and sunglasses, is positioned next to a desert landscape.
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    Courtesy of Canada Goose
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    Canada Goose prioritizes year-round relevance with second Haider Ackermann collection

    The collection uses lightweight fabrics to reimagine classic cold weather styles and comes as the retailer looks to broaden its assortment.

    By Howard Ruben • June 16, 2025
  • Chewy, fulfillment center, conveyor belt
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    Permission granted by Chewy
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    Chewy’s sales jump despite challenging economic environment

    The pet e-commerce company reported a gross margin decline in Q1 but remained positive about its full-year outlook.

    By Dani James • June 13, 2025
  • A yellow cab drives past a traffic cop as people walk near a big 19th century building.
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    "Bergdorf Goodman" by ajay_suresh is licensed under CC BY 2.0
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    Saks Global says it’s back on track with vendors, won’t close stores

    The company told BMO Capital Markets it has mostly repaired supplier relationships, though luxury brands tell other analysts its ability to pay remains a top concern.

    By June 13, 2025
  • A woman in a bright red suit stands with a hand in her long, curly hair.
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    Courtesy of Isima
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    Column

    The Weekly Closeout: Michaels rolls out Summerween and Shakira’s beauty brand debuts

    The crafts retailer is releasing Halloween decor earlier than ever, while the pop star’s Isima line will launch at Ulta Beauty.

    By Retail Dive Staff • June 13, 2025
  • Headshot of Elliott Hill
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    Courtesy of Nike
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    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 June 12, 2025
  • A Nordstrom Rack store in Seattle, across the street from the flagship Nordstrom store.
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    Daphne Howland/Retail Dive
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    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 June 12, 2025
  • President Donald Trump boards Air Force One on June 10, 2025, in Joint Base Andrews, Maryland.
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    Anna Moneymaker via Getty Images
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    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
  • 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 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 June 11, 2025
  • A street-side GameStop storefront.
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    Daphne Howland/Retail Dive
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    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
  • Someone wearing a helmet rides by a store on a motorcycle.
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    Daphne Howland/Retail Dive
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    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 June 10, 2025
  • A closeup of a person's Dr. Martens oxfords. They are wearing black socks and wide legged striped pants.
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    Pablo Cuadra via Getty Images
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    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
  • A person walking by a Bark sign
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    Courtesy of Bark
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    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 June 10, 2025